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Altamira Gold Intersects 131.75m of Disseminated Gold Mineralization in First Drill Hole at Mutum, Apiacas Project
Second drill rig contracted for Santa Helena Project Vancouver, British Columbia--(Newsfile C...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Intersects 131.75m of Disseminated Gold Mineralization in First Drill Hole at Mutum, Apiacas ProjectSecond drill rig contracted for Santa Helena ProjectVancouver, British Columbia--(Newsfile Corp. - November 18, 2021) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC PINK: EQTRF) (\"Altamira\" or the \"Company\") is pleased to announce the results of the first two diamond drill holes at the Mutum target within the Apiacas project area, and to provide an update on exploration at the Santa Helena project. Both projects are located within the Alta Floresta Gold Belt in Northern Mato Grosso, Brazil. Highlights are as follows:Results from the first two diamond drill holes at Mutum confirm the presence of a broad zone of disseminated gold within altered intrusive rocks. Drill hole DDMUT-0001 returned 131.75m @ 0.15g/t gold indicating the potential for significant volumes of primary gold mineralization within the project areaTwo new environmental permits totaling 110 hectares have been received to allow drill access to additional areas of the central zone of the former Mutum alluvial workings which extend over an east-west distance of 6kmA second diamond drill rig has been contracted to begin Altamira's maiden drill program at the Santa Helena project. An initial 2000m of diamond drilling is planned to test both high-grade gold and copper vein mineralization and possible porphyry targets with drilling expected to begin in November 2021Michael Bennett, President and CEO of Altamira Gold commented \"The results of the first drill holes at Mutum are encouraging and demonstrate that primary gold mineralization is disseminated over wide intervals within altered intrusive rocks. Although the average grade encountered in the first drill hole is subeconomic, permitting considerations meant that we were only able to commence drilling on the periphery of the target area at Mutum. The new environmental permits now doubles the area of the central portion of the Mutum target that Altamira can now drill test. At the same time in the Santa Helena Project area, we are preparing to drill test several targets for the first time with porphyry style mineralization and high grade gold and copper veins to be targeted. Diamond drilling of these targets is expected to begin during late November\".MUTUM TARGET, APIACAS PROJECTThe Mutum tar...