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Altamira Gold Intersects Disseminated Sulphide Mineralization in Initial Diamond Drill Holes at the Apiacas Project
Vancouver, British Columbia--(Newsfile Corp. - November 3, 2021) - Altamira Gold Corp. (TSXV:...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Intersects Disseminated Sulphide Mineralization in Initial Diamond Drill Holes at the Apiacas ProjectVancouver, British Columbia--(Newsfile Corp. - November 3, 2021) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to provide an update regarding drilling at the central part of the Mutum target area in the Apiacas Project area, which historically produced an estimated 1 million ounces of placer gold. The project is located within the Alta Floresta Gold Belt in Northern Mato Grosso, Brazil.HighlightsInitial diamond drilling at the Mutum target has intersected several zones of disseminated sulphide mineralization associated with shear zones within altered granitic rocks. Thus far, five diamond drill holes totaling 1,003 metres have been completed within the area initially permitted for drilling within the central part of the Mutum target, Apiacas ProjectAll holes have been drilled to investigate both the chargeability anomalies identified in the IP survey completed in August 2021 and the depth extension of the surface gold mineralization seen in channel samples and artisanal workings which include 12m @ 2.00 g/t gold (see June 4, 2019 news release for more information)An application has been submitted to the local environmental authority, SEMA, to expand the area presently permitted for drilling. The expanded permit area will enable Altamira to both extend the drilling over a further 1.3 kilometers of east-west strike length within the target area and to access priority drill targets in areas where interpreted mineralized structures intersectSoil sampling over three new areas covering a total of 8,000 hectares, both to the west and the east of the Mutum target has been completed. A total of 3,724 soil samples have been collected over three areas to date and results are expected shortlySoil sampling, trenching and geological mapping are also being accelerated at the Santa Helena Project to define drill targets with the objective of commencing drilling during Q1 2022 Michael Bennett, President and CEO of Altamira Gold commented \"The initial diamond drill holes at Mutum have intersected broad zones of disseminated sulphide mineralization and we look forward to receiving the geochemical results. At the same time, the environmental applications that are in proc...