Surface sampling at Crepori project identifies additional high-grade zones with values up to 148.2g/t gold. Additional ground acquired.
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Surface sampling at Crepori project identifies additional
high-grade zones with values up to 148.2g/t gold.
Additional ground acquired.
September 26th, 2017 – Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (USA:
EQTRF), (“Altamira” or the “ Company”) is pleased to announce th at it has received results
from an additional 115 surface samples that were collected prior to the commencement of the
current drill program and has identified new hi gh grade vein showings on the property which
have never been previously drill tested. Earlie r surface sampling returned values up to 1022.98
g/t gold from grab samples. Highlights are as follows:-
Surface grab samples from a WSW-trending high grade vein zone at the Raimundo target
returned values including 53.9g/t and 148.2g/t gold . There is evidence of a sheeted vein
zone at Raimundo
Surface samples from the Boiadeiro area whic h previously returned values up to 1022.98
g/t gold returned values including 136.86g/t gold
The Filao de Milton zone, which previously returned gold values from surface of
14.90g/t, 23.63g/t and 39.24g/t gold , returned values which include 9.30g/t and 6.54 g/t
gold from grab samples
Diamond drilling is in progress
Altamira has been granted an additional 2,326ha of exploration claims within the Crepori
area bringing the total land holdings to 10,649ha
The Crepori project is located in the state of Para along the Transgarimpeira highway and has
been extensively worked for placer gold in the past but no previous drilling has been conducted
until now on the property. Previous work conducted by Altamira in 2013 returned gold values up
to 1022.98 g/t gold in the Boladeiro area and up to 39.2 g/t gold in the Filao do Milton
(Picarreira) target area.
Raimundo target area
The Raimundo target is located approximately 1km WNW of Creporizinho village adjacent to
the Transgarimpeira highway and previously re turned gold values from surface up to 8.61g/t
gold. Results from the current round of sampling returned values which include 53.9 and 148.2
g/t gold from grab samples collected from a high gr ade WSW trending vein that appears to be
surrounded by a sheeted vein zone. This raises the possibility of a bulk tonnage target at
Raimundo. Drilling is currently in progress on this target.
Boiadeiro target area
The Boiadeiro area is located approximately 2.5km SSW of Creporizinho village at the head of
an extensive area of placer gold workings and previously returned gold values from surface up to
1022.98g/t gold . Results from the current round of sa mpling returned values which include
136.9g/t gold from grab samples. Two drill sites have been located in this target area.
Filao de Milton (Picarreira) target area
The Filao de Milton target is located approximately 3.8km WSW of Cre porizinho village
approximately 500m south of the Transgarimpeira highway and previously returned gold values
from surface of 14.90g/t, 23.63g/t and 39.24g/t gold. Results from the current round of sampling
returned values which include 9.30g/t and 6.54 g/t gold from grab samples collected from a high
grade WSW trending vein zone that may be th e western extension of the Ze do Bode and
Raimundo zones,which could suggest a possible strike length of over 3km.
Commenting on these results, Mike Bennett, Presid ent & CEO stated “these additional surface
sample results lead us to believe that the Cre pori project has potential to host several high-grade
gold-bearing structures, which are likely to be the source of the placer gold previously worked in
the area. We look forward to the continuation of drilling and drill results in the near future”.
Separately, Altamira has been granted an add itional 2,326ha of explorat ion claims within the
Crepori area immediately south of the current block, bringing the to tal land holdings to
10,649ha.
About Altamira Gold Corp.
The Company is focused on the exploration and development 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 hist orically produced an es timated 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 Indi cated 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.
“Mike Bennett”
Mike Bennett
President & CEO
Tel: 604.676.5660
Guillermo Hughes, P. Geo., a consultant to the Com pany 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 Pr ovider (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 hi storical are forward-looking statements, including
any statements regarding beliefs, plans , expectations or intentions regardi ng the future. It is important to
note that actual outcomes and the Company’s actual resu lts 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.