Vancouver, British Columbia– announces that the Company has raised an additional $1,104,490 in the past few days bringing proceeds from recent warrant exercises to $2,537,077.
Of this total, the CEO of the Company exercised a total of 672,800 warrants representing proceeds of $100,920, and the Company’s Chairman exercised a total of 400,000 warrants representing proceeds of $60,000.
Recent surface mapping has delineated a large area of pyritic mineralisation and sericitic alteration in addition to extensive historic artisanal colluvial gold workings over an area encompassing several square kilometres.
The Mutum gold target is part of the Apiacas Project located 50km west of Altamira’s Cajueiro gold project which hosts 43-101 compliant indicated resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz and inferred resources of 12.66Mt @ 1.26 g/t gold for a total of 515,000oz.
In 2019, geological mapping outlined an area of pervasive disseminated gold mineralization over at least 4 km2 at Mutum.
Guillermo Hughes, P.
The Company’s advanced Cajueiro project has NI 43-101 resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future exploration drill program.
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