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Altamira Identifies Major Gold-in-Soil Anomaly at Maria Bonita Target, Cajueiro Gold Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - October 28, 2020) - Altamira Gold Corp.'s (TSX...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Identifies Major Gold-in-Soil Anomaly at Maria Bonita Target, Cajueiro Gold Project, BrazilVancouver, British Columbia--(Newsfile Corp. - October 28, 2020) - Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce the receipt of gold results from three new soil lines at the Maria Bonita target within the Cajueiro gold project in Brazil. Highlights:A major new gold-in-soil anomaly has been identified in the Maria Bonita area of the Cajueiro project. No drilling or trenching has ever been previously conducted in the areaThree new N-S trending soil lines have been completed at Maria Bonita which is located 4.5km north-west of the area comprising the Cajueiro resource area which includes the Crente, Baldo, Marines and Matrincha gold zones 76% of the soil samples returned highly anomalous gold values above 100ppb gold up to a maximum of 3.1 g/t gold in soils. These results are higher than the previous gold-in-soil values obtained elsewhere over the Cajueiro resource area. The gold-in-soil anomaly is currently 700 x 1000m in size, making it the largest anomaly at Cajueiro, and is open to both the east and the westFurther soil sampling is planned in order to determine the western and eastern limits of this major gold-in-soil anomaly but the size and strength of the anomaly suggests a significant source and in all likelihood explains the placer gold that was historically mined in this part of the Cajueiro concessionMichael Bennett, President and CEO, stated, \"The new soil lines at Maria Bonita have revealed a much larger and stronger soil anomaly than was previously known and the gold values in soils are higher than the values that exist directly above the known mineralized zones which are located 5km to the east and comprise the current resource base. This is a very exciting development and suggests the possible existence of an additional deposit within the Cajueiro project. Further soil sampling will be required to define the eastern and western limits to the gold-in-soil anomaly followed by trenching and drilling.\"Gold-in-Soil Results from Maria Bonita target at the Cajueiro projectThe Maria Bonita target area is located approximately 5km north-west of the current resource base at Cajueiro which includes the Crente, Marines, Matrincha and Baldo mineralized ...