ALTO VENTURES LTD. : http://www.altoventures.com/ : QwikReport

News Releases

#Thu Dec 6, 2018
Alto Receives Work Permit For Oxford Lake Project, Manitoba

 Vancouver, B.C., December 6, 2018. Further to its news release of November 6, 2017, Alto Ventures Ltd. (ATV: TSX-V) (the "Company") has now received a work permit to carry out exploration programs consisting of line cutting, ground geophysics and 3,000 m of diamond drilling on its Oxford Lake project in Manitoba. The work permit was issued with certain conditions including a requirement that a heritage resource impact assessment (satisfactory to the Historic Resource Branch of Manitoba Sport, Culture and Heritage) be completed before work begins.

Given the conditions of the permit, and given that the planned work can best be carried out during the winter, Alto does not plan to undertake the work this winter season. The Company will however proceed with the heritage resource impact assessment and continue to engage the Bunibonibee Cree Nation (BCN) on opportunities associated with the project. Alto has in the past retained a number of BCN members and companies for a range of services including line cutting, ground geophysics, ice road maintenance, camp personnel and fuel purchases from the community for the geophysical survey and drill program.

A decision as to whether to proceed with a drill program will be made prior to the winter of 2020.

Alto's President, Mike Koziol, P. Geo. is a qualified person under the provisions of National Instrument 43-101 and approves the technical data and conclusions in this news release.

About the Oxford Lake Project

The Oxford Lake gold property targets Banded Iron Formation ("BIF") associated gold deposits in central Manitoba, approximately 150 km southeast of Thompson. The property includes the BIF hosted Rusty Gold Deposit, with Historical Resources* of 800,000 tonnes averaging 6 g/t gold (approximately 154,000 contained ounces of gold) as well as several other gold occurrences. The Blue Jay gold zone lies on trend and two km east of the Rusty Deposit and it too is associated with BIF. Drilling by Alto in 2012 on the Blue Jay Zone intersected two zones of high grade gold mineralization in hole RUS12-03; Zone One - 2.7 m averaging 6.7 g/t Au including 22.5 g/t Au over 0.5 m and Zone Two - 6.8 m averaging 5.7 g/t Au including 11.7 g/t Au over 1.6 m and 16.5 g/t Au over 1.0 m.

Both the Rusty Deposit and Blue Jay Zone lie along the Carrot River-Rusty-Blue Jay trend, a linear trend of magnetic highs that was traced by Alto's 2011 airborne geophysical surveys for over 30 km but only a few holes were drilled along this trend, including historical hole CR92-2. CR92-2 was drilled 10 km west of the Rusty Deposit in the Carrot River area intersecting 0.98 g/t Au over 3.1 m hosted by 10.3 m wide BIF units.

BIF deposits such as the Musselwhite Mine in Ontario tend to be large and relatively high grade. Past production at the Musselwhite Mine to the end of 2017 was 25.67 million tonnes at an average grade of 5.92 g/t Au (4.88 million ounces of gold). Proven and Probable Reserves to June 30, 2017 were 8.8 million tonnes averaging 6.5 g/t Au (1.85 million ounces) as well as over 8 million tonnes in various Resource Estimate categories (Ontario Geological Survey Resident Geologist Program, March 2018).

*The 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.

About Alto Ventures Ltd

Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. 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
Email: koziol@altoventures.com

Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: mazur@altoventures.com
 
#Wed Nov 14, 2018
Alto Reports Drilling Results From Miner Lake, Ontario

 Vancouver, B.C., November 14, 2018. Alto Ventures Ltd. (ATV: TSX-V) has received results from the 1,010 m diamond drill program completed on the Miner Lake project in the Beardmore-Geraldton gold camp in Ontario. A total of five holes were drilled to further test the main East-West mineralized corridor as well as other targets on the property (see Figure 1). The current program continues to build on Alto's previous work that identified persistent anomalous gold mineralization in widespread breccia zones hosted by feldspar porphyritic diorite. Chlorite altered gold-bearing breccia zones associated with feldspar porphyritic diorite were intersected in each of the 2018 holes, with gold values ranging from under 0.002 g/t to 4.48 g/t/ Au in individual samples.

