A major staking rush started in this historical placer gold district after Anglo American discovered a big copper gold porphyry deposit
One company already had been buying up land in the area before that discovery, and their recent exploration is pointing at two more
/1
One company already had been buying up land in the area before that discovery, and their recent exploration is pointing at two more
/1
The Alta Floresta belt in Brazil saw up to 10Moz placer gold production in the 80s and 90s and @AltamiraGold controls 190,000ha of it
$ALTA.V
The district started heating up after Anglo's Jaca porphyry discovery as Anglo, Rio and Nexa started gobbling up the area after that
2/
$ALTA.V
The district started heating up after Anglo's Jaca porphyry discovery as Anglo, Rio and Nexa started gobbling up the area after that
2/
At their Santa Helena project - 60km from Jaca - we're awaiting the first drill results from 23 diamond drill cores
The project has similar rocks as seen at Jaca and surface sampling identified gold, copper and molybdenum that are associated with porphyry mineralisation
/3
The project has similar rocks as seen at Jaca and surface sampling identified gold, copper and molybdenum that are associated with porphyry mineralisation
/3
That's not all they've got going for them
We recently saw the first of 9 holes in the Maria Bonita prospect on their Cajueiro project
This project has a good starter resource of 700koz @ 1.2g/t Au
Maria Bonita is the 800x800m red blob 6km to the NW of resource area
/4
We recently saw the first of 9 holes in the Maria Bonita prospect on their Cajueiro project
This project has a good starter resource of 700koz @ 1.2g/t Au
Maria Bonita is the 800x800m red blob 6km to the NW of resource area
/4
Sampling showed higher gold values than at the resource area and first holes are hinting at a rich deposit
From surface:
-50m of 1g/t Au + 71.4m of 0.3g/t
-69.5m of 0.9g/t Au + 25m of 0.7g/t
-45m of 1.4g/t Au
-50m of 1.1g/t Au + 72m of 0.64g/t
3 ended in mineralisation
/5
From surface:
-50m of 1g/t Au + 71.4m of 0.3g/t
-69.5m of 0.9g/t Au + 25m of 0.7g/t
-45m of 1.4g/t Au
-50m of 1.1g/t Au + 72m of 0.64g/t
3 ended in mineralisation
/5
Next batch will be sensitive for the shareprice as we'll be seeing up to 500m stepout results
If they hit there, then we're talking about not only a rich, but also a large system
The first 4 already prompted management to purchase the surface rights on Maria Bonita prospect
6/
If they hit there, then we're talking about not only a rich, but also a large system
The first 4 already prompted management to purchase the surface rights on Maria Bonita prospect
6/
CEO Bennett that works closely with Rio, Barrick and Goldfields, is set to make a big dime with this company as he owns 10.4M shares
Here we have good potential for two big deposits in a known district, for a mere 29M USD
And I haven't even started on the Apiacas project
Here we have good potential for two big deposits in a known district, for a mere 29M USD
And I haven't even started on the Apiacas project
/end
Loading suggestions...