Alto Ventures Ltd.
Alto Ventures Ltd.
Projects

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Chilko

Chilko, British Columbia

Highlights

  • Acquisition of the Chilko project in 2010 allows Alto to participate in a gold district that has the potential to host world class gold-copper porphyry deposits.
  • Expansion of our property portfolio to include porphyry-style targets in addition to our highly prospective Canadian Shield projects
  • The Prosperity gold-copper porphyry operated by Taseko Mines Ltd is located 50 km south of the Chilko property.
  • The Prosperity deposit has 1.0 billion tonnes of measured and indicated resources containing 13.3 million ounces of gold and 5.3 billion pounds of copper and is currently moving forward with the public review process in anticipation of production (Taseko Mines Ltd website).
  • On January 19 2010, Amarc Resources released very impressive drilling results from their Newton property including hole 9004 which is reported to include 189.0 m grading 1.56 g/t gold, 7.9 g/t silver and 0.08 % copper.
  • Chilko lies just north and west of the Newton property and it is believed that the favourable geology and structures may extend onto the Chilko claims.

Location and Access

  • The property is located approximately 100 km west southwest of Williams Lake within the Chilcotin Plateau area of British Columbia and has excellent road access. It lies 15 km north of the Newton gold zone which is currently being explored as a bulk tonnage gold deposit by Amarc Resources Ltd, an affiliate of the Hunter Dickenson Group.

Size

  • 14,484 hectares

Ownership

  • 100% Alto Ventures Ltd

History

In February of 2010, the Company has entered into an Option Purchase Agreement to acquire 100% interest in the 14,484 hectares Chilko property within the Chilcotin Plateau area of British Columbia. The property is located approximately 100 km west southwest of Williams Lake and has excellent road access. It lies 15 km north of the Newton gold zone which is currently being explored as a bulk tonnage gold deposit by Amarc Resources Ltd, an affiliate of the Hunter Dickenson Group. The Prosperity gold-copper porphyry operated by Taseko Mines Ltd is located 50 km south of the Chilko property. The Prosperity deposit has 1.0 billion tonnes of measured and indicated resources containing 13.3 million ounces of gold and 5.3 billion pounds of copper.

Till sampling and Soil Geochemistry programs were completed in September of 2010 and the technical report was received in February, 2011. A number of gold-in-till anomalies were identified and the Company is reviewing the results and recommendations for follow up work which would be carried out during the summer field season.