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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 1.0K
ATV On Other Exchanges
As of 12:53 PM 10/13/15 All times are local (Market data is delayed by at least 15 minutes).

alto ventures ltd (ATV) Snapshot

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alto ventures ltd (ATV) Details

Alto Ventures Ltd. engages in the acquisition, exploration, and evaluation of mineral resources in Canada. The company explores for diamond, gold, and base metal properties. It holds interests in approximately 89,536 hectares of diamond land holdings in central eastern Saskatchewan. The company focuses on the Destiny project consisting of 177 mining claims, which covers an area of approximately 7,421 hectares situated in the Despinassy Township, Quebec; the Miner Lake property that includes 19 claims covering an area of approximately 2,512 hectares in the Beardmore-Geraldton gold belt, Ontario; and the Oxford Lake property, which consists of 17 contiguous unpatented mining claims and 1 mineral exploration license covering an area of approximately 22,072 hectares located in central Manitoba. It also explores for diamond exploration properties in Saskatchewan. Alto Ventures Ltd. 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
Compensation as of Fiscal Year 2014.

alto ventures ltd (ATV) Key Developments

Alto Ventures Ltd. Auditor Raises 'Going Concern' Doubt

Alto Ventures Ltd. filed its Annual on Oct 01, 2015 for the period ending Jun 30, 2015. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Alto Ventures Ltd. Announces Production Updates

Alto Ventures Ltd. announced the recovery of kimberlite indicator minerals (KIM) from the West Fisher claims, located 12 km northwest of North Arrow Minerals Inc.'s Pikoo diamond discovery in northern Saskatchewan. North Arrow recently reported discoveries of three new kimberlites from their 2015 drilling program on the Pikoo property. Twelve of the 37 till samples collected from the West Fisher claims contain Cr-rich chromite KIM grains. Within these, there are five chromite grains from 4 different samples that are of particular interest as they contain very high chromium, ranging from 62.08% to 66.33% Cr2O3. The results reported herein are from samples collected as part of Alto's 2014 till sampling program which covered these claims as well as Alto's GEFA Property. The GEFA Property lies immediately adjacent to the Pikoo diamond discovery to the east. Results from the 2014 sampling program identified multiple kimberlite indicator dispersion trains containing Cr-pyrope garnets, Mg-ilmenites and chromites. One of the KIM trains on the eastern half of GEFA features an eclogite garnet comparable to most eclogite inclusions in diamond. This previously announced dispersion train also includes a chromite similar to chromite inclusions in diamond, Cr-pyrope garnet, Mg-ilmenites (picroilmenites) and a second orange garnet comparable to Cr-poor megacrysts (a distinctive component of some kimberlites). Additional KIM samples worthy of follow-up are located in the western half of the GEFA property. Alto plans a summer program of further KIM sampling, prospecting and ground geophysics to verify targets identified by a high resolution aeromagnetic survey.

Alto Ventures Ltd. Announces Change of Chief Financial Officer; Announces Change of Address

Alto Ventures Ltd. announced the appointment of Jeannine Webb, CPA (CGA) as the company's new Chief Financial Officer effective February 1, 2015 to replace Robert Anderson who resigned as CFO effective January 31, 2015. Jeannine Webb has a wide range of skills on financial management and regulatory reporting, and currently serves as CFO and Corporate Secretary for several Canadian TSX Venture companies with operations in Canada and the US. Mr. Robert Anderson, the company's former Chief Financial Officer resigned due to his other significant work commitments. The company also announced that in an effort to reduce the company's overhead costs and preserve capital for use in the exploration of its properties, it has moved into more cost effective office space at: Suite 615, 800 West Pender Street, Vancouver, British Columbia, V6C 2V6.


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