Alto Reports Drilling Results from Miner Lake, Ontario
NEWS RELEASE
ALTO REPORTS DRILLING RESULTS FROM MINER LAKE, ONTARIO
Vancouver, B.C., November 14, 2018. Alto Ventures Ltd. (ATV: TSX-V) has received results from the
1,010 m diamond drill program completed on the Miner Lake project in the Beardmore-Geraldton gold
camp in Ontario. A total of five holes were drilled to further test the main East-West mineralized corridor
as well as other targets on the property (see Figure 1). The current program continues to build on Alto’s
previous work that identified persistent anomalous gold mineralization in widespread breccia zones
hosted by feldspar porphyritic diorite. Chlorite altered gold -bearing breccia zones associated with
feldspar porphyritic diorite were intersected in each of the 2018 holes, with gold values ranging from
under 0.002 g/t to 4.48 g/t/ Au in individual samples.
“Results from the current program are encouraging” commented Rick Mazur, CEO and Director of Alto.
He adds, “The persistent and widespread distribution of gold in the numerous breccia zones in feldspar
porphyritic diorite has confirmed the presence of a large gold mineralizing system on the property. Gold
mineralization is getting stronger to the west and requires further drilling.”
Figure 1 Miner Lake Compilation and 2018 DDHs
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
MIN18-10 was drilled 50 m west of the 2011 hole MIN11-07 to test the mineralized horizon 50 m deeper
than MIN11-07. The drill hole intersected wide zones containing geochemically anomalous gold
assaying from tens of ppb to hundreds ppb including the higher assay intervals presented in Table 1.
MIN18-11 was drilled 50 m west of MIN11-06 and tested for mineralization 50 m deeper than MIN11-
06. This hole also contains zones of geochemically anomalous values with interva ls of higher
concentrations as presented in Table 1 including 1.5 m averaging 4.48 g/t Au . MIN18 -11 is the
westernmost hole on this trend and mineralization remain open and untested to the west.
MIN18-12 and 13 tested the southern extent of the main E -W mineralized corridor approximately 800
m east of MIN18-10. The holes cut wide zones of shearing and weak to moderate chlorite and sericite
alteration within feldspar porphyritic diorite and mafic volcanic rocks . Geochemically anomalous gold
values were obtained from several sections within these holes but not as persistent as in MIN18 -11 and
12. The higher gold values are presented in Table 1.
MIN18-14 was drilled approximately 0.5 km north of the main E-W mineralized corridor to test a second
corridor of gold occurrences which trends parallel to the main E-W corridor. This hole also intersected
geochemically anomalous gold throughout the hole including a more focused section of higher gold
concentrations from 117.5 m to 139.5 m averaging 0.23 g/t Au over 22.0 m. The gold anomalies in this
hole are associated with chlorite-altered breccia zones associated with feldspar porphyritic diorite similar
to the geology and mineralization in MIN18-10 and 11.
A summary of the downhole intervals containing higher gold values are presented in Table 1.
Table 1 - Miner Lake 2018 DDH Anomalous Au Intervals*
MIN18-10 From (m) To (m) Interval (m) Au (g/t)
50.7 55.2 4.5 0.379
117 121.5 4.5 0.259
150 153 3.0 1.03
160.5 175.5 15.0 0.48
MIN18-11
155.1 159.6 4.5 0.272
170.1 173.1 3.0 2.57
includes 171.6 173.1 1.5 4.48
183.6 184.1 10.5 0.36
MIN18-12 59 60.5 1.5 0.941
MIN18-13 156.5 158 1.5 0.346
MIN18-14 117.5 139.5 22.0 0.23
*The intervals reported are down-hole lengths as there is insufficient drilling density to determine the true widths. Mineralized zones generally start at 0.1
g/t gold and assay averages may include minimal intervals of waste material. No top cuts of assays were used.
Drilling by Alto in 2011 intersected significant gold mineralization in hole MIN11-06 including a 39.2
m wide zone averaging 0.6 g/t gold followed by a second zone averaging 0.385 g/t Au over 10.5 m (see
Alto news release dated October 18, 2011). Hole MIN11 -07, located 100 m east of MIN11 -06,
intersected 38.5 m averaging 0.483 g/t Au in an upper zone and a second zone averaging 0.259 g/t Au
over 17.0 m . Anomalous go ld occurs with disseminated and veinlet -controlled sulphides including
pyrrhotite, chalcopyrite and pyrite within zones of chlorite altered hydrothermal breccia and brittle -
ductile faulting associated with feldspar porphyritic diorite . These gold intercepts and breccia zones
occur along the main E-W mineralized corridor that extends for over one km as is known now and it is
open on strike to the east and west.
Quality Assurance/ Quality Control
Core processing included descriptive logging and selection of samples for analyses. The BTW-size
cores were sawed in half and one half was delivered to AGAT Laboratories in Thunder Bay, Ontario
where they were crushed and a 250 gram pulp was prepared. The pulp was then assayed for gold. The
gold assaying method uses a n industry standard Fire Assay with AA finish technique on a 30 gram
aliquot taken from the 250 gm pulp (AGAT method codes 202-051). Commercially prepared standards
were inserted by Alto at predetermined intervals to ensure precision of the results. The laboratory
performed routine repeat check assays on pulps of selected samples to ensure internal lab quality control.
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 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. 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]