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Alto Confirms High Grades from Grab Samples at Cat Eye Bay, Oxford Lake, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2017) - Alto Ventures Ltd. (TSXV: ...
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[{"type":"text","content":"Alto Confirms High Grades from Grab Samples at Cat Eye Bay, Oxford Lake, ManitobaVancouver, British Columbia--(Newsfile Corp. - October 18, 2017) - Alto Ventures Ltd. (TSXV: ATV) is pleased to announce highlights of results from the 2017 summer program in the Cat Eye Bay area on the Oxford Lake project in Manitoba (Figure 1). The Cat Eye Bay area is one of three separate locations worked on in 2017 and lies near the southeast end of this large property, approximately 15 km southwest from the Rusty banded iron formation (\"BIF\") associated gold deposit. Grab samples of the mineralized rocks from the trenches returned poly-metallic mineralization including 37.8 g/t Au, 71.9 g/t Ag, 2.5% Cu and 2.5% Zn. Results of grab samples from other trenches are illustrated in Figure 2. Historical drilling in the area of the trenches returned up to 9.3 g/t Au, 89.5 g/t Ag and 4.42% Zn over 0.52 metres core length. 2017 Exploration Highlights in the Cat Eye Bay AreaVerification rock grab samples from the Cat Eye Bay showings returned several high grade gold-silver-copper-zinc assays from a series of historical trenches that trace mineralization for over 300 m along strike. Gold-silver-base metals mineralization is hosted by narrow (10 to 20 cm) bands of silicious rock containing semi-massive pyrite with accessory chalcopyrite, sphalerite and locally galena. The mineralized bands are encapsulated within sheared, banded, fissile mica-quartzite (re-crystalized chert?) alternating with sericite schist layers and quartz rich layers containing significant amphibole. Two new occurrences were discovered away from the Cat Eye Bay trenches. One occurrence, which is located approximately 400 m northwest and possibly along strike from Cat Eye Bay trenches, returned grab sample values up to 12.5 g/t Au and 0.9 g/t Ag. Gold and silver here are hosted by centimeter scale quartz veinlets within magnetite-amphibolite rock interpreted to be highly metamorphosed iron formation. The second occurrence is located approximately 3 km northeast of Cat Eye Bay and gold values up to 5.8 g/t Au, 7 g/t Ag and 1.1% Cu were obtained from a quartz-chalcopyrite veinlets hosted by a 20 cm shear zone within mafic volcanics.The abundance of these high grade showings and widespread distribution confirm the exploration potential of the Oxford Lake property peripheral to the Alto's...