Altamira is an excellent fit
Rohan Cavaliero, Managing Director of MetalStream stated, “We are delighted to have agreed a forward purchase agreement with Altamira, and look forward to the construction of its processing facility at Cajueiro, in Brazil. MetalStream is highly selective of the junior miners from whom it purchases gold metal streams, and Altamira is an excellent fit. It is a well-run company with strong and experienced leadership”.
Michael Bennett, President & CEO of Altamira commented, “This arrangement with MetalStream is an extremely important milestone in Altamira Gold´s development and is designed to fund, build, control and operate a 1,000 tonne per day processing plant at Cajueiro. We look forward to transitioning from a proven and effective gold exploration company to a small junior gold producer which is less dependent on dilutive equity financings to support its ongoing exploration efforts”.
July 29, 2020
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2020) - Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), ("Altamira" or the "Company") is pleased to announce the discovery of several new mineralized structures at the Cajueiro gold project in Brazil resulting from a recently completed trenching program originally designed for the collection of bulk samples of oxidised material for metallurgical testwork.
Michael Bennett, President and CEO stated, "The discovery of multiple new mineralized structures at both the Baldo and Crente resource areas shows that there is significant potential to expand the present 43-101 resource within the central area and suggests that there is a strong possibility of discovering additional new mineralized structures at Cajueiro. These new mineralized structures and others yet to be discovered by pre-stripping will be incorporated in the pit design in advance of gold production in H2 2021"