Altamira Resumes Trenching on the Baldo East Target, Cajueiro Gold Project, Brazil
Altamira Resumes Trenching on the Baldo East Target,
Cajueiro Gold Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 3, 2018) -
Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink:
EQTRF),
(“
Altamira
” or the “
Company
”) is pleased to announce that additional trenching commenced on April 26
th
, 2018 within
the Baldo East target area at the Cajueiro project located in western Brazil. The trench program will consist of at least 1000
meters and is designed to further extend the strike of several high-grade east-west trending mineralized structures in the Baldo
East target area of the Cajueiro project.
Previous trenching at Baldo East confirmed the discovery of at least two continuous high-grade gold mineralized structures in the
Baldo East target area – the northern most of these two structures Baldo East 1 and the zone immediately south of this, Baldo
East 2. Both zones remain open to the east. Results from the most easterly trenches on both structures returned the following
results;
Baldo East 1
- Trench TCBL-29 previously returned
10m @ 1.82 g/t gold
and
7m @ 1.79 g/t gold
including 1m @ 7.23
g/t gold
Baldo East 2
is located 200m south of the Baldo East 1 zone. Trench TCBL-28 previously returned
29m @
3.03 g/t gold
including
7m @ 5.42 g/t gold
and 4m @ 8.07 g/t gold
The current trenching program at Baldo East area (see map) is aimed at defining the easterly extensions of both the Baldo East
1 and Baldo East 2 zones and identifying other possible parallel zones within the Baldo East area, which was originally identified
through a gold-in-soil anomaly. There are some indications of a third structure immediately south of Baldo East 2 (eg. 2m @
8.30g/t gold in trench TCBL-25).
Figure 1: Altamira Continues Trenching Program to Further Extend its High-Grade Baldo East Zone at the Cajuiero
Project, Brazil
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4500/34435_figure1.jpg
Mike Bennett, Altamira’s President & CEO commented, "We are very pleased with the new high-grade discoveries made at
Baldo East last year and are optimistic that the two structures identified thus far will continue to the east. Baldo east represents
approximately 10% of the area covered by gold-in-soil anomalies within the Cajueiro property package suggesting excellent
potential for further discoveries.”
Figure 2: Altamira Completes the First Trench of 2018 to Further Extend its High-Grade Baldo East Zone at the
Cajuiero Project, Brazil
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/4500/34435_figure2.jpg
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 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.
On Behalf of the Board of Directors,
ALTAMIRA GOLD CORP.
“Michael Bennett”
Michael Bennett
President & CEO
Tel: 604.676.5660
www.altamiragold.com
For more information please contact:
Sean Kingsley
VP, Corporate Development
Telephone: + 1 778 588 6623
Toll-Free: +1 833 604 6271
Email:
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.