Alto Ventures to Drill 5,000 m at Oxford Lake

Plans 5000m of drilling at Oxford.

Vancouver, Canada, November 18, 2011 --( Alto Ventures Ltd. has released its plans for 2012 on the 100-per-cent-owned Oxford Lake property in central Manitoba. The company expanded the size of the Oxford Lake property in mid-2011 from 2,870 hectares to over 30,000 hectares with the acquisition of two mineral exploration licences. Upon acquisition of the MELs, a Geotech Ltd. VTEM and magnetometer survey covering 1,700 line kilometres delineated numerous targets favourable for gold deposits associated with banded iron formations as well as targets that exhibit high potential for massive sulphide copper, zinc, gold and silver deposits. The company is preparing a 5,000-metre diamond drilling program to start in January, 2012.


Property expanded to over 30,000 hectares with high potential for both banded iron formation gold deposits and massive sulphide copper, zinc, silver and gold deposits;

Numerous targets for gold and base metals delineated for 30 kilometres upon completion of 1,700-line-kilometre helicopter geophysical survey this past summer;

5,000 metres of diamond drilling planned to start in January, 2012.

Gold mineralization in the northern half of the Oxford Lake property is associated with a banded iron formation. Alto's geophysical surveys delineated the main gold target on the property, a trend of aeromagnetic high anomalies 30 kilometres long. The historical Rusty gold zone (historical resource of 800,000 tonnes averaging six grams per tonne gold) is one of several significant gold occurrences associated with this magnetic trend. Other occurrences along the trend include the East Rusty zone and the Blue Jay area. Historical drill intercepts at the East Rusty zone include 4.6 grams per tonne gold over 3.7 metres. The Blue Jay area is located two kilometres east of the Rusty Gold zone and historical drilling at Blue Jay intersected up to 10 grams per tonne gold over two metres. Gold in both the East Rusty zone and Blue Jay area is associated with the BIF delineated by Alto's aeromagnetic survey. Mineralization at the Rusty gold zone, East Rusty zone and Blue Jay area remains open along strike and to depth. The target model for this style of mineralization is the Musselwhite mine in Ontario, located in the western Superior geological province of the Canadian Shield. The Musselwhite mine has reported past production and reserves of over 5.7 million ounces of gold.

Geological and geophysical targets favourable for massive sulphide deposits rich in copper, zinc, silver and gold have been identified in the southern half of the property. These targets, which also extend for over 30 kilometres on strike, have been tested in the past by only a few drill holes. One of these holes (OX3-1-86) drilled in 1986 intersected 33 metres of BIF underlain by 14 metres of massive sulphide with showings of zinc within the massive sulphides. The closest drill holes on either side of OX3-1-86 are three kilometres to the west and 10 kilometres to the east. Some of the best geophysical targets lie within the large gaps not drilled previously. The target model in this part of the property is the past-producing Geco mine in the western Superior of Northwestern Ontario. The Geco mine has reported past production of 58 million tonnes averaging 1.9 per cent copper, 3.5 per cent zinc and 50 grams per tonne silver.

Alto is planning a 5,000-metre diamond drilling program scheduled to start at the end of January, 2012. This phase one program will test some of the high-potential BIF gold targets in the north half of the property, as well as targets considered to have high potential for hosting massive sulphide base metal deposits.

Alto Ventures
Matt Terriss