This work is being conducted in parallel with ongoing exploration at the Company's main Cajueiro gold project.
Highlights:
Ground magnetic work has been completed at three further copper-in-soil anomalies at the Santa Helena project (Areas 2, 3 and 4), and has revealed the presence of coincident magnetic anomalies.
These coincident copper-in-soil and magnetic targets add to the excellent coincident anomaly already defined in Area 1 and have signatures that are considered to be consistent with inferred porphyry settings.
A drill programme is being designed to test these targets. Exploration continues in the south of the project area to follow-up widely spaced copper-in-soil anomalies.
Consultant geologist
CEO
Ground magnetic surveys have been completed over Areas 2, 3 and 4 using survey lines, oriented north-south, separated by 50m and with readings every second at walking pace. The data was quality controlled and analysed by consultant geophysicist
Area 2 shows a coherent copper-in-soil anomaly, oriented NE-SW with a long axis dimension of 600m and a peak copper value of 170ppm. Prior drillholes to the north and northwest were directed at quartz vein structures associated with garimpo workings. The ground magnetic data suggests that the copper anomaly is broadly coincident with two lozenge-shaped, and inferred fault-controlled, low magnetic responses. Within and adjacent to these extensional structures are smaller zones of higher magnetic responses, interpreted as possible intrusive centres, around which hydrothermal alteration effects have caused demagnetisation. The intersection of two sets of structural trends, one of which is the dominant NE-SW regional structure, is interpreted as a favourable setting for the emplacement of an intrusive (porphyry). Three separate scout drill targets are identified at this prospect
About
The Company is focused on the exploration and development of gold projects in central
Contact:
Tel: 604.676.5660
Email: info@altamiragold.com
Forward-Looking Statements
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Except as required by law, we do not undertake to update these forward-looking statements.
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