Alta Vista Ventures Ltd. (TSX-V – AVV and Frankfurt – YAB) is pleased to announce that it has assigned an open ended term of exclusivity for its wholly owned Orofino Property located in Sonora State, Mexico to Argonaut Gold Inc. (AR.T).
Alta Vista has received US $5,000 upon signing of the agreement and will be paid US $10,000 at the beginning of each calendar month that the exclusivity to the property continues.
A comprehensive due diligence work program has started at Orofino. As per the terms of the agreement, all results from any work performed within the Orofino property will be given to Alta Vista at the conclusion of the term of exclusivity. Should any results be considered material to Alta Vista they will be reported after receipt.
Please note that this in no way is an assurance to the future option or purchase of the Orofino Property, however, management is pleased at the level of commitment shown towards the property to date.
Dos Naciones:
Alta Vista has terminated the option with Del Toro Silver for the Dos Naciones property and a 100% interest in the property has been returned to Alta Vista. As a result Dos Naciones will be added to the projects available for option.
On behalf of the Board,
“Ian Foreman”
Ian Foreman, P.Geo.
President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Sep 13, 2013
Alta Vista Assigns Term of Exclusivity for Orofino to Argonaut
Alta Vista Ventures Ltd. (TSX-V – AVV and Frankfurt – YAB) is pleased to announce that it has assigned an open ended term of exclusivity for its wholly owned Orofino Property located in Sonora State, Mexico to Argonaut Gold Inc. (AR.T).
Alta Vista has received US $5,000 upon signing of the agreement and will be paid US $10,000 at the beginning of each calendar month that the exclusivity to the property continues.
A comprehensive due diligence work program has started at Orofino. As per the terms of the agreement, all results from any work performed within the Orofino property will be given to Alta Vista at the conclusion of the term of exclusivity. Should any results be considered material to Alta Vista they will be reported after receipt.
Please note that this in no way is an assurance to the future option or purchase of the Orofino Property, however, management is pleased at the level of commitment shown towards the property to date.
Dos Naciones:
Alta Vista has terminated the option with Del Toro Silver for the Dos Naciones property and a 100% interest in the property has been returned to Alta Vista. As a result Dos Naciones will be added to the projects available for option.
On behalf of the Board,
“Ian Foreman”
Ian Foreman, P.Geo.
President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
