Alto Ventures Ltd. is pleased to announce the commencement of exploration on the GEFA and Fisher diamond claims adjacent to North Arrow Mineral's Pikoo diamond discovery in Saskatchewan.
The Company has started a four week program which includes the collection of approximately 200 glacial till samples to help define kimberlite indicator mineral trains ("KIM") that may ultimately lead to the discovery of diamonds on these properties. The 13,150 hectare GEFA claims are adjacent to the east of North Arrow's Pikoo diamond discovery and the 3,500 hectare Fisher claims are located 12 kilometres to the northwest of Pikoo.
Kimberlite indicator minerals from glacial tills have been used successfully in locating diamond bearing kimberlites across Canada. In the Pikoo area, the KIMs have been particularly useful in defining drill targets that resulted in North Arrow's discovery of kimberlites in 9 of 10 holes drilled in 2013 (see North Arrow Minerals website), including five holes that contain diamonds. The discovery of kimberlites on the Pikoo property is very significant as kimberlites tend to occur in clusters distributed over several tens of kilometres and Alto's properties are favourably located near the Pikoo diamondiferous kimberlites.
Alto Ventures is earning a 60% interest in the GEFA claims by making staged payments to the vendors totaling $60,000 over two years and completing $750,000 in exploration work on the property over 30 months (see Alto Ventures news release dated January 27, 2014). Alto is also earning a 100% interest in the Fisher claims by issuing to the vendor 25,000 shares of Alto and making cash payments totaling $18,000 over two years (see Alto Ventures news release dated January 22, 2014).
This news release has been reviewed and approved for technical content by Mike Koziol, P.Geo., a qualified person under the provisions of National Instrument 43-101.
About Alto Ventures Ltd.
Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian diamond, gold and base metals properties. Alto's diamond land holdings total approximately 89,536 hectares in central eastern Saskatchewan near the recent discovery of diamonds on the Pikoo Project. 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
Source: http://www.altoventures.com/