Alta Vista Ventures Ltd. (TSX-V – AVV and Frankfurt – YAB) is pleased to report that it has terminated the Option Agreement with Overlord Capital Corp. for the 7,979 hectare (79.8 km²) Orofino Property, located 135 km southeast of Hermosillo, Sonora. The property has now returned 100% to Alta Vista.
Work performed at Orofino during 2012 included soil sampling as well as trenching at the San Francisco Target, which identified disseminated gold and silver mineralization that had previously not been recognized within the property.
As reported on October 30, 2012, the program at San Francisco was designed as follow up on initial chip sampling that returned narrow high grade intervals from outcrop of up to 2.70 g/t gold and 529.8 g/t silver over a length of 2.1 metres (see news release dated June 28, 2010). At San Francisco there is 30 to 40 metre wide zone of strong oxidation centred on a 5 to 6 metre wide core area of strong silicification and veining. It has been traced in the field for 300 metres along strike and remains open in both directions. This trenching confirms the potential for the zone to contain a ‘bulk tonnage’ style gold-silver target.
The results from the two trenches, spaced approximately 150 metres apart, are given below:
“There appears to be a renewed interest in the area surrounding the Orofino Project and over the past months we have received numerous requests regarding the project. We will now be able to follow up with these companies that have shown interest in the property”, stated President Ian Foreman, P.Geo.
Ian Foreman, P.Geo., is Alta Vista’s Qualified Person, according to National Instrument 43-101, for the Orofino property and is responsible for any technical data mentioned in this news release.
On behalf of the Board,
“Ian Foreman”
Ian Foreman, P.Geo.
President
For additional information on Alta Vista Ventures please call the Company at 604-678-2531.
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.
Work performed at Orofino during 2012 included soil sampling as well as trenching at the San Francisco Target, which identified disseminated gold and silver mineralization that had previously not been recognized within the property.
As reported on October 30, 2012, the program at San Francisco was designed as follow up on initial chip sampling that returned narrow high grade intervals from outcrop of up to 2.70 g/t gold and 529.8 g/t silver over a length of 2.1 metres (see news release dated June 28, 2010). At San Francisco there is 30 to 40 metre wide zone of strong oxidation centred on a 5 to 6 metre wide core area of strong silicification and veining. It has been traced in the field for 300 metres along strike and remains open in both directions. This trenching confirms the potential for the zone to contain a ‘bulk tonnage’ style gold-silver target.
The results from the two trenches, spaced approximately 150 metres apart, are given below:
- Trench #1 returned a weighted average of 0.17 g/t gold and 33.49 g/t silver over 8.5 metres
- Trench #2 returned a weighted average of 0.67 g/t gold and 19.47 g/t silver over 25.0 metres (with the results being open in both directions)
“There appears to be a renewed interest in the area surrounding the Orofino Project and over the past months we have received numerous requests regarding the project. We will now be able to follow up with these companies that have shown interest in the property”, stated President Ian Foreman, P.Geo.
Ian Foreman, P.Geo., is Alta Vista’s Qualified Person, according to National Instrument 43-101, for the Orofino property and is responsible for any technical data mentioned in this news release.
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.
