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alto ventures ltd (ATV) Snapshot

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alto ventures ltd (ATV) Details

Alto Ventures Ltd. operates as a gold and base metal exploration company in Canada. It has various projects primarily in Ontario, Quebec, and Manitoba. The company was incorporated in 1987 and is headquartered in Vancouver, Canada.

Founded in 1987

alto ventures ltd (ATV) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: C$42.0K
President and Director
Total Annual Compensation: C$156.0K
Chief Financial Officer
Total Annual Compensation: C$36.0K
Compensation as of Fiscal Year 2013.

alto ventures ltd (ATV) Key Developments

Alto Ventures Ltd. Completes Till Sampling on its Pikoo Area Diamond Claims, Saskatchewan

Alto Ventures Ltd. announced the completion of a till sampling program on the GEFA and Fisher diamond claims totaling 16,650 hectares adjacent to the North Arrow Minerals Pikoo diamond discovery in northern Saskatchewan. A total of 325 samples of glacial till were collected to define kimberlite indicator mineral trains in the down-ice direction of potential kimberlite targets identified on the property. All of the samples collected in 2014 have been delivered to Saskatchewan Research Council in Saskatoon for processing and identification of minerals that are indicative of diamond bearing kimberlites. Processing is expected to continue through October and November and results from the program will be used to evaluate potential kimberlite targets for follow-up exploration. Kimberlite indicator minerals from glacial tills have been used successfully in locating diamond-bearing kimberlites across Canada. In the Pikoo area, the KIMs have been particularly useful in defining drill targets that resulted in North Arrow's discovery of kimberlites in 9 of 10 holes drilled in 2013 including five holes that contain diamonds. The Company has also completed a short prospecting program for gold and base metals on several of the Fisher claims. Results from the prospecting samples are pending. Alto Ventures is earning a 60% interest in the GEFA claims by making staged payments to the vendors totaling $60,000 over two years and completing $750,000 in exploration work on the property over 30 months. Alto is earning a 100% interest in the Fisher claims by issuing to the vendor 25,000 shares of Alto and making cash payments totaling $18,000 over two years.

Alto Ventures Appoints Martin Doyle to Board of Directors

Alto Ventures Ltd. announced the appointment of Martin Doyle, P.Geo., MBA to Alto's Board of Directors. Martin is a seasoned diamond and gold exploration executive with over 35 years international experience in the De Beers and Anglo American organizations. Martin's last assignment with De Beers was from 2004 to 2011 as Senior Vice President, Exploration of De Beers Canada Exploration Inc. This was a very dynamic period of growth for De Beers in Canada with the opening of two diamond mines in Ontario and NWT where Martin played a major role in the transformation of De Beers Canada to an integrated mining and exploration company. Prior to De Beers Canada, Martin's previous diamond exploration assignments included President of De Beers Brasil Ltda. where he directed South American exploration operations, Marine Geologist/Superintendent in Namibia and South Africa and Geologist in Botswana. Martin is currently the Executive Chairman of Paragon Diamonds Plc.

Alto Ventures Ltd. Auditor Raises 'Going Concern' Doubt

Alto Ventures Ltd. filed its Annual on Oct 10, 2013 for the period ending Jun 30, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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