Home / Mining Company News Releases (Unreviewed) / Alto Commences Drilling at Miner Lake, Ontario and Grants Stock Options

Alto Commences Drilling at Miner Lake, Ontario and Grants Stock Options

Vancouver, British Columbia–(Newsfile Corp. – September 19, 2018) – Alto Ventures Ltd. (TSXV: ATV) 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: [email protected]oventures.com

Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: [email protected]

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/38741/Alto-Commences-Drilling-at-Miner-Lake-Ontario-and-Grants-Stock-Options. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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