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ALTAMIRE GOLD CORP ORD - EQTRF STOCK NEWS

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Altamira Gold Corp. (EQTRF) is a Canadian exploration company focused on gold and copper projects in central western Brazil. The company's flagship project, Cajueiro, boasts significant mineral resources in both Indicated and Inferred categories. Exploration efforts have led to the discovery of the Maria Bonita gold deposit, showcasing consistent gold mineralization in quartz stockwork veining systems within rhyolitic intrusive rocks. Recent diamond drilling programs have yielded promising results with thick mineralized intervals and high-grade gold intersections, indicating the presence of a substantial mineralized system. Ongoing drilling campaigns aim to delineate the extent and continuity of mineralization for future resource estimation. Altamira Gold Corp. places emphasis on identifying potential higher-grade feeder zones and optimizing gold recovery through metallurgical testing and detailed geological modeling.

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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).

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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.

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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.

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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.

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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.

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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%.

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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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Altamira Gold Corp. reports positive drill results at the Maria Bonita gold discovery in Brazil, with significant gold mineralization found in multiple drill holes. The company confirms thick intervals of gold mineralization associated with quartz porphyry rhyolite intrusive, indicating an extensive mineralizing event. The drill program aims to optimize gold recoveries and identify potential higher-grade zones. Altamira controls the Cajueiro project with substantial gold resources and continues exploration at Maria Bonita target.
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Altamira Gold Corp. appoints Pieter Le Roux to the Board of Directors, citing his expertise in finance, capital management, and M&A. Le Roux's experience in various global jurisdictions adds value to the company's projects in Brazil.
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Altamira Gold Corp. (EQTRF) announces excellent results of initial column leach tests on mineralized drill core from the Maria Bonita gold discovery, with an 88% gold recovery. The company intends to conduct further tests to optimize leach dynamics and scope a potential fast track, low-cost, initial operation to mine the mineralized saprolite. The Cajueiro project has current NI 43-101 resources of 5.66Mt @ 1.02 g/t gold for a total of 185,000 oz in the Indicated Resource category and 12.66Mt @ 1.26 g/t gold for a total of 515,000 oz in the Inferred Resource category. Maria Bonita column leach test results complement agitated leach test results, with positive recoveries. The company also granted 5,350,000 stock options to directors, officers, employees, and consultants of the Company.
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FAQ

What is the current stock price of ALTAMIRE GOLD ORD (EQTRF)?

The current stock price of ALTAMIRE GOLD ORD (EQTRF) is $0.0862 as of December 20, 2024.

What is the market cap of ALTAMIRE GOLD ORD (EQTRF)?

The market cap of ALTAMIRE GOLD ORD (EQTRF) is approximately 17.7M.

What is Altamira Gold Corp. focused on?

Altamira Gold Corp. is focused on gold and copper exploration projects in western central Brazil.

Where is the company's flagship project located?

The flagship project, Cajueiro, is situated in central western Brazil, approximately 75km NW of the town of Alta Floresta.

What recent discovery has Altamira Gold Corp. made?

Altamira Gold Corp. has discovered the Maria Bonita gold deposit, showcasing consistent gold mineralization in quartz stockwork veining systems within rhyolitic intrusive rocks.

What are the key highlights of Altamira Gold Corp.'s diamond drilling programs?

The diamond drilling programs have yielded promising results with thick mineralized intervals, high-grade gold intersections, and indications of a substantial mineralized system.

What are the current exploration objectives of Altamira Gold Corp.?

The current exploration objectives include delineating the extent and continuity of mineralization, identifying potential higher-grade feeder zones, optimizing gold recovery through metallurgical testing, and detailed geological modeling.

ALTAMIRE GOLD CORP ORD

OTC:EQTRF

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