Alto Receives Work Permit FOR Oxford Lake Project, Manitoba
NEWS RELEASE
ALTO RECEIVES WORK PERMIT FOR OXFORD LAKE PROJECT, MANITOBA
Vancouver, B.C., December 6, 2018. Further to its news release of November 6, 2017, Alto Ventures Ltd. (ATV: TSX-V)
(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 Project
The 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 Jay Zone lie along the Carrot River-Rusty-Blue Jay trend, a linear trend of magnetic highs
that was traced by Alto’s 2011 airborne geophysical surveys for over 30 km but only a few holes were drilled along this
trend, including historical hole CR92-2. CR92-2 was drilled 10 km west of the Rusty Deposit in the Carrot River area
intersecting 0.98 g/t Au over 3.1 m hosted by 10.3 m wide BIF units.
BIF deposits such as the Musselwhite Mine in Ontario tend to be large and relatively high grade. Past production at the
Musselwhite Mine to the end of 2017 was 25.67 million tonnes at an average grade of 5.92 g/t Au (4.88 million ounces of
gold). Proven and Probable Reserves to June 30, 2017 were 8.8 million tonnes averaging 6.5 g/t Au (1.85 million ounces)
as well as over 8 million tonnes in various Resource Estimate categories (Ontario Geological Survey Resident Geologist
Program, March 2018).
*The resource was estimated in 1990 and a Qualified Person (QP), as defined by NI43-101, has not done sufficient work to classify this
historical estimate as current mineral resources. Alto is not treating the historical estimate as current mineral resources, as defined by
NI43-101, and thus the historical estimate should not be relied upon.
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
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]