Business
Alto Receives Work Permit for Oxford Lake Project, Manitoba
Vancouver, British Columbia--(Newsfile Corp. - December 6, 2018) - Further to its news release...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"Alto Receives Work Permit for Oxford Lake Project, ManitobaVancouver, British Columbia--(Newsfile Corp. - December 6, 2018) - Further to its news release of November 6, 2017, Alto Ventures Ltd. (TSXV: ATV) (the \"Company\") has now received a work permit to carry out exploration programs consisting of line cutting, ground geophysics and 3,000 m of diamond drilling on its Oxford Lake project in Manitoba. The work permit was issued with certain conditions including a requirement that a heritage resource impact assessment (satisfactory to the Historic Resource Branch of Manitoba Sport, Culture and Heritage) be completed before work begins. Given the conditions of the permit, and given that the planned work can best be carried out during the winter, Alto does not plan to undertake the work this winter season. The Company will however proceed with the heritage resource impact assessment and continue to engage the Bunibonibee Cree Nation (BCN) on opportunities associated with the project. Alto has in the past retained a number of BCN members and companies for a range of services including line cutting, ground geophysics, ice road maintenance, camp personnel and fuel purchases from the community for the geophysical survey and drill program.A decision as to whether to proceed with a drill program will be made prior to the winter of 2020.Alto's President, Mike Koziol, P. Geo. is a qualified person under the provisions of National Instrument 43-101 and approves the technical data and conclusions in this news release.About the Oxford Lake ProjectThe Oxford Lake gold property targets Banded Iron Formation (\"BIF\") associated gold deposits in central Manitoba, approximately 150 km southeast of Thompson. The property includes the BIF hosted Rusty Gold Deposit, with Historical Resources* of 800,000 tonnes averaging 6 g/t gold (approximately 154,000 contained ounces of gold) as well as several other gold occurrences. The Blue Jay gold zone lies on trend and two km east of the Rusty Deposit and it too is associated with BIF. Drilling by Alto in 2012 on the Blue Jay Zone intersected two zones of high grade gold mineralization in hole RUS12-03; Zone One - 2.7 m averaging 6.7 g/t Au including 22.5 g/t Au over 0.5 m and Zone Two - 6.8 m averaging 5.7 g/t Au including 11.7 g/t Au over 1.6 m and 16.5 g/t Au over 1.0 m.Both the Rusty Deposit and Blue ...