Business
Altamira Gold Confirms Porphyry-Style Mineralization in First Three Drillholes at the Santa Helena Project
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2022) - Altamira Gold Corp. (TSXV:...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Confirms Porphyry-Style Mineralization in First Three Drillholes at the Santa Helena ProjectVancouver, British Columbia--(Newsfile Corp. - February 2, 2022) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC PINK: EQTRF) (\"Altamira\" or the \"Company\") is pleased to announce that its first three diamond drillholes have intersected porphyry style alteration and mineralization at the Santa Helena porphyry copper-gold project in Mato Grosso State, Northern Brazil. Core samples are being prepared and will be dispatched during February to the SGS Laboratory in Belo Horizonte for assay. Highlights:The initial three drillholes at the Gabriel target at Santa Helena have confirmed the occurrence of alteration and mineralization typical of porphyry copper systems at depthGeological consultants, Dr. Alan Wilson and Darren Jones MSc, both with extensive Latin American porphyry exploration experience, have confirmed their view that the intersections in the initial three drill holes show alteration typical of porphyry systems Confirmation of the prospectivity of the belt for the preservation of Proterozoic porphyry copper deposits provides Altamira Gold with an exciting new target style in addition to the high-grade gold and base metal veins already identified CEO Mike Bennett commented; \"The identification of compelling evidence of porphyry-style alteration at depth at Santa Helena is extremely encouraging so early in the drill program, and with a 28 square kilometer area of known surface copper and gold mineralization, we now need to use geophysical exploration techniques over this area to help identify the best drill targets for the second phase of drilling. This new porphyry discovery by Altamira is only 60 kilometers to the south-west of the Jaca Porphyry Copper discovery by Anglo American in 2017 and we are extremely excited for both the copper and gold potential within our extensive Santa Helena Project.\"SANTA HELENA PROJECTThe Santa Helena project is located immediately adjacent to the paved BR-163 federal highway in the state of Mato Grosso and 60km SW of the Jaca porphyry copper deposit which was recently discovered by Anglo American Corporation (Figure 1). Figure 1: Location of the Santa Helena, Apiacas and Cajueiro projects. Drilling is now in progress at Apiacas (Mutum target) and Santa Helena.To view an e...