- Altamira Gold Corp. (EQTRF, Financial) announces new porphyry-related gold discoveries at Cajueiro project, Brazil.
- New targets Serafim and Tavares Norte show high gold grades of 5.6 g/t and 7.8 g/t, respectively.
- Cajueiro project holds an existing NI 43-101 resource of 700,000 oz of gold.
Altamira Gold Corp. (EQTRF) has reported significant new discoveries of porphyry-related gold mineralization near its Cajueiro Central Mineral Resource in Brazil. The company highlighted promising results from two newly defined target areas, enhancing the district's potential.
At the Serafim target, located 2km east of the current resource, rock chip sampling revealed a hydrothermal breccia with clasts of veined porphyry intrusive, yielding a grab sample of 5.6 g/t gold. Meanwhile, the Tavares Norte prospect demonstrated an average of 3.2 g/t gold from rock samples, with the highest reaching 7.8 g/t gold. A trench in this area outlined significant mineralized intervals, with a 31m stretch averaging over 0.25 g/t gold.
The Cajueiro project, positioned 75km northwest of Alta Floresta in Brazil, currently boasts a substantial NI 43-101 resource estimate of 185,000 oz in the Indicated category (5.66Mt @ 1.02 g/t gold) and 515,000 oz in the Inferred category (12.66Mt @ 1.26 g/t gold). The project area includes eight new drill target zones, extending over a 14km east-west corridor.
Further exploration continues to identify new drilling targets in the Cajueiro district, which is supported by robust infrastructure including road access, grid power, and water supply. Altamira Gold aims to expand its understanding of the region's geology and confirm the continuity of mineralization through additional drilling initiatives.
