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Altamira Announces Positive Sample Results from Apiacas project, Brazil, including 12m @ 2.0 g/t gold from the Mutum target
Vancouver, British Columbia--(Newsfile Corp. - June 4, 2019) - Altamira Gold Corp. (TSXV: ALT...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Announces Positive Sample Results from Apiacas project, Brazil, including 12m @ 2.0 g/t gold from the Mutum targetVancouver, British Columbia--(Newsfile Corp. - June 4, 2019) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) (\"Altamira\" or the \"Company\") is pleased to report positive results from the initial surface rock sampling program which was recently completed at the Mutum target, located within the Apiacas project area close to the northern margin of the Alta Floresta Belt in Brazil. Highlights include;Channel sampling at the Mutum target returned 12m @ 2.0g/t gold in weathered rock with the section being open in all directionsOther surface rock grab sampling at the Mutum target returned gold values ranging from 0.5 - 96.6 g/t gold (12 of 16 samples returning values above 0.5 g/t gold) Three new targets have also been identified within the Apiacas project area at Nelson Rocha, Ze Rodrigues and Chaveta. The results from 26 grab samples collected at the Nelson Rocha target returned values ranging from 13.2 - 335.2 g/t gold from thirteen of twenty-six samples. Five samples returned copper values of 0.2 to 1.2% Cu BackgroundThe Alta Floresta Gold Belt has historically produced an estimated 7-10Moz of placer gold which led Altamira to build up a large land position on several project areas previously identified by the artisanal miners In September 2017, Anglo American and Nexa Resources staked a total of 3.5M ha within the belt following the reported discovery of a porphyry copper deposit at Jaca by Anglo American, and academic research studies by The Geological Service of Brazil and the University of Campinas in late 2015. Codelco, subsequently acquired an additional 800,000ha in the belt. Altamira remains the largest junior company license holder in the areaThe Apiacas district is located in the north-west part of the Alta Floresta Gold Belt and was one of the most prolific historic gold placer producing areas in the belt with an estimated 1Moz of placer gold extracted by the garimpeiros. Altamira has completed some previous surface exploration work on exploration claims on the easternmost areas of the Apiacas project area, which has identified a number of prospective targets including Papagaio, Osmar, Bragatte, Paulinho Trocatiro, Casa Branca, Joao Fidelis and Mutum (Figure 1). Thus far, Altamira...