Firenze Project Boasts Rock Chips up to 1,825 g/t Silver Ahead of 2026 Drilling

Strategic Acquisition and Immediate Field Activity

Altitude Minerals Ltd (ASX – ATT) has swiftly moved to advance its Firenze Silver & Gold Project in Nevada following the execution of a Definitive Purchase Agreement with Orogen Royalties Inc. The acquisition, formalised in mid-October 2025, marks a significant step for Altitude as it gains control over 90 unpatented mineral claims spanning 7.4 square kilometres in the highly prospective Clan Alpine Mountains of Churchill County.

With the deal now in place, Altitude’s geological team has commenced comprehensive field work, including detailed drone-based magnetic surveys, fine fraction soil sampling, and structural mapping of outcrops. These activities aim to refine drill targets and prepare the project for its first-ever drilling campaign, anticipated in early 2026.

A Project with Proven High-Grade Potential

The Firenze Project is notable for its outcropping low-sulphidation epithermal veins, which extend approximately 1,000 metres in strike length. Historical rock chip sampling has revealed exceptionally high grades, with silver concentrations reaching up to 1,825 grams per tonne and gold up to 44 grams per tonne. These bonanza-grade veins, hosted within rhyolitic tuffs, suggest the presence of a robust mineralising system that remains largely untested beneath shallow cover.

Geological analogues in the region, such as the nearby Paradise Peak Mine and Round Mountain deposits, underscore the potential scale and economic significance of the Firenze system. Altitude’s exploration strategy includes geophysical techniques like passive seismic and micro-gravity surveys to assess cover thickness and guide drilling, aiming to unlock both high-grade vein-style and disseminated silver-gold mineralisation.

Favourable Jurisdiction and Infrastructure

Nevada’s status as a Tier 1 mining jurisdiction, ranked second globally by the Fraser Institute for investment attractiveness, adds a layer of confidence to the project’s prospects. The Firenze claims benefit from year-round access via nearby Interstate-50 and established tracks, facilitating accelerated exploration activities. Importantly, the claims are fully granted by the Bureau of Land Management, allowing for all forms of exploration, including drilling, without significant land use conflicts.

The acquisition terms include an initial US$100,000 cash payment, with a further US$300,000 due upon claim transfer expected by the end of November 2025. A 3% royalty to Orogen Royalties, with a 1% buy-down option, aligns interests while preserving Altitude’s upside potential.

Looking Ahead

Altitude Minerals’ immediate focus is on completing detailed geophysical data processing and soil sampling results to finalise drill targets. The company’s methodical approach, combining modern exploration techniques with a strategic acquisition in a proven mining district, positions Firenze as a compelling opportunity in the silver and gold exploration space. The upcoming drill campaign in 2026 will be a critical milestone to test the project’s high-grade veins and potential large-scale mineralisation beneath cover.