Alto Ventures Acquires Claims Near the Pikoo Diamond Discovery, Saskatchewan
January 22 2014 - 8:00AM
Marketwired
Alto Ventures Acquires Claims Near the Pikoo Diamond Discovery,
Saskatchewan
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 22, 2014) - Alto
Ventures Ltd. (TSX-VENTURE:ATV) is pleased to announce the
acquisition of six mining claims covering approximately 3,500 ha
for diamond exploration near the new Pikoo diamond discovery in
Saskatchewan. Alto's land holdings now total almost 72,000 ha of
potentially favourable geology for diamonds (see Alto's news
release dated December 31, 2013).
The six new claims are located approximately 140 km east of the
Town of La Ronge, Saskatchewan and within 15 km from the Pikoo
PK150 kimberlite. The diamond potential of the northern
Saskatchewan Craton is being tested by North Arrow Minerals Inc.
with the discovery in 2013 of several kimberiltes containing
diamonds (see North Arrow Minerals news release dated November 5,
2013).
Terms for the acquisition of 100% interest in the six claims
include total cash payments of $18,000 staged over two years and
the issuance of 25,000 shares of Alto to the Vendor. When Alto
becomes 100% owner of the claims it will grant to the Vendor a 2%
Net Smelter Returns Royalty ("NSR"). Alto retains the right to buy
back 1% of the NSR for $1 million. The acquisition is subject to
acceptance by the TSX Venture Exchange.
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.
About Alto Ventures Ltd
Alto Ventures Ltd. is an exploration and development company
with a portfolio of highly prospective Canadian gold and base
metals properties. The Company is active in Quebec in the Abitibi
greenstone belt on the Destiny gold property and in Ontario,
exploring in the Beardmore-Geraldton gold belt. In Manitoba, the
Company is focused on the gold and base metals potential of the
highly prospective but relatively under-explored Oxford Lake
property. Recently, the Company started to diversify its portfolio
with the acquisition of large packages of land in Saskatchewan that
are prospective for hosting diamonds.
For more details regarding the Company's projects, please visit
our website at www.altoventures.com.
ON BEHALF OF THE BOARD,
Richard J. Mazur, P. Geo., CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Alto Ventures Ltd.Mike KoziolPresident and
Director705-522-6372705-522-8856koziol@altoventures.comAlto
Ventures Ltd.Rick MazurCEO and
Director604-638-3943604-689-3609info@altoventures.comwww.altoventures.com
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