Altamira Gold Expands the Cajueiro District Potential with New Discoveries of Porphyry-Related Gold Mineralization
Altamira Gold Corp. (EQTRF) has announced new discoveries of porphyry-related gold mineralization near its Cajueiro Central Mineral Resource in Brazil. Key findings include:
A new target at Serafim, located 2km east of the existing resource, yielded a grab sample of 5.6 g/t gold. At Tavares Norte, rock samples averaged 3.2g/t gold, with a peak of 7.8 g/t gold. A 50-metre trench revealed three mineralized intervals, with 31m averaging >0.25g/t gold.
The Cajueiro project, located 75km NW of Alta Floresta, currently has NI 43-101 resources of 185,000 oz in the Indicated category (5.66Mt @ 1.02 g/t gold) and 515,000 oz in the Inferred category (12.66Mt @ 1.26 g/t gold). The project features eight new drill target areas outside the main mineralized centers, spanning an east-west distance of 14km.
Altamira Gold Corp. (EQTRF) ha annunciato nuove scoperte di mineralizzazione aurifera correlata a porfido vicino alla sua Risorsa Minerale Cajueiro Centrale in Brasile. I risultati chiave includono:
Un nuovo obiettivo a Serafim, situato a 2 km a est della risorsa esistente, ha fornito un campione di 5,6 g/t di oro. A Tavares Norte, i campioni di roccia hanno mostrato una media di 3,2 g/t di oro, con un picco di 7,8 g/t di oro. Un trincea di 50 metri ha rivelato tre intervalli mineralizzati, con 31 m che mediavano >0,25 g/t di oro.
Il progetto Cajueiro, situato a 75 km a nord-ovest di Alta Floresta, ha attualmente risorse NI 43-101 di 185.000 oz nella categoria Indicate (5,66 Mt @ 1,02 g/t di oro) e 515.000 oz nella categoria Inferred (12,66 Mt @ 1,26 g/t di oro). Il progetto presenta otto nuove aree di obiettivo di perforazione al di fuori dei principali centri mineralizzati, estendendosi su una distanza est-ovest di 14 km.
Altamira Gold Corp. (EQTRF) ha anunciado nuevos descubrimientos de mineralización de oro relacionada con pórfidos cerca de su Recurso Mineral Cajueiro Central en Brasil. Los hallazgos clave incluyen:
Un nuevo objetivo en Serafim, ubicado a 2 km al este del recurso existente, arrojó una muestra de 5.6 g/t de oro. En Tavares Norte, las muestras de roca promediaron 3.2 g/t de oro, con un pico de 7.8 g/t de oro. Una trinchera de 50 metros reveló tres intervalos mineralizados, con 31 m que promediaron >0.25 g/t de oro.
El proyecto Cajueiro, ubicado a 75 km al noroeste de Alta Floresta, tiene actualmente recursos NI 43-101 de 185,000 oz en la categoría Indicada (5.66 Mt @ 1.02 g/t de oro) y 515,000 oz en la categoría Inferida (12.66 Mt @ 1.26 g/t de oro). El proyecto cuenta con ocho nuevas áreas de objetivos de perforación fuera de los principales centros mineralizados, abarcando una distancia este-oeste de 14 km.
Altamira Gold Corp. (EQTRF)는 브라질의 Cajueiro Central 광물 자원 근처에서 포르피리 관련 금 광물 발견을 발표했습니다. 주요 발견 사항은 다음과 같습니다:
Serafim에서 새로운 목표가 설정되었으며, 이는 기존 자원에서 동쪽으로 2km 떨어진 곳에 위치하고 있으며, 5.6 g/t의 금 샘플이 나왔습니다. Tavares Norte에서는 암석 샘플이 평균 3.2g/t의 금을 나타내며, 최고 7.8 g/t의 금이 확인되었습니다. 50미터의 도랑에서 세 개의 광물화된 구간이 드러났으며, 31m의 평균 금 함량은 >0.25g/t입니다.
Cajueiro 프로젝트는 Alta Floresta에서 북서쪽으로 75km 떨어진 곳에 위치하고 있으며, 현재 NI 43-101 기준으로 185,000 oz의 자원을 보유하고 있습니다. 이는 Indicated 카테고리로 (5.66Mt @ 1.02 g/t 금)와 Inferred 카테고리로 (12.66Mt @ 1.26 g/t 금) 515,000 oz에 해당합니다. 이 프로젝트는 주요 광물화 중심지 외부에 여덟 개의 새로운 시추 목표 지역을 보유하고 있으며, 동서 방향으로 14km에 걸쳐 있습니다.
