September 26th, 2017 / JMN Wire / Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF), (“Altamira” or the “Company”) is pleased to announce that 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 high grade vein showings on the property which have never been previously drill tested. Earlier 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 which 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 returned 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 grade 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 sampling 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 Creporizinho 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 the 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, President & CEO stated “these additional surface sample results lead us to believe that the Crepori 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 additional 2,326ha of exploration claims within the Crepori area immediately south of the current block, bringing the total land holdings to 10,649ha.
