Alto Ventures Options Mining Claims Contiguous to the Pikoo Diamond Discovery, Northern Saskatchewan
27 Januar 2014 - 12:30PM
Marketwired
Alto Ventures Options Mining Claims Contiguous to the Pikoo Diamond
Discovery, Northern Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 27, 2014) - Alto
Ventures Ltd. (TSX-VENTURE:ATV) is pleased to announce the Company
has entered into an Option Agreement to acquire a 60% interest in
four mining claims (the "GEFA Option") immediately adjacent to the
southeast of North Arrow Minerals Pikoo diamond discovery in
northern Saskatchewan. Alto's land holdings now total approximately
85,000 hectares through claim staking and the purchase/option of
claims with favourable geology for diamonds (see Alto's news
releases dated December 31, 2013 and January 22, 2014).
Rick Mazur, CEO and Director of Alto Ventures stated, "Initial
sample results from Pikoo show a favourable size distribution and
high diamond counts, including strong potential for commercial size
diamonds. The quality of stones as shown on North Arrow's website
suggests that this is a discovery of significance that opens up the
northern Saskatchewan Craton as a new diamond district in Canada.
We plan to aggressively explore our newly acquired, strategically
located properties in this emerging diamond camp."
The four GEFA claims totaling 13,150 hectares are located
approximately 160 km east of the Town of La Ronge, Saskatchewan and
are contiguous to the Pikoo property within 10 km from the PK150
kimberlite. These claims occur along major regional structural
trends that could be related to the emplacement of diamondiferous
kimberlites in the northern Saskatchewan Craton, as interpreted by
Alto's diamond consultant. The diamond potential of the northern
Saskatchewan Craton in this area has been confirmed by North Arrow
Minerals Inc. with the discovery in 2013 of several kimberlites
that have returned high counts of diamonds exceeding 0.85 mm in
size (see North Arrow Minerals news release dated November 5,
2013).
Under the terms of the GEFA Option Agreement, Alto can earn a
60% interest in the four claims by making staged cash payments to
the vendors of $5,000 on signing (paid), $20,000 after year one and
$35,000 after year two totaling $60,000 and completing $250,000 in
exploration within one year and a further $500,000 within the
following 18 months totaling $750,000 in exploration expenditures
on the property over 30 months.
To view the figure associated with this press release, please
visit the following link:
http://media3.marketwire.com/docs/ATV-012714-fig1.pdf
This news release has been reviewed and approved for technical
content by Mike Koziol, P. Geo, a qualified person under the
provisions of National Instrument 43-101.
About Alto Ventures Ltd.
Alto Ventures Ltd. is an exploration and development company
with a portfolio of highly prospective Canadian gold and base
metals properties. The Company is active in Quebec in the Abitibi
greenstone belt on the Destiny gold property and in Ontario,
exploring in the Beardmore-Geraldton gold belt. In Manitoba, the
Company is focused on the gold and base metals potential of the
highly prospective but relatively under-explored Oxford Lake
property. Recently, the Company started to diversify its portfolio
with the acquisition of large packages of land in Saskatchewan that
are prospective for hosting diamonds.
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.
Alto Ventures Ltd.Mike KoziolPresident and
Director705-522-6372705-522-8856koziol@altoventures.comAlto
Ventures Ltd.Rick MazurCEO and
Director604-638-3943604-689-3609info@altoventures.comwww.altoventures.com
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