Alto Identifies Further Gold Mineralization Along the 30km Carrot River-Rusty-Blue Jay Gold Trend, Oxford Lake, Manitoba

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[{"type":"text","content":"Alto Identifies Further Gold Mineralization Along the 30km Carrot River-Rusty-Blue Jay Gold Trend, Oxford Lake, ManitobaVancouver, British Columbia--(Newsfile Corp. - November 6, 2017) - Alto Ventures Ltd. (TSXV: ATV) is pleased to announce highlights of results from the 2017 summer program along the Carrot River-Rusty-Blue Jay trend on the Oxford Lake project in Manitoba (Figure 1). The Carrot River-Rusty-Blue Jay trend is a 30 km trend of aeromagnetic highs associated with banded iron formation (\"BIF\") units which host the historical 154,000 ounce Rusty Gold Deposit*, the multiple, high grade Blue Jay Gold Zone and the solitary hole drilled by Noranda 10 km further west in the Carrot River area intersecting gold in 10.3 m of BIF. Bedrock exposures on the trend west of the Rusty Gold Deposit are sparse due to overburden cover, however Alto's prospecting team made significant new discoveries. Given the previous gold intersections in drilling and recent prospecting discoveries, there is encouragement for discovery of a major BIF gold deposit on the Oxford Lake project. New gold occurrences discovered included up to 3.36 g/t Au in grab samples from quartz veinlets within a mostly-buried outcrop of pyrrhotite-bearing bedded chert-siltstone, flanking a strong aeromagnetic linear interpreted to be related to BIF. At another location, an assay of 1.39 g/t Au was obtained from a grab sample of quartz veinlets in sheared gabbro located immediately north of the historical Noranda hole CR92-2 which reported 0.98 g/t Au over 3.1 m hosted by BIF. Other significant gold anomalies were obtained from the Brogden Lake area located at the west end of the Carrot River-Rusty- Blue Jay trend. Grab sampling of a historical gold showing here returned up to 2.41 g/t Au associated with a narrow, banded magnetite-chert iron formation. Outcrops of the original Rusty BIF gold occurrence were cleaned and sampled, returning grab sample values up to 5.38 g/t Au. New gold mineralization, up to 2.16 g/t Au in banded tuff/metasedimentary rocks, was found just south of Blue Jay Zone and the main BIF trend.The abundance of gold occurrences along this trend, including the Rusty Gold Deposit and Blue Jay Zone, and those in the Carrot River and Brogden Lake areas confirm the strong gold tenor of the 30 km long Carrot River-Rusty-Blue Jay BIF trend. The Company is ...

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