Firenze Project Boasts Rock Chips up to 1,825 g/t Silver and 44 g/t Gold

A Rare Nevada Opportunity

Altitude Minerals Ltd (ASX – ATT) has announced a significant step forward with the securing of an exclusive option agreement to acquire the Firenze Silver & Gold Project, located in Nevada’s highly regarded Churchill County. This 90-claim package on Bureau of Land Management (BLM) land offers a rare chance to explore high-grade silver and gold mineralisation that has never been drilled.

The project area, previously classified as a Wilderness Study Area until late 2022, was off-limits to drilling and modern exploration techniques. With the recent rezoning by the BLM, Altitude now has the green light to advance exploration activities, unlocking potential that has been largely untouched for over four decades.

Exceptional Surface Grades and Geological Promise

Surface rock chip sampling conducted by the vendor, Orogen Royalties Inc, has revealed bonanza-grade assays, including standout results of up to 1,825 grams per tonne (g/t) silver and 44 g/t gold. These outcropping low-sulphidation epithermal veins extend approximately 1,000 metres in strike length and remain open to the east, suggesting significant upside potential beneath shallow cover.

The geological setting is analogous to the nearby Silicon Deposit, a world-class gold discovery, indicating the possibility of both high-grade vein-style deposits and larger-scale disseminated silver-gold mineralisation. The project’s location within Nevada, ranked second globally by the Fraser Institute for mining investment attractiveness, further enhances its appeal.

Strategic Location and Infrastructure

Firenze’s proximity to major infrastructure is a notable advantage. Situated just 10 kilometres from Interstate-50 and accessible via four-wheel-drive tracks, the project is only two hours from Reno, a hub for exploration services. Nearby historic and active mines such as Paradise Peak, Round Mountain, and Denton-Rawhide underscore the district’s proven mineral endowment.

Next Steps Toward Drilling

Altitude plans to complete legal due diligence and finalize the purchase of the claims by late 2025. Preparatory work including alteration and structural mapping, infill geophysical surveys (magnetic, radiometric, gravity, and passive seismic), and permitting with the BLM is underway. The company aims to commence a drill program in the first half of 2026, targeting high-priority zones identified through these studies.

Managing Director Duncan Chessell highlighted the uniqueness of the opportunity, emphasizing the project’s bonanza-grade surface grades and the untapped potential due to historical access restrictions. The acquisition aligns with Altitude’s strategy to rapidly advance high-quality drill targets within established mining jurisdictions.