Altamira Increases Strategic Land Position in the Middle of a Brazilian Copper Porphyry Staking Rush
Altamira Increases Strategic Land Position in the Middle
of a Brazilian Copper Porphyry Staking Rush
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2018) -
Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink:
EQTRF),
("
Altamira
" or the "
Company
") is pleased to report that the Company has claimed significant additional ground within
the Juruena belt in Mato Grosso, Brazil. These new claims total 52,378 hectares and have increased the Company's strategic
land positioning to over 200,000 hectares in the Juruena Belt.
During September 2017, two major mining companies, Anglo American & Nexa Resources acquired over 3M hectares of
claims, largely surrounding Altamira's twelve projects (see press release dated 21
st
February 2018). The catalyst for this staking
rush is a rumored porphyry copper discovery in the eastern part of the Juruena Belt.
Figure 1: Altamira Increases Land Positioning at Fazenda Mogno and Santa Helena in Mato Grosso, Brazil
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4500/33841_a1522814640993_27.jpg
The new claims are in areas where the Company already has small existing land positions, namely Fazenda Mogno and Santa
Helena (see map). The largest of the two new areas was at Fazenda Mogno where the land position has increased to a total of
41,945 hectares. The Santa Helena project has also been expanded and now comprises a total of 21,039 Ha and is the
Company's closest project to the newly discovered copper porphyry at the Jaca Target.
Altamira is also pleased to announce the commencement of a copper exploration program at the Santa Helena Project located
in eastern part of the Juruena belt in central Brazil. The project is characterized by gold mineralization on surface which Altamira
believes may be related to a concealed porphyry copper system.
Michael Bennett, President and CEO of Altamira stated "The discovery of the first ever copper porphyry in the Juruena belt is
significant because porphyry copper deposits generally occur in clusters or belts. Where there is one, there are usually others.
Gold deposits are frequently found peripheral to major porphyry copper systems and it may be that most of the gold occurrences
in the belt are peripheral to yet unrecognized porphyry copper systems. We are excited to be the only junior with claims
strategically situated in the heart of the belt and look forward to the results of our ongoing exploration program. We will continue
to expand our gold project at Cajueiro whilst pursuing an aggressive exploration program aimed at identifying concealed copper
porphyry mineralization."
About Altamira Gold Corp.
The Company is focused on the exploration and development of gold deposits within western central Brazil. The Company holds
12 projects comprising approximately 200,000 hectares, within the prolific Juruena gold belt which historically produced an
estimated 7 to 10Moz of placer gold. The Company's advanced Cajueiro project has an NI 43-101 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
(Gustavson Associates, 2016).
On Behalf of the Board of Directors,
ALTAMIRA GOLD
CORP.
"Michael Bennett
"
Michael Bennett
President & CEO
Tel: 604.676.5660
Guillermo Hughes
, P. Geo., a consultant to the Company as well as a Qualified Person as defined by National Instrument 43-
101, supervised the preparation of the technical information in this news release.
Neither TSX Venture Exchange nor it Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
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. It is important to note that actual outcomes and the
Company's actual results could differ materially from those in such forward-looking statements.
Except as required by law, we
do not undertake to update these forward
-
looking statements.