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Altamira Gold Receives Second Environmental License for Trial Mining at the Cajueiro Gold Project, Brazil and Appoints New Officer
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2020) -  Altamira Gold Corp.'s (T...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira Gold Receives Second Environmental License for Trial Mining at the Cajueiro Gold Project, Brazil and Appoints New OfficerVancouver, British Columbia--(Newsfile Corp. - May 20, 2020) -  Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC PINK: EQTRF), (\"Altamira\" or the \"Company\") is pleased to announce that it has received the second environmental permit required for the trial mining licenses with respect to claim 866.070/2004 for its advanced Cajueiro gold project in northern Mato Grosso state in western Brazil. Highlights are as follows:As recently announced, permits are in place for the construction of a 1000t/d processing plant at the Cajueiro gold project which is fully funded and expected to commence during H2 2020 The publication of a second environmental permit at the Cajueiro project area gives Altamira the right to extract additional material from a larger area including all of the Crente resource The second environmental permit has now been presented to the ANM mining authorities in Brazil and the Company is awaiting the approval of the second Trial Mining License, which will allow Altamira to process a total of 100,000 tonnes of mineralized material per yearMichael Bennett, Altamira Gold's President and CEO commented, \"The publication of the second Environmental License on our flagship Cajueiro project is yet another important milestone for the Company as we advance towards trial mining and gold production during late 2021 and demonstrates that Brazil has in the last twelve months accelerated it's mining and environmental permitting system. The second bulk sampling license will enable Altamira to produce 100,000 tonnes of ore during the initial year of mining and will help to reach the goal of achieving short term cash flow.\"On 27th April 2020, Altamira announced a US$6M gold forward purchase agreement deal with Metalstream Inc. to fund the construction of a 1,000 tonne-per-day processing plant and commence mining of the oxide resources at the Cajueiro project. Prior to this recent announcement, the Company has made a number of important advances in the project permitting process and announced receipt of an environmental permit for the first (claim 866.160/2007) of a total of four licenses on 16th October 2019. Granting of the environmental permit is an important requisite step for the granting of...