| Priority Targets Identified From High-resolution Airborne Magnetic Survey Over West Fisher Claims Northwest Of Pikoo Diamond Discovery, Northern Saskatchewan | |
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Wed Apr 22, 2015
Priority Targets Identified From High-resolution Airborne Magnetic Survey Over West Fisher Claims Northwest Of Pikoo Diamond Discovery, Northern Saskatchewan
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Vancouver, B.C., April 22, 2015. Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce results of a high-resolution airborne magnetic survey flown at 50 m line spacing over its 100% owned West Fisher claims located approximately 12 km northwest of the Pikoo diamond discovery, northern Saskatchewan (see Figure 1). Preliminary interpretation has identified 16 magnetic targets with geophysical signatures that could be related to kimberlite intrusions. Several of these targets are associated with down-ice trends of kimberlite indicator mineral (KIM) dispersion grains in tills, including four different till samples that contain very high chromium, ranging from 62.08% to 66.33% Cr2O3, which is above the usual 62% threshold for diamond inclusions (see Alto Ventures news release dated April 1, 2015). There are also several magnetic targets at the east and northeast end of the property that have not yet been tested using till sampling.
Alto's CEO, Rick Mazur stated, "We now have identified numerous KIM grains, dispersion trains and magnetic targets on the West Fisher and GEFA properties. Given that numerous diamondiferous kimberlites have been discovered on the neighbouring Pikoo property by North Arrow, we are very encouraged by the potential for discovery of diamonds on Alto's properties in the Pikoo area."
Alto's President, Mike Koziol, P. Geo. has reviewed field procedures, technical data, and conclusions described 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.
Figure 1. Selected airborne magnetic targets overlain on KIM results from Alto's 2014 till sampling program on the West Fisher claims.
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.
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
Fax: 705-522-8856
Email: [email protected]
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Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Fax: 604-689-3609
Email: [email protected]
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You can view the Previous News Releases item: Wed Apr 1, 2015, Alto Ventures Recovers Kimberlite Indicator Minerals on the West Fisher Claims Northwest of the Pikoo Diamond Discovery, Northern Saskatchewan
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATEUR |
CODE : ATV.V |
ISIN : CA0215502075 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Alto Ventures est une société d’exploration minière d'or et de cobalt basée au Canada. Alto Ventures détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont 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 et DESPINASSY au Canada. Alto Ventures est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 7,1 millions (5,4 millions US$, 4,6 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 mai 1998 à 9,10 , et son plus bas niveau récent le 03 décembre 2019 à 0,02 . Alto Ventures possède 47 442 200 actions en circulation. |