Altamira Gold Receives Environmental Permit for Two Trial Mining Licences Within the Central Mineral Resource Area of the Cajueiro District, Brazil

Core Viewpoint - Altamira Gold Corp. has received an Environmental Installation License for trial mining at the Cajueiro Project in Brazil, marking a significant milestone for the company and potentially paving the way for future mining activities [1][2]. Cajueiro Project Overview - The Cajueiro project is located approximately 75 km NW of Alta Floresta in Mato Grosso, Brazil, and is accessible by road, situated on open farmland with grid power and local water supply [3]. - The project is the most advanced among Altamira's key projects in the region [3]. Environmental License Details - The Environmental Installation License (LI No. 3651/2025) is valid for two years until September 22, 2027, covering the northern part of the Central Resource Area [4][13]. - The license allows for the construction of a plant to process up to 100,000 tonnes of material per year across two mineral rights [4][13]. Resource Estimates - The Cajueiro Central area has an open pit resource of 5.66 million tonnes at 1.02 g/t gold, totaling 185,000 ounces in the Indicated Resource category, and 12.66 million tonnes at 1.26 g/t gold, totaling 515,000 ounces in the Inferred Resource category [6]. - The Maria Bonita open-pit resource consists of Indicated Resources of 24.19 million tonnes at 0.46 g/t gold (357,800 ounces) and Inferred Resources of 25.64 million tonnes at 0.44 g/t gold (362,400 ounces) [7]. Potential Benefits of Trial Mining - Trial mining could provide near-term cash flow, generate valuable geological information, and enhance understanding of gold mineralization at the Cajueiro Central deposit [2][4]. - The Baldo and Matrincha targets are identified as potential sources of feed for the trial mining operation [4][13]. Exploration and Development Potential - Ongoing exploration indicates the presence of multiple porphyry gold systems, reinforcing the potential for district-scale development [18]. - The region has a historical record of significant gold production, highlighting its exceptional gold endowment and scalability potential [18].