Alto Confirms Gold Potential for Over 1.6 km at Its 100% Owned Empress Project, Ontario
Published : April 11, 2013
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Keywords :   Diamond | Gold | Market | Silver |

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 11, 2013) - Alto Ventures Ltd. (News - Market indicators) -

Highlights

  • 3.97 g/t gold average across 2.8 m width in continuous saw-cut channel sampling, including 6.15 g/t gold across 0.8 m on Trench 6E
  • Mineralization occurs within a well defined shear zone that is over 16 m wide in the Trench 6E area and the shear has been traced by surface stripping and trenching for more than 1.6 km on strike
  • Prior work by Cameco Gold reported an average of 1.3 g/t gold across 16.2 m

Alto Ventures Ltd. is pleased to announce the results from surface saw-cut channel sampling program completed on its 100% owned Empress property located in the Schreiber-Hemlo greenstone belt, Ontario.

In September and October of 2012 Alto completed channel sampling across the Empress Structure on Trench 6E to confirm the significant gold mineralization that was reported from previous work. In total, 30 channel samples were cut with a Diamond saw and assayed for gold. Alto's sampling confirmed a higher grade section returning 3.97 g/t gold across 2.8 m including 6.15 g/t over 0.8 m. The higher grade intervals occur within a 16 m wide shear zone which was reported by the previous owner, Cameco Gold Inc, to average 1.3 g/t gold across 16.2 m. Some of the other higher grade results include 5.09 g/t gold across 1.0 m; 4.87 g/t gold across 0.6m; 3.49 g/t gold across 1.0 m and 3.15 g/t gold across 1.0 m.

The mineralization is hosted within a shear zone that has been traced by prospecting and stripping for over 1.6 km on strike and the gold is associated with fine disseminated pyrite and quartz veins. A well defined IP Chargeability anomaly is coincident with the surface exposure and neither the surface showing nor the IP Chargeability anomaly has been drilled.

Alto is preparing a follow-up program of further channel sampling and prospecting of the 1.6m strike extent in order to demonstrate size potential and corroborate drill targets.

To view the map accompanying this press release, click on the following link: http://media3.marketwire.com/docs/a410m.pdf

About the Empress Project

The Empress property is located approximately 100 km west of Hemlo and 15 km east of Terrace Bay, Ontario. The property is owned 100% by Alto and lies within the Schreiber portion of the Archean aged Schreiber-Hemlo greenstone belt. Recent exploration on the North Shore property, located approximately 20 km southwest of Alto's Empress property resulted in discovery of extensive gold mineralization by GTA Resources including 149.5 m averaging 3.21 g/t gold (GTA news release dated Feb 14, 2012).

A gold mineralized shear zone named the Empress Structure extending from the former Empress Mine has been traced for more than 1.6 km onto Alto's property to the northeast. This structure is interpreted to also extend onto Alto's property to the southwest of the Empress Mine but this area is overburden covered and drilling will be required to confirm its location.

Previous work included trenching, overburden stripping and Diamond drilling. The historical drilling was limited to tracing the Empress Mine ore zone and extended only 400 m onto the Alto claims east of the Empress Mine. The drilling did intersect mineralization on Alto ground with locally significant gold results including 44.23 g/t over 0.61 m core length. Surface stripping was completed on Alto's claims over the 1.6 km length of the structure northeast of the Empress Mine and several areas of significant surface gold mineralization were uncovered including Trench 6E. Results from previous saw-cut channel sampling at Trench 6E were reported to have averaged 1.3 g/t gold across a 16.2 m wide section of the Empress Structure, including 5.3 g/t gold across 2.8 m. An IP survey completed over sections of the Empress Structure delineated well defined Chargeability anomalies. However, neither the surface gold showing nor the IP Chargeability anomalies were drilled.

Quality Assurance/ Quality Control

The channel sampling was completed using a Diamond blade saw. Individual samples varied from 0.5 metres to 1.0 metre and were cut across the mineralized structures to an average depth of 10 cm and 2.5 cm width. Gold assays were performed at Accurassay Laboratories in Thunder Bay, Ontario. The gold assaying method uses a standard Fire Assay with AA finish technique on a 30 gram sub-sample taken from a 500 gram split from the submitted sample. Commercially prepared standards were inserted by Alto every 25 samples to ensure precision of the results. The laboratory ran internal check assays every 10 samples to ensure lab quality control. The samples were also tested for 30 other elements using ICP multi-element scan methods. Check assays were performed on those samples that reported values of greater than 1 g/t gold. For the check assays, separate pulps were prepared from the rejects and the new pulps were assayed using Fire Assay with Gravimetric finish.

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

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.

Alto Ventures Ltd.
Mike Koziol
President and Director
705-522-6372
705-522-8856 (FAX)
koziol@altoventures.com
or
Alto Ventures Ltd.
Matt Terriss
Director, Corporate Affairs
604-638-3947
604-689-3609 (FAX)
info@altoventures.com
www.altoventures.com

Alto Ventures

EXPLORATION STAGE
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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