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Altamira Gold Corp ( (TSE:ALTA) ) has shared an update.
Altamira Gold Corp has announced promising results from recent trenching activities at its Cajueiro Central Project, revealing significant extensions to the mineralized structure previously reported. A notable intercept of 17 meters at 1.46g/t gold was discovered 200 meters beyond the current resource limits, indicating potential for substantial resource additions. The company plans further drilling to expand the mineral resource footprint and test new peripheral targets, which may enhance its strategic position in the exploration sector.
More about Altamira Gold Corp
Altamira Gold Corp is a company operating in the mining industry with a focus on gold exploration and production. The company primarily works on projects like the Cajueiro project in central western Brazil, which is its most advanced, alongside other projects such as Apiacas and Santa Helena. Altamira is involved in identifying and extending mineral resources through drilling and trenching efforts.
YTD Price Performance: -8.33%
Average Trading Volume: 77,767
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$22.26M
Find detailed analytics on ALTA stock on TipRanks’ Stock Analysis page.
