ATV Alto Ventures Ltd

Alto Ventures Ltd. (TSX VENTURE:ATV) is pleased to announce the results from six
diamond drill holes that were completed in 2012 on its 100% owned Oxford Lake
property located in central Manitoba.


Drill hole RUS12-03 intersected two zones of high-grade gold mineralization:



--  Zone One - 2.7m averaging 6.7 g/t gold including 22.5 g/t gold over
    0.5m. 
--  Zone Two - 6.8m averaging 5.7 g/t gold including 11.7 g/t gold over 1.6m
    and 16.5 g/t gold over 1.0m. 



Drill hole RUS12-03 was drilled 2.2 km east along strike from the Rusty Zone to
test the historical Blue Jay Zone. This hole intersected better gold values than
the historical drilling (up to 10 g/t over 2.0m) and encountered multiple zones
of gold mineralization (Table 1). The mineralization is open at depth and
potential for further deposits occurs along a 30 km trend of aeromagnetic
"Highs" that are under-explored on Alto's 30,000 hectare property.


Drill holes RUS12-01 and -02 were drilled at shallow depths to confirm the
ground location of the historical Rusty Gold Zone (Historical Resources of
800,000 tonnes averaging 6 g/t gold to a depth of 600 metres) and to obtain
samples of the mineralization as cores from the 1980s drilling are not readily
available. The two holes were spaced 200m apart on strike and each intersected
the mineralized zones at their predicted locations (Table 1).


Results from drilling at Oxford Lake are most encouraging confirming gold
mineralization for over 2 km along strike and the potential for high gold grades
along this trend. The Rusty trend was traced by Alto's 2011 VTEM and
aeromagnetic surveys for 30 km along strike but only a few holes were drilled in
the past along this trend.




Table -1- Significant Gold Assays From the 2012 Drilling at Oxford Lake,    
 Manitoba                                                                   
----------------------------------------------------------------------------
Hole Number            From (m)         To (m)      Width (m)       Au (g/t)
                                                 (ii)downhole               
----------------------------------------------------------------------------
RUS12-01                  108.5          114.0            5.5           1.22
includes                 109.35          110.0           1.65            2.8
                                                                            
                          147.3         147.75           0.45           2.22
----------------------------------------------------------------------------
RUS12-02                  119.2          120.7            1.5           0.97
                                                                            
                          133.0          134.0            1.0           1.02
                                                                            
                          144.2          149.2            5.0           0.45
----------------------------------------------------------------------------
RUS12-03                   63.0           65.0            2.0           0.50
                                                                            
                          102.2         109.35           7.15           0.83
                                                                            
                          134.8          137.5            2.7            6.7
includes                  136.5          137.0            0.5           22.5
                                                                            
                         198.65         205.45            6.8            5.7
includes                  200.6          202.2            1.6           11.7
and                       203.0          204.0            1.0           16.5
                                                                            
                         220.35         229.35            9.0           0.88
includes                  227.5          228.5            1.0            3.7
----------------------------------------------------------------------------
OMA12-03                   66.5          67.65           1.15           1.75
----------------------------------------------------------------------------
(ii) The widths reported are down-hole lengths as there is insufficient     
drilling density to determine the true widths. 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.                            



Drill Holes OMA12-01 to -03 tested airborne electromagnetic (VTEM) conductors
associated with aeromagnetic "Highs" at the south end of the property. These
conductors occur in a separate, east trending band that is located approximately
three kilometres to the south of the Rusty Gold Zone. Each of the drill holes
intersected iron formation and sulphides and drill hole OMA12-03 returned
anomalous gold of 1.75 g/t gold over 1.15m. Results from the OMA holes indicate
that this second trend also has potential to host significant gold
mineralization.


In total, Alto drilled 1,029m in six holes in 2012 during a rather difficult
warm winter drill season. Pre-drilling preparation work consisted of 100 line
kilometres of line cutting followed by Max Min HLEM and ground magnetometer
surveying that was completed in February, 2012.


To view "Figure 1", please click the following link:
http://media3.marketwire.com/docs/AltFigone.pdf. 


About the Rusty Gold Zone Deposit

The Rusty Gold Zone hosts a Historical Resource of 800,000 tonnes at an average
grade of 6 g/t and contains approximately 154,000 of gold. The mineralization
was drilled to a depth of 600 metres by Noranda and is open along strike and to
depth. The resource was estimated in 1990 and a Qualified Person (QP), as
defined by NI43-101, has not done sufficient work to classify this historical
estimate as current mineral resources. Alto is not treating the historical
estimate as current mineral resources, as defined by NI43-101, and thus the
historical estimate should not be relied upon. The Rusty Gold Zone is associated
with a banded iron formation (BIF) and is one of several significant gold
occurrences associated with a regional trend of aeromagnetic "High" anomalies.
This aeromagnetic trend, which extends for 30 km in the northern half of Alto's
Oxford Lake property, is interpreted to be the geophysical signature of the BIF
that hosts gold mineralization. 


About the Oxford Lake Project

The 30,000 ha Oxford Lake gold property is located in central Manitoba,
approximately 150 km southeast of Thompson. Geologically, the property lies in
the Oxford Lake-Knee Lake greenstone belt near the west end of the Superior
Province of the Canadian Shield. The Western Superior has proven potential for
hosting large gold deposits, including the Musselwhite Mine with past production
and reserves of over 5.7 million ounces of gold hosted in a BIF. The Oxford Lake
property lies along a major regional structural corridor that hosts the
pre-development Monument Bay Gold Deposit near the eastern end of this corridor.
The Monument Bay Deposit hosts reported resources of 1.04 million ounces of gold
in the Indicated and Measured categories plus 1.72 million ounces in the
Inferred category (see Mega Precious Metals Inc. website) and is located
approximately 150 km east of the Oxford Lake project. This corridor is
relatively under-explored and could be an early stage analogue to the large
gold-producing Destor-Porcupine or Larder-Cadillac corridors in Ontario and
Quebec. 


Quality Assurance/Quality Control

Core processing included descriptive logging and selection of samples for
analyses. The BTW-size cores were sawed in half and one half was delivered to a
commercial laboratory. The samples were delivered to the SGS Mineral Services
laboratory in Red Lake, Ontario where they were crushed and a 250 gram pulp was
prepared. The pulp was then assayed for gold. The gold assaying method uses a
standard Fire Assay with AAS finish technique on a 30 gram aliquot taken from
the 250 gram pulp. Commercially prepared standards were inserted by Alto at
predetermined intervals to ensure precision of the results. The laboratory
performs routine repeat check assays on pulps of selected samples to ensure
internal lab quality control.


The laboratory was instructed to prepare and analyze a second 250 gram pulp from
the reject for those samples that indicated gold values of greater than 1 g/t on
the initial analysis. The gold assaying method on the re-split uses a standard
Fire Assay with Gravimetric finish technique on a 30 gram aliquot.


Qualified Person Statement

This news release has been reviewed and approved for technical content by Mike
Koziol, P. Geo, a qualified person under the provisions of National Instrument
43-101.


About Alto Ventures Ltd.

Alto Ventures Ltd. is an exploration and development company with a portfolio of
highly prospective Canadian gold and base metals 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. In Manitoba, the
Company is focused on the gold and base metals potential of the highly
prospective but relatively under-explored Oxford Lake property.


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

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

Grafico Azioni Alto Ventures (TSXV:ATV)
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Da Giu 2023 a Giu 2024