Alto Ventures

Published : January 14th, 2015

Alto Reviews 2014 Highlights and 2015 Exploration Plans

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Alto Reviews 2014 Highlights and 2015 Exploration Plans

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 14, 2015) - Alto Ventures Ltd. (TSX VENTURE:ATV) is pleased to update shareholders with a year-end review of the Company's activities in 2014 and provide exploration plans for 2015. Alto holds a portfolio of Diamond exploration properties in the Saskatchewan Craton and highly prospective gold properties in greenstone belts in Quebec, Ontario and Manitoba.

Highlights for 2014

  • Diversified into Diamond exploration in January with the acquisition of strategic properties near North Arrow Minerals Inc. Pikoo Diamond discovery in north-central Saskatchewan; Completed a 325 sample till program in September; Commenced a high resolution airborne magnetometer survey in December
  • Maintained the Company's key gold properties in good standing
  • Sold its 0.5% NSR Royalty on the Windfall Lake and Alcane properties in northern Quebec for proceeds of $1 million
  • Finalized debt settlement with Canoe Mining Ventures Corp on Alto's former Coldstream Property

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/alto1.jpg.

North Saskatchewan Diamond Properties

Alto diversified into Diamond exploration through staking of land in the Saskatchewan Craton in north-central Saskatchewan following the announcement of new discoveries of Diamond bearing kimberlites in the area. In January, 2014 the Company increased its total land holdings to approximately 89,500 hectares through staking and purchase/option agreements. Included in the optioned land package are the GEFA claims in which Alto can earn a 60% interest. The GEFA claims are strategically located adjoining the Pikoo property owned by North Arrow Minerals Inc. (80%) and Stornoway Diamond Corp (20%). In November, 2103, North Arrow announced the discovery of Diamond bearing kimberlites in drill cores and triggered an extensive staking rush over large sections of the Saskatchewan Craton.

Alto initiated exploration work on its properties near the Pikoo discovery and in September, 2014 collected 325 till samples from the GEFA and Fisher Diamond claims. All of the samples are being processed for Kimberlite Indicator Minerals ("KIM") at the Saskatchewan Research Council laboratory in Saskatoon. Results will be released after the samples are processed and selected mineral grains are analyzed using Electron Probe Microanlysis to determine if their geochemical signatures indicate kimberlite origins for the grains. In December, 2014, Alto commenced a high-resolution airborne magnetometer survey consisting of approximately 3,370 km over the GEFA claims at a 50 metre line spacing. The survey is currently in progress and results will be discussed after the survey is completed and data has been processed. Complete results are expected in March, 2015.

To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/alto2.jpg.

Maintenance of the Company's Key Gold Properties

Alto has managed during this period of weak market conditions to apply sufficient work assessment credits to maintain its key gold exploration properties in good standing through 2014 and into 2015.

The Destiny project in Quebec hosts Indicated Mineral Resources of 10.8 million tonnes at an average grade of 1.05 g/t gold using 0.5 g/t gold cut-off grade. In addition, at the same gold cut-off grade, the Inferred Mineral Resources total approximately 8.3 million tonnes at an average grade of 0.92 g/t gold. The estimated contained ounces in the Indicated category are 364,000 plus 247,000 ounces in the Inferred classification. The gold mineralization is open to depth and along strike. The Resource Estimates 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 Oxford Lake property in Manitoba hosts the Rusty Gold Deposit, with an Historical Resource of 800,000 tonnes averaging 6 g/t gold and containing approximately 154,000 ounces of gold, as well as several other gold occurrences. In 2012 the Company drilled hole RUS12-03 in the Blue Jay area approximately two kilometres on trend and to the east of the Rusty Deposit. RUS12-03 intersected 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. Gold mineralization at both the Rusty Gold Deposit and the Blue Jay Zone is open along strike and to depth. 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.

Sale of 0.5% NSR Royalty

In March, 2014 Alto sold its underlying 0.5% NSR Royalty on the Windfall and Alcane properties to Virginia Mines Inc. in consideration of $750,000 payable by the issuance of 57,692 common shares in the capital of Virginia at a price of $13.00 per share. In connection with this transaction, Virginia also purchased 1,666,667 shares of Alto at a price of $0.15 per share in a $250,000 private placement. The proceeds from this transaction were used to advance Diamond exploration on Alto's properties in the Pikoo district of north-central Saskatchewan and for general working capital.

