Altamira Gold Says, Drill, Drill, Drill

Bob Moriarty
Archives
May 6, 2025

By all rights, gold should be in a correction after the ramp up higher over the past couple of months. Last week the price dropped from the record high of $3500 set two weeks ago but only dropped about $300 which wasn’t much of a correction. And in any case the Chinese gold markets were closed last week which meant no bids. As I write the Chinese are back in the market in a big way with gold up $75. I had a lot of emails with punters crying into their beer about the gold market being over.

It isn’t even near over. The highest the DSI ever got on gold was 87. When it gets around to topping it will be a lot more like 95 or 96. We have not had a top but a correction would be a good thing.

Meanwhile one of my advertisers just came out with a barn burning 43-101 resource for their Cajueiro gold project located in the prolific placer mining district of the Alta Floresta Gold Belt of central Brazil.

On May 5th, 2025 Altamira Gold (ALTA-V) released a maiden 43-101 for their Maria Bonita gold project, one of nine porphyry targets identified so far in their Cajueiro property. The new resource nearly doubles the amount of gold drilled so far at Cajueiro to 1.42 million ounces in total. With a market cap of only $22 million in CAD. That works out to about $12 an ounce in USD with a gram of gold being worth $107 today. This project has been productive in the past when mined by placer miners with the price of gold a tiny fraction of what it is today.

Altamira has all the pieces necessary to have a gold mine in production in a few short years. They have an existing oxide near surface resource with 90% recoveries shown from the lab. They have a total of nine top tier targets, only one of which has been tested so far. Obviously what they need to do now is to drill, drill, drill and that will take some money.

I was surprised at the lack of response from investors to the outstanding new 43-101. It seems the stock is off the radar scope of new investors but I expect that to change shortly.

Altamira is an advertiser. I have bought shares in the open market and will participate in any upcoming private placement so that makes me biased. It is these tiny low market cap cheap stocks that will gain the most in percentage terms. I liked the stock at higher prices, I love it down here.

Altamira Gold Corp
ALTA-V $.11 (May 05, 2025)
EQTRF-OTCBB 212 million shares 
Altamira Gold website

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Bob Moriarty
President: 321gold
Archives

321gold Ltd