ALTA Updated NI 43-101 Expected this week.Take advantage of upcoming news release expected this week. Existing M& I is more than 250,000 oz and they have drilled many golden holes in the last two years.
As per the Last news release the NI 43-101 will be available this week. See the news release attached.
July 16th, 2019 Altamira Gold Corp.’s (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF), (“Altamira” or the “Company”) is pleased to announce that it has hired Global Resource Engineering Ltd. (“GRE”) to complete an updated resource estimate for the Cajueiro gold project located in the northern part of Mato Grosso state in western Brazil. The Cajueiro project is currently Altamira’s key project and comprises NI 43-101 compliant resources of 8.64Mt @ 0.78 g/t Au (for 214,000oz) in the Indicated Resource category and 9.53Mt @ 0.66 g/t Au (for 204,000oz) in the Inferred Resource category and an additional 1.37Mt @ 1.61 g/t Au in oxides (for 79,000oz in saprolite) in the Inferred Resource category.
These resources were calculated by Gustavson and Associates in May 2016 and are based on 10,282m of drilling and 48 drill holes.
Since May of 2016, the Company has drilled an additional 49 diamond drill holes totaling 3,154m and completed 25 surface trenches totaling 4,063m. This work was largely focused on the Baldo East area which is located 500m due east of the existing Baldo resource (see Figure 1) and has resulted in the discovery of several parallel high-grade structures (see press releases dated 1st November 2017, 18th January 2018 and 17th July 2018). All of the data collected since May 2016 will be included in the revised resource estimate which is expected within the next 45 days.
Read more at https://stockhouse.com/companies/bullboard?symbol=v.alta&postid=29954189#2DO1GtzZU8a6jcQV.99