Altamira doubles drilling at Cajueiro gold project with second rig mobilized

Altamira Gold doubles its drill rate at the Cajueiro gold project in Brazil after mobilizing a second rig to expand resources and test new porphyry targets across the 15-km gold corridor.

Altamira Gold Corp. (TSX-V: ALTA) has mobilized a second diamond drill rig at its Cajueiro gold district in western-central Brazil, aiming to expand the project’s resource base and test newly identified porphyry-style gold targets across the 15-kilometre-long mineralized corridor.

The new rig will focus on the central resource area and several porphyry targets defined over the past year, complementing ongoing drilling at Maria Bonita.

“With one rig currently drilling at Maria Bonita and the second moving to the central resource and nearby porphyry targets, we’re effectively doubling our current drill rate,” said Mike Bennett, President and CEO of Altamira Gold.

“This approach allows us to build on the strong results from Maria Bonita while aggressively testing the broader district potential.”

Expanding Cajueiro’s central resource

Drilling will aim to extend higher-grade mineralization down-dip within the central zone and test for new porphyry gold centers that may be the source of historical alluvial workings in the area.

The Cajueiro central resource currently hosts:

• Indicated: 5.66 million tonnes @ 1.02 g/t gold for 185,000 oz Au
• Inferred: 12.66 million tonnes @ 1.26 g/t gold for 515,000 oz Au

Recent mapping and geophysical work have highlighted the Tavares Norte porphyry as one confirmed gold center, with additional targets under review along the east-west corridor that has yielded significant alluvial gold in the past.

Building a larger resource footprint

As previously reported, Altamira’s strategy at Cajueiro is to enlarge the project’s mineral resource footprint and define its depth extent through systematic drill testing. The company’s exploration efforts are now targeting extensions of existing deposits as well as new satellite zones within the broader district.

Located in Brazil’s Mato Grosso state, the Cajueiro project is part of a portfolio of five gold projects covering more than 100,000 hectares.

With the addition of a second rig, Altamira expects to accelerate drilling results and deliver resource updates as exploration advances toward district-scale definition.