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Trenching at the Goldie Zone Succeeds in Developing Drill Ready Targets on the Coldstream Gold Property, Ontario
Trenching at the Goldie Zone Succeeds in Developing Drill Ready Targets on the Coldstream Gold Pr...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"\nTrenching at the Goldie Zone Succeeds in Developing Drill Ready Targets on the Coldstream Gold Property, Ontario\n\n\n Nov. 24, 2009 (TheNewswire.ca) -- Vancouver B.C. November 24, 2009: Alto Ventures Ltd. (TSXV:ATV) (ATV: TSX-V) is pleased to announce the results of the summer field program at the Goldie Zone on the Coldstream Gold Property, Ontario. Trenching and channel sampling have succeeded in developing a historic gold showing into drill ready targets. 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.Highlights of the Goldie Zone:-2009 channel samples up to 30.7 g/t Au over 1.15 m-Channel sampling results demonstrate a mineralized strike length of at least 300 m-Strong similarities to the nearby East Coldstream Deposit (non 43-101 compliant resource of 5.1 million tonnes with 234,000 ounces contained gold)-Only 850m south of the East Coldstream Deposit - Potential to add tonnage as a satellite deposit-No previous drilling on this very prospective zoneSome significant gold assays obtained from 2009 channel sampling include:Please click URL to view table:http://www.altoventures.com/i/nr/2009-11-24-goldie-zone-table.gifThe 2009 trenching program at the Goldie Zone has exposed significant gold mineralization over more than 300 metres of strike length. Detailed trench mapping has shown that the gold mineralization occurs in intensely silicified shear zones. These shear zones trend east-northeast and are sub-parallel to the steeply dipping shear zones that host the East Coldstream Deposit only 850 m to the north.The East Coldstream Deposit, with historical resources of 5.1 million tonnes averaging 1.4 g/t gold and containing 234,000 ounces of gold, was discovered by Noranda Exploration Ltd and was delineated by 37 diamond drill holes between 1988 and 1991. Noranda prepared the historical resource estimate in 1991 however no \"qualified person\" (as that term is defined in NI 43-101) has to date done sufficient work to classify the historical estimate as current mineral resources. The Company is not treating the historical estimate as current mineral resources (as defined in NI 43-101) and thus the historicalestimate should not be replied upon. Please see Alto's November 16th news release for further details on ...