ATV Alto Ventures Ltd

Alto Ventures Ltd. ("ATV") (TSX VENTURE:ATV)-



--  Exploration Program planned in two phases including: 

    1.  2500 MMI(TM) Geochemistry Program 
    2.  10,000 metre drill program to expand the known Resource in DAC
        Deposit 

--  Mobile Metal Ion (MMI(TM)) soil geochemistry survey has started. 
--  MMI(TM) results could generate new drill targets at shallow depths along
    four kilometre strike of the favourable structure that hosts the DAC
    Deposit, with an Indicate Resource of approximately 364,000 ounces gold
    and an Inferred Resource of approximately 247,000 ounces of gold 
--  Diamond drilling is slated to commence on expanded targets in Winter
    2011 



Alto Ventures Ltd. ("ATV") (TSX VENTURE:ATV) and Pacific North West Capital
Corp. ("PFN") (TSX:PFN)(OTCBB:PAWEF)(FRANKFURT:P7J) (together "the Companies")
are pleased to announce that a Mobile Metal Ion (MMI(TM)) soil geochemistry
survey has commenced on the Destiny Gold Project located near Val d'Or, Quebec.
The MMI(TM) survey is the first phase of a two phase exploration program. The
second phase will include 10,000 m of drilling to expand the known Resource in
the DAC Deposit.


The DAC Deposit is one of several significant gold occurrences along a four
kilometre segment of the Despinassy Shear Zone ("DSZ"). The deposit is covered
by a 15 m thick blanket of overburden and the other gold occurrences along the
DSZ are also covered by overburden. The Companies believe there is excellent
potential to expand the gold resources on the property at shallow depths in the
areas covered by overburden and the MMI method is ideally suited for this type
of terrain. An orientation survey completed in 2010 to test the method on one of
the gold zones (Darla Zone) successfully located gold mineralization below the
overburden cover.


The principal objectives of the survey are to extend the known mineralization in
the DAC deposit, test the mineralization continuity between DAC, DARLA and Zone
20/21 and to better define shallow targets for a planned diamond drilling
program to be completed later this year (Figure 1). The diamond drilling program
will be designed to expand the NI43-101 Resource Estimate filed for the DAC
Deposit with SEDAR on March 7, 2011 and includes 10.8 million tonnes averaging
1.05 g/t gold (364,000 ounces) as an Indicated Resource plus 8.3 million tonnes
averaging 0.92 g/t gold (247,000 ounces) as Inferred Resource at a cut-off grade
of 0.5 g/t gold.


The MMI survey consists of approximately 2,500 soil samples of which almost 60%
will be along a four kilometre segment of the DSZ on strike from the DAC
Deposit. The remaining samples will be collected over other high priority target
areas generated from previous work on the property. Sample collection work has
been contracted to Geos Sciences Inc of Rouyn-Noranda, Quebec and is currently
in progress. Geos Sciences has more than 10 years of experience in MMI sampling
and mineral exploration, including soil sampling, geophysical surveys and
prospecting.


Mobile Metal Ion (MMI(TM)) Geochemistry is an advanced surface exploration
technique for finding mineral deposits and is a cost effective surface
exploration tool. This technology measures mobile metal ions in surface soils.
These mobile metal ions are released from ore bodies and travel upward toward
the surface. 


Using sophisticated chemical processes and instrumentation, MMI(TM) is able to
measure these ions, in surface soils, to determine accurately where buried
mineralization is located. The MMI analyses will be performed by SGS Mineral
Services. Results from the MMI analyses are expected in September.


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/atv_Fig01.pdf.


About the DAC Deposit

The main area of mineralization on the Destiny Gold Property is the DAC Deposit
which occurs over a strike length of about 600 m. In this area, five
identifiable intervals of quartz veining and shear-related alteration zones
carry significant gold mineralization for which a Mineral Resource Estimate
Report ("the Report") was prepared in 2011.


The Report was prepared for the DAC Deposit by Wardrop, a Tetra Tech Company
("Wardrop") and filed with SEDAR on March 7, 2011. At a cut-off grade of 0.5 g/t
gold and using the Inverse Distance Squared (ID2) estimation method, the five
gold zones that make up the DAC Deposit contain an Indicated Resource of
approximately 10.8 million tonnes with an average grade of 1.05 g/t gold
(364,000 contained ounces). In addition, the Inferred Resource totals
approximately 8.3 million tonnes with an average grade of 0.92 g/t gold (247,000
contained ounces). The resources block considers the mineralization to start at
approximately 15 m below surface down to a depth of 400 m for the deepest zone.
The mineralization remains open below 400 m. 


The DAC Deposit remains open along strike and to depth and is one of several
significant gold occurrences along a four kilometre segment of the Despinassy
Shear Zone. The gold mineralization at the other occurrences also starts near
surface, and with additional drilling these other occurrences may add
significantly to the contained ounces on the property either as satellite zones
to the DAC or as new deposits.


Results reported to date from the Destiny Project are very positive. Previous
drilling programs have confirmed anomalous gold values along the DSZ and give
rise to the possibility that additional shallow mineralization may be added to
the currently defined resource through continued exploration. The Companies
believe that there is excellent potential to significantly increase the
contained ounces on the property.


A four million dollar program including drilling was recommended in the report
by Wardrop. The recommended drilling is intended to target additional gold
mineralization at shallow depths to increase the viability of an open pit mining
scenario for the project.


The Report can be view on each of the Companies' websites at
www.altoventures.com and www.pfncapital.com.


Mineral Resources are not Mineral Reserves and by definition do not demonstrate
economic viability.


Qualified Persons

Mike Koziol, P. Geo., P.Eng. is the Qualified Person who has reviewed and
approved the technical content in this news release.


About the Destiny Property

The Destiny Project is under option from Alto Ventures Ltd to Pacific North West
Capital. Under the terms of the option agreement, PFN can earn a 60% interest in
the property over a four year period by completing $3.5 million in exploration
expenditures, paying $200,000 and providing a total of 250,000 PFN shares to
Alto. The property consists of 177 claims totalling 7,421 ha and is located
approximately 100 km by road north of the city of Val-d'Or. The property is
accessible by provincial highway 397 which passes through the property.


Pacific North West Capital has fulfilled its obligations for the first two years
of the option term as outlined in the agreement.


For more details regarding the Company's projects, please visit our website at
www.altoventures.com. 


About Pacific North West Capital Corp.

Pacific North West Capital Corp. is a mineral exploration company focused on
Platinum Group Metals (PGM), precious and base metals. Management's corporate
philosophy is to be a project generator, explorer and project operator with the
objective of option/joint venturing projects with major and junior mining
companies through to production. To that end, Pacific North West Capital's
current option/joint ventures agreements are with Anglo Platinum, First Nickel,
and Alto Ventures. In addition, Pacific North West Capital is a major
shareholder of Fire River Gold Corp. (www.firerivergold.com). 


Pacific North West Capital Corp. is a member of the International Metals Group
of Companies. www.internationalmetalsgroup.com.


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 where it has a number of projects including the
Alcudia and Destiny gold properties. In Ontario, the Company is exploring in the
Beardmore-Geraldton gold belt and the Coldstream project in the Shebandowan gold
district. In the Chilcoten Plateau of British Columbia, the Company is exploring
the Chilko project near the Newton gold deposit.


ON BEHALF OF THE BOARD,

Richard J. Mazur, P. Geo., CEO

Grafico Azioni Alto Ventures (TSXV:ATV)
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Da Mag 2024 a Giu 2024

Grafico Azioni Alto Ventures (TSXV:ATV)
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