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Altamira Gold Identifies New High-Grade Gold and Copper Target with Values up to 124.5 g/t Gold and 2.2% Copper at Santa Helena Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2020) - Altamira Gold Corp. (TSXV: ALT...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Identifies New High-Grade Gold and Copper Target with Values up to 124.5 g/t Gold and 2.2% Copper at Santa Helena Project, BrazilVancouver, British Columbia--(Newsfile Corp. - May 26, 2020) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce the results of surface sampling work at the Santa Helena project in northern Mato Grosso state in western Brazil, and the identification of a new and previously unknown high-grade gold target on surface called Dorival South.Highlights are as follows:Eighteen rock chip samples collected from surface blocks at Dorival South, a new area at Santa Helena, returned gold values ranging from 0.02 to 124.5 g/t goldEleven of these samples were collected from a high-grade vein structure and average 46.8 g/t gold (Table 1). Stockwork quartz veining has been identified 400m to the south-west. Elevated copper values were also returned up to 2.2% copper. This value represents the highest ever copper value reported from the project The identification of the Dorival South target means that highly anomalous gold and copper values have been identified over an area of 7km by 4km suggesting the presence of a very large hydrothermal system. Four main targets with high-grade gold and copper values on surface had been identified at Santa Helena previously and include; Flecha Dourada target: average of 31.2 g/t gold + 0.13% Cu (17 rock chip samples, of which 10 returned values above 10g/t gold) Gabriel target: average of 19 g/t gold + 0.11% Cu (20 rock chip samples, of which 7 returned gold values above 10g/t gold)Dorival target: average of 24.6 g/t gold from 6 rock chip samples Tucura target: average of 7.2 g/t gold from 6 rock chip samplesMichael Bennett, Altamira Gold's President and CEO commented, \"Whilst our focus remains on advancing our Cajueiro gold project to production in 2021, it is important to remember that Altamira owns two other projects that could be company makers, namely Santa Helena and Apiacas. The Santa Helena project is located just 60km southwest of Anglo American's major porphyry copper discovery at Jaca, and could host a porphyry-related gold-copper deposit surrounded by peripheral high-grade gold mineralization. The identification of this new high-grade target at Santa Helena expands the size of the minera...