Alta Vista Ventures Ltd. (CSE:UAV) reports that their wholly owned subsidiary Pioneer Aerial Surveys Ltd. (“Pioneer Aerial”) has signed a term sheet establishing a strategic partnership with Abitibi Geophysics Inc. (“Abitibi”), an internationally renowned geophysics company.
Under the terms of the agreement Abitibi and Pioneer Aerial will operate on a revenue sharing basis for surveys organized by Abitibi. These airborne magnetometer surveys will be branded as AeroVisionTM and use Pioneer Aerial’s UAV-MAG™ system.
Michael Burns, director of Alta Vista comments “This partnership is an exciting opportunity for Pioneer Aerial to significantly expand its market presence and deliver high quality surveys in partnership with an internationally respected geophysics company. We have already successfully completed two joint surveys this year, and are looking forward to performing additional surveys with Abitibi.”
Representatives of Pioneer Aerial will be at Abitibi’s booth at the 2017 Prospectors and Developers Association of Canada annual conference in Toronto where investors and clients are encouraged to visit and learn more about the strategic partnership.
About Abitibi Geophysics
Abitibi Geophysics is a premier geophysical company renowned internationally for its expertise in mineral exploration and in geophysics, with significant know-how in geophysical surveys including survey design, data acquisition, processing, modelling/inversion, and interpretation. Of importance to the newly formed strategic partnership, Abitibi is also developing leading edge lightweight sensors for electromagnetic exploration that could potentially be used with a UAV.
For more information about Abitibi please refer to their website www.ageophysics.com
About Pioneer Aerial
Pioneer Aerial Surveys Ltd. is leading the industry in Unmanned Aerial Vehicle remote sensing for mineral exploration, mine site surveys and safety inspections. The UAV-MAG™ system is the first commercially successful UAV based geophysics system available in the market, and continues to push the limits and capabilities of remote sensing in the exploration industry.
For more information about Pioneer Aerial please refer to their website www.pioneeraerial.ca
About Alta Vista? Ventures
Through its wholly owned subsidiaries – Pioneer Aerial Surveys and High Eye Aerial Imaging – Alta Vista Ventures is implementing its plan to become a full spectrum leader within the Unmanned Aerial Vehicle (or ‘UAV’) industry. Alta Vista will continue its growth through expanding the business of its subsidiaries and the continued evaluation of potential acquisition with the goal of creating a consortium of businesses that will cover all aspects of the UAV industry.
For more information about Alta Vista please refer to their website www.altavistaventures.ca
On behalf of the Board,
“Jason Springett”
Jason Springett
President & CEO
For additional information on Alta Vista Ventures please contact the Company at 604-678-2531
Neither Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) 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.
