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Alto Ventures Commences Drilling Adjacent to Pikoo Diamond Discovery
Feb. 01, 2017 08:38AM PST
Gem Investing
Alto Ventures (TSXV: ATV) (OTC PINK: ALVLF) (“Alto”) is pleased to announce the start of a Reverse Circulation (RC) drilling program on the GEFA claims immediately adjacent to the Pikoo diamond discovery (see Figure 1). The program will test several high priority diamond targets identified from Alto’s 2015 high resolution aeromagnetic survey that are interpreted …
Alto Ventures (TSXV: ATV) (OTC PINK: ALVLF) (“Alto”) is pleased to announce the start of a Reverse Circulation (RC) drilling program on the GEFA claims immediately adjacent to the Pikoo diamond discovery (see Figure 1). The program will test several high priority diamond targets identified from Alto’s 2015 high resolution aeromagnetic survey that are interpreted to be consistent with kimberlite intrusions. The aeromagnetic targets are up-ice from Kimberlite Indicator Mineral (KIM) dispersion trains delineated during the 2014 glacial till sampling program. The drilling is helicopter supported and is scheduled to start immediately.
As quoted in the press release:
“Alto is working to earn a 60% interest in the 13,150 ha property by completing an aggregate $750,000 in exploration work and making cash payments totaling $60,000 before July 20, 2017. To date, Alto has completed exploration work totaling approximately $515,000 and paid $25,000 in cash.”