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Altamira receives Bulk Sampling License for Trial Mining at the Cajueiro Gold project, Brazil
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2020) - Altamira Gold Corp. (TSXV:...
About this update from Altamira Gold Corp
[{"type":"text","content":"Altamira receives Bulk Sampling License for Trial Mining at the Cajueiro Gold project, BrazilVancouver, British Columbia--(Newsfile Corp. - January 16, 2020) - Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (USA: EQTRF) (\"Altamira\" or the \"Company\") is pleased to announce that it has received the first Trial Mining License 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 Trial Mining license No 041/2019 was recently published and follows the environmental permit LOPM No 320459 published on October 7, 2019. The Trial Mining License now grants Altamira Gold and its partner FMS Investimentos e Participacoes Ltda. (\"FMS\") the right to process up to 50,000 tonnes per year from the southern part of the key Crente resource area, and is valid for 36 months The first Trial Mining license also allows Altamira and FMS to commence the construction of the processing facility in the Cajueiro Project area and will open up the southern portion of the highly-prospective Crente resource for feed for the plant (see press releases dated August 8, 2019 and October 16, 2019 for additional information)Altamira is pursuing Trial Mining Licenses over three additional claim blocks which would 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 28,559ha.Permitting activities related to the receipt of the three additional Trial Mining Licenses for the three claim blocks directly north of the Crente target are ongoing, however these are not necessary in order to commence construction or production from the current license (No 041/2019).Figure 1. Map showing location of the Trial Mining Area spanning four claim blocks including claim 866.160/2007To view an enhance...