Altamira Gold Intersects Gold Mineralization Within a New Porphyry Body at Tavares Norte Target, Cajueiro District, Brazil

Core Insights - Altamira Gold Corp. has reported promising assay results from initial reconnaissance drilling at the Tavares Norte target, indicating the presence of a second gold mineralized porphyry body within the Cajueiro district, which is geologically and geochemically similar to the Maria Bonita porphyry [2][5][29] Cajueiro District Overview - The Cajueiro district is located approximately 75 km NW of Alta Floresta in Mato Grosso, Brazil, and is characterized by easy accessibility, open farmland, grid power, and a local water supply [3] - The district contains two independently estimated gold mineral resources at Cajueiro Central and Maria Bonita, along with eight additional untested exploration targets within an 8 km radius of Cajueiro Central [6][29] Drilling Results at Tavares Norte - Initial drilling at Tavares Norte, located 5.5 km east of the Maria Bonita gold deposit, revealed a second mineralized porphyry body with significant intervals of gold mineralization, including 18.6 m at 0.4 g/t gold and 20 m at 0.3 g/t gold [5][16] - Further drilling is planned to target areas with increasing gold-in-soil anomalies and to delineate the porphyry system [20][29] Maria Bonita Drilling Update - Ongoing drilling at the Maria Bonita gold deposit aims to expand the known mineral resource, with recent drill hole MBA032 returning 395.5 m at 0.4 g/t gold from 44.5 m depth [23][24] - Additional drill holes MBA033 and MBA034 are in progress to further explore the resource's depth and potential extensions [23][24] Resource Estimates - The Cajueiro Central area has an open pit resource 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 [7] - The Maria Bonita deposit consists of Indicated Resources of 24.19 million tonnes at 0.46 g/t gold (357,800 ounces) and Inferred Resources of 25.64 million tonnes at 0.44 g/t gold (362,400 ounces) [8][29]