Altamira Announces Closing of Final Tranche of Oversubscribed $1,742,408 Non-Brokered Private Placement
A NEW GOLD EXPLORATION & DEVELOPMENT COMPANY FOCUSED IN BRAZIL
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TSX.V: ALTA | Frankfurt: T6UP | US: EQTRF
Altamira Gold is a Gold Exploration company that holds over 200,000 hectares of mineralized projects in Central Brazil.
The Company’s core project is Cajueiro, which has an existing resource of approx. 500Koz gold (214Koz Indicated/282Koz Inferred).
In late 2017, important new discoveries were made in the Baldo East area which should enable the company to expand the resource both in grade and tonnage by including multiple new high-grade E-W trending mineralized zones in its updated 43-101.
Additional potential to grow the project significantly is highlighted by the fact that the bulk of gold-in-soil anomalies remain untested by trenching or drilling.
To add another level of opportunity to the exploration story, a major Copper Porphyry was discovered in September of 2017 which initiated a 10-day staking rush led by Anglo American and Nexa Resources.