Alto Ventures Ltd.: Summer Program Started at Miner Lake, Beardmore-Geraldton Gold Belt, Ontario
23 Juin 2011 - 12:00PM
Marketwired
Alto Ventures Ltd. (TSX VENTURE: ATV) is pleased to announce that
its summer exploration program has started at Miner Lake in the
Beardmore-Geraldton Gold Belt. The objective of this surface work
is to better define targets for a diamond drilling program
scheduled to start in July. The surface work includes geological
mapping, outcrop washing and saw-cut channel sampling.
Mike Koziol, President & Director of Alto, states,
"Exploring the Miner Lake property has been very exciting. The
recognition that gold occurs in wide sulphide-bearing shear zones
and breccias rather than in narrow quartz vein settings is
encouraging as this style of mineralization is favourable for the
formation of large deposits. We are looking forward with great
anticipation to the drilling program that will follow in July."
Gold mineralization at Miner Lake is associated with extensive
zones of shearing and areas of hydrothermally altered breccias in a
quartz-diorite to a diorite intrusive plug and the surrounding
volcanic rocks. Pervasive sulphide mineralization of pyrrhotite,
pyrite and chalcopyrite occurs throughout the intrusive, including
some zones of mineralization that exceed 60 m in width. Surface
sampling by Alto in 2009 and 2010 has confirmed the widespread
distribution of gold including wide zones up to 19 m averaging 1.78
g/t gold and 0.11% copper in saw cut channels and up to 25.2 g/t
gold in grab samples (see Alto News Release dated May 26, 2010).
The size potential of the shear and breccia zones is not yet known
but the intrusive body that hosts the gold has surface dimensions
of 2.5 km by 1km and gold mineralization has been found at numerous
locations within the intrusive, and recently near its boundaries
(to see figure please click on:
http://media3.marketwire.com/docs/atv623.pdf).
The Miner Lake property had been subject to sporadic exploration
work prior to Alto's 2010 program and the areas of gold
mineralization have not been drilled previously. The property is
located only 50 road kilometres from the Town of Beardmore and is
easily accessible to drilling and other exploration work all
year-round.
Mike Koziol, P.Geo., P.Eng., Alto's President and Director is
the Qualified Person who has reviewed and approved the content of
this news release.
About Alto Ventures Ltd.
Alto Ventures Ltd. is an exploration and development company
with a portfolio of highly prospective Canadian gold properties.
The Company is developing advanced projects at its Destiny gold
property in Quebec and its Coldstream gold property in Ontario.
Further exploration activities are planned on its
Beardmore-Geraldton gold properties, the Oxford Lake gold project
in Manitoba and the Chilko gold project in British Columbia. For
more details regarding the Company's projects, please visit our
website at www.altoventures.com.
ON BEHALF OF THE BOARD,
Richard J. Mazur, P.Geo., CEO
Neither the 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.
Contacts: Alto Ventures Ltd. Mike Koziol President and Director
705-522-6372 705-522-8856 (FAX) koziol@altoventures.com Alto
Ventures Ltd. Rick Mazur CEO & Director 604-689-2599
604-689-3609 (FAX) info@altoventures.com www.altoventures.com
Alto Ventures (TSXV:ATV)
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