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A P R I L / M A Y 2 0 1 9
In the past, the region saw thousands of
garimpeiros, or artisanal miners, seeking
alluvial gold. During the 1980s and 90s,
some 7-10 million ounces of placer gold
was recovered from streams. Today, most
of the artisanal miners are gone and the
region known as the Alta Floresta/Juruena
belt is home to a number of major mining
companies, including Anglo American,
exploring for gold and copper deposits.
Of note, Altamira is the only junior in this
huge prospective region.
The company holds 11 projects com
-
prising approximately 300,000 hectares
and recently added 42,000 hectares to
its Apiacas claim package along the Alta
Floresta belt. An estimated 1 million
ounces of placer gold has been recovered
from streams in the Apiacas Project area
belt.
Recent surface sampling by Altamira
on its Apiacas property returned assays
ranging from 0 to 46.1 g/t gold from nine
grab samples in a total of 17 samples from
the Paulinho Troca-Tiro target. Company
geologists also identified widespread dis
-
seminated gold mineralization over several
square kilometres at the Mutum target.
Altamira has also received encourag-
ing assays from the northeast corner of
the Apiacas claims, including 12 samples
ranging from 3 to 118.7 g/t gold at the
Papagaio target as well as good gold values
from other structures and veins, includ
-
ing Bragatte, Casa Branca and Joao Fidelis.
While no drilling has been completed
as of yet on the above targets, an esti-
mated 90% of the placer gold mined in
the district is believed to have originated
from the company-owned Mutum target
area. Geological mapping and sampling is
underway with the objective of finding the
ALTAMIRA GOLD
— Multiple Brazilian gold and copper prospects
by Ellsworth Dickson
WITH SEVERAL OF ITS EXPLORATION PROJECTS ALONG THE MATO GROSSO-PARA STATE BORDER
AND WITHIN MATO GROSSO ITSELF, IN WEST-CENTRAL BRAZIL, ALTAMIRA GOLD CORP. [ALTA-TSXV;
EQTRF-OTC; T6UP-FSE] IS FOCUSED ON THE EXPLORATION AND DEVELOPMENT OF GOLD AND
POSSIBLY COPPER DEPOSITS IN THIS PRIMARILY AGRICULTURAL AND CATTLE RANCHING REGION.
