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Altamira Gold Drills 69m @ 1.0 g/t gold and 71m @ 0.6 g/t Gold in Step-Out Drillholes at the Maria Bonita Target, Confirming the Discovery of a Significant Gold Mineralized System at the Cajueiro project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - January 18, 2023) - Altamira Gold Corp. (TSXV: AL...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Drills 69m @ 1.0 g/t gold and 71m @ 0.6 g/t Gold in Step-Out Drillholes at the Maria Bonita Target, Confirming the Discovery of a Significant Gold Mineralized System at the Cajueiro project, BrazilVancouver, British Columbia--(Newsfile Corp. - January 18, 2023) - 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 the remaining five initial diamond drillholes holes (MBA005 to MBA009) which were recently completed at the Maria Bonita target within the Cajueiro project in Para state, Brazil.Highlights:Drillhole MBA005 returned 69m @ 1.0g/t gold from surface in altered porphyritic intrusive host rocks identical to mineralized rocks intercepted in the previous four holes (MBA001 - MBA004)Drillhole MBA007 intersected 71m @ 0.6g/t gold from 34m down hole in a similar lithology to that of holes MBA001 - MBA0005. The hole also intersected 43m @ 0.5g/t gold below this interval from 105m to the end of the hole at 148m Drillholes MBA005 and MB007 extend the area with known coherent gold mineralization at least 120m to the east of the original drillholes MBA001 - MBA004 The new mineralized system at Maria Bonita, which has remarkably consistent gold grades, remains open in several directions (see Figures 5 and 6) CEO Mike Bennett commented, \"The results from the final five reconnaissance drill holes at Maria Bonita confirm that we have discovered a significant gold mineralized system at Cajueiro which is located just 7 km west of the existing resource base. Whilst the mineralized system remains open in several directions, the initial drill results indicate consistent gold values over broad intervals and the size of the gold-in-soil geochemical anomaly (800 x 800m) means that additional drilling will be required to determine the size of the mineralized system.\"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 central western Brazil and is easily accessible by road and has grid power. Cajueiro forms one of three key projects that Altamira controls in the region, the other two being Apiacas and Santa Helena (Figure 1).Figure 1: Location of the Cajueiro, Apiacas and Santa Helena projects.To view an enhanced version of Figure 1, ple...