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Altamira Gold Announces New Gold Discovery at the Maria Bonita Target, Cajueiro Project, Brazil
First two diamond drill holes return 50 m @ 1 g/t gold and 55 m @ 1 g/t gold respectively Van...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Announces New Gold Discovery at the Maria Bonita Target, Cajueiro Project, BrazilFirst two diamond drill holes return 50 m @ 1 g/t gold and 55 m @ 1 g/t gold respectivelyVancouver, British Columbia--(Newsfile Corp. - September 7, 2022) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) (\"Altamira\" or the \"Company\") is pleased to announce that it has received assay results from the first two diamond drill holes completed at the previously untested Maria Bonita target which forms part of the Cajueiro project in Para state, Brazil. Highlights:Hole MBA001 returned 50m @ 1 g/t gold from surface in a strongly altered felsic porphyritic intrusive host rock, crosscut by several phases of quartz veining indicative of an underlying porphyry intrusive system. Gold values range from 0.14 to 2.4 g/t goldThe remainder of the hole MBA001 contained consistent gold mineralization returning 71.4m @ 0.3 g/t gold from 50-121.4m. All samples contained gold above the detection limit indicating a very pervasive mineralizing eventMBA002 was drilled 80m to the SSW of MBA001 and intersected 69.5m @ 0.9 g/t gold from surface, including 55m @ 1 g/t gold. Gold values are very consistent ranging from 0.2 - 2.2 g/t. The hole cut a second interval of 25m @ 0.7 g/t gold from 110m depth and ended in mineralization at 135m depth The gold-in-soil anomaly at Maria Bonita is 800 x 800m in size and open in several directions and is coincident with an aeromagnetic feature which extends up to 1.2km east-west, bounded on three sides by linear features, interpreted as faultsCEO Mike Bennett commented; \"These initial results on the first two diamond drill holes at the previously untested Maria Bonita suggest that we have made a significant new gold discovery at our Cajueiro project located within the Alta Floresta Belt. The intense quartz stockwork veining observed in the first two holes is unlike any other style of mineralization thus far encountered in the Cajueiro area. This style of gold mineralization, together with the size of the gold-in-soil anomaly (800 x 800m), suggest that Maria Bonita may have significant bulk-tonnage potential. We look forward to receiving the results on the other seven reconnaissance drill holes at this exciting new gold discovery, as we work to determine the size of the mineralized system.\"CAJUEIRO PRO...