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Altamira Gold Mobilizes Drill Rig to Cajueiro Gold District, Brazil
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - Altamira Gold Corp. (TSXV: ALTA)...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Mobilizes Drill Rig to Cajueiro Gold District, BrazilVancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTCID: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce the mobilization of a diamond drill rig to the Cajueiro gold Project, in Brazil. Drilling will initially focus on testing depth and lateral extensions to the recently defined maiden mineral resource at Maria Bonita, followed by the drill testing of several recently identified porphyry targets within the Cajueiro district.Highlights:A diamond drill rig has been mobilized to the Cajueiro Gold District. An initial 3000m program of eight holes is planned to test for extensions to the recently identified Maria Bonita gold deposit, which remains open to the west, south and at depthMaria Bonita is the first of nine porphyry-gold targets that have been identified so far within the Cajueiro District, with maiden drill programs planned on a number of these targets in the coming monthsTo support the forthcoming drill program and expedite logistics, the Company has commenced construction of a simple and fit-for-purpose development camp at Maria Bonita CEO Mike Bennett commented; \"Following the recent successful and over-subscribed private placement financing, we are mobilizing an initial diamond drill rig to the Cajueiro Gold District. Drilling will commence with target extensions to the Maria Bonita gold deposit. We have some very promising opportunities to extend the drill coverage laterally and at depth where the current resource shell is unconstrained. Following the commencement of the drill program at Maria Bonita, the program will expand to include several of the other identified peripheral porphyry gold targets within the Cajueiro district. This should result in a regular stream of drill results over the coming months.\" CAJUEIRO DISTRICTThe Cajueiro district is located approximately 75km NW of the town of Alta Floresta in the state of Mato Grosso (Figure 1) in central western Brazil. The project is easily accessible by road, lies on open farmland and has grid power and a local water supply (Figure1).Figure 1: Location of the Cajueiro District and other Altamira licences.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4500/259112_ae768e1614e...