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Altamira Gold Drills 45m @ 1.4 g/t Gold and 50m @ 1.1 g/t Gold from surface at the New Maria Bonita Discovery, Cajueiro Project, Brazil and Confirms Continuity and Consistency of Mineralization
Vancouver, British Columbia--(Newsfile Corp. - November 16, 2022) - Altamira Gold Corp. (TSXV...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Drills 45m @ 1.4 g/t Gold and 50m @ 1.1 g/t Gold from surface at the New Maria Bonita Discovery, Cajueiro Project, Brazil and Confirms Continuity and Consistency of MineralizationVancouver, British Columbia--(Newsfile Corp. - November 16, 2022) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce that it has received assay results from two additional diamond drill holes (MBA003 and MBA004) which were recently completed at the Maria Bonita target, which forms part of the Cajueiro project located in Para state, Brazil. Highlights:Drillhole MBA003 returned 45m @ 1.4g/t gold from surface in a strongly altered porphyritic intrusive host rock, crosscut by several phases of quartz veining Drillhole MBA004 intersected 50m @ 1.1g/t gold from surface in a similar lithology to that of MBA003 Drillholes MBA003 and MBA004 returned results similar to the first two drillholes (MBA001 and MBA002) at Maria Bonita which previously returned 50m @ 1g/t gold and 55m @ 1g/t gold respectively. Gold values in both of the new holes are also very consistent with peak values of 2.7 and 2.1 g/t gold for holes MBA003 and MBA004 respectivelyThe Maria Bonita soil anomaly is 800 x 800m (open) in size and has not been previously drill tested. All four initial drillholes have now returned thick intervals in the order of 50m from surface with average gold grades of approximately 1g/t CEO Mike Bennett commented; \"These new results from holes 3 and 4 at Maria Bonita confirm the significant gold grades encountered in the first two drill holes, and support our belief that Maria Bonita represents a significant discovery for the Company. The quartz stockwork style of gold mineralization in porphyritic rocks, together with the size of the gold-in-soil anomaly (800 x 800m), is indicative of a significant mineralized system which is open in all directions. Given the consistency and continuity of mineralization found in the first four holes, we have commissioned preliminary metallurgical characterisation tests on mineralized core samples. The results of an additional five initial drill holes which were recently completed at Maria Bonita are awaited\".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...