BFD consolidates extension of Lynx corridor THIS ACQUISITION IS THE START OF THE BIG STUFF.
2017-05-11 08:12 ET - News Release
Mr. Richard Mazur reports
OSISKO'S LYNX CORRIDOR DRILLING INTERPRETED TO TREND ON TO ALTO'S WINDFALL EAST PROJECT, QUEBEC
Alto Ventures Ltd. is providing an update on recent developments on its Windfall East gold project in the Abitibi greenstone belt in Quebec.
Further to Alto's news release of April 18, 2017, Osisko Mining Inc. has reported further high-grade intersections at the Lynx zone discovery in news releases dated April 25, May 3 and May 10, 2017. Osisko reports a new zone of mineralization, the Lynx 4, located 170 metres south of the main Lynx corridor. Drill hole OSK-W-17-816 intersected 7.7 metres of 11.7 grams per tonne gold on the Lynx 4 zone approximately one kilometre southwest of Alto's 299-hectare Windfall East property. In addition, bonanza-grade mineralization of 3.7 metres grading 421 g/t gold was intersected on the Lynx 2 zone in drill hole OSK-W-17-834.
Osisko is following a northeast-trending magnetic low along the Lynx corridor with drill collars immediately adjacent to Alto's western and northern property boundary. From regional geophysical interpretation and magnetic surveys on the Windfall East property, Alto interprets that a magnetic low structural corridor trends to the northeast on to the Windfall East property. Alto is reviewing its options to further explore the property and is entertaining various offers including a sale, joint venture or spinout of the property.