Finalized Debt Settlement

In October, 2014 Alto finalized an agreement with Canoe Mining Ventures Corp to settle an outstanding debt of $768,942 owed to Alto in connection with the sale in 2012 of its 40% interest in the Coldstream Project in Ontario. Pursuant to the terms of the agreement, Alto received 1.25 million shares of Canoe priced at $0.20 per share with a deemed value of $250,000 as well as $50,000 in cash. Additional cash payments totalling $200,000 are payable to Alto in three instalments between December 31, 2014 and June 30, 2015. Also as part of the debt settlement agreement, Canoe has granted to Alto Net Smelter Returns royalties ranging from 0.5% to 1.5% on certain portions of the Coldstream Property.

Corporate

In March, 2014, Alto enhanced its Diamond exploration expertise with Mr. Martin Doyle, P.Geo., MBA., joining Alto's Board of Directors. Mr. Doyle is a seasoned Diamond and gold exploration executive with over 35 years international and Canadian experience in the De Beers and Anglo American organizations. Prior to his role as Senior Vice President, Exploration for De Beers Canada Inc., Mr. Doyle explored for diamonds in Brazil, Namibia, South Africa, and Botswana. Currently Mr. Doyle is Regional General Manager, North America for Snowden Mining Consultants. He also serves as Director of Paragon Diamonds and Debut Diamonds

Plans for 2015

Alto plans to continue Diamond exploration on its Northern Saskatchewan Diamond properties. Alto expects to have all of the results and data in hand by the end of March. Further till sampling is expected to be required to better define KIM trains. If the KIM results and airborne magnetic results are positive, a drill program will follow.

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 Diamond, gold and base metals properties. Alto's Diamond land holdings total approximately 89,536 hectares in central eastern Saskatchewan near the recent discovery of diamonds on the Pikoo Project. 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. 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

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.

Read the rest of the article at finance.yahoo.com
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Alto Ventures

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CODE : ATV.V
ISIN : CA0215502075
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Alto Ventures is a gold and cobalt exploration company based in Canada.

Alto Ventures holds various exploration projects in Canada.

Its main exploration properties are COLDSTREAM, DOG LAKE, EXPANSION LAKE, ALCUDIA, EAST COLDSTREAM, OXFORD LAKE, WINDFALL LAKE, COTE ARCHIE LAKE, MUD LAKE, EMPRESS PROJECT ( ALTO), THREE TOWERS, GREENOAKS, DESTINY GOLD and DESPINASSY in Canada.

Alto Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 6.0 millions as of today (US$ 4.6 millions, € 3.9 millions).

Its stock quote reached its highest recent level on May 22, 1998 at CA$ 9.10, and its lowest recent point on December 03, 2019 at CA$ 0.02.

Alto Ventures has 40 170 000 shares outstanding.

