May 12th, released results from initial reconnaissance drilling below the western edge of the Maria Bonita mineral resource, which intersected a wide interval of porphyry mineralization, including an interpreted preserved portion of an early phase of the porphyry.
Beyond the Headline
On May 12th, Altamira released results from initial reconnaissance drilling below the western edge of the Maria Bonita mineral resource, which intersected a wide interval of porphyry mineralization, including an interpreted preserved portion of an early phase of the porphyry. This intercept lies 100m below and to the west of the previously estimated mineral resource and is a separate body of early-stage porphyry.
Drill hole MBA036 returned 70.6m @ 0.5g/t gold from 277m downhole to the end of hole, plus 19m @ 0.5g/t gold from 239m in quartz veined rhyolite porphyry. The style of mineralization is similar to the early-stage sheeted quartz vein and stockwork mineralization found in the core of the Mara Bonita mineral resource. Importantly, this intercept demonstrates continuity of the porphyry complex to the west and preservation of early phases containing consistent gold mineralization.
Comments
This is a terrific project with tremendous bulk tonnage gold potential in an area with good infrastructure. The project just needs lots of drilling.
Figure 1
Source: Altamira Gold
Figure 2
Source: Altamira Gold
