Baldo East Target, Cajueiro Project, Brazil and Extends Structures
www.altamiragold.com | TSXV: ALTA
1500 - 409 Granville Street, Vancouver, BC V6C 1T2
TEL +1 604 676 5660
Altamira Reports Trenching Results of 29m @ 3.03g/t Gold at
Baldo East Target, Cajueiro Project, Brazil and Extends Structures
January 17 th, 2018 – Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF),
(“Altamira” or the “ Company”) is pleased to report that it continues to extend the strike extent
of high grade mineralized structures through its recent trenching program at the Baldo East target
area at the Cajueiro project located in western Brazil. Highlights are as follows;
Recent trenching has now excavated at least two continuous high-grade mineralized structures in
the Baldo East area – the northern most of these two structure s is now referred to as Baldo East
1, whilst the zone immediately south of this is referred to as Baldo East 2:
x Trench TCBL-29 was excavated on the Baldo East 1 zone, 200m east of trench TCBL-19
which returned 9m @ 1.84g/t gold plus 1m @ 13.33g/t gold. Results from trench TCBL-
29 include 10m @ 1.82g/t gold and 7m @ 1.79 g/t gold including 1m @ 7.23 g/t gold .
Several other narrower mineralized sections were also noted. The Baldo East 1 zone now
extends over approximately 900m and is still open along strike to the east
x Trench TCBL-28 was developed on the more recently discovered Baldo East 2 zone,
200m east of trench TCBL-25 which cut three parallel brecciated zones and returned 7m
@ 5.53 g/t, and 2m @ 8.30g/t. Re sults from trench TCBL-28 include 29m @ 3.03 g/t
gold including 7m @ 5.42 g/t gold and 4m @ 8.07 g/t gold. This structure has now been
traced over 250m of strike and is open to both the east and west
Trenching at the Baldo East 1 zone, and spec ifically the completion of trench TCBL-29 has
extended the Baldo East 1 zone an additional 200m to the east extending the total strike length to
more than 900m. TCBL-29 was completed 200m eas t of trench TCBL-19 which returned 9m @
1.84g/t + 1m @ 13.33g/t gold gold. Results from trench TCBL-29 include;
10m @ 1.82g/t gold
+ 4m @ 1.07g/t
+ 2m @ 1.98g/t
+ 2m @ 1.36g/t
+ 2m @ 1.64g/t
+ 7m @ 1.79g/t including 1m @ 7.23g/t gold
Work has continued on the Baldo East 2 zone, where previous trenching indicated the presence
of parallel structures with one trench TCBL-25 exposing apparently parallel structures 250m (7m
@ 5.53g/t gold) and 425m (2m @ 8.30g/t gold) sout h of the Baldo East 1 zone. Trench TCBL-
28 was excavated approximately 220m to the east and returned 29m @ 3.03g/t gold including
7m @ 5.42g/t gold and 4m @ 8.07g/t gold . This zone is believed to be the eastward extension
to the zone which returned 7m @ 5.53g/t gold in trench TCBL-25. Trench TCBL-28 did not
extend south far enough to cut the zone which returned 2m @ 8.30g/t in TCBL-25.
Commenting on these results, Mi ke Bennett, President & CEO stat ed “We are very pleased with
the recent trench and drill results from the Baldo East area, whic h have excavated at least two
parallel high-grade structures which remain open al ong strike and at depth. We expect the Baldo
East 1 and 2 zones will material ly add to both the size and grade of the current resource at
Cajuero”
The company follows industry standard procedures with a quality assurance/quality control
(QA/QC) program. 2 Blank, 2 duplicates and 2 sta ndard samples were inserted in each batch of
40 samples. Sample preparati on and analysis was done at SGS GEOSOL in Vespasiano, Minas
Gerais State, Brazil. Analysis is performed by fi re assay with 50g fusion and Atomic Absorption
Spectroscopy.
Crepori Update and Regional Program
The Company also announces that it has now completed the program of seven diamond drill
holes at the Crepori project and results are pending. As a result of significantly increased
competitor activity in the Juruena Belt, the Comp any has initiated an exploration program for
copper. The program initially consists of a geop hysical and regional compilation study with
further details to be provided once this work has been completed.
About Altamira Gold Corp.
The Company is focused on the exploration and de velopment of gold deposits within western
central Brazil. The Company holds 12 projec ts 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 a 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.
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.