Altamira's First Phase Geological Mapping and Rock Sampling Reveals Copper and Gold Mineralization at Santa Helena Project, Brazil
Altamira's First Phase Geological Mapping and Rock
Sampling Reveals Copper and Gold Mineralization at
Santa Helena Project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - May 16, 2018) -
Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC
Pink: EQTRF)
("
Altamira
" or the "
Company
") is pleased to provide an update on its early stage geological mapping and rock
sampling program at the Santa Helena project located within the eastern part of the Juruena belt in Mato Grosso, Brazil.
Highlights are as follows;
Results have been returned on 49 grab samples from four areas within the Santa Helena concession block.
Assays values
range from
0
to
- 171.6g/t gold and 0
to
— 0.81% copper
Four target areas were the subject of the surface rock sampling within the Santa Helena project: Flecha Dorada, Gabriel,
Dorival and Tucura (see below for map of grab samples taken)
Average values from each zone were:
31.2
g/t gold + 0.13% Cu
from
Flecha
Dora
da
target
(17 samples of which 10 returned values above 10g/t gold)
19.0
g/t gold + 0.11% Cu from Gabriel
target
(20 samples of which 7 returned gold values above 10g/t gold)
24.6
g/t gold
from Dorival
target
(6 samples)
7
.2
g/t gold
from
Tucura
target. (6 samples)
The Santa Helena project which comprises a total of 58,594 ha is the Company's closest project to the newly discovered copper
porphyry by Anglo American at Jaca. The project is characterized by gold mineralization on surface and has a history of small-
scale gold and copper production. The area has never been the subject of any previous drilling by Altamira. The current sampling
program suggest the presence of a mineralized system with copper and gold values along a distance of 6km E-W.
The most easterly target is the Gabriel area which is located 1.2 km north of a small historic open pit mine which produced gold
from a series of high-grade veins. A total of 20 grab samples were collected on surface from this area and returned gold values
ranging from 0 to 171.6 g/t gold and 0 — 0.96% Cu and averaged 19.0 g/t gold and 0.11% Cu. Seven samples returned values
above 10g/t gold.
The Flecha Dorada target is located 3km WSW of Gabriel. Grab samples from this prospect ranged from 0.3 — 153.8g/t gold
and 0 — 0.81% Cu and averaged
31.2
g/t gold +
0.13
% Cu
with 11 samples returning above 10g/t gold
.
The Dorival target is located 500m west of Flecha Dorada. Six grab samples were collected from this prospect which ranged
from 7.4 to 73.3g/t gold and 0 to 0.27% Cu and averaged 24.6g/t gold.
Six grab samples were collected from the Tucura area and returned gold values of 0.2 to 22.6 g/t gold and averaged 7.2g/t gold.
Tucura is located 2km NW of the Dorival target.
In addition to the rock sample results outlined above, Altamira has completed a program of soil sampling with results expected
during May 2018. This work will assist with the identification of drill targets.
Michael Bennett, President and CEO of Altamira stated, "Santa Helena is clearly a much larger mineralized system then we had
previously recognized. The presence of extensive hydrothermal alteration in the area accompanied by the numerous high-grade
gold bearing structures and elevated copper values bodes well for the possibility that a significant Au-Cu mineralized body exists
at Santa Helena. We are looking forward to the receipt of the soil sampling data which should assist us with the definition of
trenching and drill targets."
To view an enhanced version of the map, please visit:
http://orders.newsfilecorp.com/files/4500/34687_a1526490543844_0.jpg
Altamira's First Phase of geological Mapping Reveals
Copper and
Gold
Mineralization at Santa Helena Project
, Brazil
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
For more information contact:
Sean Kingsley VP, Corporate Development
Phone: +1 604 440 8474
Toll-Free: +1 833 606 6271
Email:
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.