Investorideas.com
Search  Follow Investorideas on Twitter  Investorideas is on Facebook  Investorideas is on Google Plus  Investorideas is on Youtube  Investorideas is on Pinterest  Investorideas is on tumblr  Investorideas is on LinkedIn  Investorideas RSS 


Investorideas podcasts on iTunes, Google Play Music and iHeart.com    Investorideas.com potcasts - cannabis news and stocks to watch plus insight from thought leaders and experts    Investorideas.com crypto corner    Play by Play – the latest sports headlines and sports stock news

 

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

#Miningstocks: Alto (TSXV: ATV) Commences Summer Exploration on the Miner Lake and Brookbank East Projects, Beardmore, Ontario

 

Vancouver, British Columbia - July 11, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Alto Ventures Ltd. (TSXV: ATV) is pleased to announce that summer exploration worked has started on the Miner Lake and Brookbank East properties in the Beardmore-Geraldton gold camp in Ontario. Surface exploration at Miner Lake includes geological mapping, detailed structural mapping, prospecting, sampling, and ground VLF surveying in preparation for diamond drilling. A diamond drilling program is anticipated to start in September 2018.

Miner Lake

Detailed structural mapping of the main mineralized trend and ground VLF consisting of five lines, totaling 10 km of surveying have already been completed. Alto's previous work at Miner Lake included nine diamond drill holes in 2011; gold was intersected in each of the holes with one hole cutting a wide zone of 39.2 m averaging 0.6 g/t gold, including 4.24 g/t gold over 1.5 m (see Alto news release dated October 18, 2011). Assay results from surface saw cut channel samples include 6.79 g/t gold across 1.0 m; 4.14 g/t gold across 1.4 m; and 1.78 g/t gold and 0.11% copper across 19 m. This last interval contains two higher grade sections of 3.36 g/t gold and 0.24% copper across 5.0 m and another section of 6.29 g/t gold and 0.08% copper across 2.0 m.

Brookbank East

The property was staked by Alto in April 2018. Surface exploration work at the Brookbank East property will consist initially of geological mapping and prospecting. Records in the government assessment files from the surface geological work and diamond drilling indicate that favourable geology and alteration are similar to the Brookbank Gold Deposit, a 50/50 joint venture between Centerra Gold and Premier Gold.

The Brookbank Deposit is reported to include open-pit Measured and Indicated Resources of 2.64 million tonnes averaging 2.02 g/t Au and containing 172,000 ounces. Underground resources are reported to include Measured and Indicated Resources of 1.86 million tonnes, averaging 7.21 g/t Au and containing 430,000 ounces of gold (www.premiergoldmines.com).

Results from some of the historical work on Alto's Brookbank East property include 10 g/t Au over 0.91 m intersected in a 1992 drill hole at the southeast end of the property. Grab samples up to 7.68 g/t Au were reported in 1988 from altered quartz veins in historical trenches near the centre of the property.

Alto's President, Mike Koziol, P. Geo., is a qualified person under the provisions of National Instrument 43-101 and approves the technical data and conclusions in 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 active in the Abitibi greenstone belt in Quebec on the Destiny gold property and is exploring in the Beardmore-Geraldton gold belt in Ontario. For more details regarding the Company's projects, please visit our website at www.altoventures.com.

Figure 1: Location of Alto Ventures gold properties in the Beardmore-Geraldton gold belt

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.

For further information contact:

Mike Koziol
President and Director
ALTO VENTURES LTD.
Unit 7 — 1351C Kelly Lake Rd
Sudbury, ON., P3E 5P5
Tel: 705-522-6372
Email: koziol@altoventures.com

Rick Mazur
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: mazur@altoventures.com


Gold Mining Stocks - Gold Mining Stocks Directory, Gold Stocks News, Research and Resources

Gold-MiningStocks.com - investing ideas in gold and mining stocks

Like Gold Stocks? View our Gold / Mining Stocks Directory

Get News on Mining Stocks


More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.

Please read Investorideas.com privacy policy: http://www.investorideas.com/About/Private_Policy.asp



Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max



Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner