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About Altamira Gold Corp. (EQTRF)
Altamira Gold Corp., trading under the symbol EQTRF, is a Canadian-based mineral exploration company dedicated to the discovery and development of gold and copper deposits within the geologically rich Juruena Gold Belt in central western Brazil. With approximately 190,000 hectares of strategically located projects, Altamira is focused on advancing its flagship Cajueiro Project, a highly prospective asset with an NI 43-101 compliant resource estimate. The Cajueiro project boasts 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).
Core Business and Exploration Strategy
Altamira's core business revolves around systematic exploration and resource development. The company employs advanced geological mapping, soil sampling, drone magnetics, and diamond drilling to identify and delineate mineralized zones. Its expertise lies in targeting porphyry-related gold systems, a relatively underexplored deposit type in Brazil. By focusing on porphyry systems, Altamira aims to uncover large-scale, disseminated gold deposits with district-scale potential.
Flagship Cajueiro Project
The Cajueiro Project, located approximately 75km northwest of Alta Floresta in Mato Grosso, is Altamira's most advanced asset. It is easily accessible by road and benefits from existing infrastructure, including grid power and local water supply. The project has been the focus of extensive exploration, including trenching, drilling, and metallurgical testing. Recent discoveries within the Cajueiro district, such as the Maria Bonita gold porphyry, highlight the project's potential for multiple mineralized systems. The Maria Bonita discovery, characterized by consistent gold grades over significant intervals, underscores the district's exceptional prospectivity.
Exploration Highlights
- Maria Bonita Discovery: The first porphyry gold deposit identified in the Cajueiro district, with drill intercepts such as 146m @ 1g/t gold.
- Mombaque Target: A newly identified porphyry system located 1.6km east of Maria Bonita, defined by magnetic anomalies and gold-in-soil features.
- Espirro and Guillermo Targets: Emerging prospects with strong geological and geophysical indicators of porphyry-style mineralization.
Competitive Position and Industry Context
Altamira operates within the broader junior gold exploration industry, competing with other companies for investor attention and access to capital. Its competitive edge lies in its focus on the Juruena Gold Belt, a region historically known for producing 6-10 million ounces of placer gold. By targeting underexplored porphyry systems, Altamira differentiates itself from peers who may focus on more traditional vein-hosted deposits. The company's ability to secure and systematically explore large land packages further enhances its appeal as a potential partner or acquisition target for larger mining firms.
Technical Expertise and Resource Development
Altamira's exploration methodology reflects a deep understanding of porphyry systems. The company integrates geological, geophysical, and geochemical data to build detailed three-dimensional models of its targets. Initial metallurgical testing at Maria Bonita has demonstrated gold recoveries of up to 90%, supporting the project's economic viability. The company's ability to advance projects from early-stage exploration to resource definition positions it as a credible player in the gold exploration sector.
Conclusion
Altamira Gold Corp. is a forward-thinking exploration company with a clear focus on unlocking the potential of the Juruena Gold Belt. Its flagship Cajueiro Project, coupled with a growing portfolio of porphyry-related targets, positions the company as a significant contributor to Brazil's gold mining industry. With a commitment to technical excellence and systematic exploration, Altamira continues to generate value through the discovery and development of high-quality mineral resources.
Altamira Gold Corp. (EQTRF) has announced significant results from recent trenching activities at its Cajueiro Central Project. Key findings include high-grade intercepts of 6m @ 5.12 g/t gold and 4m @ 9.50 g/t gold from oxide zone metallurgical samples, plus a notable extension discovery of 17m @ 1.46g/t gold located 200 meters beyond the current Mineral Resource limit.
The project's current NI 43-101 resources stand at 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 new mineralized zone extends for 350 metres from the current resource boundary, suggesting potential for significant resource expansion.
The company has completed 1,042m of trenching across 13 trenches in the Baldo and Matrincha sectors. Additionally, a 75,000 kg metallurgical sample has been collected for initial heap leach testing.
Altamira Gold (TSXV: ALTA, OTC: EQTRF) has discovered a new gold target called Guillermo within the Cajueiro district. The target, located 2.5 km north-east of the Central Resource area, revealed significant findings including:
- A rock grab sample containing 39g/t gold from altered intrusive rocks
- A second grab sample yielding 1.1 g/t gold
- Surrounding historic placer gold workings
- Soil sampling values up to 845ppb gold
The Guillermo target is the third new gold target discovered in the area, following Mombaque and Espirro. The Cajueiro project currently has NI 43-101 resources of 185,000 oz in Indicated category (5.66Mt @ 1.02 g/t gold) and 515,000 oz in Inferred category (12.66Mt @ 1.26 g/t gold).
