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Altamira Gold Confirms Presence of Four High-Grade Vein Structures at Mutum Target, Apiacas Project, Brazil
Individual samples up to 403.5 g/t gold and channel samples up to 3m @ 10.39 g/t gold Vancouv...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Confirms Presence of Four High-Grade Vein Structures at Mutum Target, Apiacas Project, BrazilIndividual samples up to 403.5 g/t gold and channel samples up to 3m @ 10.39 g/t goldVancouver, British Columbia--(Newsfile Corp. - March 8, 2021) - Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) (\"Altamira\" or the \"Company\"), is pleased to announce the confirmation of four high-grade gold-silver vein structures at the wholly owned Apiacas project located in Mato Grosso state, Brazil.HighlightsRecent surface sampling has confirmed the presence of four NE-SW trending high-grade vein structures at the Mutum target within the Apiacas project area. Each of the four veins appears to extend over at least 1km in strike length and all originate from the area of disseminated gold mineralization which has been mapped over 4 km2 on surface Surface grab samples of these high-grade veins returned values up to 403.5 g/t gold and recent channel samples included values up to 3m @ 10.39 g/t gold. Silver assays have also returned high grade values up to 871 g/t silverAltamira plans to conduct a ground induced polarization geophysical (\"IP\") survey to better define the limits of altered and mineralized intrusive rock carrying disseminated pyrite in advance of drillingMichael Bennett, President & CEO commented, \"At least 1 million ounces of gold were produced primarily from weathered bedrock at the Mutum target within the Apiacas Gold Project. Mutum displays broad distribution of disseminated gold mineralization occurring within altered intrusive rock. This target, covering at least 4km2, has the potential to host a very large gold system. Altamira's recent identification of four high-grade vein structures, locally carrying bonanza gold and silver values, makes this target even more compelling. We eagerly await results of our ground geophysical survey that will assist in delineation of targets in advance of drilling planned for mid-2021.\"Apiacas ProjectThe Apiacas project area is located 50km west of Altamira's Cajueiro gold project which hosts 43-101 compliant indicated resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz and inferred resources of 12.66Mt @ 1.26 g/t gold for a total of 515,000oz. Figure 1: Location of the Altamira's projects in Mato Grosso and Para statesTo view an enhanced version of Fi...