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Financings of Alto Ventures
11/7/2007Announces Closing Of Second And Final Tranches Of Private Pl...
Option Grants of Alto Ventures
12/18/2007 Elects Directors, Approves $1.8 Million Exploration Budget ...
Nominations of Alto Ventures
3/13/2007Appoints Koziol President
Project news of Alto Ventures
6/18/2013(Oxford Lake)Increases Land Holdings to 35,300 Hectares on Its 100% Owned...
6/27/2012(Coldstream)Foundation and Alto Ventures Amend Terms of Coldstream Acqui...
5/14/2012(Destiny Gold)Next Gen Metals Inc. and Alto Ventures Ltd. Intersect 22.7 G...
1/17/2012(Destiny Gold)Next Gen Metals Inc. and Alto Ventures Ltd. Resume 3,500 met...
7/19/2011(Destiny Gold)and Pacific North West Capital Commence First Phase of Explo...
7/6/2011(Coldstream)6,000 Metres of Diamond Drilling Commences at the Coldstream...
5/19/2011(East Coldstream)Drilling Continues to Hit Gold at the East Coldstream Deposi...
4/1/2011(Coldstream)Coldstream Property Expanded to the North of the High-Grade ...
3/22/2011(East Coldstream)New High-Grade Gold Intersected Approximately 1500 metres No...
3/17/2011(Alcudia)Receives Drilling Results From the 2011 Alcudia Project in t...
3/7/2011(Destiny Gold)and Pacific North West Capital Expand Gold Potential and Fil...
3/1/2011(East Coldstream)and Foundation Commission an NI43-101 Mineral Resource Estim...
1/24/2011(Destiny Gold)Updated NI 43-101 Mineral Resource Estimate Reports Signific...
10/5/2010(Coldstream)35.65 m Averaging 2.10 g/t Gold Intersected at the Sanders Z...
10/6/2009(Coldstream)Summer Exploration Program Completed on Coldstream Gold Proj...
12/11/2008(Mud Lake)2008 Exploration Program Identifies New Targets and Confirms...
10/1/2008(Greenoaks)CHANNEL SAMPLES UP TO 34.1 g/t (0.99 oz/ton) GOLD AT GREENOA...
9/4/2008(Greenoaks)PROVIDES EXPLORATION UPDATE ON BEARDMORE AREA PROJECTS
5/9/2008(Despinassy)Completes Winter Program, Receives Final Results From Drilli...
3/25/2008INTERSECTS HIGH GRADE GOLD AT DESPINASSY, QUEBEC
3/3/2008COMPLETES PURCHASE OF DESPINASSY PROJECT, QUEBEC AND STARTS ...
2/21/2008(Mud Lake)ALTO-WESCAN JOINT VENTURE CONTINUES TO INTERSECT GOLD ON THE...
1/29/2008(Mud Lake)GOLD INTERSECTED ON THE ALTO-WESCAN MUD LAKE PROJECT
10/4/2007(Mud Lake)Wescan Finalize Drill Contract For Mud Lake Project, Beardmo...
7/5/2007(Cote Archie Lake)Samples 8 g/t Gold at Cote-Archie Lake Project, Beardmoreger...
3/20/2006(Despinassy)continues to intersect high-grade gold at the DAC deposit, D...
Corporate news of Alto Ventures
8/18/2016Alto Stakes More Gold Claims at its 100% Owned Miner Lake Pr...
5/30/2016Final $150,000 Cash Payment Received From Sale Of Coldstream...
11/4/2015Alto Recovers 578 Gold Grains From Glacial Till Samples At M...
5/18/2015Priority Targets Identified From High-resolution Airborne Ma...
4/22/2015Priority Targets Identified From High-Resolution Airborne Ma...
4/1/2015Recovers Kimberlite Indicator Minerals on the West Fisher Cl...
4/1/2015Alto Ventures Recovers Kimberlite Indicator Minerals on the ...
2/26/2015Alto Ventures Ltd.: Priority Targets Identified From High-Re...
2/23/2015Alto Ventures Identifies Multiple Kimberlite Indicator Miner...
1/22/2015Alto Ventures Confirms Kimberlite Indicator Minerals on the ...
1/14/2015Alto Reviews 2014 Highlights and 2015 Exploration Plans
12/17/2014Alto Initiates Airborne Magnetometer Survey on Its Pikoo Are...
10/7/2014Alto Ventures Completes Till Sampling on Its Pikoo Area Diam...
9/9/2014Alto Ventures Commences Exploration on its Pikoo Area Diamon...
4/8/2014Alto Receives $750,000 in Virginia Mines Shares and Complete...
3/24/2014Alto Agrees to Sell its NSR Royalties on the Windfall and Al...
3/24/2014Alto Agrees to Sell Its NSR Royalties on the Windfall and Al...
3/19/2014Martin Doyle Adds Diamond Expertise To Alto's Board Of Direc...
3/19/2014Martin Doyle Adds Diamond Expertise to Alto's Board of Direc...
8/15/2013(Oxford Lake)Grab Samples 37.2 g/t Gold on Its 100% Owned Oxford Lake Pro...
4/11/2013Confirms Gold Potential for Over 1.6 km at Its 100% Owned Em...
9/19/2012Appoints New Director and Grants Stock Options
6/23/2011Summer Program Started at Miner Lake, Beardmore-Geraldton Go...
6/14/2011(East Coldstream)Drilling Intersects 5.18 g/t Gold at the East Coldstream Dep...
5/31/2011Announces Addition to Management Team
5/11/2011(East Coldstream)Drilling Indicates Continuity of Gold Mineralization, East C...
4/20/2011(East Coldstream)and Foundation Resources Drill 10 g/t Gold; Expand Main and ...
1/21/2009Provides Results from the Fall 2008 Exploration Programs
6/25/2008ALTO-WESCAN JOINT VENTURE
5/28/2008COMMENCES BUSY EXPLORATION SEASON ON BEARDMORE AREA GOLD PRO...
4/7/2008 e-invite to the Calgary Investment Conference
1/16/2008ACQUIRES MORE GROUND IN BEARDMORE-GERALDTON
12/11/2007 Samples 15.5 G/T Gold At Cote-801 Project, Beardmore-Gerald...
11/22/2007-Wescan Start Drilling Mud Lake Project, Beardmore-Geraldton...
10/17/2007Increases Financing To $2.65 Million
9/5/2007Acquires New Project In The Beardmore-Geralton Gold Belt
8/21/2007Wescan Joint Venture Approves $300,000 Fall Exploration Prog...
5/17/2007Retains Investor Relations Professional
3/20/2007Gold Intersected At Clarke Occurrence, Beardmore Area, Ontar...
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