Altamira Gold (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF) have announced completion of their first phase of trenching for 2018 in the Cajueiro project located north of the Alta Floresta Belt, in the states of Mato Grosso and Para, Brazil.
Seven new trenches were excavated in the Baldo and Matrincha target areas covering a total strike length of 1,218 meters. Three of the trenches were excavated to investigate the eastern extensions of both the Baldo 1 and Baldo 2 mineralized structures in the northern part of the Baldo target and a further three were excavated in the southern part of the Baldo target to investigate the source of high-grade gold in grab samples. The final trench was excavated in the adjacent Matrincha target to the south of the Baldo area.
Highlights:
- Trench TCBL 32 was excavated along the eastern extension of the Baldo 1 structure, some 200 meters east of trench TCBL- 29 which returned 10m @ 1.82 g/t gold and 7m @ 1.79 g/t gold including 1m @ 7.23 g/t gold.
- Trenches TCBL-30 and TCBL-31 were excavated on the eastern extension of the Baldo 2 structure some 200 meters and 400 meters, respectively east of trench TCBL-28, which returned 29m @ 3.03 g/t gold including 7m @ 5.42 g/t gold and 4m @ 8.07 g/t gold.
- Three trenches, TCBL-33, TCBL-34 and TCBL-36 were excavated in the southern part of the Baldo target to investigate grab samples taken previously in the area in 2011-2012, which had returned values of 92.10 g/t Au and 44.45 g/ t Au. The three trenches cover an east-west strike extension of approximately 450 meters where there is no outcrop.
- Trench TCBL-37 was excavated on the western side of the Matrincha target, adjacent to and south of the Baldo target area.
All trenches have now been mapped and sampled and samples have been dispatched to the SGS laboratory in Belo Horizonte for analysis.
Cajueiro Project Map Showing the Extent of the Gold-in-Soil Anomalies in Relation to the Areas Drilled to Date
Michael Bennett, President and CEO of Altamira stated
“the recent trenching program carried out in the Baldo and Matrincha targets in the first half of 2018, covers less than ten percent of the area covered by the gold-in-soil anomalies within the Cajueiro project area. We are extremely encouraged by the exploration progress to date where trenching shows that the gold mineralization is controlled by both the east-west and northeast-southwest structural directions.”
Edited from the official Altamira Gold Corp. press release on July 17th, 2018.
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