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Altamira Commences Copper Exploration Program in Juruena Belt, Mato Grosso, Brazil
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2018) - Altamira Gold Corp. (...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Commences Copper Exploration Program in Juruena Belt, Mato Grosso, BrazilVancouver, British Columbia--(Newsfile Corp. - February 21, 2018) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF), (\"Altamira\" or the \"Company\") is pleased to report that it commenced an exploration program for concealed porphyry copper mineralization throughout the Juruena Belt of Mato Grosso state in eastern Brazil. The rationale behind the program is as follows: The description of copper-gold mineralization at the Jaca target (see attached map) consistent with porphyry mineralization based on an examination of open file reports The recent staking of approximately 3.5M ha of new claims by Anglo American Corp., Nexa Resources S.A. and Vale S.A. over the Juruena Belt The identification of significant copper values from the re-analysis of drill core at Colider and Firmino, including 4.1m @ 1.05% Cu and 18.59g/t Au A re-interpretation of detailed aeromagnetic data over Altamira's Cajuiero project has revealed 14 separate targets for concealed porphyry style mineralization During the last four months, several major mining companies, including Anglo American Corp., Nexa Resources S.A. and Vale S.A., have all staked large areas of the Juruena gold belt amounting to approximately 3.5M hectares. This staking rush is unprecedented in Brazil. As a result, Altamira's concession areas within the belt, which include Cajueiro, Apiacás, Santa Helena and Carlinda are now completely surrounded by third party claims (see attached map or click https://altamiragold.com/altamira_juruena_pr_feb_21_18). The catalyst for this staking rush appears to be a significant copper discovery at Jaca located in the eastern part of the belt (see map). Jaca was the subject of a University of Campinas research study completed in December 2015 which describes mineralization and alteration consistent with a porphyry Cu-Au deposit. Based on Google Live satellite imagery, it appears that Anglo American currently has 6 drill rigs drilling on the project. Figure 1: Altamira Gold Holds Over 200,000 Hectares in the Juruena Belt, BrazilTo view an enhanced version of Figure 1, please visit: https://orders.newsfilecorp.com/files/4500/32962_a1519186138249_98.jpgSeveral of Altamira's projects are characterized by elevated copper values including values exceeding 1% ...