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Altamira Gold Discovers Copper-Gold Porphyry- Style Stockwork Mineralization at the Santa Helena Project
First Phase Drill Program Commences Vancouver, British Columbia--(Newsfile Corp. - December 1...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Discovers Copper-Gold Porphyry- Style Stockwork Mineralization at the Santa Helena ProjectFirst Phase Drill Program CommencesVancouver, British Columbia--(Newsfile Corp. - December 1, 2021) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce the commencement of an initial drill campaign at its Santa Helena porphyry copper-gold project in Mato Grosso State, Northern Brazil.Highlights:Recent channel sampling at the Gabriel target has exposed a zone of copper and gold bearing quartz stockwork mineralization that extends over at least 100m and is open in every directionThis type of alteration is characteristic of porphyry copper deposits and is similar to that seen on surface at the recently discovered Jaca porphyry copper deposit in the same district, which was discovered by Anglo American CorporationThe stockwork mineralization observed on surface is coincident with strong chargeability and resistivity IP anomalies which extend under shallow cover and extend to depthDiamond drilling at Santa Helena has commenced aimed at testing the depth extent of the porphyry-style alteration at surface which is coincident with a significant chargeability anomaly at depthSANTA 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). Previous artisanal mining activity has focused on high-grade gold hosted in vein structures. However, mapping, soil and rock chip sampling by Altamira has identified both extensions to the known vein gold targets plus significant copper, molybdenum and gold anomalies in soils related to areas of porphyry-style alteration in a zone which extends 7km E-W by 4 km N-S, indicating the presence of a very large hydrothermal system. Figure 1: Regional Map showing the location of the Santa Helena, Apiacas (drilling in progress) and Cajueiro projects. Drilling is now in progress at Apiacas (Mutum target) and Santa Helena.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4500/106065_be38fde244a6f905_001full.jpgThe area consists of undulating farmland with generally poor outcrop and deep weathering. Thus far, ...