Disseminated on Behalf of: Altamira Gold Corp.
- Gold prices are shattering records as central bank demand surges, but new discoveries are increasingly rare, leaving the global pipeline of future mines under pressure.
- Altamira has defined two mineral resources: a 700,000-ounce resource in the Central area and a newly defined 720,000-ounce resource at Maria Bonita, Brazil’s first porphyry gold system, with nine additional high-potential targets nearby, positioning the company to build a district-scale portfolio.
- Backed by Crescat Capital and Aura Minerals, Altamira is funded and permitted to fast-track bulk sampling, with upcoming deep drill results and new target drilling expected to rapidly expand resources and drive early-stage production.
Driven by geopolitical tensions, economic uncertainty, and surging demand from central banks and investors, gold is enjoying a historic run with prices shattering records 40 times in 2024 and another 26 times in the first half of 2025, says the World Gold Council.
But while prices are soaring, new discoveries are becoming alarmingly rare.
A recent S&P Global Commodity Insights report revealed that since 2020, only six major deposits totaling 27 million ounces have been discovered worldwide, and with fewer companies searching for new deposits, the global pipeline of future gold mines is thinning just as demand reaches record highs.
In this environment, Altamira Gold Corp. (TSXV: ALTA | FSE: T6UP | OTCQB: EQTRF) is shining bright with breakthrough discoveries in Brazil, revealing a district-scale gold system with the potential to deliver critical new ounces as global supply tightens and demand continues to surge.
We are working towards turning this into a multi-million-ounce project… recent exploration results continue to confirm the scale and potential of this district.
— Michael Bennett, President & CEO of Altamira Gold Corp.
Altamira’s work in the prolific Alta Floresta Gold Belt, a region long known for artisanal mining but largely untouched by modern exploration, is transforming the area into one of the most promising new gold frontiers in the world.
“When I first went to see the property, I noticed there was a very large area, something like 15 to 18 kilometres in east-west extension, where every single stream had been worked for gold by the local miners,” said Michael Bennett, President & CEO of Altamira. “We are working towards turning this into a multi-million-ounce project… recent exploration results continue to confirm the scale and potential of this district.”
Maria Bonita is a game-changing discovery
Altamira’s flagship Cajueiro Project already hosts two NI 43-101 compliant gold resources. The Cajueiro Central deposit contains 185,000 ounces indicated and 515,000 ounces inferred, with near-surface oxide material showing exceptional recoveries of 94–96% in metallurgical testing. The real game-changer, however, is Maria Bonita, located just seven kilometres away. This is Brazil’s first identified porphyry gold system, introducing an entirely new geological model to the country.
With only 4,815 metres of drilling, Altamira has defined a maiden open-pit resource of 357,800 ounces indicated and 362,400 ounces inferred for a total of 720,000 ounces. This demonstrates one of the most cost-effective resource builds in the industry.
The standout drill hole, MBA029, returned 213 metres grading 0.8 g/t gold from surface, including 146 metres at 1 g/t gold, with mineralization open to the west, south, and at depth.
Maria Bonita is just one of nine porphyry gold targets identified within a 10-kilometre radius of Cajueiro.
“In September, Altamira completed its first deep drill hole in Maria Bonita, MBA032, which intersected over 500 metres of altered porphyritic rock. Assay results are pending, but the scale of alteration suggests Maria Bonita could be far larger than initially envisioned,” said Bennett.
Surface sampling at nearby Tavares Norte, another of Altamira’s targets, has been equally promising, with assays returning up to 27.5 g/t gold along with anomalous copper and molybdenum, which are strong indicators of additional porphyry-style mineralization.
“If you’re a shareholder, you can start to see how this could rapidly build into a much bigger resource,” said Bennett.
World-class infrastructure and low-cost power
Unlike many early-stage discoveries, Cajueiro benefits from world-class infrastructure. The project sits on open farmland with paved highway access, abundant water, and grid power. A 1.8 GW hydroelectric plant located just 20 kilometres away ensures low-cost, reliable energy for future operations.
Altamira also owns the surface rights to Maria Bonita, a 409-hectare farm that reduces permitting risk and gives the company full control of development timelines.
“We bought the farm that Maria Bonita sits on. So, we’re not only the mining rights holders, we’re also the landowners,” said Bennett.
This structure enables Altamira to move quickly toward bulk sampling and pilot-scale production. The company already holds licenses to process up to 100,000 tonnes of near-surface oxide material annually, pending final environmental approvals.
Strong financial backing fuels growth
Altamira’s story is supported by strong financial backing. In July, the company closed a C$5.3 million private placement, upsized due to investor demand. Strategic investors, Crescat Capital and Aura Minerals, two of its largest shareholders, participated heavily in the financing.
Crescat’s CEO, Kevin Smith, describes Maria Bonita as a “fast-growing exploration story” with the potential to expand rapidly through cost-effective drilling.
The next few months will be pivotal for Altamira’s growth story. Key catalysts on the horizon include assay results from deep drill hole MBA032, which could confirm a larger intrusive system, scout drilling on at least five new regional targets by year-end, bulk sampling permits that will pave the way for early-stage production and cash flow, and an updated resource estimate, expected in 2026, reflecting results from the current program.
For investors seeking early exposure to Brazil’s next major gold district, Altamira offers a unique entry point with multiple near-term catalysts and a clear path to growth.
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