Altamira Gold says it has 'drill-ready' options following encouraging results from Santa Helena
Vancouver
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August 11, 2023 02:33 PM Eastern Daylight Time
Altamira Gold Corp CEO Michael Bennett joined Proactive's Stephen Gunnion with an update on the exploration program for copper and gold at the company's Santa Helena project in Brazil in Mato Grosso State.
Bennett said exploration results have confirmed the coincidence of anomalous geochemical and geophysical responses at all three new areas surveyed using ground magnetics and add to the compelling target previously identified in Area 1.
Altamira now has an impressive inventory of "drill-ready" options to test for porphyry-style copper mineralization, he added.
The regional structural location, and widespread association with large-scale alteration features, consistent with porphyry-style intrusive systems are very encouraging at this stage of exploration, Bennett said in a statement. The design of a scout drilling programme is underway.
"We continue to advance our copper exploration activities in parallel with our main focus at the Maria Bonita gold discovery," he said.
Bennett also provided an update on ongoing exploration at the company's main Cajueiro gold project.
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