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Altamira Gold Announces Cajueiro Gold Project Updated in Brazil

Mining News - Published on Mon, 14 Oct 2019

Image Source: mining.com
Altamira Gold Corp's announced that it has received the results of the new resource estimate from Global Resource Engineering Ltd for its advanced Cajueiro project in northern Mato Grosso state in western Brazil.

Highlights are as follows:
• The 2019 Inferred resources represent a 83% increase in the total amount of contained ounces of gold and a 61% increase in the gold grade
• Inferred resources total 12,665,000t @ 1.26 g/t gold for a total of 515,000oz of gold of which 1,673,000t @ 1.12 g/t gold (for 60,000 oz) is weathered rock and 10,992,000t @ 1.29 g/t (for 455,000oz) is fresh rock
• The 2019 Indicated resources represent a 13.5% decrease in the total amount of contained ounces but also represent a 33% increase in grade
• Indicated resources total 5,661,000t @ 1.02 g/t gold for a total of 185,000 oz of gold of which 854,000t @ 0.92 g/t gold (for 25,000 oz) is weathered rock and 4,806,000t @ 1.04 g/t (for 160,000 oz) is fresh rock
• The 2019 resource estimate includes several deposits which are all open at depth and are confined to an area of 285 ha. The Cajueiro concession area is largely unexplored and totals 39,053 ha with numerous untested gold-in-soil anomalies

Source :

Posted By : Rabi Wangkhem on Mon, 14 Oct 2019
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