Altamira Gold has identified a third center of hydrothermally altered and veined porphyry rocks at the Espirro target within the Cajueiro Gold District. Located 3.2km south-east of the Maria Bonita porphyry gold discovery, the Espirro target shows large blocks of float up to 50cm in size and features a magnetic low anomaly that correlates with historic placer workings. The area extends over 35 hectares, suggesting a significant primary source. This discovery follows the identification of a second intrusive porphyry system at the Mombaque target, validating Dr. Richard Sillitoe's prediction of multiple intrusive porphyry systems at Cajueiro.
Altamira Gold Corp. (TSXV: ALTA) (OTC Pink: EQTRF) has announced progress in evaluating porphyry-related gold mineralization at its Cajueiro project. Key highlights include:
- A coherent gold-in-soil anomaly measuring up to 600m by 500m has been defined at the Mombaque prospect, 1.6km east of the Maria Bonita porphyry gold discovery
- The anomaly coincides with sericite-altered volcanic tuffs and breccias, underlain by felsic intrusives similar to Maria Bonita
- Rock chip sampling revealed porphyry-style quartz veining with anomalous gold
- A coincident magnetic anomaly and altered rocks make Mombaque a compelling drill target
- The findings suggest porphyry-style gold mineralization at Cajueiro extends over a wider area than initially thought
CEO Mike Bennett stated that this development could indicate multiple porphyry gold deposits at Cajueiro, expanding beyond the Maria Bonita system where recent drilling yielded 146m @ 1 g/t gold.
Altamira Gold Corp. (TSXV: ALTA) (OTC Pink: EQTRF) has discovered new porphyry outcrops 1.6km east of the Maria Bonita discovery within the Cajueiro project in Brazil. This suggests the mineralizing system may be larger than previously thought. Key points:
1. New outcrops show highly altered and brecciated porphyritic intrusive rock with extensive sericitic alteration and quartz veining.
2. Recent drilling at Maria Bonita intersected 146m @ 1g/t gold.
3. Cajueiro project has current NI 43-101 resources of 185,000 oz Indicated and 515,000 oz Inferred.
4. Structural and geophysical studies identified several new targets within the Cajueiro - Maria Bonita area.
5. A magnetic body 2km south-east of Maria Bonita may be related to a causative porphyritic intrusive.
Altamira Gold Corp. (TSXV: ALTA, OTC Pink: EQTRF) has provided an update on its exploration activities at the Cajueiro and Apiacas projects in Brazil. Key highlights include:
1. Final drill results from Maria Bonita discovery at Cajueiro, with 32.7m @ 0.53 g/t gold in MBA030 and 46.5m @ 0.50 g/t gold in MBA031.
2. New Casa Branca target discovered at Apiacas, with surface samples averaging 14.5 g/t gold, including two high-grade values of 69 g/t and 52 g/t gold.
3. Mineralization at Casa Branca is similar to the Mutum target, occurring in sericite-altered porphyritic intrusive rocks with pyritic sulphides.
4. Ongoing analysis and interpretation of drill results at Maria Bonita to define potential zones for further drilling.
Altamira Gold Corp. has confirmed that the Maria Bonita discovery is a porphyry gold deposit, marking a significant milestone for the company. Expert consultant Dr. R. Sillitoe validated the porphyry origin, highlighting the quartz veinlet intensity and gold grade. Initial diamond drilling revealed consistent gold mineralization with notable intercepts: 146m @ 1.0g/t gold, 50m @ 1.4g/t gold, and others.
The company has engaged A.C.A. Howe and GeophysicsOne to use satellite imagery and aeromagnetic surveys to explore additional porphyry bodies in the Cajueiro district. CEO Mike Bennett emphasized the importance of this discovery, the first of its kind in Brazil, which provides a framework for interpreting drill results and identifying new search areas.
The Cajueiro project, located in central western Brazil, contains significant gold resources with 185,000 oz in the Indicated category and 515,000 oz in the Inferred category. Initial metallurgical tests at Maria Bonita showed high gold recoveries of up to 90%.
Altamira Gold announced results from 12 additional drill holes at the Maria Bonita gold discovery in the Cajueiro Project, Brazil.
Key highlights include MBA029, which returned 146m @ 1.0 g/t gold from 23m depth, with a peak value of 2.4 g/t gold. This hole also showcased a broader zone of 213m @ 0.8 g/t gold, suggesting the mineralized body remains open at depth.
Other significant results include:
MBA016: 90m @ 0.6 g/t Au from 14m
MBA018: 105m @ 0.5 g/t Au from 23m
MBA020: 72m @ 0.4 g/t Au from 59m
MBA022: 53m @ 0.7 g/t Au from surface
CEO Mike Bennett highlighted the continuity and depth of the mineralization, confirming it remains open to the north, south, and at depth.
The Cajueiro project has NI 43-101 resources of 5.66Mt @ 1.02 g/t gold (Indicated) and 12.66Mt @ 1.26 g/t gold (Inferred).
A three-dimensional geological model is being updated to guide future drilling and resource estimation.
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