This image is reblogged from a 23 January 2014 post at Infernal Wonders. Bacchus at Erosblog has provenance:
As is evident, this is the cover from Fantasy Illustrated #6. According to this blog post, Fantasy Illustrated was an early comics fanzine published by Bill Spicer in the 1960s. Issue #6 was published in 1966 and features cover art by D. Bruce Perry according to this site, which also lists more contents of the ‘zine.
She looks like she belongs on the prow of a clipper ship.