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Altamira Gold Corp V.ALTA

Alternate Symbol(s):  EQTRF

Altamira Gold Corp. is focused on the exploration and development of gold and copper projects within western central Brazil. It holds six projects comprising approximately 190,000 hectares, within the prolific 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

Bullboard Posts
Post by dryhumperon Dec 18, 2015 7:41am
93 Views
Post# 24394392

Going forward.

Going forward.
EQT should drill a few more holes. They have the funds to do so. They need to choose wisely and not waste money which will be far more difficult to raise in the future considering this brutal round of drilling. Based on cuttent drilling I have more nickel in the basement than they have on thier property.

That said, Everette is involved also with IMT. The interesting thing here is that IMT has a more prospective property than EQT at the moment. IMT did have mineralisation in thier drills, nothing economic but they also missed the anomaly by over 200 meters in each hole. If they hit mineralisation without hitting the anomaly there is a strong chance that the next round of drilling wil be economic.

What I would like to see is that EQT drill a few more holes where they are at and if they do not do any better than they should JV with IMT and get a few holes drilled on the IMT property.

Just my opinion. That said, when IMT gets thier settlement from the BC government they won't need money from anyone else to continue work.
Bullboard Posts