Business
Altamira announces receipt of first Environmental Permit for Trial Mining at the Cajueiro gold project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - October 16, 2019) - Altamira Gold Corp.'s (TSX...
About this update from Altamira Gold Corp
[{"type":"text","content":"\nAltamira announces receipt of first Environmental Permit for Trial Mining at the Cajueiro gold project, BrazilVancouver, British Columbia--(Newsfile Corp. - October 16, 2019) - Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce that it has received the first Environmental Permit for the Trial Mining Licenses with respect to permit 866.160/2007 for its advanced Cajueiro gold project in northern Mato Grosso state in western Brazil. Highlights are as follows:The environmental process LOPM No 320459 within permit 866.160/2007, was published on October 7, 2019 and is valid for three years until October 6, 2022. This permit covers the southern part of the key Crente resource. The Environmental Permit has now been presented to the National Mining Agency (\"ANM\") in Brazil and the Company is awaiting the approval of the first Trial Mining License The first Trial Mining license will allow Altamira and its partner FMS Investimentos e Participacoes Ltda. (\"FMS\") to commence the construction of the 1000 tonne / day processing facility and will liberate the southern half of the Crente resource for feed for the plant (see press release dated August 8, 2019 for additional information)Altamira is also pursuing Trial Mining Licenses over three additional claim blocks which cover the resources in the northern part of the Crente deposit as well as the Baldo, Matrincha and Marines deposits within the Cajueiro project area Altamira's 2019 NI 43-101 Mineral Resource Estimate was recently completed by Global Resource Engineering Ltd. (\"GRE\"), and totals 5,661,000 tonnes @ 1.02 g/t gold for a total of 185,000 oz of gold (Indicated) and 12,665,000 tonnes @ 1.26 g/t gold for a total of 515,000oz of gold (Inferred). (see press release dated October 10, 2019 for additional details). The resources are confined to an area of approximately 285 ha whilst the total area comprising the Cajueiro concession area amounts to 39,053 ha.As part of the permitting process allowing for Trial Mining at the Cajueiro proect, Altamira is in the process of obtaining four Trial Mining Licenses for which Environmental Permits are required on all four. Plant construction, however, may commence prior to the issuance of the remaining three licenses. Figure 1. Map showing location of the Trial Mining Are...