Altair Minerals Limited (ASX:ALR) Discovers Fourth Major Copper Porphyry at Venatica West
Fourth Major Copper Porphyry System Discovered
Altair Minerals Limited (ASX: ALR) has identified a fourth major copper porphyry system, “Irka Sur,” at Venatica West, located 4km south of Irka NE. The discovery features significant copper oxides and sulphides within 200 meters of outcrop, making it a high-priority exploration target.
Copper Mineralisation Details
The Irka Sur system remains open in all directions, with visual copper outcropping over approximately 200 meters. Copper-bearing minerals identified include Chalcopyrite, Tenorite, Malachite, and Azurite. The mineralisation shows remarkable enrichment, with abundant copper secondary sulphide (Chalcocite) present in float and outcrop.
Regional Porphyry District Potential
Initial findings suggest that Venatica West may transform into a regional porphyry copper belt in Peru, comprising multiple copper bodies linked by structural controls. This indicates a potential for a globally significant discovery within the emerging porphyry district.
Exploration Plans
Altair will prioritize mapping and sampling at Irka Sur to test grade and extent, followed by a larger-scale exploration program covering adjacent areas. The company aims to establish the system’s footprint and confirm its scale through detailed sampling and geological assessments.
Executive Comments
CEO Faheem Ahmed stated, “The discovery of Irka Sur represents another significant milestone for Altair Minerals as we continue to unlock the immense potential of the Venatica Project. With this fourth major copper porphyry system now identified, we are rapidly defining what appears to be a new, large-scale copper district in Peru. The presence of copper-bearing minerals over a 200-meter outcrop and float at Irka Sur, combined with its location in an underexplored terrain, highlights the immense prospectivity of the Venatica Project. This discovery further strengthens our belief that we have multiple pathways to uncovering a major copper system, with the potential to rival other world-class deposits along the same geological corridor.”
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.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.