|Target:||Shear Host Gold|
|Interest:||100% owned by Alto|
The DAC Deposit has an NI-43-101 compliant Indicated Resource of Approximately 10.8 million tonnes averaging 1.05 g/t gold (364,000 ounces) plus and Inferred Resource of approximately 8.3 million tonnes averaging 0.92 g/t gold (247,000 ounces). The DAC Deposit is open on strike and depth
|Oxford Lake Gold Project||Manitoba-Canada|
|Target:||(1) Gold associated with banded iron formation (BIF)
(2) Shear hosted Gold
|Interest:||100% owned by Alto|
Exploration rights to 22,000 hectares of geology favourable for BIF and VMS mineralization; 2012 drilling returned 2.7 m averaging 6.7 g/t gold in one zone and 6.8 m averaging 5.7 g/t gold in another; Historical Resource** of 800,000 tonnes grading 6 g/t gold (150,000 ounces of gold)
Alto Ventures Ltd is a TSX Venture Exchange listed gold exploration company trading under the symbol ATV. The Company owns and operates gold exploration projects in Quebec, Manitoba and Ontario.
In Quebec, the Company owns two gold projects including Destiny and Alcudia. In 2017 the preparation of a new Resource Estimate Report was commissioned to consider the underground potential of the high grade gold zones within the DAC Deposit on the Destiny Project. The DAC Deposit is made up of high grade gold-bearing quartz veins occurring within five parallel altered shear zones. In addition to gold in the quartz veins, the altered zones also carry gold at lower grades than the quartz veins but are significantly wider and contribute to the global gold resources at the DAC Deposit. In 2011 a Resource Estimate Report was prepared to estimate the gold content and grades of the five parallel altered shear zones making up the DAC Deposit. The DAC Deposit has an NI43-101 compliant Indicated Resource of approximately 10.8 million tonnes averaging 1.05 g/t gold (364,000 ounces) plus an Inferred Resource of approximately 8.3 million tonnes averaging 0.92 g/t gold (247,000 ounces)*.
Results from diamond drilling by Alto Ventures on the GAP Zone include 78.7 g/t gold over 1.0 m within an 8 m interval averaging 11.3 g/t gold in hole DES12-147. Gold values of 22.7 g/t over 1.05 m were intersected in DES12-154. Other mineralized intercepts at GAP include two zones in hole DES12-144 which assayed 1.05 g/t gold over 10 m in one zone and the other assayed 1.04 g/t gold over 11.0 m. The Darla Zone is located immediately east of the GAP Zone along the same structure as the DAC Deposit and also has high grade intercepts including 19.5 g/t Au across 2.1 m and 20.6 g/t Au across 0.8 m.
The Alcudia Property is strategically located within two kilometres of the Main and Lynx zones on the Windfall Lake project operated by Osisko Mining in the Urban-Barry gold belt in Quebec. Osisko is currently in the midst of a 400,000 m diamond drilling program.
In Manitoba, Alto owns the Oxford Lake gold project which includes the Banded Iron Formation "BIF") hosted historical Rusty Gold Deposit. The Rusty Gold Deposit has reported Historical Resources of 800,000 tonnes grading 6 g/t gold, containing 150,000 ounces**. In 2012 the Company drilled hole RUS12-03 in the Blue Jay area approximately two km on trend and east of the Rusty Deposit (Rusty-Blue Jay Trend). RUS12-03 intersected multiple zones of iron formation and anomalous gold including two zones of high-grade gold mineralization: Zone One - 2.7 m averaging 6.7 g/t gold including 22.5 g/t gold over 0.5 m and Zone Two - 6.8 m averaging 5.7 g/t gold including 11.7 g/t gold over 1.6 m and 16.5 g/t gold over 1.0 m.
Alto owns five gold projects in Ontario four of which are in the Beardmore-Geraldton gold camp. The Company is currently active at Miner Lake located north of the Brookbank Deposit being explored by the Centerra Gold Inc.-Premier Gold Mines Ltd. Joint Ventures as part of their Greenstone Project.
* Todd McCracken, P.Geo, is a Qualified Person ("QP") for purposes of the NI 43-101 Report. He is responsible for preparing the Report and the Resource Estimate disclosed in the Report. Mr McCracken, at time of filing of the Report on SEDAR was an employee of Wardrop a Tetra Tech Company, and independent from the Companies as described in section 1.4 of NI 43-101.
** The Historical Resource was estimated in 1990 and a Qualified Person (QP), as defined by NI43-101, has not done sufficient work to classify this historical estimate as current mineral resources. Alto is not treating the historical estimate as current mineral resources, as defined by NI43-101, and thus the historical estimate should not be relied upon.