Alto Ventures has reported the results of six diamond drill holes which were drilled at the Oxford Lake property in central Manitoba during 2012.
Location of drill holes RUS12-01 to RUS12-03, Rusty and Blue Jay zones
The company cut two high-grade mineralized gold zones in hole RUS12-03, including
22.5 g/t gold over 0.5 m and 6.7 g/t gold over 2.7 m from Zone One and 16.5 g/t gold over 1.0 m, 11.7 g/t gold over 1.6 m and 5.7 g/t gold over 6.8 m from Zone Two.
Alto specifically drilled the hole RUS12-03 at a distance of 2.2 km towards the eastern part along strike from the Rusty zone in order to examine the previous Blue Jay zone. Better values of gold and several mineralized gold zones were returned from this hole. The gold mineralization is exposed at depth and additional deposit prospective exists along a 30 km aeromagnetic highs trend.
The holes RUS12-01 and -02 were specifically drilled at near-surface depths in order to validate the previous Rusty Gold zone’s ground site and to receive mineralization samples. The spacings between the two drill holes were 200 m apart on strike and every hole cut the zone mineralization at the predicted sites.
The drill results from Oxford Lake are positive and confirm the presence of mineralized gold for more than 2 km along strike. The 2011 aeromagnetic and VTEM surveys carried out by the company outlined the Rusty trend for 30 km along strike. The company drilled only a fewer holes along this trend.
The company drilled six holes, totaling 1,029 m, during 2012 warm winter drilling season. Line cutting for 100 line-km was included in the pre-drilling preparation work followed ground magnetometer and Max Min HLEM surveying, which was carried out during February, 2012.