"Results from the current program are encouraging" commented Rick Mazur, CEO and Director of Alto. He adds, "The persistent and widespread distribution of gold in the numerous breccia zones in feldspar porphyritic diorite has confirmed the presence of a large gold mineralizing system on the property. Gold mineralization is getting stronger to the west and requires further drilling."


Figure 1 Miner Lake Compilation and 2018 DDHs

MIN18-10 was drilled 50 m west of the 2011 hole MIN11-07 to test the mineralized horizon 50 m deeper than MIN11-07. The drill hole intersected wide zones containing geochemically anomalous gold assaying from tens of ppb to hundreds ppb including the higher assay intervals presented in Table 1. MIN18-11 was drilled 50 m west of MIN11-06 and tested for mineralization 50 m deeper than MIN11-06. This hole also contains zones of geochemically anomalous values with intervals of higher concentrations as presented in Table 1 including 1.5 m averaging 4.48 g/t Au. MIN18-11 is the westernmost hole on this trend and mineralization remain open and untested to the west.

MIN18-12 and 13 tested the southern extent of the main E-W mineralized corridor approximately 800 m east of MIN18-10. The holes cut wide zones of shearing and weak to moderate chlorite and sericite alteration within feldspar porphyritic diorite and mafic volcanic rocks. Geochemically anomalous gold values were obtained from several sections within these holes but not as persistent as in MIN18-11 and 12. The higher gold values are presented in Table 1.

MIN18-14 was drilled approximately 0.5 km north of the main E-W mineralized corridor to test a second corridor of gold occurrences which trends parallel to the main E-W corridor. This hole also intersected geochemically anomalous gold throughout the hole including a more focused section of higher gold concentrations from 117.5 m to 139.5 m averaging 0.23 g/t Au over 22.0 m. The gold anomalies in this hole are associated with chlorite-altered breccia zones associated with feldspar porphyritic diorite similar to the geology and mineralization in MIN18-10 and 11.

A summary of the downhole intervals containing higher gold values are presented in Table 1.

Table 1 - Miner Lake 2018 DDH Anomalous Au Intervals*
MIN18-10 From (m) To (m) Interval (m) Au (g/t)
50.7 55.2 4.5 0.379
117 121.5 4.5 0.259
150 153 3.0 1.03
160.5 175.5 15.0 0.48
MIN18-11
155.1 159.6 4.5 0.272
170.1 173.1 3.0 2.57
includes 171.6 173.1 1.5 4.48
183.6 184.1 10.5 0.36
MIN18-12 59 60.5 1.5 0.941
MIN18-13 156.5 158 1.5 0.346
MIN18-14 117.5 139.5 22.0 0.23
*The intervals reported are down-hole lengths as there is insufficient drilling density to determine the true widths. Mineralized zones generally start at 0.1 g/t gold and assay averages may include minimal intervals of waste material. No top cuts of assays were used.

Drilling by Alto in 2011 intersected significant gold mineralization in hole MIN11-06 including a 39.2 m wide zone averaging 0.6 g/t gold followed by a second zone averaging 0.385 g/t Au over 10.5 m (see Alto news release dated October 18, 2011). Hole MIN11-07, located 100 m east of MIN11-06, intersected 38.5 m averaging 0.483 g/t Au in an upper zone and a second zone averaging 0.259 g/t Au over 17.0 m. Anomalous gold occurs with disseminated and veinlet-controlled sulphides including pyrrhotite, chalcopyrite and pyrite within zones of chlorite altered hydrothermal breccia and brittle-ductile faulting associated with feldspar porphyritic diorite. These gold intercepts and breccia zones occur along the main E-W mineralized corridor that extends for over one km as is known now and it is open on strike to the east and west.