Altamira Gold Corp. (EQTRF) a annoncé de nouvelles découvertes de minéralisation aurifère liée aux porphyres près de sa Ressource Minérale Cajueiro Centrale au Brésil. Les principales découvertes incluent :
Un nouvel objectif à Serafim, situé à 2 km à l'est de la ressource existante, a révélé un échantillon de 5,6 g/t d'or. À Tavares Norte, les échantillons de roche ont montré une moyenne de 3,2 g/t d'or, avec un pic de 7,8 g/t d'or. Une tranchée de 50 mètres a révélé trois intervalles minéralisés, avec 31 m ayant une moyenne de >0,25 g/t d'or.
Le projet Cajueiro, situé à 75 km au nord-ouest d'Alta Floresta, dispose actuellement de ressources NI 43-101 de 185 000 oz dans la catégorie Indiquée (5,66 Mt @ 1,02 g/t d'or) et de 515 000 oz dans la catégorie Inférée (12,66 Mt @ 1,26 g/t d'or). Le projet comprend huit nouvelles zones cibles de forage en dehors des principaux centres de minéralisation, s'étendant sur une distance est-ouest de 14 km.
Altamira Gold Corp. (EQTRF) hat neue Entdeckungen von porphyrbezogener Goldmineralisierung in der Nähe ihrer Cajueiro Central Mineralressource in Brasilien bekannt gegeben. Zu den wichtigsten Ergebnissen gehören:
Ein neues Ziel bei Serafim, das 2 km östlich der bestehenden Ressource liegt, ergab eine Grabprobe von 5,6 g/t Gold. Bei Tavares Norte lagen die Gesteinsproben im Durchschnitt bei 3,2 g/t Gold, mit einem Spitzenwert von 7,8 g/t Gold. Ein 50-Meter-Graben offenbarte drei mineralisierte Intervalle, wobei 31 m einen Durchschnitt von >0,25 g/t Gold aufwiesen.
Das Cajueiro-Projekt, das 75 km nordwestlich von Alta Floresta liegt, verfügt derzeit über NI 43-101-Ressourcen von 185.000 oz in der Kategorie Indicated (5,66 Mt @ 1,02 g/t Gold) und 515.000 oz in der Kategorie Inferred (12,66 Mt @ 1,26 g/t Gold). Das Projekt umfasst acht neue Bohrzielgebiete außerhalb der Hauptmineralisierungszentren, die sich über eine Ost-West-Distanz von 14 km erstrecken.
- Discovery of new gold mineralization targets expanding district potential
- High-grade gold samples at Serafim (5.6 g/t) and Tavares Norte (7.8 g/t)
- Substantial existing NI 43-101 resource base of 700,000 oz gold combined
- Project has good infrastructure with road access, grid power, and water supply
- Grab samples are not representative of bulk metal content
- Most discoveries are still at early exploration stage
- Additional drilling required to confirm mineralization continuity
Vancouver, British Columbia--(Newsfile Corp. - April 14, 2025) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) ("Altamira" or the "Company"), is pleased to announce the results of ongoing exploration for district-scale porphyry-related gold mineralization in close proximity to the Cajueiro Central Mineral Resource (previously reported under NI 43-101).
Highlights:
- A new target has been defined at Serafim, located 2km east of the existing Mineral Resource where rock chip sampling identified a hydrothermal breccia containing clasts of veined porphyry intrusive. This included a grab rock sample+ of 5.6 g/t gold.
- At Tavares Norte, a grab rock sample+ returned an assay of 7.8 g/t gold with all ten rock chip samples averaging 3.2g/t gold and with all samples recording greater than 1g/t gold. A 50-metre trench outlined three mineralized intervals within which 31m averages greater than 0.25g/t gold (peak value 1m @ 6.5 g/t gold), with the mineralization open at both ends of the trench.
- Trenching at the Guillermo prospect has returned two intervals defining future drill targets within quartz veined and altered volcanic host rocks, with a coherent interval of 35m @ 0.5 g/t gold.
CEO Mike Bennett commented; "Our ongoing field program of soil sampling, mapping and drone magnetics, continues to successfully define new targets. Our recent discovery of further evidence of porphyry-related gold mineralization at Serafim, brings the current inventory of new drill target areas in the Cajueiro project, outside our two main mineralized centres, to eight. This latest discovery remains at a very early stage but is a very positive indicator and supports our thesis that the district-scale gold occurrences, identified to date over an east-west distance of 14km, are most likely part of the same porphyry-related mineralizing event within this expanding gold district. The results from Tavares Norte and Guillermo also define drill targets on extensive zones of surface gold mineralization."
