Altamira Gold Corp.

Altamira Gold's CEO, Mike Bennett, will be attending the Precious Metals Summit in Beaver Creek next week. We're excited to connect with investors and industry experts, and to share more about our Maria Bonita Porphyry Gold Deposit!

“Given that porphyry deposits commonly occur in clusters or alignments along structural trends, we recognised the need to revisit our regional data sets in the light of recent independent confirmation that the gold mineralization at Maria Bonita is of porphyry origin. The new structural and geophysical re-interpretations have identified several new targets within the Cajueiro – Maria Bonita area, including a magnetic body 2km to the south-east of Maria Bonita which may be related to a causative porphyritic intrusive. Geological mapping in this area, called Mombaque, has recently identified new outcrops of similar host-rock intrusives and breccias to those found at Maria Bonita, suggesting that the Maria Bonita porphyry system may be significantly larger than previously envisaged.” -- Michael John Bennett, President & CEO https://lnkd.in/dZgYNnpz

"The results of the last two drillholes at the Maria Bonita discovery confirm that the porphyry gold deposit carries consistent gold mineralization from surface. We are working through the interpretation of the three-dimensional geological model to define potential zones of extension and repetition of the mineralization for further drill testing. The mineralized system remains open in several directions and at depth. Our new Casa Branca target at the Apiacas project is again intrusive hosted with disseminated gold mineralization observed on surface. Further mapping and sampling are planned in advance of reconnaissance drilling.” -- Michael John Bennett, President & CEO https://lnkd.in/dGSRSBXK

Altamira Gold Confirms That the Maria Bonita Discovery Is a Porphyry Gold Deposit Field review of the drill core from the Maria Bonita discovery by renowned expert consultant, Dr R. Sillitoe has confirmed the porphyry origin of the mineralization. “Maria Bonita is undoubtedly a porphyry gold deposit as shown by the control of quartz veinlet intensity and gold grade as well as the A-type character of the quartz veinlets” Dr Sillitoe also notes that “Porphyry systems commonly occur as clusters or alignments so additional examples might be anticipated in the general vicinity of Maria Bonita” https://lnkd.in/desznqME

“This result is by far the best drill intercept to date at Maria Bonita and confirms the depth continuity and pervasive style of the mineralization. We have more than doubled the previous best depth extent to the mineralization. The consistency of gold values down-hole reinforces the presence of a significant disseminated mineralized system in intrusive rocks which is open to the north and south and at depth. It also enhances the prospectivity of the target and suggests a north-east plunge to the known zone of coherent mineralization at or around 1g/t gold. Maria Bonita is a “blind” discovery with no outcrop, and we are extremely encouraged to have now identified extensions to the core mineralized zone which gives us further drill targets to pursue.” -- Michael John Bennett President & CEO https://lnkd.in/diegUKky

“Our initial step-out drillholes east and west of the prior discovery drilling have returned thicker, pervasively gold mineralized intervals in altered and veined intrusive rhyolites. These intervals, with consistent gold mineralization over up to 160 metres downhole, indicate that the mineralizing event is extensive and has continuity. Geologically, these results are consistent with the prior drilling in enlarging the gold mineralized footprint at Maria Bonita within the intrusive rhyolite. The area of sub-cropping, and low-cover mineralization identified in the prior drilling has been extended to the west for at least 100m. Hole MBA010 also intersected a deeper, higher-grade structure that provides us with the first vector towards a potential higher grade feeder zone to the mineralizing system.” -- Michael John Bennett President & CEO https://lnkd.in/dtPKz6uF

Altamira Gold Appoints Pieter Le Roux to Board of Directors “I am very pleased to welcome Pieter to the Board of Directors. We believe Pieter’s broad expertise in finance, portfolio & capital allocation, capital management, transformational M&A, investor & stakeholder engagement and reputation management will be invaluable to the Company going forward. We believe that the fact that we have been able to attract someone as experienced and successful in our industry as Pieter to our Board speaks to the potential of our project portfolio in the Alta Floresta region of Brazil and, in particular, is a significant endorsement of the Cajueiro gold project and the nearby Maria Bonita gold discovery.” -- Michael John Bennett, President & CEO https://lnkd.in/dNMtr3Qr

“Following the earlier excellent results from initial agitated tank leach metallurgical test work, where over 90% gold recovery was achieved, these new column leach test results indicate that the saprolite material at Maria Bonita should be highly amenable to heap leaching. Given the zero to very low strip-ratio over the central part of the mineralized area drilled to date, we now have a sound technical rationale to develop studies on a very low capital intensity start-up option on the saprolite mineralization. As we progress the current round of diamond drilling, we will further evaluate both the saprolite and underlying primary mineralization to identify options to generate early cashflow.” -- Michael John Bennett President & CEO https://lnkd.in/dZAXEGj7

"This is a very exciting time for Altamira and its shareholders. We have mobilized a second diamond drill rig to Maria Bonita in order to accelerate definition of the size of the intrusive-hosted mineralization discovered during 2023. Drill hole samples are in the laboratory awaiting assays. Further samples will be despatched on completion of each drill hole.” -- Michael John Bennett https://lnkd.in/dzkX6X89

“We are very pleased to report the commencement of a second stage of diamond drilling at the Maria Bonita discovery, at our Cajueiro project in Brazil. The main objective of the drill program is to establish the size of the mineralized system. The initial drill holes which returned remarkably consistent gold mineralization were drilled in a coincident gold-in-soil anomaly and a magnetic low, and this feature is our main target. We also aim to test for deeper, potential feeders to the intrusive-hosted stockwork gold mineralization. This should lead to a regular stream of drill results during the coming months.” -- Michael John Bennett President & CEO https://lnkd.in/e-n-a2qS