Alto Confirms High Grades from Grab Samples at CAT Eye BAY, Oxford Lake, Manitoba
NEWS RELEASE
ALTO CONFIRMS HIGH GRADES FROM GRAB SAMPLES AT CAT EYE BAY,
OXFORD LAKE, MANITOBA
Vancouver, B.C., October 18, 2017 . Alto Ventures Ltd. ( ATV: TSX -V) is pleased to announce
highlights of results from the 2017 summer program in the Cat Eye Bay area on the Oxford Lake
project in Manitoba (Figure 1). The Cat Eye Bay area is one of three separate locations worked on in
2017 and lies near the south east end of this large propert y, approximately 15 km southwest from the
Rusty banded iron formation ("BIF") associated gold deposit. Grab samples of the mineralized rocks
from the trenches returned poly -metallic mineralization including 37.8 g/t Au, 71.9 g/t Ag, 2.5% Cu
and 2.5% Zn. R esults of grab samples from other trenches are illustrated in Figure 2. Historical
drilling in the area of the trenches returned up to 9.3 g/t Au, 89.5 g/t Ag and 4.42% Zn over 0.52
metres core length.
2017 Exploration Highlights in the Cat Eye Bay Area
Verification rock grab samples from the Cat Eye Bay showings returned several high grade gold -
silver-copper-zinc assays from a series of historical trenches that trace mineralization for over 300 m
along strike. Gold -silver-base metals mineralization is hosted by narrow (10 to 20 cm) bands of
silicious rock containing semi -massive pyrite with accessory chalcopyrite , sphalerite and locally
galena. The mineralized bands are encapsulated within sheared, banded , fissile mica -quartzite ( re-
crystalized chert?) alternating with sericite schist layers and quartz rich layers containing significant
amphibole.
Two new occurrences were discovered away from the Cat Eye Bay trenches. One occurrence, which is
located approximately 400 m northwest and possibly along strike from Cat Eye Bay trenches , returned
grab sample values up to 12.5 g/t Au and 0.9 g/t Ag. Gold and silver here are hosted by centimeter
scale quartz veinlets with in magnetite-amphibolite rock interpreted to be highly metamorphosed iron
formation. The second occurrence is located approximately 3 km northeast of Cat Eye Bay and gold
values up to 5.8 g/t Au, 7 g/t Ag and 1.1% Cu were obtained from a quartz-chalcopyrite veinlets hosted
by a 20 cm shear zone within mafic volcanics.
The abundance of these high grade showing s and widespread distribution confirm the exploration
potential of the Oxford Lake property peripheral to the Alto's main target, the Rusty -Blue Jay BIF
trend. Additional work is required in the Cat Eye Bay area as well as Hyers Island to better understand
the controls on mineralization before drilling is carried out.
District Scale Exploration Potential of the Oxford Lake Property
The Oxford Lake property covers 36,000 ha of geology prospective for hosting BIF associated gold
deposits, syn -orogenic gold deposits and gold associated with sulphide copper -zinc-silver
ALTO VENTURES LTD.
Suite 615 - 800 W. Pender Street
Vancouver, B.C. V6C 2V6
Tel: 604.689.2599
Fax: 604.689.3609
www.altoventures.com
mineralization. The objectives of the 2017 rock grab sampling, geological mapping, and prospecting
program were: 1) to verify grades at historical showings; 2) to follow up p reviously underexplored
targets along a 30 km trend of magnetic highs that are associated with BIF units which host the
historical Rusty Gold Deposit and the Blue Jay gold zone, and 3) to identify new targets. In total, 803
rock grab samples were collected on the entire Oxford Lake property. The results of the 2017 work,
once fully compiled and interpreted will be incorporated into the data base in preparation for diamond
drilling that is being planned for 2018.
The Rusty and Blue Jay Banded Iron Formation Deposits
Results from the 2017 work along the 30 km trend of aeromagnetic highs hosting the Rusty Gold
Deposit are currently being compiled and will be released in November. The Rusty Gold De posit
discovered by Noranda in 1990 is reported to host a Historical Resource* of 800,000 tonnes averaging
6 g/t Au and containing approximately 154,000 ounces of gold associated with BIF . In 2012 , Alto
drilled hole RUS12 -03 in the Blue Jay area approximately two kilometres on trend and east of the
Rusty Deposit. RUS12-03 intersected two zones of high-grade gold mineralization associated with the
same extensive BIF unit as the Rusty Deposit . Results from one zone are 2.7 metres averaging 6.7 g/t
gold including 22.5 g/t gold over 0.5 m etres and from the second zone - 6.8 metres averaging 5.7 g/t
gold including 11.7 g/t gold over 1.6 metres and 16.5 g/t gold over 1 metre.
Of prime significance, a single diamond drill hole completed in 1992 along this 30 km aeromagnetic
trend intersected 0.98 g/t over 3.1 m within a 10.3 metre section of BIF in the Carrot River area located
approximately 10 km west of the Rusty Gold Deposit . Minimal past exploration was completed in the
overburden covered Carrot River area along this trend of tremendous potential for BIF gold
mineralization.
* The historical resources were estimated prior to NI43-101 standards being enacted and a Qualified Person (QP), as defined by NI43-
101, has not done sufficient work to classify these historical estimates as current mineral resources. Alto is not treating the historical
estimate as current mineral resources, as defined by NI43-101, and thus the historical estimates should not be relied upon.
Quality Control
Rock grab samples were shipped to the A LS Canada laboratory in Thunder Bay, where the rocks were
crushed and pulverized to prepare sample pulp s up to 250 grams to 85% passing 75 microns. The
pulps were then shipped by ALS Canada to their Vancouver laboratory for gold and multi -element
analyses. The gold assaying method uses a standard Fire Assay with AA finish technique on a 30 gram
sub-sample taken from a 250 gram split from the submitted sample. Check assays were performed on
samples with gold values greater than 10 g/t Au using Fire Assay a nd Gravimetric finish.
Commercially prepared standards were inserted Alto with each batch of samples shipped to ensure
precision of the results.
The samples were also tested for 35 other elements using ICP Aqua -Regia digestion (ALS-ME-ICP41
35 element Aq ua Regia). Ore grade analyses were performed on certain samples where base metal
values exceeded the maximum detection ranges for the ICP-Aqua Regia methods.
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.
Figure 1 Oxford Lake Property 2017 Iron Formation Extent in relation to Cat Eye Bay.
Figure 2 Oxford Lake Property 2017 Cat Eye Bay Highlights showing rock grab samples containing >1 g/t Au.
About Alto Ventures Ltd
Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective
Canadian gold 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. For more details regarding the Company's projects, please visit
our website at www.altoventures.com.
ON BEHALF OF THE BOARD,
Richard J. Mazur, P. Geo.,
CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information contact:
Mike Koziol,
President and Director
ALTO VENTURES LTD.
Unit 7 – 1351C Kelly Lake Rd
Sudbury, ON., P3E 5P5
Tel: 705-522-6372
Email: [email protected]
Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: [email protected]