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Altamira Gold Defines Additional Porphyry-Style Coincident Copper and Magnetic Drill Targets at the Santa Helena Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - August 9, 2023) -  Altamira Gold Corp. (TSXV...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Defines Additional Porphyry-Style Coincident Copper and Magnetic Drill Targets at the Santa Helena Project, BrazilVancouver, British Columbia--(Newsfile Corp. - August 9, 2023) -  Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC PINK: EQTRF) (\"Altamira\" or the \"Company\") is pleased to provide an update on its ongoing exploration programme for copper and gold at the Santa Helena project in Mato Grosso State, Northern Brazil. This work is being conducted in parallel with ongoing exploration at the Company's main Cajueiro gold project. Highlights:Ground magnetic work has been completed at three further copper-in-soil anomalies at the Santa Helena project (Areas 2, 3 and 4), and has revealed the presence of coincident magnetic anomalies. These coincident copper-in-soil and magnetic targets add to the excellent coincident anomaly already defined in Area 1 and have signatures that are considered to be consistent with inferred porphyry settings.A drill programme is being designed to test these targets. Exploration continues in the south of the project area to follow-up widely spaced copper-in-soil anomalies. Consultant geologist Darren Jones commented; \"The presence of undrilled-tested copper-in-soil anomalism in this tropical weathered landscape, coincident with well-defined magnetic features, reminiscent of intrusive bodies and a local and regional structural setting permissive for porphyry stock emplacement are strong positives. Together with the presence of mineralized porphyry-like stockworks in limited surface exposure, trenching and initial drilling of what appears to have been the margins of one or more potentially copper-mineralized porphyry stocks, is, in my opinion, as good as it gets in terms of drill readiness for a potential cluster of porphyries on early-stage exploration plays in largely covered terrain.\"CEO Mike Bennett commented; \"These results have confirmed the coincidence of anomalous geochemical and geophysical responses at all three new areas surveyed using ground magnetics and add to the compelling target previously identified in Area 1. We now have an impressive inventory of \"drill-ready\" options to test for porphyry-style copper mineralization. The regional structural location, and widespread association with large-scale alteration features, consistent with porphyry-style intr...