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Altamira Gold Commences Drilling at Maria Bonita Target and Receives Initial Results from Drilling at the Cajueiro Gold Deposit
Vancouver, British Columbia--(Newsfile Corp. - August 18, 2022) - Altamira Gold Corp. (TSXV: ...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Commences Drilling at Maria Bonita Target and Receives Initial Results from Drilling at the Cajueiro Gold DepositVancouver, British Columbia--(Newsfile Corp. - August 18, 2022) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce that it has commenced drilling at the Maria Bonita target, and has received initial drill results from one hole at the Baldo East zone which forms part of the Cajueiro gold deposit. Highlights:Diamond drilling has commenced at the untested Maria Bonita target which is located 7km north west of the Cajueiro gold deposit and is characterised by a large gold-in-soil anomaly which is at least 800 x 800m in size with several gold values in soils up to 1g/t gold. An initial program of 6 diamond drillholes is plannedWhilst there is no known surface exposure at Maria Bonita, a recently identified surface float sample of gossanous breccia in silicified and strongly sericitized rock suggests a relationship of the gold-in-soil anomaly to a possible underlying hard-rock hydrothermal alteration system The Company recently completed a 7-hole diamond drilling program aimed at proving up extensions to several mineralized structures within the Baldo target which forms part of the current Cajueiro mineral resource. The first hole, CAJ-0106, returned 4m @ 4.76g/t Au from 79m depth, below a trench intercept of 7m @ 5.54g/t AuCEO Mike Bennett commented; \"We are excited to be drilling an untested target within the Cajueiro project. The gold-in-soil anomaly at Maria Bonita is by far the strongest and most consistent gold-in-soil anomaly we have identified to date in the Cajueiro area. The recent identification of highly brecciated and altered float material on surface suggests the presence of an underlying hydrothermal system, and we look forward to the results of this first phase drill program. Furthermore, the initial results of the recently completed diamond drill program at Baldo East are encouraging and demonstrate the down-dip extension of surface mineralization, suggesting the potential to add additional resource ounces in this section of the Cajueiro deposit.\" CAJUEIRO PROJECT The Cajueiro project is located approximately 75km NW of the town of Alta Floresta in the state of Mato Grosso (Figure 1) in central western Brazil and is easi...