Bonanza Silver & Gold Strikes Propel Altitude Minerals' Firenze Project
Altitude Minerals (ASX: ATT) has completed its purchase agreement and due diligence for the Firenze Silver & Gold Project in Nevada, securing a never-drilled property with extraordinary high-grade precious metals potential.
Spectacular Rock Chip Results Signal Major Discovery Potential
The Firenze Project has delivered eye-watering assay results from rock chip sampling, including:
- 1,825 g/t silver with 22.5 g/t gold
- 1,250 g/t silver with 9.3 g/t gold
- 534 g/t silver with 43.9 g/t gold
- 974 g/t silver with 18.5 g/t gold
These bonanza grades come from outcropping low-sulphidation epithermal veins that extend approximately 1,000 meters in strike length and remain open to the east under shallow cover.
"Altitude is delighted to have completed the definitive purchase agreement and due diligence process for the Firenze Silver & Gold Project. This acquisition secures a highly prospective, never-drilled silver-gold system in one of the world's premier mining jurisdictions," said Duncan Chessell, Managing Director.
Strategic Nevada Foothold in a Tier-1 Mining Jurisdiction
The Firenze Project represents a significant strategic acquisition in Nevada, ranked #2 globally by the Fraser Institute for mining investment attractiveness. The property was only recently opened to exploration following Bureau of Land Management reclassification of a former Wilderness Study Area.
This prime location places Altitude in the same geological terrain as several major precious metals operations:
| Nearby Mines | Production/Resources |
|---|---|
| Paradise Peak | 1.6 Moz gold, 24.1 Moz silver |
| Round Mountain | 20.7 Moz gold, 16 Moz silver |
| Denton-Rawhide | 1.9 Moz gold, 15 Moz silver |
The project's exceptional accessibility—just 10 km from Interstate-50 with existing tracks to significant outcrops—will enable accelerated, year-round exploration.
Understanding Low-Sulphidation Epithermal Systems
Low-sulphidation epithermal deposits represent some of the world's richest gold and silver mines. These systems form near the surface (within 1-2 km) when mineral-rich hydrothermal fluids rise through fractures in the earth's crust, cooling and depositing precious metals.
What makes the Firenze Project particularly exciting is that the surface samples displaying bonanza grades likely represent just the beginning of the potential mineralisation. In epithermal systems, the richest mineralisation often occurs at the "boiling zone" where pressure and temperature conditions are optimal for precious metal deposition.
The geological indicators observed at Firenze—quartz-adularia veins with illite, kaolinite, acanthite, and silver sulfosalts—are typical signatures of the upper portions of these systems. This suggests potential for more extensive mineralisation both at depth and under the shallow cover to the east.
Key Characteristics of Low-Sulphidation Epithermal Systems:
- Form from low-temperature (150-300°C), near-neutral pH fluids
- Typically contain quartz, adularia, calcite, and clay minerals
- Often display distinctive banding and vuggy textures in quartz veins
- Precious metals frequently occur as native elements or sulphides
- Mineralisation commonly concentrates in structural features like faults and fractures
- Vertical zonation with different mineral assemblages at different depths
Acquisition Terms and Forward Strategy
Altitude has secured the Firenze Project through a definitive agreement with Orogen Royalties Inc. (TSXV: OGN), a company with an established track record of identifying promising mineral properties. Most notably, Orogen recognised the pre-discovery opportunity at Nevada's Silicon gold deposit, which has now grown to 16.3 million ounces of gold alongside the Merlin deposit.
The purchase terms include:
- US$100,000 in immediate cash payment
- US$300,000 in cash or shares before 30 November 2025
- A 3% royalty to Orogen (with 1% buydown option for US$1.5M)
Altitude is advancing the project promptly, with plans to immediately commence:
- Detailed geological mapping
- Geophysical surveys (magnetics, gravity, passive seismic)
- Drill target development
- First drilling program slated for H1 2026
"Altitude will shortly commence detailed mapping, geophysics, and drill planning for the first drill program, scheduled to begin in H1 2026. The Firenze Project offers genuine potential for discovery of high-grade epithermal veins and a large-scale gold-silver system like the Silicon and Merlin deposits in Nevada," noted Duncan Chessell, Managing Director.
Investment Potential: Two-Pronged Opportunity
What makes Firenze particularly compelling for investors is its dual-track discovery potential:
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High-Grade Vein System: The outcropping veins with bonanza grades offer immediate drill targets with potential for a high-margin mining operation.
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Large-Scale Disseminated Deposit: The geological setting also supports potential for a much larger disseminated gold-silver system under shallow cover—similar to the Silicon-Merlin deposits that grew to over 16 million ounces of gold.
With Altitude's technical team, which includes professionals involved in over $100 billion worth of discoveries, the company is well-positioned to rapidly advance this promising project.
Why Investors Should Follow Altitude Minerals
Altitude Minerals presents a compelling investment case based on several key factors:
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Virgin Territory: The Firenze Project has never been drilled despite exceptional surface samples, offering genuine discovery potential.
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Proven Team: Management with a track record of major discoveries is applying systematic exploration to rapidly advance the project.
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Location Advantage: Nevada's tier-1 jurisdiction status, excellent infrastructure, and year-round accessibility minimise operational risks.
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Dual Discovery Potential: Both high-grade epithermal veins and large-scale disseminated mineralisation could be confirmed with upcoming drill programs.
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Clear Catalysts: With detailed mapping, geophysics, and drilling planned over the next 6-12 months, investors can expect a steady flow of news.
As exploration companies worldwide struggle to make significant discoveries, Altitude has secured a project with exceptional grades in America's premier mining jurisdiction—right as precious metals prices strengthen. The combination of high-grade targets, proven exploration team, and imminent drilling makes Altitude Minerals a company worth watching closely in 2026.
Want to Invest in a Promising Nevada Gold & Silver Discovery?
Discover why Altitude Minerals' never-drilled Firenze Project—featuring bonanza grades up to 1,825 g/t silver and 43.9 g/t gold in a premier mining jurisdiction—could represent a compelling investment opportunity. With an experienced management team, imminent exploration activities, and dual discovery potential, Altitude is positioned for potential significant growth. For comprehensive investor information and to follow their progress in unlocking this exciting Nevada silver and gold opportunity, visit Altitude Minerals' Investor Centre today.
