Altamira Gold (ALTA.V) on Wednesday said it secured surface access to the western extension of the Cajueiro exploration licenses, including the high-priority Novo Sonho target, located about three-kilometers west-southwest of Maria Bonita, Brazil.
The surface access starts immediately west of the Maria Bonita porphyry gold deposit and extends over an area of 58 square kilometers, it said. The company plans to advance exploration at Novo Sonho through confirmation of the soil anomaly, trenching and scout drilling.
Altamira will also continue resource extension drilling to the west of the Maria Bonita mineral resource where recent drilling found gold mineralization associated with hydrothermal quartz veining, both within and outside porphyry host rocks over significant intervals, it said.
Shares of the company were last seen up C$0.01, or 6.1%, to C$0.175 on the TSX Venture Exchange.
Price: $0.18, Change: $+0.01, Percent Change: +6.06%