Altamira Gold Corp. reports exploration and corporate developments tied to its gold projects in Brazil, with recurring updates centered on the Cajueiro district in Mato Grosso. Company news has focused on diamond drilling, assay results, mineral-resource extension work, and porphyry gold targets including Maria Bonita, Cajueiro Central, Morro Verde, Tavares Norte, Mombaque and Guillermo.
Updates also cover capital actions such as warrant exercises used to support exploration activity, along with board and technical-advisory appointments connected to the company's mineral exploration program. The Cajueiro district is described in company releases as Altamira's most advanced regional project, with defined resources and additional exploration targets around a broader gold-mineralized corridor.
Altamira Gold Corp. has confirmed that the Maria Bonita discovery is a porphyry gold deposit, marking a significant milestone for the company. Expert consultant Dr. R. Sillitoe validated the porphyry origin, highlighting the quartz veinlet intensity and gold grade. Initial diamond drilling revealed consistent gold mineralization with notable intercepts: 146m @ 1.0g/t gold, 50m @ 1.4g/t gold, and others.
The company has engaged A.C.A. Howe and GeophysicsOne to use satellite imagery and aeromagnetic surveys to explore additional porphyry bodies in the Cajueiro district. CEO Mike Bennett emphasized the importance of this discovery, the first of its kind in Brazil, which provides a framework for interpreting drill results and identifying new search areas.
The Cajueiro project, located in central western Brazil, contains significant gold resources with 185,000 oz in the Indicated category and 515,000 oz in the Inferred category. Initial metallurgical tests at Maria Bonita showed high gold recoveries of up to 90%.
Altamira Gold announced results from 12 additional drill holes at the Maria Bonita gold discovery in the Cajueiro Project, Brazil.
Key highlights include MBA029, which returned 146m @ 1.0 g/t gold from 23m depth, with a peak value of 2.4 g/t gold. This hole also showcased a broader zone of 213m @ 0.8 g/t gold, suggesting the mineralized body remains open at depth.
Other significant results include:
MBA016: 90m @ 0.6 g/t Au from 14m
MBA018: 105m @ 0.5 g/t Au from 23m
MBA020: 72m @ 0.4 g/t Au from 59m
MBA022: 53m @ 0.7 g/t Au from surface
CEO Mike Bennett highlighted the continuity and depth of the mineralization, confirming it remains open to the north, south, and at depth.
The Cajueiro project has NI 43-101 resources of 5.66Mt @ 1.02 g/t gold (Indicated) and 12.66Mt @ 1.26 g/t gold (Inferred).
A three-dimensional geological model is being updated to guide future drilling and resource estimation.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.