Alto Ventures

Published : January 22nd, 2015

Alto Ventures Confirms Kimberlite Indicator Minerals on the GEFA Property Adjacent to Pikoo, Northern Saskatchewan

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Keywords :   Diamond | Gold | Ilmenite |

Alto Ventures Confirms Kimberlite Indicator Minerals on the GEFA Property Adjacent to Pikoo, Northern Saskatchewan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 22, 2015) - Alto Ventures Ltd. (TSX VENTURE:ATV) is pleased to announce recovery of significant Kimberlite Indicator Minerals (KIMs) from till samples on the GEFA Diamond Property, located adjacent to the east of the North Arrow Minerals Inc. Pikoo Diamond discovery in Northern Saskatchewan. The KIMs include Cr-rich chromites, Mg-ilmenites, Cr-pyrope garnets and one Diamond associated eclogite garnet (Diamond Indicator Mineral "DIM"). Recovery of such an eclogite garnet in till is consistent with an indicator dispersion train having a potentially significant diamondiferous source. Cr-pyrope, eclogite garnet, and Mg-ilmenite KIMs have been particularly useful in this part of Saskatchewan defining the drill targets that resulted in discovery of Diamond bearing kimberlite in 2013 on the adjacent Pikoo property.

Grains reported herein as KIM and DIM have been confirmed by electron microprobe analysis in 34 of the 165 samples processed to date. KIM grain counts in these samples range from one grain to nine grains per sample, including three samples containing one garnet each. The results reported here-in represent approximately half of the samples collected during Alto's program in September, 2014. Results for samples from the west half of GEFA property and the Fisher claims are pending (see Figure 1).

Sampling Confirms At Least One Indicator Mineral Dispersion Train

Samples yielding KIMs define at least one dispersion train in the east-central part of the GEFA Property. This dispersion train includes all three kimberlitic garnets, as well as chromites containing up to 64.24% Cr2O3 and Mg-ilmenites with up to 11.61% MgO. The eclogite garnet is probably most significant of these grains, because it is titanium-poor and sodium-enriched (0.14% NaO), a characteristic that is similar to the composition of most eclogite garnet included in diamonds world-wide. Notably, this eclogite garnet DIM is down-ice from a high-priority magnetic anomaly on the GEFA property interpreted from a regional government airborne geophysical survey. Alto is currently flying a high resolution airborne magnetic survey, using a close 50 m line spacing, to better define this and other high-priority magnetic anomalies from the government survey.

"Alto is very encouraged by these initial results," commented Rick Mazur, Alto's CEO and Director. "A single KIM grain can be relevant but recovery of numerous KIM's forming a till train including a DIM eclogite garnet suggests that this indicator dispersion train could have a potentially significant diamondiferous source up-ice. Alto will assess its further exploration plans for the property once the remainder of the KIM results are received and the airborne magnetic survey results have been interpreted."

To view Figure 1 accompanying this press release, please visit the following link: http://media3.marketwire.com/docs/988687.pdf

Sample Collection and Processing

A total of 325 till samples were collected on the GEFA and Fisher claims in 2014. Alto's field crews used float planes to access remote areas, and collected 10 kgs (field weight) of till that passed through a 6 mm screen at each sample site. Upon arriving at a proposed sample location, the field crew would search for suitable till, usually beneath a thin organic soil layer. Typically, crews could locate good till for sampling within 10 to 30 m of the proposed location. Sampled till ranged from clay-rich to sandy, interpreted as unaltered basal till to washed till, respectively. Till samples were shipped to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in Saskatoon for processing. The SRC is an experienced laboratory in KIM samples operating in accordance with ISO/IEC 17025:2005. Processing at SRC consists of creating a heavy mineral concentrate, hand-picking the concentrate for potential kimberlite indicator minerals and then electron microprobe analysis of picked grains. Details of SRC's KIM processing routine and quality control are available on the SRC Geoanalytical Laboratories website (http://www.src.sk.ca/facilities/pages/geoanalytical-laboratories.aspx). Picked grains are only counted as kimberlite indicator minerals (KIMs) or Diamond indicator minerals (DIMs) by Alto after review of the electron microprobe data using industry standard chemical criteria.

Alto's kimberlite and Diamond consultant Dr. Harrison Cookenboo, P.Geo., has reviewed field procedures, technical data, and conclusions in this news release. He is a qualified person under the provisions of National Instrument 43-101 and approves of technical data and conclusions in this news release.

Alto is earning a 60% interest in the GEFA claims by making staged payments to the vendors totaling $60,000 over two years and completing $750,000 in exploration work on the property over 30 months (see Alto Ventures news release dated January 27, 2014). Alto is earning a 100% interest in the Fisher claims by issuing to the vendor 25,000 shares of Alto and making cash payments totaling $18,000 over two years (see Alto Ventures news release dated January 22, 2014).

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

Alto Ventures

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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
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6/27/2012(Coldstream)Foundation and Alto Ventures Amend Terms of Coldstream Acqui...
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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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