Quality Assurance/ Quality Control

Core processing included descriptive logging and selection of samples for analyses. The BTW-size cores were sawed in half and one half was delivered to AGAT Laboratories in Thunder Bay, Ontario where they were crushed and a 250 gram pulp was prepared. The pulp was then assayed for gold. The gold assaying method uses an industry standard Fire Assay with AA finish technique on a 30 gram aliquot taken from the 250 gm pulp (AGAT method codes 202-051). Commercially prepared standards were inserted by Alto at predetermined intervals to ensure precision of the results. The laboratory performed routine repeat check assays on pulps of selected samples to ensure internal lab quality control.

Alto's President, Mike Koziol, P. Geo. is a qualified person under the provisions of National Instrument 43-101 and approves the technical data and conclusions in this news release.

About Alto Ventures Ltd

Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. 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. 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
Email: koziol@altoventures.com

Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: mazur@altoventures.com
 
#Wed Sep 19, 2018
Alto Commences Drilling at Miner Lake, Ontario and Grants Stock Options

 Vancouver, B.C., September 19, 2018. Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the commencement of a 1,000 metre drill program on the Miner Lake project in the Beardmore-Geraldton gold camp in Ontario. A total of five to six holes will further test the main East-West mineralized corridor as well as two holes at other targets on the property.

Drilling by Alto in 2011 intersected significant gold mineralization in eight of nine holes drilled including hole MIN11-06 which intersected a wide zone of 39.2 m averaging 0.6 g/t gold followed by a second zone averaging 0.385 g/t Au over 10.5 m (see Alto news release dated October 18, 2011). Hole MIN11-07, located 100 m east of MIN11-06, intersected 38.5 m averaging 0.483 g/t Au in an upper zone and a second zone averaging 0.259 g/t Au over 17.0 m. Gold is associated with disseminated and veinlet-controlled sulphides including pyrrhotite, chalcopyrite and pyrite occurring within zones of hydrothermal breccia and brittle-ductile faulting.

Alto's President, Mike Koziol, P. Geo. is a qualified person under the provisions of National Instrument 43-101 and approves the technical data and conclusions in this news release.

Stock Options

Alto Ventures announces that, in accordance with the Company's stock option plan, it has granted to certain officers and consultants, incentive stock options to purchase up to an aggregate of 2,000,000 common shares exercisable on or before September 19, 2023 at a price of $0.05 per share

About Alto Ventures Ltd

Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. 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. 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
Email: koziol@altoventures.com

Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: mazur@altoventures.com
 
#Mon Sep 10, 2018
Summer Exploration Results, Beardmore Gold Camp, Ontario

 Vancouver, B.C., September 10, 2018. Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce that summer exploration worked was completed on the Miner Lake, Mud Lake and Brookbank East properties in the Beardmore-Geraldton gold camp in Ontario (Figure 1). Surface exploration work including geological and detailed structural mapping, prospecting, ground VLF surveying, bedrock and glacial till sampling have given the Company a greater understanding of the controls of mineralization on each property. Work at Miner Lake was in preparation for a 1,000 metre diamond drill program planned for mid-September.


Figure 1 Location of Alto Ventures gold properties in the Beardmore-Geraldton gold belt

Miner Lake

Better understanding of the controls on gold mineralization was gained from the 2018 detailed structural mapping near the south end of the diorite intrusive where the largest numbers of gold occurrences were discovered to date at Miner Lake. A majority of these occurrences are within an E-W corridor that is 100 m to 150 m wide and extends for 1.3 km along strike. Gold is associated with disseminated and veinlet-controlled sulphides including pyrrhotite, chalcopyrite and pyrite occurring within zones of hydrothermal breccia and brittle-ductile faulting. The presence of chalcopyrite is an excellent visual indicator of gold mineralization. Four of nine holes drilled by Alto in 2011 were along this corridor, including hole MIN11-06 which cut a wide zone of 39.2 m averaging 0.6 g/t gold followed by a second zone averaging 0.385 g/t Au over 10.5 m (see Alto news release dated October 18, 2011). Hole MIN11-07 is located 100 m east of MIN11-06 and it cut 38.5 m averaging 0.483 g/t Au in an upper zone and also followed by a second zone averaging 0.259 g/t Au over 17.0 m.

