Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF), ('Altamira' or the 'Company') is pleased to announce the receipt of results from recent trenches that identified several new mineralized structures at the Cajueiro gold project in Brazil.
Highlights
Channel results from three new mineralized structures in the Baldo area of the Cajueiro project area include 7m @ 1.32 g/t gold (Baldo 3), 3m @ 4.43 g/t gold including 1m @ 11.59 g/t gold (Baldo C), and 4m @ 3.27 g/t gold including 1m @ 10.78 g/t gold (Baldo D)
Channel results from previously known mineralized structures in the Baldo area of the Cajueiro project area include 14m @ 1.27 g/t gold (Baldo) and 6m @ 1.93 g/t gold (Baldo 1)
The collection of one large bulk sample of oxide material from the Cajueiro project has been completed, and has been sent to the Brazilian Metallurgical Test laboratory, and will shortly be sent to the CSIRO lab in Australia, in order to maximise plant recovery
Soil sampling is in progress in and around the Maria Bonita gold-in-soil anomaly located 5km NW of the known deposits at Cajueiro and is aimed at establishing the source of placer gold in that part of the Cajueiro project area
Michael Bennett, President and CEO stated, 'The channel results from the three new mineralized structures in the Baldo area are highly encouraging and contain several high-grade intervals, confirming our belief that there is significant potential to expand the present 43-101 resource within the central area at Cajueiro. The current resource corresponds to approximately 1% of the project area and we expect to identify further new zones both within and outside the resource area once the stripping of surface cover commences in advance of production'.
Trench Results from New Mineralized Structures in the Baldo Area
On 29th July 2020, the Company announced that it had identified 3 new mineralized structures (Baldo 3, Baldo C and Baldo D) in surface trenching in an around the Baldo area, which together with the Crente, Marines and Matrincha areas, comprise the current resources at Cajueiro and include NI 43-101 resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category. These resources cover approximately 1% of the current claim area of 28,557ha. Numerous historic areas of placer workings and several important gold-in-soil anomalies at Novo Sonho, Maria Bonita, Sossego and Cajueiro Sul remain untested.
About Altamira Gold Corp.
The Company is focused on the exploration and development of gold projects within western central Brazil. The Company holds 9 projects comprising approximately 280,000 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 NI 43-101 resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000oz in the Inferred Resource category.
Contact:
Michael Bennett
Tel: 604.676.5660
Email: info@altamiragold.com
Web: www.altamiragold.com
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.
ALTAMIRA GOLD CORP. 
