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Altamira Gold Identifies Second Significant Copper Anomaly at the Santa Helena Project
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - Altamira Gold Corp. (TSXV: AL...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Identifies Second Significant Copper Anomaly at the Santa Helena ProjectVancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC PINK: EQTRF), (\"Altamira\" or the \"Company\") is pleased to provide an update on its ongoing exploration programme for copper and gold at the Santa Helena project in Mato Grosso State, Northern Brazil. Highlights:Additional soil sampling in the Santa Helena project has defined a significant second copper-in-soil anomaly and also confirmed consistent copper values in the original soil anomaly. Both are being prepared for drill testing These anomalies measure 500 by 500m and 800 by 600m respectively and have consistent soil values above 46ppm with a peak of 448ppmBoth copper-in-soil anomalies have associated NE/SW trending gold vein occurrences on their periphery. Scout drilling of these gold vein systems has identified porphyry-style alteration and veining in wall-rocks to the mineralized veins. Both molybdenite and chalcopyrite have been identified in these veinsConfirmation of the prospectivity of the Santa Helena project for the preservation of proterozoic porphyry-style mineralization provides Altamira Gold with an exciting new target in addition to the high-grade gold and base metal veins already identified CEO Mike Bennett commented; \"The definition of a second significant copper-in-soil anomaly adjacent to our existing gold targets, and in association with porphyry-style alteration in drill core, is an exciting development and suggests that there is significant copper potential within our licenses at Santa Helena. The preservation of the upper and generally higher-grade parts of such alteration systems is rare in rocks of this age. However, the thick volcanics and sedimentary cover sequences that we believe formerly covered the area, appear to have contributed to the preservation of the prospective structural level where porphyry mineralization can be found. We look forward to drill testing these targets in a cost effective and speedy manner whilst we wait for drill results on a number of the peripheral gold targets\".SANTA 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 d...