Altamira Gold Reports Discovery of 2 New High-grade Structures

Altamira Gold (TSXV:ALTA) announced the discovery of two new high-grade structures with up to 1 meter at 106.31 g/t gold at its Brazil-based Cajueiro project.

One discovery is an easterly extension to the Baldo 2 structure, and the other consists of two previously unmapped high-grade gold-bearing structures south of the Baldo target on the northern flank of the Matrincha target.

Highlights are as follows:

• Trenches TCBL-36 and TCBL-33 at Matrincha cut 5m @ 5.31 g/t gold (incl. 1m @ 24.0 g/t gold) and 2m @ 5.03 g/t gold + 1m @ 8.82g/t gold on a previously unknown E-W trending structure immediately south of the Baldo East target area, which has been named Matrincha 1. The total strike length of the Matrincha 1 structure thus far is 430m and it is open to the west and east.

• 4m @ 8.42g/t gold was returned in Trench TCBL-38 from the Baldo East 2 zone and was excavated 100m west of TCBL-28 which previously cut 29m @ 3.03 g/t gold including 7m @ 5.42 g/t gold and 4m @ 8.07 g/t gold. The Baldo 2 structure is now known to extend 950m along strike and remains open to the east and west

• A second E-W trending structure was identified 75m south of Matrincha 1 and returned 6m @ 30.19 g/t gold (including 1m @ 106.31 g/t gold) in trench TCBL-33 and 1m @ 18.9 g/t gold in trench TCBL-36. The total strike length of the Matrincha 2 zone to date is 445m and it is similarly open both to the west and the east.

Click here to read the full Altamira Gold (TSXV:ALTA) press release.