Destiny Project, Quebec
Highlights
- 2009 & 2010 drilling funded by Partner, Pacific Northwest Capital returns 44.4 g/t Au 33.6 g/t Au and 51.7 g/t Au over 0.5 m within wider zones of mineralization
- Phase 1 & 2 success, mineralization in every drill hole, potential to increase resource confirmed
- NI 43-101 compliant resource estimate completed for the DAC Deposit* Click here to view 43-101 Report (PDF)
- The DAC deposit has an indicated resource of 167,000 tonnes averaging 6.88 grams per tonne (g/t) gold plus an inferred resource of 445,000 tonnes averaging 4.46 g/t gold for total of approximately 101,000 contained ounces.
- DAC Deposit open along strike and to depth
- DAC Deposit is one of several significant gold occurrences along 6 km shear zone
Location and Access
- Despinassy Township, approx. 75 km northeast of Val d'Or
- Access by Secondary Provincial Highway Number 397 which traverses the property
Size
Ownership
- 100 % Alto Ventures Ltd
- In 2009 Alto entered into an option agreement with Pacific Northwest Capital. Under the terms of the Option Agreement, PFN will pay Alto $200,000, provide Alto with 250,000 common shares of PFN, and complete a total of $3,500,000 in exploration expenditures over a four year period to earn a 60% interest in the Destiny Gold property. Subsequent to vesting of its interest, PFN will form a joint venture with ATV to further develop the project.
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