New areas of the property were mapped, prospected and rock grab sampled. Zones of hydrothermal breccia were discovered in the diorite approximately one kilometer north of the main E-W mineralized corridor. These zones also appear to trend E-W and are similar in appearance to the gold-bearing breccias to the south. Bedrock grab samples confirmed a new a cluster of gold anomalies associated with these breccias, including 2.88 g/t Au. Additional prospecting followed by hydraulic stripping will be required to further evaluate this area.

Ground VLF consisting of five lines, totaling 10 km of geophysical surveying has been completed. Two strong VLF anomalies were delineated, one of which is approximately 200m south of the target E-W corridor. This anomaly is interpreted to be near the volcanic-intrusive contact and is an attractive target for drilling. The second is an ENE trending anomaly located one kilometre north of the main structural corridor and will require further surface exploration.

The upcoming drilling program will consist of 1000 m in five or six holes. The drilling will further test the main E-W mineralized corridor near holes MIN11-06 and 07 as well as its interpreted extension to the east. Two holes will test other targets on the property.

Mud Lake

Prospecting, geological mapping and limited glacial till sampling were completed in July, 2018. Glacial till sampling has identified a gold-in-till dispersion train down ice from the Mud Lake Shear Zone, a dominant northeast striking structure that trends across the property for over six kilometres and is host to at least 12 significant gold occurrences. Very anomalous gold grain counts of 169 grains (when standardized to a 10 kg table feed sample, 232 grains in raw sample) were recovered from one till sample in the southwest corner of the property. Almost 60% of the grains in this sample are pristine in shape. Anomalous gold grain counts were recovered from another sample, 200 m up ice from the above and closer to the MLSZ. In this sample, 119 gold grains were recovered (when normalized to 10 kg table feed, 166 grains in raw sample) and almost 92% of the grains are pristine in shape. The anomalous samples are from the southwest corner of the property down-ice from narrow gold bearing quartz veins within the MLSZ. This portion of the MLSZ has not been drilled previously.

Diamond drilling completed by Alto in 2007 and 2008 intersected significant gold values in several holes that tested north and central sections of the MLSZ at very shallow depths. Hole MUD 07-06 cut 6.1 m averaging 3.39 g/t Au from 12.3 m to 18.4 m depth, including 13.97 g/t Au over 1.0 m. This hole cut a second zone averaging 5.56 g/t Au over 1.0 m from 28.6 m to 29.6 m. Hole MUD08-22 cut 7.25 g/t Au over 1.0 m from 36.6 m to 37.6 m and MUD08-25 intersected 3.2 g/t Au over 1.0 m from 42.5 m to 43.5 m. No deep drilling has been carried on any of these gold zones.

Prospecting peripheral to the MLSZ has located several new but smaller shear zones and narrow quartz veins. In total 46 grab samples were collected in 2018 but the assay results did not return significant gold anomalies.

Brookbank East

This property was acquired by staking in April, 2018. First-pass mapping and prospecting were carried out to confirm the geology and to relocate historical gold occurrences. Several trenches from the 1980's were found and sampled, returning gold values up to 8.0 g/t gold from selected grab samples. In addition, a number of trenches dating back to the 1940's and 1950's were located but these could not be sampled as they are overgrown and caved and filled with sand. The property is heavily forested and exposures are mainly in ridge areas of mafic volcanic rocks and conglomerate. The gold target shear zones are most likely in the low lying valleys between the ridges and these are generally muskeg and cedar swamps. However given the exceptional past results, additional mapping and prospecting is required to further evaluate this property.

