Alto Confirms Large Gold System at Miner Lake, Ontario
18 Octobre 2011 - 1:00PM
Marketwired
Alto Ventures Ltd. (TSX VENTURE:ATV) is pleased to announce results
from the 2011 summer exploration programs on its 100% owned Miner
Lake Property located in the Beardmore-Geraldton Gold Belt,
Ontario. The programs consisted of extensive surface bedrock
sampling, geological mapping, mechanical and hydraulic stripping
and diamond drilling. The surface exploration continued to build on
work that started in 2010 and identified widespread breccia zones
with persistent gold mineralization. The drilling program consisted
of nine holes and was the first completed on the property by Alto.
Eight of the nine holes intersected significant gold anomalies with
hole MIN11-06 intersecting 39.2 m at an average grade of 0.6 g/t
gold.
"Results from our 2011 program are very positive," commented
Mike Koziol, President and Director of Alto. He adds, "The
persistent and widespread distribution of gold in the numerous
hydrothermal breccia zones is very encouraging because of the many
similarities in style of mineralization to the Cote Lake deposit
operated by Trelawney Resources. These early stage exploration
programs have confirmed the presence of a large gold-mineralizing
system on the property. The challenge now will be to drill into the
economic heart of this gold system."
The surface exploration identified widespread hydrothermal
breccia zones that contain anomalous gold mineralization within an
intermediate intrusive body. The size potential of the mineralized
breccia zones is not yet known but the intrusion hosting the gold
has surface dimensions of approximately 2.5 km by 1.5 km (see
Figure 1) and there are still large areas of the intrusion that
have not been prospected and sampled. Gold values up to 4.31 g/t
gold were obtained in the breccia zones from the 2011 surface
sampling. The breccia zones occur mainly as east striking bands, up
to tens of metres in width throughout the intrusion. The intrusion
is also sheared and pervasive sulphide mineralization with
anomalous gold and copper occurs associated with the sheared
areas.
The diamond drilling consisted of 1,732 m in nine holes testing
some of the breccia zones that were located during the 2010 and
2011 surface programs. Significant gold anomalies were intersected
in most of the drill holes including a wide zone in MIN11-06 which
intersected 39.2 m averaging 0.6 g/t gold. Hole MIN11-07
intersected three wide zones of significant gold mineralization
(see Table 1). The gold-bearing breccia zones that were tested are
open along strike and to depth. There are numerous other targets
that require drilling.
The Miner Lake Property had been subject to sporadic exploration
work prior to Alto's recent programs and only limited drilling was
completed in the past. One historical hole (CM08-04) was drilled
100 m west of Alto hole MIN11-04 and it intersected 36.7 m
averaging 0.25 g/t gold further confirming the widespread gold
system.
Table 1: Gold Mineralized Intervals From the 2011 Miner Lake
Drill Program
----------------------------------------------------------------------
Hole Name From (m) To (m) Width (m)(i) Au (g/t)
----------------------------------------------------------------------
MIN11-01 74.5 76.5 2.0 0.43
85.45 88.45 3.0 0.27
----------------------------------------------------------------------
MIN11-02 130.1 141.75 11.65 0.19
----------------------------------------------------------------------
MIN11-04 42.0 50.09 8.0 0.21
----------------------------------------------------------------------
MIN11-05 132 151.65 19.65 0.31
----------------------------------------------------------------------
MIN11-06 9.8 49 39.2 0.60
includes 13.4 14.9 1.5 4.24
87.5 98.0 10.5 0.38
----------------------------------------------------------------------
MIN11-07 9.0 27.5 18.5 0.38
32.5 47.5 15.0 0.74
58.0 59.0 1.0 1.95
77.0 94.0 17.0 0.26
115.0 116.0 1.0 1.71
123.0 124.0 1.0 2.03
----------------------------------------------------------------------
MIN11-08 77.2 89.0 11.8 0.38
----------------------------------------------------------------------
MIN11-09 38.0 38.9 0.90 1.76
----------------------------------------------------------------------
(i)Based on core angles, true widths are estimated at
approximately 70% of the downhole lengths reported. Mineralized
zones generally start at 0.1 g/t gold and assay averages may
include minimal intervals of waste material. No top cuts of assays
were used.
Qualified Persons
Mike Koziol, P. Geo., P.Eng., is the Qualified Person who has
reviewed and approved the other technical content in this news
release.
About the Miner Lake Property
The Miner Lake Property is located approximately 35 km northeast
of the Town of Beardmore, Ontario in the Beardmore-Geraldton Gold
Belt. Year-round access to the property can be gained by Trans
Canada Highway 11 and by major logging roads. Electric power is
available from the main transition lines that parallel Highway 11,
approximately 23 km south of the project. Labour, heavy equipment
and mining supplies are readily available in nearby communities as
well as Thunder Bay which is located approximately 250 road km from
the project.
The property is owned 100% by Alto and together with the
adjoining Greenoaks property, covers an area of 1,273 ha.
To view Figure 1 associated with this news release, please click
the following link:
http://media3.marketwire.com/docs/atvfig1.pdf.
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 active in Quebec in the Abitibi greenstone belt on
the Destiny gold property and in Ontario, exploring in the
Beardmore-Geraldton gold belt and the Coldstream project in the
Shebandowan gold district.
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.comwww.altoventures.com
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