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    ALTA   CA02139L1031

ALTAMIRA GOLD CORP.

(ALTA)
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Altamira Gold Announces Approval of Environmental Permit for Mutum Target, Apiacas Project

04/21/2021 | 08:40am EDT

Altamira Gold Corp. announced that environmental process LOP No 324020/2021 within the Mutum gold target at its 100% controlled Apiacas gold project in Brazil has been approved. This permit allows Altamira to complete trenching and drilling over the target area. The environmental department of the state of Mato Grosso, SEMA/MT has approved the environmental permit LOP No 324020 covering the central area of the Mutum target The permit allows Altamira to trench and drill the Mutum target at the Apiacas project and is valid until 06/04/2024 The previously announced IP survey is expected to commence by the end of April 2021 and will guide the subsequent trenching and drill program. The IP survey will help to define the limits of the altered and mineralized intrusive rock with disseminated pyrite and gold Line cutting and topographic surveying has now begun over the 38.5km line grid and detailed geological mapping and sampling will be conducted over these lines to help site the initial drill holes planned for mid-2021 The environmental department of the state of Mato Grosso, SEMA/MT has approved the environmental permit LOP No 324020 covering the central area of the Mutum target which allows Altamira to trench and drill the Mutum target at the Apiacas project. The permit covers part of the ANM 846.947/2018 exploration permit and is valid until 06/04/2024. This is a significant milestone in testing the potential of the Mutum target. Line cutting and topographic surveying for the previously announced IP survey has now begun over the 38.5 kilometer line grid and detailed geological mapping and sampling will be conducted over these lines to help site the initial drill holes planned for mid-2021. The IP survey will be completed by AFC Geofísica Ltda and is expected to commence by the end of April 2021. The IP survey will help to define the limits of the altered and mineralized intrusive rock with disseminated pyrite and gold, and will guide the subsequent trenching and drill program.


ę S&P Capital IQ 2021
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Financials
Sales 2021 - - -
Net income 2021 -1,60 M -1,26 M -1,26 M
Net cash 2021 4,03 M 3,18 M 3,18 M
P/E ratio 2021 -14,3x
Yield 2021 -
Capitalization 32,0 M 25,2 M 25,2 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 89,9%
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Managers and Directors
Michael Bennett President, Chief Executive Officer & Director
Soraia Morais Chief Financial Officer
Alan H. C. Carter Chairman
Christopher Harris Independent Director
Ioannis Tsitos Independent Director
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