Alto Ventures Ltd.
Alto Ventures Ltd.
Projects
Beardmore-Geraldton Gold Belt, Ontario Mud Lake Greenoaks Cote Archie
Maps Geology and History
Three Towers Expansion Lake Miner Lake Despinassy, Quebec Destiny Vassal, Quebec Vassal Coldstream, Ontario Coldstream Oxford Lake, Manitoba Oxford Lake Other Exploration projects Dog Lake Empress Alcudia Chilko

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 Cote Archie

Cote-Archie, Ontario

Highlights
  • Covers 12 km of prospective ground
  • On strike with the historic Leitch Mine (past production 860,000 ounces of gold at 0.92oz/ton (31.5 grams per tonne)
  • Up to 27 g/t at the Cote Showing
  • Kodiak Exploration earning 51% interest by funding $1 million in exploration over 3 years

Location and Access

  • Summers and McComber townships, approximately 6 km north of the Town of Beardmore, Ontario, near the west end of the Beardmore-Geraldton Gold Camp
  • Access by Provincial Highway 11and logging roads

Size

  • 2,672 hectares in 21 mining claims
Ownership
  • 100% Alto Ventures Ltd; Kodiak Exploration Ltd has the option to earn 51% interest in the property by undertaking staged expenditures totaling $1 million over three years and by making staged payments of $100,000 in cash or Kodiak shares to Alto over three years.
Cote-Archie, Ontario

Maps


Geraldton Beardmore Gold Camp
Cote-Archie Lake Property
Cote-Archie, Ontario

Geology

  • Archean age Beardmore-Geraldton Greenstone Belt, including intermediate to mafic volcanic units and meta-sedimentary rocks
  • Alteration of sheared rocks includes sericite, carbonate, silica, chlorite, pyrite, magnetite and arsenopyrite
  • Gold is associated with sulphide-bearing quartz and quartz-carbonate veins that occur with shear zone

History

Exploration work on the property dates back to the 1940's and included mainly prospecting, trenching and limited ground geophysical work. In 1989 Placer Dome Inc completed a large surface program including line cutting, geological mapping and prospecting over the eastern part of the property. Placer also drilled 5 holes in the Archie Lake area. The most recent work prior to Alto's participation was carried out by prospectors Robert and Richard Cote. Their work spanned from 1995 to 2003 and included prospecting, trenching and mechanical stripping. Several gold occurrences were discovered including the Cote occurrence which returned up to 0.79 oz/ton (27 g/t) gold in grab samples. Alto started work on the property in 2004 and carried out geological mapping, prospecting and mechanical stripping programs. Trenching at the Cote occurrence exposed several north-northwest trending shears with quartz veins that are mineralized with pyrite and arsenopyrite. Grab samples from the veins returned up to 17.3 g/t gold. In 2005, mechanical stripping exposed the altered and mineralized Cote-Archie Shear Zone (CASZ) that is up to 12 m wide and locally contains quartz veins with pyrite and arsenopyrite. This shear zone trends east-northeast and is interpreted to lie on strike with the shear zone hosting the Leitch Mine quartz veins. Grab samples containing up to 10.2 g/t gold were obtained from this shear zone. Two holes were drilled in 2007 to undercut the CASZ. A well developed and altered shear zone was intersected. The zone is 20 m wide and contains variable quartz veining including a 2.4 m wide quartz vein/vein breccia that contains minor amounts of sulphides.

2008 Exploration Programs

Kodiak completed an exploration program consisting of mapping, sampling, stripping and drilling in the summer of 2008. Twelve diamond drill holes were completed and significant amounts of gold were intersected in eight of the holes. The table below provides a summary of significant gold values.

HOLE ID
FROM (M)
TO (M)
LENGTH (M)
GOLD G/T
CA08-01
41.88
42.8
0.92
1.48
 
44.53
45.15
0.62
1.24
 
45.37
45.8
0.43
1.35
 
94.9
95.2
0.3
3.0
CA08-02
52.1
52.5
0.4
1.19
 
115.4
115.6
0.2
1.63
CA08-04
84.6
84.8
0.2
2.06
 
86
86.5
0.5
1.01
CA08-05
57.5
58.6
1.1
1.29
 
59.15
59.5
0.35
1.32
 
77.85
78.85
1
1.11
 
100.7
101.4
0.7
1.54
CA08-06
37.1
37.4
0.3
1.75
 
42.4
42.8
0.4
1.23
 
46.7
47
0.3
1.17
 
84.2
84.5
0.3
3.48
CA08-07
94.2
94.8
0.6
2.05
CA08-11
59.25
59.45
0.2
1.17
CA08-12
146.8
147.4
0.6
1.15

This program was funded by Kodiak as per terms of the Option Agreement.

 
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