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Altamira Gold Identifies High Chargeability Anomaly Beneath Mineralised Intrusive Body at Mutum Target, Apiacas Project
Vancouver, British Columbia--(Newsfile Corp. - June 8, 2021) -   Altamira Gold Corp.'s (T...
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[{"type":"text","content":"Altamira Gold Identifies High Chargeability Anomaly Beneath Mineralised Intrusive Body at Mutum Target, Apiacas ProjectVancouver, British Columbia--(Newsfile Corp. - June 8, 2021) -  Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC PINK: EQTRF) (\"Altamira\" or the \"Company\") is pleased to announce that 11 lines of the Induced Polarization (\"IP\") survey have now been completed over the Mutum gold target at its 100% controlled Apiacas gold project in Brazil. HighlightsFour lines covering the central portion of the target area have been processed and reveal a consistent 500-650 metre wide chargeability anomaly visible below a depth of some 70 metres on all four lines (800 metre E-W strike length and open both to the east and west). The anomaly, which is open at depth, is directly below the mapped and sampled mineralised intrusive which contains gold and has been mapped on surface in the same areaResistivity data for these lines reveals a distinct horizontal change in resistivity readings at between 50-60 metres vertical depth, which is interpreted as the oxide-sulphide interface between the weathered surface intrusive rock where the pyrite has been oxidized and the fresh pyrite-bearing intrusive rock below 70 metres depthTwo new channel samples returned 0.41 g/t Au over 12 metres and 0.90 g/t Au over 6 metres. All of these channels are located some 70 metres vertically above the IP chargeability anomaly on line 4 and are located immediately north of the previous channel sample in the area which returned 2 g/t gold over 12 metresThe chargeability anomalies defined by the IP survey suggest the presence of disseminated sulphide concentrations at depth and surface auriferous channel samples strongly suggest that substantial disseminated sulphide concentrations are correlated with gold mineralizationThe IP survey is ongoing and Altamira Gold expects to have the processed lines from the Western extension of the Mutum target area processed in the next two weeks. The survey is expected to be completed during June in preparation for the stage one drilling programMatt Cooper, Principal at Core Geophysics and a geophysical consultant to the Company commented \"Induced Polarisation Surveys provide a measurement of chargeability and resistivity of the ground. Where there are sulphide concentrations in the bedrock the chargeabi...