Re: KXL ALTO...
in response to
by
TODAY'S DISCOVERY, TOMORROW'S FUTURE
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Message: Re: KXL ALTO...
Portee, I don't know if you saw this but Alto released this back in September.
Sam
"Cote-Archie Lake Property"
The Cote-Archie Lake property is operated as a Joint Venture between Alto and Kodiak Explorations Ltd and Kodiak is the operator. Twelve diamond drill holes were completed and significant amounts of gold were intersected in eight of the holes. The table below provides a summary of significant gold values.
|
HOLE ID |
FROM (M) |
TO (M) |
LENGTH (M) |
GOLD G/T |
|
CA08-01 |
41.88 |
42.8 |
0.92 |
1.48 |
|
|
44.53 |
45.15 |
0.62 |
1.24 |
|
|
45.37 |
45.8 |
0.43 |
1.35 |
|
|
94.9 |
95.2 |
0.3 |
3.0 |
|
CA08-02 |
52.1 |
52.5 |
0.4 |
1.19 |
|
|
115.4 |
115.6 |
0.2 |
1.63 |
|
CA08-04 |
84.6 |
84.8 |
0.2 |
2.06 |
|
|
86 |
86.5 |
0.5 |
1.01 |
|
CA08-05 |
57.5 |
58.6 |
1.1 |
1.29 |
|
|
59.15 |
59.5 |
0.35 |
1.32 |
|
|
77.85 |
78.85 |
1 |
1.11 |
|
|
100.7 |
101.4 |
0.7 |
1.54 |
|
CA08-06 |
37.1 |
37.4 |
0.3 |
1.75 |
|
|
42.4 |
42.8 |
0.4 |
1.23 |
|
|
46.7 |
47 |
0.3 |
1.17 |
|
|
84.2 |
84.5 |
0.3 |
3.48 |
|
CA08-07 |
94.2 |
94.8 |
0.6 |
2.05 |
|
CA08-11 |
59.25 |
59.45 |
0.2 |
1.17 |
|
CA08-12 |
146.8 |
147.4 |
0.6 |
1.15 |
Under the terms of a 2007 Option Agreement between Kodiak and Alto, Kodiak has the option to earn 51% interest in the project by spending $1,000,000 on exploration and paying Alto $100,000 in cash or Kodiak shares over three years. This program was funded by Kodiak as per terms of the Option Agreement and fulfills Kodiak's first year commitments.
o
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