In a statement released late Friday, the company told investors that it expects its shares will be delisted from the TSX-V at the close of trading this Wednesday, and will begin trading on the CSE at market open on Thursday, September 11.
It said its name and trading symbol, "AVV", will remain the same. No details were given for the reason behind the move in exchange.
Earlier this summer, Alta Vista's partner Tosca Mining released some analytical results from the recently completed drilling program on their Carol project in Mexico. The company said drilling tested a target area of 875 metres in length, with a total of 400 samples sent for analysis. Core samples ranged in length from 0.5 to 2 metres, while values were as high as 0.288 grams per tonne (g/t) gold, 9.2 g/t silver, 2.39% copper, 0.1% lead and 1.06% zinc.
The widest intervals found were from hole 5, which intersected 0.98% zinc over 2 metres from 6 to 8 metres depth, and 0.29% copper over 3 metres from 26 to 29 metres depth.
Alta Vista, in common with other explorers, identifies and acquires properties that it feels exhibit high potential, and then compiles data and performs first pass confirmatory exploration, advancing its assets – ideally to drill-ready stage. From here, it deviates from the common path of junior explorers by bringing in a partner that earns an interest in the project by providing funding for further exploration.
The Carol property is located about 4 km from the Piedras Verdes porphyry deposit, Mexico's third largest copper producer at more than 70 million pounds per year.