Business
Coldstream Property Expanded to Include the Highly Prospective Iris Zone, Coldstream Gold Property, Ontario
Coldstream Property Expanded to Include the Highly Prospective Iris Zone, Coldstream Gold Propert...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"\nColdstream Property Expanded to Include the Highly Prospective Iris Zone, Coldstream Gold Property, Ontario\n\n\n Dec. 1, 2009 (TheNewswire.ca) -- Vancouver B.C. December 1, 2009: Alto Ventures Ltd. (TSXV:ATV) (ATV: TSX-V) is pleased to announce results of the summer field work at the Iris Zone on the Coldstream Gold Property, Ontario. The 2009 field program on the Coldstream Property was focused on generating new high quality drill targets and gaining a better understanding of the controls on mineralization.The strong similarities to the East Coldstream Deposit, the kilometre-long IP chargeability anomalies and positive results from the very limited past drilling demonstrate the highly prospective nature of the Iris Zone. Drilling in being planned to test the new zone in this under explored area of the Coldstream Property.Highlights of the Iris Zone:-2009 grab samples returned up to 15.8 g/t Au-Recently acquired claims expand the Coldstream Property northward to cover this highly prospective ground-Mineralization shows strong similarities to the East Coldstream Deposit, located only 1.5 km to the south (non 43-101 compliant resource of 5.1 million tonnes with 234,000 ounces contained gold)-Mineralization is associated with IP Chargeability anomalies-Very limited drilling was completed previously with encouraging results including:\nDrill Hole From (m) To (m) Length (m) Au g/t \nVAN-07-003 53.3 58.5 5.2 1.27 \nVAN-07-003 65.1 70.1 5 1.28 \nVAN-07-005 25.5 38 12.5 0.74 \nincludes 33 37 4 1.19 \nThe Iris Zone occurs at the northeast end of the Coldstream Property on claims that were added to the property this summer. The exploration work was completed by Foundation Resources Inc (TSXV:FDN) (FDN: TSX-V) which is earning an interest in the project and is the operator of the project. The Iris Zone is located only 1.5 km north of the East Coldstream Deposit.Claims including the highly prospective Iris Zone were added to the Coldstream Property during the summer of 2009 (see Alto news release dated July 23, 2009) and a preliminary field assessment including prospecting and sampling of this new ground was carried out subsequently. Five IP chargeability anomalies have been delineated at the Iris Zone in 2007; two of these anomalies extend over 1 kilometre in strike length..HistoryThe East Coldstream Deposit, with historical resources o...