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Project: | Miner Lake | |
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Deposit: | Miner Lake | |
Location: | Canada | |
Commodities: | Gold | |
Date: | 11/15/2018 | |
Report Code: | NI43-101 | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resources Definition | |
Report details: | 15-11-2018: Alto Ventures Ltd. announces an Exploration/Drilling Update report for its Miner Lake deposit at the Miner Lake project. Drilling results incl. 15.0m @ 0.48g/t Au from 160.5m. Vancouver, B.C., November 14, 2018. Alto Ventures Ltd. (ATV: TSX-V) | |
Resources: | x | |
CP/QP: | [Overall Report]: Mike Koziol (Internal) | |
ABSTRACT: | 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.” 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 intervals 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. | |
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