New company profile - The Assay

New company profile

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Altamira Gold

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Altamira Gold Company Profile
Company Exposure


Company Listing

Altamira Gold

Stock Code


Company Overview

Altamira Gold is focused on creating shareholder value for its investors and stakeholders through developing its current assets and significantly expanding the known resources. The corporate strategy is to advance exceptional property holdings in highly developed and prospective districts and follow through with focused exploration and growth programmes.


• Experienced management team – 4 gold discoveries in Brazil all with NI 43- 101 compliant resources; Cajuiero, Coringa, Cuiú Cuiú and Tocantinzinho and also 1 in Bolivia. Ex-Magellan, Serabi Mining, Meridian Mining

• Brazil focus – 12 license areas which are 100% owned, comprising +200,000ha in the prolific Juruena gold belt (7-10Moz of artisanal gold production)

• Advanced Cajueiro project has a NI 43-101 resource. Indicated resources of 214,000oz Au and Inferred resources of 204,000oz Au and an additional 79,000oz at 1.61 g/t Au in oxides (as Saprolite). Resource based on +11,000 meters of drilling. 1,034.81m amount of recent drilling completed not added to this calculation yet

• Three new zones discovered mid-2017 at Baldo East of significantly higher grade with potential for additional 1-2Moz

• All of the projects are situated on cattle ranch land. Cajueiro including Baldo East are located 1 hour 15 minutes drive from airport in Alta


Michael Bennett – President & CEO
Alan Carter – Chairman
Michael O’Brien – CFO
Ioannis Tsitos – Director
Ian Talbot – Director
Chris Harris – Director

Major Shareholders

Michael Bennett – 4.19%
Christopher Harris – 2.85%
Alan H.C. Carter – 2.35%

Live Financials

Latest Announcements

Share Price Performance

Projects Overview

 • Cajueiro
»» Baldo East Discovery

• Crepori

• Apiacas

• Plus several more of high interest


Project Infrastructure

  • • Land use is mainly for cattle ranches
  • • Extensive network of power lines and roads
  • • Rio Teles Pires hydro project recently completed near Cajueiro. Grid power during 2018
  • • Daily flights to Alta Floresta on Azul Airlines with connections to Sao Paolo etc.
New company profile
Cajuiero Project

  • • Historic placer gold workings previously produced +250,000oz Au• Project area is 39,053 hectares with granted mining licenses
    • Indicated Resources of 8.64Mt at 0.78 g/t Au (for 214,000oz)
    • Inferred Resources of 9.53Mt at 0.66g/t Au (for 204,000oz)
    • Additional 1.37Mt at 1.61 g/t in Oxides (for 79,000oz in Oxides in Saprolite) also in the Inferred category
    • Two new zones discovered at Baldo East during 2017
    • 6m @ 21.7 g/t in trench 20, 7m @ 5.53 g/t & 2m @ 8.30 g/t gold in trench 25
    • Soil sampling has identified 10 gold anomalies – 4 have been only partially drill tested. 85% of soil anomalies are untested
    • Baldo East Trenching- extends the strike extent of two continuous high-grade mineralized structures
    • Trench TCBL-29 Baldo East 1 zone, 200m east of trench TCBL-19. TCBL-29 include 10m @ 1.82g/t gold and 7m @ 1.79 g/t gold including 1m @ 7.23 g/t gold. The Baldo East 1 zone now extends over approximately 900m and is still open along strike to the east
    • Trench TCBL-28 was developed 200m east of trench TCBL- 25 which cut three parallel brecciated zones and returned 7m @ 5.53 g/t, and 2m @ 8.30g/t
    • Results from trench TCBL-28 include 29m @ 03 g/t gold including 7m @ 5.42 g/t gold and 4m @ 8.07 g/t gold. This structure has now been traced over 250m of strike and is open to both the east and west


  • Metallurgy

    • Metallurgical testing conducted in 2016 returned gold recovery rates of 93.7% to 96.2% from gravity and cyanide leaching
    • Altamira has a permit to mine at Cajueiro through a Trial Mining License which has been granted

  • Crepori

  • • Surface sampling has returned values up to 1022.98 g/t with approximately 10% of surface samples returning +5 g/t gold
    • 8,323 ha with historical small-scale alluvial production from surface
    • Good access. Located 105 km SSW of Eldorado Gold’s TZ project which is expected to produce 170,000oz of gold per year
    • Small-scale historical mining was conducted along at least six gold bearing quartz veins
    • Extensive placer workings cover several square km. No previous drilling
    • Results pending on 7 drill holes

  • • Located due west of Cajueiro project along the same trend
    • Historic placer gold workings produced +500,000oz Au
    • 80,403ha granted, additional 38,391ha under application
    • Gold mineralization confirmed. No previous drilling
    • Surface grab samples thus far returned values of +5g/t gold with a maximum of 118.7g/t gold
    • Several obvious drill targets including Bragatte, Papagaio and Paulinho Troca Tiro
    • Results currently pending on additional surface rock samples

Contact Details



PHONE: +1-833-606-6271

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