+ by their nature, grab samples are not representative of the bulk metal content of a mineralized zone.
CAJUEIRO PROJECT
The Cajueiro project is located approximately 75km NW of the town of Alta Floresta in the state of Mato Grosso (Figure 1) in central western Brazil. The project is easily accessible by road, lies on open farmland and has grid power and a local water supply. Cajueiro is the most advanced of three key projects that Altamira controls in the region, the other two being Apiacas and Santa Helena (Figure1).
Figure 1: Location of the Cajueiro, Apiacas and Santa Helena projects.
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The Cajueiro Central project has current 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 515,000 oz in the Inferred Resource category (estimated using a gold price of US
Reconnaissance drilling at the Maria Bonita target, located 7km west of the Cajueiro Central Mineral Resource, identified the first porphyry-hosted gold discovery at Cajueiro and returned gold values up to 146m @ 1g/t gold (from 23 metres depth) (see press release dated May 22, 2024).
A program of mapping, soil sampling and proprietary drone magnetics continues to develop new targets in the Cajueiro district (Figure 2). An east-west corridor of intrusive-related prospects, lies between major structures that were later reactivated and intruded by regional-scale gabbro dykes that extend over tens of kilometres.
Within this corridor, there are five prospects from Novo Sonho in the west to Guillermo in the east, over a distance of 12 km (Figure 2). To the south of this corridor, lies the Cajueiro Mineral Resource and two active prospects at Espirro and Serafim.
*NI 43-101 Technical Report, Cajueiro Project, Mineral Resource Estimate: Global Resource Engineering, Denver Colorado USA, 10th October 2019; Authors K. Gunesch, PE; H. Samari, QP-MMSA; T. Harvey, QP-MMSA
Figure 2: Cajueiro district targets (yellow labels) and their position in relation to the defined Mineral Resource at Cajueiro Central (white labels for sub-sectors). An alignment of six of the targets occur in close spatial association to a pronounced east-west fault corridor marked by later gabbroic dykes.
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At Mombaque, two trenches have been excavated and sampled, totalling 380m. The underlying rocks are sericite altered tuffs, interpreted as overlying a mineralizing felsic intrusive at shallow depth. Results are pending.
The Tavares Norte prospect is located 1km NW of the central resource area. The current soil anomaly extends for some 1300 metres x 1800 metres and small felsic intrusives are interpreted to underlie the soil anomaly. Surface rock chip grab sampling+ across the prospect returned an average grade of 3.2g/t gold from ten samples with a highest value of 7.8 g/t gold. A single trench was excavated alongside a dirt road traversing the anomaly in a north-east direction in the eastern sector of the prospect and returned three intervals of interest; 23m @ 0.25 g/t gold, 2m @ 3.27 g/t gold and 6m @ 0.38 g/t gold (see Table 1).
| From | To | Interval (m) | g/t gold | Comment |
| 0 | 23 | 23 | 0.25 | interval open to north |
| 27 | 29 | 2 | 3.27 | |
| 44 | 50 | 6 | 0.38 | interval open to south |
Table 1: Tavares Norte trench results, based on 1 metre sample intervals.
At Morro Verde, located 1000m north of the central resource area, 8 additional grab rock chip samples+ returned an average of 0.28 g/t gold, with a peak value of 0.71g/t gold and all samples returning greater than 0.1 g/t gold. A single drill hole completed in 2017, (see press release dated August 1, 2017) intersected 65m of intrusive breccia containing dominantly volcanic wall-rock clasts.
Figure 3: Drillhole CJO-98, Morro Verde intrusive breccia.
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Trenching at Guillermo has defined two zones of interest for drill testing. The rocks exposed in the trenches are felsic volcanics intruded by small stocks or dykes of altered and veined felsic igneous rocks (see press release dated December 11, 2024).
