ALTO VENTURES LTD. – CORPORATE PROFILE
Alto Ventures Ltd is a TSX Venture Exchange listed gold exploration company trading under the symbol ATV. The Company owns and operates gold exploration projects in Quebec, Ontario and Manitoba.
In Quebec, the Company is exploring the 100% owned Destiny project in the prolific Abitibi gold belt. The Destiny project hosts the DAC Gold Deposit*, one of several mineralized zones along a six km segment of the Despinassy shear which splays from the regionally extensive Chicobi Fault. The DAC Deposit has Indicated Mineral Resources of 10.8 million tonnes at an average grade of 1.05 g/t gold and Inferred Mineral Resources of approximately 8.3 million tonnes at an average grade of 0.92 g/t gold using a 0.5 g/t gold cut-off grade. The estimated contained ounces in the Indicated category are 364,000 plus 247,000 ounces in the Inferred classification. At a cut-off grade of 1.0 g/t gold from approximately 15 metres below surface to a depth of 400 metres, the DAC deposit was estimated to include 3,858,800 tonnes at an average grade of 1.71 gpt Au Indicated (212,310 contained ounces gold) and 2,521,400 tonnes at an average grade of 1.53 gpt Au Inferred (124,390 contained ounces gold). The gold mineralization is open to depth and along strike.
Recent compilation of all available data from the project has identified three target areas for follow up drilling in addition to the DAC, Gap and Darla zones. Target 1 is located 800 m west of the DAC Deposit and is interpreted to lie along the western extension of DAC mineralization. Target 2 comprises Zones 20 and 21 located three km east of the DAC Deposit and Target 3 is located approximately 500 m south of the DAC Deposit and is interpreted to be along the folded extension of the DAC mineralization.
Alto owns five projects in the Beardmore-Geraldton gold camp and is active at Miner Lake. Previous work at Miner Lake has identified persistent anomalous gold mineralization in widespread breccia zones hosted by feldspar porphyritic diorite. Gold mineralization appears to occur in two parallel shear structures approximately 500 m apart.
In Manitoba, Alto owns the Oxford Lake project which includes the Banded Iron Formation “BIF”) hosted historical Rusty Gold Deposit. The Rusty Gold Deposit has reported Historical Resources of 800,000 tonnes grading 6 g/t gold, containing 150,000 ounces**. In 2012 the Company drilled hole RUS12-03 in the Blue Jay area approximately two km on trend and east of the Rusty Deposit (Rusty-Blue Jay Trend). RUS12-03 intersected multiple zones of BIF and anomalous gold including two zones of high-grade gold mineralization: Zone One – 2.7 m averaging 6.7 g/t gold including 22.5 g/t gold over 0.5 m and Zone Two – 6.8 m averaging 5.7 g/t gold including 11.7 g/t gold over 1.6 m and 16.5 g/t gold over 1.0 m.
*The Resource Estimates for the DAC Deposit were calculated consistent with guidelines set out in National Instrument 43-101 and filed on Sedar on March 7, 2011. Mineral Resources are not Mineral Reserves and by definition do not demonstrate economic viability.
** The Historical 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.
To learn more about Alto Ventures, please contact:
Mike Koziol, President and Director