Business
Altamira granted extension to Porta Aberta claim where recent sampling returns values up to 242.8g/t gold on surface, Brazil
Vancouver, British Columbia--(Newsfile Corp. - October 31, 2018) - Altamira Gold Corp. (T...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira granted extension to Porta Aberta claim where recent sampling returns values up to 242.8g/t gold on surface, BrazilVancouver, British Columbia--(Newsfile Corp. - October 31, 2018) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce that it has been granted a 2 year extension to the Porta Aberta claim block which is located 13km SSW of Altamira's flagship Cajueiro project (Figure 1) located in the north of the Alta Floresta Belt, in the state of Mato Grosso, Brazil. (Figure 1 - Location of the Porta Aberta project in the north of the Alta Floresta Belt)Figure 1 - Location of the Porta Aberta project in the north of the Alta Floresta BeltTo view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4500/40715_a9439daa64dfeb32_001full.jpgHighlights are as follows: -The Porta Aberta claim blocks amounting to 1,521ha and located 13km SSW of the Cajueiro project area have been extended for a further two years Recent reconnaissance work by Altamira suggests the presence of a series of high-grade veins with gold values ranging from 0.5g/t - 242.8g/t gold from a total of 12 surface rock samples taken within a NNW trending shear zone over a distance of approximately 2.5kmThree of twelve samples returned values of 199.3g/t, 202.1g/t and 242.8g/t gold from poorly exposed NE trending veins within weathered granitic rocks over a distance of 800m (Figure 2 - The Porta Aberta project showing historic placer workings and location of surface samples with gold values.)Figure 2 - The Porta Aberta project showing historic placer workings and location of surface samples with gold values.To view an enhanced version of Figure 2, please visit:https://orders.newsfilecorp.com/files/4500/40715_a9439daa64dfeb32_002full.jpgThe Porta Aberta project area is characterized by extensive historic placer workings which produced an estimated 500kg of gold and cover an area of several square kilometers. Outcropping gold mineralization appears to be confined to a series of quartz-sulphide veins within a NNWtrending shear zone characterized by silica-sericite-pyrite alteration which has been traced for 2.5km and is open to the north and south. The width of the shear zone and the width and extent of individual veins within the zone is, as yet, unknown. Reconnais...