Porphyry and Epithermal Systems
Search documents
Altamira Gold Welcomes Leading Authority on Porphyry Deposits Dr. Richard Sillitoe as Technical Advisor
Newsfile· 2025-12-03 12:30
Core Viewpoint - Altamira Gold Corp. has appointed Dr. Richard Sillitoe as a technical advisor to enhance exploration efforts in its Cajueiro Porphyry Gold District in Brazil [1][5]. Group 1: Appointment of Dr. Richard Sillitoe - Dr. Richard Sillitoe is a leading authority on porphyry and epithermal systems with over five decades of experience [2]. - He has contributed to the discovery and advancement of major copper and precious metal deposits globally, working with various mining companies and agencies [2]. - His extensive publication record includes over 130 technical papers and several books, earning him multiple industry awards [3]. Group 2: Company’s Exploration Efforts - The company is currently drilling at the Maria Bonita and Cajueiro Central deposits using two rigs [6]. - The Cajueiro project contains significant mineral resources, including 5.66 million tonnes at 1.02 g/t gold (185,000 oz) in the Indicated Resource category and 12.66 million tonnes at 1.26 g/t gold (515,000 oz) in the Inferred Resource category [8][10]. - The Maria Bonita deposit has additional resources of 24.19 million tonnes at 0.46 g/t (357,800 oz) in the Indicated category and 25.64 million tonnes at 0.44 g/t (362,400 oz) in the Inferred category [10]. Group 3: Potential and Strategic Positioning - Ongoing exploration indicates multiple porphyry gold systems, reinforcing the potential for district-scale development [11]. - The region has a historical yield of over 6 million ounces of placer gold, highlighting its exceptional gold endowment [8]. - The company is well-positioned to unlock further value across its extensive land package, supported by a highly prospective geological setting and a track record of significant discoveries [11].