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.
For further information contact:
Mike Koziol,
President and Director
ALTO VENTURES LTD.
Unit 8 -- 1351D Kelly Lake Rd
Sudbury, ON., P3E 5P5
Tel: 705-522-6372
Fax: 705-522-8856
Email: koziol@altoventures.com
Rick Mazur,
CEO and Director
ALTO VENTURES LTD.
1158-409 Granville Street
Vancouver, BC, V6C 1T2
Tel: 604-638-3943
Fax: 604-689-3609
Email: info@altoventures.com
