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Alto Ventures Stakes More Gold Claims at Its 100% Owned Miner Lake Property, Beardmore-Geraldton Gold Belt, Ontario
VANCOUVER, BC--(Marketwired - August 18, 2016) - . Alto Ventures Ltd. (TSX VENTURE: ATV) is pleased to report that it has increased the size of its Miner Lake p
About this update from Big Ridge Gold Corp
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - August 18, 2016) - . Alto Ventures Ltd. (TSX VENTURE: ATV) is pleased to report that it has increased the size of its Miner Lake property by over 30% to 3,328 ha through staking of six claims. The expansion of the property is in response to positive drill results where gold was intersected in eight of nine holes with one hole intersecting 39.2 metres averaging 0.6 g/t gold including 4.24 g/t gold over 1.5 metres. Gold mineralization is associated with altered hydrothermal breccia and shear zones hosted within a felsic intrusive. The newly staked claims cover the interpreted geological trend of gold mineralization. In addition, the large numbers of pristine gold grains recovered from several samples during the 2015 glacial till sampling program indicate the trend is prospective for gold mineralization. The 100% owned Miner Lake property is located in the north Beardmore-Geraldton gold belt approximately 10 km north from the Brookbank Gold Deposit that is currently being explored by the Premier Gold Mines-Centerra Gold Joint Venture. The Brookbank Deposit is reported to contain 4.32 million tonnes of Measured and Indicated Resources averaging 1.41 g/t Au (196,000 ounces of gold) mineable by open-pit and 0.93 million tonnes Indicated Resource averaging 7.21 g/t Au (215,000 ounces of gold) mineable by underground methods. Alto's President Mike Koziol, P. Geo. is a qualified person under the provisions of National Instrument 43-101. He has reviewed and approves the content in this news release. About Alto Ventures Ltd Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold and diamond properties. The Company is active in the Abitibi greenstone belt in Quebec on the Destiny gold property and is exploring in the Beardmore-Geraldton gold belt in Ontario. In Manitoba, the Company is focused on the gold and base metals potential of the highly prospective but relatively under-explored Oxford Lake property. The Destiny gold property hosts several important gold zones including the DAC Deposit which has NI43-101 compliant Indicated Mineral Resources of approximately 10.8 million tonnes at an average grade of 1.05 g/t gold (364,000 ounces contained gold) plus Inferred Mineral Resources of approximately 8.3 million tonnes at an average grade of 0.92 g/t gol...