Quality Assurance/Quality Control

Rock grab samples were shipped to the AGAT Laboratories in Thunder Bay, where the rocks were crushed and pulverized to prepare sample pulps up to 250 grams to 85% passing 75 microns. The pulps were then assayed for gold. The gold assaying method uses a standard Fire Assay with AA finish technique on a 30 gram sub-sample taken from a 250 gram split from the submitted sample. Commercially prepared standards were inserted by Alto with each batch of samples shipped to ensure precision of the results.

Alto's field crews collected a total of 18 glacial till samples using hand shovels. Nominal field weights for each sample were 15 kg of material after passing through a 6 mm screen. The till samples were processed for free gold grains counts and grain shapes by Overburden Drilling Management Ltd. ("ODM") at their laboratory in Ottawa, Ontario. ODM is the industry pioneer and global leader in heavy mineral geochemistry and indicator mineral exploration. Details of the sample processing protocol and quality control can be obtained from ODM and their website www.odm.ca.

Alto's President, Mike Koziol, P. Geo. is a qualified person under the provisions of National Instrument 43-101 and approves the technical data and conclusions in this news release.

About Alto Ventures Ltd

Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. 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. 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
Email: koziol@altoventures.com

Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: mazur@altoventures.com
 
#Wed Jul 11, 2018
Alto Commences Summer Exploration on the Miner Lake and Brookbank East Projects, Beardmore, Ontario

 Vancouver, B.C., July 11, 2018. Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce that summer exploration worked has started on the Miner Lake and Brookbank East properties in the Beardmore-Geraldton gold camp in Ontario. Surface exploration at Miner Lake includes geological mapping, detailed structural mapping, prospecting, sampling, and ground VLF surveying in preparation for diamond drilling. A diamond drilling program is anticipated to start in September, 2018.

Miner Lake

Detailed structural mapping of the main mineralized trend and ground VLF consisting of five lines, totaling 10 km of surveying have already been completed. Alto's previous work at Miner Lake included nine diamond drill holes in 2011; gold was intersected in each of the holes with one hole cutting a wide zone of 39.2 m averaging 0.6 g/t gold including 4.24 g/t gold over 1.5 m (see Alto news release dated October 18, 2011). Assay results from surface saw cut channel samples include 6.79 g/t gold across 1.0 m; 4.14 g/t gold across 1.4 m; and 1.78 g/t gold and 0.11% copper across 19 m. This last interval contains two higher grade sections of 3.36 g/t gold and 0.24% copper across 5.0 m and another section of 6.29 g/t gold and 0.08% copper across 2.0 m.

Brookbank East

The property was staked by Alto in April, 2018. Surface exploration work at the Brookbank East property will consist initially of geological mapping and prospecting. Records in the government assessment files from the surface geological work and diamond drilling indicate that favourable geology and alteration are similar to the Brookbank Gold Deposit, a 50/50 joint venture between Centerra Gold and Premier Gold.

The Brookbank Deposit is reported to include open-pit Measured and Indicated Resources of 2.64 million tonnes averaging 2.02 g/t Au and containing 172,000 ounces. Underground resources are reported to include Measured and Indicated Resources of 1.86 million tonnes averaging 7.21 g/t Au and containing 430,000 ounces of gold (www.premiergoldmines.com).

Results from some of the historical work on Alto's Brookbank East property include 10 g/t Au over 0.91 m intersected in a 1992 drill hole at the southeast end of the property. Grab samples up to 7.68 g/t Au were reported in 1988 from altered quartz veins in historical trenches near the centre of the property.

Alto's President, Mike Koziol, P. Geo. is a qualified person under the provisions of National Instrument 43-101 and approves the technical data and conclusions in this news release.

About Alto Ventures Ltd

Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. 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. For more details regarding the Company's projects, please visit our website at www.altoventures.com.


Figure 1 Location of Alto Ventures gold properties in the Beardmore-Geraldton gold belt


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
Email: koziol@altoventures.com

Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: mazur@altoventures.com
 

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