Altamira Gold Rallies Over 6% On Strong Drill Results

Shares of Altamira Gold Corp. (TSX-Venture:ALTA) are on the move higher as the company announced that it had received strong drill results from an additional 115 surface samples that were collected prior to the commencement of their current drill program.

The company also has identified new high-grade vein showings on the property which have never been previously drill tested. Earlier surface sampling returned values up to 1022.98 g/t gold from grab samples.

Highlights of these recent surface samples include a WSW-trending high-grade vein zone at the Raimundo target returned values including 53.9g/t and 148.2g/t gold. Also, there is evidence of a sheeted vein zone at the Raimundo target area.

At last check, shares of ALTA had risen $0.02 to $0.325 which is the high of the day and close to the 52-week high of $0.34 which was printed back on Sept 21.