Welcome to our dedicated page for ALTAMIRE GOLD ORD news (Ticker: EQTRF), a resource for investors and traders seeking the latest updates and insights on ALTAMIRE GOLD ORD stock.
Altamira Gold Corp. (EQTRF) is a Canadian exploration company focused on gold and copper projects in central western Brazil. The company's flagship project, Cajueiro, boasts significant mineral resources in both Indicated and Inferred categories. Exploration efforts have led to the discovery of the Maria Bonita gold deposit, showcasing consistent gold mineralization in quartz stockwork veining systems within rhyolitic intrusive rocks. Recent diamond drilling programs have yielded promising results with thick mineralized intervals and high-grade gold intersections, indicating the presence of a substantial mineralized system. Ongoing drilling campaigns aim to delineate the extent and continuity of mineralization for future resource estimation. Altamira Gold Corp. places emphasis on identifying potential higher-grade feeder zones and optimizing gold recovery through metallurgical testing and detailed geological modeling.
Altamira Gold has identified a third center of hydrothermally altered and veined porphyry rocks at the Espirro target within the Cajueiro Gold District. Located 3.2km south-east of the Maria Bonita porphyry gold discovery, the Espirro target shows large blocks of float up to 50cm in size and features a magnetic low anomaly that correlates with historic placer workings. The area extends over 35 hectares, suggesting a significant primary source. This discovery follows the identification of a second intrusive porphyry system at the Mombaque target, validating Dr. Richard Sillitoe's prediction of multiple intrusive porphyry systems at Cajueiro.
Altamira Gold Corp. (TSXV: ALTA) (OTC Pink: EQTRF) has announced progress in evaluating porphyry-related gold mineralization at its Cajueiro project. Key highlights include:
- A coherent gold-in-soil anomaly measuring up to 600m by 500m has been defined at the Mombaque prospect, 1.6km east of the Maria Bonita porphyry gold discovery
- The anomaly coincides with sericite-altered volcanic tuffs and breccias, underlain by felsic intrusives similar to Maria Bonita
- Rock chip sampling revealed porphyry-style quartz veining with anomalous gold
- A coincident magnetic anomaly and altered rocks make Mombaque a compelling drill target
- The findings suggest porphyry-style gold mineralization at Cajueiro extends over a wider area than initially thought
CEO Mike Bennett stated that this development could indicate multiple porphyry gold deposits at Cajueiro, expanding beyond the Maria Bonita system where recent drilling yielded 146m @ 1 g/t gold.
Altamira Gold Corp. (TSXV: ALTA) (OTC Pink: EQTRF) has discovered new porphyry outcrops 1.6km east of the Maria Bonita discovery within the Cajueiro project in Brazil. This suggests the mineralizing system may be larger than previously thought. Key points:
1. New outcrops show highly altered and brecciated porphyritic intrusive rock with extensive sericitic alteration and quartz veining.
2. Recent drilling at Maria Bonita intersected 146m @ 1g/t gold.
3. Cajueiro project has current NI 43-101 resources of 185,000 oz Indicated and 515,000 oz Inferred.
4. Structural and geophysical studies identified several new targets within the Cajueiro - Maria Bonita area.
5. A magnetic body 2km south-east of Maria Bonita may be related to a causative porphyritic intrusive.
Altamira Gold Corp. (TSXV: ALTA, OTC Pink: EQTRF) has provided an update on its exploration activities at the Cajueiro and Apiacas projects in Brazil. Key highlights include:
1. Final drill results from Maria Bonita discovery at Cajueiro, with 32.7m @ 0.53 g/t gold in MBA030 and 46.5m @ 0.50 g/t gold in MBA031.
2. New Casa Branca target discovered at Apiacas, with surface samples averaging 14.5 g/t gold, including two high-grade values of 69 g/t and 52 g/t gold.
3. Mineralization at Casa Branca is similar to the Mutum target, occurring in sericite-altered porphyritic intrusive rocks with pyritic sulphides.
4. Ongoing analysis and interpretation of drill results at Maria Bonita to define potential zones for further drilling.
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.
FAQ
What is the current stock price of ALTAMIRE GOLD ORD (EQTRF)?
What is the market cap of ALTAMIRE GOLD ORD (EQTRF)?
What is Altamira Gold Corp. focused on?
Where is the company's flagship project located?
What recent discovery has Altamira Gold Corp. made?
What are the key highlights of Altamira Gold Corp.'s diamond drilling programs?