- Altamira Gold (ALTA) has intersected several zones of disseminated sulphide mineralization associated with shear zones at its Apicacas Project
- The project is located within the Alta Floresta Gold Belt in Northern Mato Grosso, Brazil
- The results stem from drilling at the central part of the Mutum target area in the Apiacas Project area
- The area historically produced an estimated 1 million ounces of placer gold
- Altamira Gold is unchanged, trading at $0.23 at 1:43 pm ET
Altamira Gold (ALTA) has intersected several zones of disseminated sulphide mineralization associated with shear zones at its Apicacas Project.
The project is located within the Alta Floresta Gold Belt in Northern Mato Grosso, Brazil.
The results stem from drilling at the central part of the Mutum target area in the Apiacas Project area.
The area historically produced an estimated 1 million ounces of placer gold.
Initial diamond drilling has been limited to the areas with active drill permits covering the central one-kilometre east-west corridor within the Mutum target.
Initial diamond drilling at the Mutum target has intersected several zones of disseminated sulphide mineralization associated with shear zones within altered granitic rocks.
So far, five diamond drill holes totalling 1,003 metres have been completed within the area initially permitted for drilling within the central part of the Mutum target, Apiacas Project
An application has been submitted to the local environmental authority, SEMA, to expand the area presently permitted for drilling.
Soil 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 shortly.
“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 process will more than double the available area for drill testing to the west. While diamond drilling continues to test the Mutum target, three new target areas within the Apiacas Project have been mapped and soil sampled and will progress to trenching and drilling in the near future. We are also advancing drill targets at the Santa Helena project,” said President and CEO Michael Bennett.
Altamira Gold is unchanged, trading at $0.23 at 1:43 pm ET.