Altair Minerals Limited (ASX:ALR) Identifies New Central Porphyry System at Venatica
Exploration Findings
Altair Minerals Limited (ASX:ALR) has identified a significant outcrop of a stockwork system at Central Porphyry, Venatica West. The ultra-potassic vein system indicates substantial hydrothermal activity and multi-stage mineralisation, ideal for copper enrichment. The Central Porphyry remains open, suggesting the potential for a larger regional Porphyry system spanning southwest to northeast.
Community Engagement
The company has commenced early engagement with the local community, receiving initial approval for ongoing exploration works. Positive discussions with community leaders support Altair’s long-term exploration and development plans, including community incentive programs and local training initiatives.
Future Outlook
Altair plans to initiate a comprehensive program to evaluate Venatica’s full potential, including detailed mapping and geochemical sampling. The discovery adds to existing high-grade targets, with further exploration expected to enhance copper sulphide grades and expand the porphyry cluster.
Executive Comments
Altair Chief Executive Officer, Faheem Ahmed, stated, “This is an outstanding find by our geological team within the high-grade Venatica Copper Project. We are onto an exceptional exploration target, both with scale and potential to be high-grade.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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