Results received to date include 35m @ 0.45 g/t gold, 7m @ 0.22 g/t gold and 7.6m @ 0.41 g/t gold (see Table 2). These results demonstrate that the intrusive rocks carry anomalous gold and warrant drill testing to confirm the subsurface continuity and grade trend of the trench intervals.
| Trench | Length | From | To | Interval | Grade | Peak assay |
| (m) | (m) | (m) | (m) | Au g/t | Au g/t | |
| TCGLO-0001 | 170 | 99 | 134 | 35 | 0.45 | 0.47 |
| TCGLO-0003 | 147 | 64 | 71 | 7 | 0.22 | 0.79 |
| TCGLO-0006 | 100 | 49.2 | 56.8 | 7.6 | 0.41 | 0.98 |
Table 2: Guillermo trench results, based on 1 metre sample intervals.
Soil sample and drone magnetic results are pending over parts of the grid. In a similar manner to the Maria Bonita area, mineralized porphyry intrusives are cut by later, barren phases of the inferred same felsic intrusive suite. Dating studies are ongoing to better interpret the age relationships.
Grab sampling+ of float breccia boulders at the Serafim prospect returned one sample containing 5.57 g/t gold. This sample is a breccia containing clasts of quartz veined porphyry intrusive which are interpreted to have been derived from the roof zone of a porphyry intrusive (Figure 4).
+ By their nature, grab samples are not representative of the bulk metal content of a mineralized zone.
Figure 4: Clasts from surface rock chip sample in Serafim hydrothermal breccia
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Figure 5: Silicified hydrothermal breccia from Serafim containing 0.2g/t gold
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These new results underline the emerging context of a set of porphyry-related gold occurrences within a defined structural corridor that shows evidence of at least four episodes of multiphase intrusive activity, pointing to a deep and reactivated set of structurally controlled magma conduits.
These favourable structural settings, with positive gold in soil and rock sampling, now provide a set of targets for scout drilling to extend the inventory of mineralization outside the Cajueiro Central Mineral Resource and the Maria Bonita discovery.
Qualified Person
Guillermo Hughes, FAIG and M AusIMM., 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.
About Altamira Gold Corp.
The Company is focused on the exploration and development of gold and copper projects within western central Brazil, strategically advancing six projects spanning over 100,000 hectares within the prolific Juruena Gold Belt-an area that has historically yielded 6 million ounces of placer gold**. Leading the portfolio is the Cajueiro project, a highly prospective asset with an NI 43-101 compliant resource estimate of 185,000 ounces of gold in the Indicated category (5.66Mt @ 1.02 g/t) and an additional 515,000 ounces in the Inferred category (12.66Mt @ 1.26 g/t).
Ongoing exploration and fieldwork at Cajueiro indicate the presence of multiple porphyry gold systems, reinforcing its potential for district-scale development. These hard-rock gold sources align with historical alluvial gold production, highlighting the region's exceptional gold endowment and scalability. With a rich geological setting and a track record of significant discoveries, the Company is well-positioned to unlock further value across its expansive land package.
** Juliani, C. et al ; Gold in Paleoproterozoic (2.1 to 1.77 Ga) Continental Magmatic Arcs at the Tapajós and Juruena Mineral Provinces (Amazonian Craton,Brazil): A New Frontier for the Exploration of Epithermal-Porphyry and Related Deposits. Minerals 2021, 11, 714. https://doi.org/10.3390/min11070714
On Behalf of the Board of Directors,
ALTAMIRA GOLD CORP.
"Michael Bennett"
Michael Bennett
President & CEO
Tel: 604.676.5660
Toll-Free:1-833-606-6271
info@altamiragold.com
www.altamiragold.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The securities described herein have not been registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the U.S. Securities Act and any applicable state securities laws.
Forward-looking Statements
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the extension of the Warrants. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will", "intends" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including the receipt of all necessary regulatory approvals. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.
Notes
Gold analysis has been conducted by SGS method FAA505 (fire assay of 50g charge), with higher grade samples checked by FAA525. Analytical quality is monitored by certified references and blanks. Until dispatch, samples are stored under the supervision the Company's exploration office. The samples are couriered to the assay laboratory using a commercial contractor. Pulps are returned to the Company and archived. Drill holes results are quoted as down-hole length weighted intersections.
* NI 43-101 Technical Report, Cajueiro Project, Mineral Resource Estimate: Global Resource Engineering, Denver Colorado USA, October 10, 2019; Authors K. Gunesch, PE; H. Samari, QP-MMSA; T. Harvey, QP-MMSA
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FAQ
What are the latest gold grades discovered at Altamira Gold's (EQTRF) Serafim target?
What is the current NI 43-101 resource estimate for EQTRF's Cajueiro project?
What are the recent drilling results from EQTRF's Tavares Norte prospect?
How many new drill target areas has EQTRF identified at the Cajueiro project?
