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Altamira Gold Corp V.ALTA

Alternate Symbol(s):  EQTRF

Altamira Gold Corp. is a Canada-based company focused on the exploration and development of gold projects in central Brazil. The Company holds six projects comprising approximately 190,000 hectares (ha), within the Juruena gold belt. Its Cajueiro Project comprises a large land package (28,557 ha) and is located in the Alta Floresta Gold Belt, a Proterozoic calc-alkaline volcanic arc, which includes medium to high-grade metamorphic crustal segments. Its Santa Helena project is located approximately 60 kilometers (km) southwest of Anglo American’s porphyry copper discovery at Jaca. Its Apiacas project comprises a package of properties covering seven main target areas which constitute the Apiacas district. The Apiacas project is located about 50 km west of Cajueiro project within the Alta Floresta Belt, an 82,000 ha land package. Its other projects include Colider, Nova Canaa and Porta Aberta. The Porta Aberta project is located approximately 13 km south-southwest of the Cajueiro project.


TSXV:ALTA - Post by User

Post by metals2019on Sep 02, 2020 11:09am
813 Views
Post# 31493994

Still no money from Metalstream...

Still no money from Metalstream...Metalstream has yet again defaulted on delivering the funds to Altamira. The announcement released on 26th August stated that the extension was until August 2020 and no announcement extending the deadline or that funds have been received has been announced. It appears highly unlikely that the deal will go ahead. Along with the CEO of Metalstream and Blockchain Labs Asia, Mr Eli Weir leaving the country and now another Metalstream Director, Andrew Walsh removed himself from the Telegram group for Metalstream. HAs he left Metalstream? Why?

In the abscence of any updates published by ALTA, this is a very worrying development. Originally ALTA announced that it planned to start development of the production plant in late 2020. As it is now September, it appears unlikely that construction of the plant in 2020 is doubtful. 
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