Having raised $500,000 through a private placement of 1 million shares, Altavista Mines (ME) is ready to begin drilling its Santa Anna gold property in northwestern Quebec.
A 50-hole program of definition drilling will be carried out on the 1,880-hectare property, situated 15 km west of La Sarre. The work will be aimed at establishing reserves on the Granite showing, which previously returned commercial gold grades from a bulk sample. These grades suggest the showing could support an open-pit operation with on-site ore treatment facilities.
Altavista will also drill four holes to test for nickel mineralization along a 2-km contact between two favorable units.
Altavista now has more than $900,000 in cash and 5.1 million shares outstanding.
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