Alto Ventures Ltd. announces drilling intersects 78 grams per tonne gold on destiny gold project, val d'or area, Quebec
Wednesday, Apr 11, 2012Alto Ventures Ltd. ("Alto") (TSX VENTURE:ATV) and Next Gen Metals Inc. ("Next Gen") (TSX VENTURE:N) are pleased to announce assay results from the first six holes of the 2012 drill program on the Destiny Gold project located near Val-d'Or, Quebec.
Drill holes DES12-144 to DES12-149 were designed to test for the presence of gold mineralization at shallower depth along the strike between the DAC Deposit to the west and the Darla Zone to the east ( Figure 1), thereby expanding the mineralized zone down-dip and along the strike. These six drill holes confirm the presence of higher-grade gold values that occur within a broad lower-grade mineralization envelope with strong alteration and shearing between the DAC Deposit and the Darla Zone.
Drill hole DES12-147 was drilled on Section 318260E and intersected 78.7 g/t gold over 1.0 m from 87.5 m to 88.5 m within a higher grade envelope that averages 11.3 g/t gold over 8.0 m from 85.5 m to 93.5 m.
Drill holes DES-144 and DES-145 are located approximately 600 m east of the DAC Deposit and collared on section 318160E, approximately 100 m west of Section 318260E. The space between the holes is approximately 100 m and the holes were drilled at an azimuth of 180 degrees.
DES12-144 intersected several gold bearing intervals including 1.05 g/t gold over 10 m from 184 m to 194 m and 1.04 g/t gold over 11 m from 206 m to 217 m. DES12-145 intersected several gold bearing intervals including 1.37 g/t gold over 3.25 m from 85.25 m to 88.9 m with a higher grade section averaging 3.47 g/t gold over 1.35m from 86.45 m to 87.8 m.
Holes DES12-146, 148 and 149 also intersected sheared and altered rocks with anomalous gold values (Table 1). Results from the remaining six holes of the program will be released as they become available.
The results from these six holes are very positive and confirm the presence of gold mineralization between the DAC Deposit and the Darla Zone indicating that the two separate zones could be linked for a total mineralization length of 2 km. The 2012 drill program has focused on testing the under-explored area between the DAC Deposit and the Darla Zone at shallow depths (Figure 1) and consisted of 3,472 m in 18 holes.
As of January 2011, the DAC Deposit has an Indicated Resources of 10.8 Mt grading 1.05 g/t Au (at 0.5 g/t Au cutoff) for 364,000 ounces of gold and Inferred Resources of 8.3 Mt grading 0.92 g/t Au (at 0.5 g/t Au cutoff) for 247,000 ounces of gold.