Business
Alto Confirms High Grades from Grab Samples of Narrow Veins on Hyers Island at Oxford Lake, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - September 19, 2017) - Alto Ventures Ltd. (TSXV:...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"Alto Confirms High Grades from Grab Samples of Narrow Veins on Hyers Island at Oxford Lake, ManitobaVancouver, British Columbia--(Newsfile Corp. - September 19, 2017) - Alto Ventures Ltd. (TSXV: ATV) is pleased to announce highlights of results from the 2017 summer program in the Hyers Island area on the Oxford Lake project in Manitoba. Results from the magnetic trend hosting the Rusty banded iron formation (\"BIF\") associated gold deposit and the Cat Eye Bay area of the Oxford Lake project will be released in the near future. The Hyers Island area is one of three separate locations worked on in 2017 and lies near the south end of this large property, approximately six kilometres southwest from the Rusty gold deposit. The Oxford Lake property covers 36,000 ha of geology prospective for hosting BIF associated gold deposits, syn-orogenic gold deposits and gold associated with sulphide copper-zinc-silver mineralization.The objectives of the 2017 rock grab sampling, geological mapping, and prospecting program were: 1) to verify grades at historical showings; 2) to follow up previously underexplored targets along a 30 km trend of magnetic highs that are associated with BIF units which host the historical Rusty Gold Deposit and the Blue Jay gold zone, and 3) to identify new targets. In total, 803 rock grab samples were collected on the entire Oxford Lake property and results reported here are from the Hyers Island area only. The results of the 2017 work, once fully compiled and interpreted will be incorporated into the data base in preparation for diamond drilling that is being planned for 2018.2017 Exploration Highlights in the Hyers Island AreaVerification grab samples returned up to 109 g/t Au within a 15cm wide quartz-sulphide-carbonate vein from the south shore of Hyers Island; the vein also includes 16.9 g/t Ag, 0.7% Cu and 24% Zn. Several other notable gold and gold-base metals samples were obtained from narrow quartz-sulphide veins and sulphide pods near the south shore of Hyers Island including 7.2 g/t Au and 83.7 g/t Ag; 2.1 g/t Au and 24.1 g/t Ag; 1.2 g/t Au and 14.5 g/t Ag; and 2.3 g/t Au (see Figure 1).Significant gold values with accessory silver and zinc were obtained from bedrock grab samples mineralized with pyrite and sphalerite on north Hyers Island including 4.9 g/t Au with 51 g/t Ag and 12.7% Zn; 1.8 g/t Au and 1...