Altamira Gold Defines New, High-Ranking Gold Target (Guillermo) with Surface Grab Sample of 39g/t Gold, within the Cajueiro District

Core Insights - Altamira Gold Corp. has discovered a new high-ranking gold target named Guillermo within the Cajueiro district, with surface grab samples returning 39g/t gold, indicating significant mineralization potential [2][3][5]. Exploration and Discovery - The Guillermo target is located 2.5 km northeast of the Central Resource area in the Cajueiro district, identified through geological mapping, soil sampling, and trenching [4][7]. - The gold-in-soil anomaly at Guillermo is open to the east and is surrounded by historic placer gold workings, suggesting a promising exploration area [4][12]. - The discovery of Guillermo increases the number of new gold targets in the region to three, alongside Mombaque and Espirro, with only the Maria Bonita target having been drilled so far [6][10]. Geological and Resource Information - The Cajueiro project has current NI 43-101 resources of 5.66 million tonnes at 1.02 g/t gold, totaling 185,000 ounces in the Indicated Resource category, and 12.66 million tonnes at 1.26 g/t gold, totaling 515,000 ounces in the Inferred Resource category [9][20]. - Reconnaissance drilling at the Maria Bonita target has yielded initial results of up to 146m at 1g/t gold, marking it as the first gold porphyry discovery in the Cajueiro area [10]. Future Exploration Plans - The company is conducting further exploration at the Guillermo target, including drone magnetics to refine target definitions and prepare for potential drill testing [18]. - The combination of unexplained alluvial gold sources, hydrothermally altered volcanics, and high-grade gold in outcrop at Guillermo presents a significant opportunity for future exploration [18].