Altamira Gold’s Colíder project 4.1m @ 1.05% Cu and 18.59g/t Au in Hole #CL-1
Furthermore, a recent re-interpretation of the detailed aeromagnetic data for the Cajueiro project has revealed the presence of 14 discrete targets with magnetic and/or radiometric responses that may be consistent with concealed porphyry-style mineralization at depth, which could be the driver for the extensive gold mineralization observed on surface at Cajueiro. Ground follow-up work is planned in advance of drilling on these targets.
Michael Bennett, President & CEO stated “the apparent discovery of porphyry copper mineralization at Jaca and the recent staking rush in the Juruena belt by major companies, provides a new and exciting dimension to the overall potential of the Juruena belt. The apparent association of copper with known gold occurrences bodes well for the potential of Altamira’s projects in the region which all produced placer gold. With copper identified at Colíder, Nova Canaa, Apiacás and Firmino, we believe that Altamira is well positioned to play a leading role in ongoing copper exploration in the belt”.
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
info@altamiragold.com
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.
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