Alto Ventures – Destiny Gold Project Provides Further High Grade Results from Phase 1&2 Drilling
Highlights
* High grade gold including 16.43 g/t (0.48 oz/ton) and 6.02 g/t (0.17 oz/ton) intersected in multiple zones within the DAC Deposit, assays for last 2 holes still pending
* Gold-mineralized wide shear zones include 25.3m at 0.51 g/t gold and 49.5m at 0.36 g/t gold
* Phase 2 program in progress
* NI43-101 Compliant Resource with potential for expansion
* Open along strike and to depth
February 4th, 2010, Vancouver, BC – Alto Ventures Ltd. (ATV: TSX-V) and Pacific North West Capital Corp. (“PFN”) (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) are pleased to announce significant results from four diamond drill holes completed during Phase 1 drilling at the DAC Deposit on the Destiny Gold Project, Quebec. Results include high grade quartz veins containing up to 16.43 g/t gold over 0.5m (0.48 oz/ton) and 6.02 g/t gold over 1.2m (0.17 oz/ton) were intersected. Quartz veins occur within wide shear-related alteration systems which carry gold values of interest including 25.3m averaging 0.51 g/t and 49.5m averaging 0.36 g/t gold (see Table of Significant Gold Assays below).
The phase 1 program was completed on December 22nd, 2009 and consisted of 5,600m of drilling in 14 holes. These latest results and the results from previous holes of the Phase 1 drilling program, which include values up to 44.39 g/t gold (1.29 oz/ton) over 0.5m in quartz veins within wide mineralized shear zones that include 21.0m averaging 1.39 g/t, confirm the large size of the gold system at the DAC Deposit (see Alto and Pacific Northwest Capital news releases dated January 15, 2010). The results for the remaining two holes from the Phase 1 program will be released as they become available. The Phase 2 drilling program started on January 26, 2010. A Phase 3 program is slated for later this year and its size will depend on results obtained from the remaining holes from the Phase 1 program and results from Phase 2. The objectives of these programs are to expand the current NI-43-101 resources at the DAC Deposit through infill and step-out drilling. The results from the first 12 holes are very positive as they confirm continuity of gold mineralization between holes drilled previously, some of which were spaced from 100m to 200m apart. The mineralization remains open along strike and at depth.
Read the rest of the results here.
