Business
Altamira drills 4m @ 3.23g/t gold at Crepori project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - February 9, 2018) - Altamira Gold Corp. (...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira drills 4m @ 3.23g/t gold at Crepori project, BrazilVancouver, British Columbia--(Newsfile Corp. - February 9, 2018) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to provide drill results from the first phase drill program at the Crepori project located in southern Para state, Brazil. Highlights are as follows:Hole CPR-1 which was drilled at the Ze Milton target below an area of historic workings and sheeted veining exposed on surface which has grab values of 6.54 - 39.24g/t gold, cut three zones of mineralization including 1m @ 4.55g/t gold, 4m @ 3.23g/t gold and 5m @ 1.81g/t gold Hole CPR-2 which was drilled at the Raimundo target below surface workings, cut a narrow high-grade structure which returned 0.4m @ 8.52g/t gold and a second lower grade structure further down the hole which returned 0.6m @ 0.66g/t goldHole CPR-3 which was drilled at the Ze do Bode target below historic surface workings cut two narrow low-grade but mineralized structures which returned 2m @ 0.55g/t gold and 2m @ 0.56 g/t gold The 100% owned Crepori project is located in southern Para state in Northern Brazil and has been the focus for significant but small scale historic placer gold production which is estimated to have been in the order of at least 0.5Moz. The area has never been previously drilled with a view to identifying the source of this gold. With this objective in mind, Altamira drilled a total of 7 holes for 876m at Crepori during November and December 2017. Holes were located in six separate areas where high grade veins had been mapped on surface but surface exposures in the area are sparse with +99% of the area being covered by recent soils.Hole CPR-1 was drilled below an area of historic workings on a sheeted vein zone at the Ze Milton target with surface grab samples returning ranges of 6.54 - 39.24g/t gold. Hole CPR-1 returned 1m @ 4.55g/t gold from 79-80m, 4m @ 3.23g/t gold from 98-102m and 5m @ 1.81g/t gold from 104-109m. The grades and widths encountered in this first hole at Ze Milton are considered very encouraging and require further drilling and follow up.Hole CPR-2 was drilled below a surface showing at the Raimundo target, which previously returned values of 8.61 - 148.24 g/t gold from surface grab samples. Hole CPR-2 returned 0.4m @ 8.52g/t gold from...