Alto Ventures Ltd. is pleased to announce the commencement of a high-resolution airborne magnetometer survey to be flown over its GEFA claims located adjacent to the North Arrow Minerals Pikoo diamond discovery in north central Saskatchewan.
The survey will be flown at a 50m line spacing consisting of 3,370 line kilometers with completion in the next four to six weeks.
In September, 2014, Alto collected 325 till samples from the GEFA and Fisher diamond claims. All of the samples are being processed at the Saskatchewan Research Council in Saskatoon. Approximately three quarters of the samples have been visually processed for Kimberlite Indicator Minerals ("KIM"s) and once all samples are processed, selected grains will be forwarded for microprobe analyses. Complete results are expected in February, 2015.
Alto plans to use the aeromagnetic data in combination with the KIM results to design a 2015 sampling program to better define KIM trains and select drill targets.
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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's first year work commitments have been completed on the GEFA option. Alto is 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.
Source: http://www.altoventures.com/