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Follow on Google News | High Priority Drill Targets Identified on Span Lake Claims, Coldstream Property, OntarioHigh Priority Drill Targets Identified on Span Lake Claims, Coldstream Property, Ontario
By: Alto Ventures Ltd The purpose of the survey is to define a potential extension of the Moss Lake Gold Deposit onto the Span Lake claims and find new drill targets based on chargeability/ In the Span Lake area, gold is mainly associated with chargeable pyrite within highly resistive host rocks (sheared and silicified) of intermediate to felsic metavolcanics and quartz-feldspar porphyry intrusions. Preliminary interpretation of the survey identified three areas (IP-1, IP-2 and IP-3) of strongest chargeable bedrock responses coincident with strong to moderate resistive anomalies (Figure 1). Within these three areas, nine high priority drill targets are selected. The southwestern targets within the IP-1 are located potentially on-strike to the North Zone of the Moss Lake Gold Deposit. The southeastern anomaly (IP-2) suggests a potential extension of the QES Zone of the Moss Lake Gold Deposit. “We are very pleased by the successful completion and the encouraging results obtained from the IP survey at Span Lake” comments Foundation’s President and Director, Ike Osmani. Foundation and Alto are planning to drill this area in the next drilling program to confirm the existence of economic gold mineralization. A 6000-summer drilling program is currently underway at the East Coldstream Deposit located about 8.0 km northeast of the Span Lake claims. Results from two drill holes of this drilling program have already been announced (News Release dated July 11, 2011). Ike Osmani, M.Sc., P.Geo., the President of Foundation and the Qualified Person for the Coldstream Project has reviewed and approved the technical content of this news release. The Span Lake Claims The Span Lake area consists of 27 claims (442 ha) representing the southern-most part of the 6,394 hectare Coldstream Property. The regionally extensive belt of intermediate and felsic metavolcanic rocks that hosts a number of gold occurrences and the Moss Lake Gold Deposit underlies the Span Lake claims. Gold on the Span Lake claims is mainly associated with pyrite and occurs within sheared/fractured and altered intermediate to felsic metavolcanic rocks, diorite, quartz-feldspar and feldspar porphyry intrusions. Typical alteration mineral assemblage, depending on the host rock composition, consists of silica, albite, sericite, hematite and biotite or k-feldspar as potassic minerals. The Coldstream Property The 6,234-hectare Coldstream Property is located along the Trans Canada Highway 115 km west of the City of Thunder Bay, Ontario. The area is road accessible and has excellent infrastructure with a major power line and CN rail line passing just north of the property. Skilled labour is readily available locally. For more details regarding the Coldstream Property, please visit our website at www.altoventures.com 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 Quebec in the Abitibi greenstone belt where it has a number of projects including the Alcudia and Destiny gold properties. In Ontario, the Company is exploring in the Beardmore-Geraldton gold belt and the Coldstream project in the Shebandowan gold district. In the Chilcoten Plateau of British Columbia, the Company is exploring the Chilko project near the Newton gold deposit. 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 8 – 1351D Kelly Lake Rd Sudbury, ON., P3E 5P5 Tel: 705-522-6372 Fax: 705-522-8856 Email: koziol@altoventures.com Website: www.altoventures.com Matt Terriss, Director of Corporate Affairs ALTO VENTURES LTD. 910-475 Howe Street Vancouver, BC, V6C 2B3 Tel: 604-638-3947 Fax: 604-689-3609 Email: terriss@altoventures.com Website: www.altoventures.com End
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