Alto Ventures Provides Update on Oxford Lake Project, Manitoba
Alto Ventures Provides Update on Oxford Lake Project,
Manitoba
Vancouver, British Columbia--(Newsfile Corp. - December 22, 2017) - Alto Ventures Ltd. (TSXV:
ATV
) has decided, after
careful consideration, not to proceed indefinitely with an exploration program at Oxford Lake in Manitoba. This decision was
made in light of recent changes in position of the Bunibonibee Cree Nation toward the proposed exploration, and related
challenges the company faced in obtaining clear and timely information regarding the Government of Manitoba's position on
Aboriginal consultation and permitting matters. Alto has in past had a constructive relationship with the Bunibonibee Cree Nation
and had planned to use a number of its members and companies for a range of services including line cutting, ground
geophysics, ice road maintenance, camp person, cook and fuel from the community.
Alto remains open to working with the Bunibonibee Cree Nation to resolve the issues outstanding to continue to advance the
Oxford Lake Project in the future.
For the foreseeable future, Alto will refocus its exploration efforts to the Miner Lake and Mud
Lake Projects in northwestern Ontario and the Destiny Project in Quebec.
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:
Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
Suite 615-800 W. Pender Street
Vancouver, BC, V6C 2V6
Tel: 604-689-2599
Email: