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Alto Announces Addition to Management Team Vancouver, B.C. May 31, 2011. Alto Ventures. (ATV: TSX-V) is pleased to announce that Matt Terriss has joined the Company as Director, Corporate Affairs. Mr. Terriss comes with 20+ years experience in the investment and securities sector. He will be responsible for the investor outreach efforts of the Company, including capital-raising, investor relations, marketing, and business development. The Company looks forward to the addition of Mr. Terriss to the Alto Ventures management team. Pursuant to the Company*s stock option plan, Mr. Terriss will be granted 250,000 stock options at a price of $0.10 for a term of five years. About Alto Ventures Ltd Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. The Company is developing advanced projects at its Destiny gold property in Quebec and its Coldstream gold property in Ontario. Further exploration activities are planned on its Beardmore-Geraldton gold properties, the Oxford Lake gold project in Manitoba and the Chilko gold project in British Columbia. 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
Sumi, the chart you added to the board looks great...thanks! :)
I inserted a chart to the iBox. Notice the variables on the chart; I have listed near the bottom the gold price, silver price, and value of the U.S. dollar. Alto and many gold companies will increase immensely with the declining value of the dollar, imo.
Great time to buy into Alto. I added 37,000 shares recently to lower my per unit cost.
Back to my garden; I will continue to work on the iBox when the heat increases.
sumi
Thanks for offering to be my assistant moderator Sumi! As you can see if you look at the board info, you are now assistant moderator. :)
Here is a link for why copper-gold porphyryies are becoming increasingly more important to big gold companies. (Remember that Alto mgmt. believes that Miner Lake is a good porphyry candidate.) Here's the link to the article:
http://aheadoftheherd.com/Newsletter/2011/Coppers-Talking-Infrastructure.htm
GLTY Sumi Well since this is an active company, we will have a lot to discuss in the next 2 or 3 years. From a purely selfish point of view, I am very glad you are a shareholder Sumi. :)
EG, Also a patient shareholder with 123,000 shares @ 7 cents. Would like to add more at these prices, but funds not available at this time.
Good luck!
Drilling Continues to Hit Gold at the East Coldstream Deposit, Ontario Key Point Summary: 38.25 metre-wide zone averaging 1.10 g/t gold including 5.14 g/t gold over 5.20 metres: Hole C-11-66 (East Zone) 31.0 metre-wide zone averaging 0.73 g/t gold including 1.05 g/t gold over 14.0 metres: Hole C-11-67 (Main Zone) 4.15 metre-wide zone averaging 1.12 g/t gold: Hole C-11-65 (East Zone)
More good news!! Im getting deep in the red from my initial investment. I'm not worried one bit, Coldstream is looking more and more like an Open pit potential. Open pit mining is much less labor intensive and safer too.
My own comments)...both the North and Main zones of gold mineralization at Coldstream have been successfully extended. This is important because the property needs to prove up 20 to 40 million tons of ore at a grade somewhere between 1 and 2 grams of gold to have a mineable deposit of the open pit bulk tonnage type.
Alto and its JV partner Foundation plan to follow up with more drilling on the higher grade Iris Lake area later this year. (The Iris Lake area was where they got a 11 meter 8.39 gram/ton gold intercept).
As well, the very important first 43-101 resource calculation on the Coldstream Property (which Alto has a 40% interest) should be out late June or sometime in July.
Also, Alto plans to do preliminary work on its 100% owned Miner Lake property in this month of May and to drill it in August.
Further, Alto plans to do work on its Oxford Lake property late this year.
Lastly, their will be more drilling news on infill drilling results from Coldstream.
Alto is making steady progress in building itself into a more vital and valuable company. As long as it continues to do this, I am most satisfied with it. Wow! Eddie! I am becoming a P-A-T-I-E-N-T shareholder!
Alto Ventures Ltd.: Drilling Indicates Continuity of Gold Mineralization, East Coldstream Deposit, North-Western Ontario
Press Release Source: Alto Ventures Ltd. On Wednesday May 11, 2011, 8:00 am EDT
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2011) - Alto Ventures Ltd. (TSX VENTURE:ATV - News) -
Key Point Summary:
-- 23.0 metre-wide zone averaging 1.04 g/t gold within 47.0 metre-wide mineralized envelope grading at 0.72 g/t gold: Hole C-11-62 (North Zone)
-- 16.0 metre-wide zone averaging 1.06 g/t gold including 2.62 g/t gold over 4.0 m: Hole C-11-62 (Main Zone)
-- 23.0 metre-wide zone averaging 1.0 g/t gold including 2.66 g/t gold over 5.75 m: Hole C-11-64 (Main Zone)
-- 12.0 metre-wide zone averaging 1.14 g/t gold within 38.0 metre-wide mineralized envelope grading 0.54 g/t gold: Hole C-11-64 (North Zone)
Alto Ventures Ltd. ("Alto") and Foundation Resources Inc. (TSX VENTURE:FDN - News; "Foundation") or together "the Companies" are pleased to announce the results of three more holes from the Main and North zones of the East Coldstream Deposit ("Deposit") on their Coldstream Property ("Property") in north western Ontario. More drill results from the Deposit will be reported as they become available. The Deposit is currently subject to a NI 43-101 compliant resource calculation by Wardrop, a Tetra Tech Company (News Release dated March 01, 2011). Alto owns 40% of the project. Foundation is the operator of this program and owns a 60% interest.
Table of Significant Gold Assays
Table contined in following link:
http://finance.yahoo.com/news/Alto-Ventures-Ltd-Drilling-ccn-2659313864.html?x=0&.v=1
All intervals are represented as down-hole core lengths with true widths estimated at 70 to 75 percent.
Holes C-11-62 and 64 are infill holes to determine continuity of gold mineralization between the core of the Main Zone and drill holes C-11-58 and 60 (News Release April 20, 2011). Holes C-11-58 and 60 have expanded the Main Zone laterally by intersecting gold mineralization approximately 180 and 120 metres from the western limit of the previously defined Main Zone at their respective vertical depths of 100 and 160 metres. In addition to expanding the Main Zone, drill hole C-11-64 also extended the western limit of the previously defined North Zone's mineralized core by 65 metres at a vertical depth of 200 metres.
Drill holes C-11-62 and 64, each intersected an upper and a lower mineralized intercept, corresponding well with the interpreted Main and North zones, respectively. Hole C-11-62 intersected an upper 16.0 metre-wide intercept within the Main Zone, averaging 1.06 g/t gold, including 2.62 g/t gold over 4.0 meters. The lower intercept, corresponding to the North Zone, returned 1.04 g/t gold over 23.0 metres within a 47.0 metre-wide envelope averaging 0.72 g/t gold. Drill hole C-11-64 also intersected two gold intercepts, an upper and lower, corresponding to the Main and North zones. The upper intercept averages 1.0g/t gold over 23.0 metres including 2.66 g/t gold over 5.75 metres. The lower intercept, corresponding to the North Zone, returned 1.14 g/t gold over 12.0 metres within a 38.0 metre-wide envelope averaging 0.54 g/t gold. Drill hole C-11-69 returned 0.74 g/t gold over 6.0 metres.
About 2011 Winter Drilling
Of the 6,000 meters winter drilling program recently completed on the Property, approximately 3,000 metres were drilled with the objective of expanding the four zones (Main, North, East and Sanders) at the East Coldstream Deposit. The remaining 3,000 metres were utilized in exploring other areas of the Property such as the Iris Lake where the Companies have discovered new high-grade gold mineralization (e.g., 8.39 g/t gold over 11.0 m) in three holes (News Release - March 22, 2011). The Iris Lake high-grade gold area is located approximately 1500 metres north of the East Coldstream Deposit.
Quality Assurance/Quality Control (QA/QC)
Foundation has implemented a quality control (QA/QC) program which includes the use of commercially produced standards and blanks. Samples of split NQ core are transported by Company personnel to the sample preparation lab of ALS Chemex Laboratory in Thunder Bay where they were crushed and a 1000-gram pulp was prepared. The pulp was then shipped to ALS Chemex Laboratory in North Vancouver, B.C. for analyses. The gold assaying method uses a standard Fire Assay with ICP-AES technique on a 30-gram pulp material taken from a 1000g split from the submitted sample. For more details of QA/QC procedures, please refer to Foundations July 21, 2010 news release.
Ike Osmani, M.Sc., P.Geo., the President of Foundation and the Qualified Person for the Coldstream Project supervised the drill program and has reviewed and approved the technical content of this news release.
About the East Coldstream Deposit
The East Coldstream Deposit is hosted within mafic to intermediate metavolcanic rocks which have been intruded by dike/sill-like bodies of quartz-feldspar porphyries and gabbros. All these rock types have been variably altered (silica, hematite, carbonate, chlorite) and deformed by east- to east-northeast striking North Coldstream Shear/Deformation Zone. Gold is associated with 1 to 5 percent, fine-grained pyrite.
About the Coldstream Property
The 6234-hectare Coldstream Property is located along the Trans Canada Highway 115 km west of the City of Thunder Bay, Ontario. The area is road accessible and has excellent infrastructure with a major power line and CN rail line passing just north of the property. Skilled labour is readily available locally.
About Alto Ventures Ltd.
Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. The Company is developing advanced projects at its Destiny gold property in Quebec and its Coldstream gold property in Ontario. Further exploration activities are planned on its Beardmore-Geraldton gold properties, the Oxford Lake gold project in Manitoba and the Chilko gold project in British Columbia. 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.
Contact:
Mike KoziolAlto Ventures Ltd.President and Director705-522-6372705-522-8856 (FAX)koziol@altoventures.comRick MazurAlto Ventures Ltd.CEO & Director604-689-2599604-689-3609 (FAX)info@altoventures.comwww.altoventures.com
That sounds like fun, Ive alwyas wanted to try metal detecting.
A good close today!!!
Toprunner, I'm not a prospector but I have used a coin detector in the late 70's to find thousands of coins and 2 gold rings
Good to know. Actually I am a small scale (recreational) prospector and can say I have a better then average understanding of what will or will not work in mining. I have an extensive background with large earth moving projects so I tend to be interested in mining companies. Honestly my experience in mining is all related to placer not lode.
The drilling results coming in are AWESOME and I have high hopes for Alto. I would imagine they could get more volume if the Ask wasnt so much higher then the actual PPS. My2cents.
I've talked to Mike Koziol several times. He seems like a real honest straight shooter kind of guy. Rick Mazur (the President of Forum Uranium) is also a director of Alto. They have hired a new I/R man. Matt is his name. Well its all good. I own 198,000 shares. If Mike can do his thing and find more gold for Alto, we should both be as happy as 2 cats in a field of catnip.
Thanks for the welcome Energy guy. Ive seached dozens of miners and Alto seemed the best pick. All their properties have had grreat assays at surface elevations. Could have potential for open pit mining.
Welcome aboard Toprunner as a new Alto shareholder! :) There are 2 things I'm focusing on right now for Alto...1. The first 43-101 Resource Estimate on the Coldstream property and 2. The drill assay results on Alto's soon-to-be-drilled 100 % owned Miner Lake property.
I just bought 10,000 shares and may add more as this company progresses. Looks like a winner!
ALTO VENTURES ALVLF and FDN.V Drill 10 g/t Gold; Expand Main and East Zones at the East Coldstream Deposit, Northwestern Ontario
Alto Ventures Expands Iris Lake Area Vancouver B.C. March 30, 2011: Alto Ventures Ltd. (ATV: TSX-V) (“Alto”) and Foundation Resources Inc. (FDN: TSX-V) (“Foundation”) or together “the Companies” are pleased to announce the expansion of the Coldstream Property (“Property”) by staking 496 hectares adjacent to their recently discovered high-grade gold in the Iris Lake area (News Release March 22, 2011). The Iris Lake area is a new exploration target for the Companies located approximately 1500 m north of the East Coldstream Deposit (“Deposit”) which is currently subject to NI 43-101 compliant resource calculation by Wardrop, a Tetra Tech Company (News Release dated March 01, 2011). Alto owns 40% of the project and Foundation owns the remaining 60% and is the operator of this program. Three recently reported drill holes, IL-11-01 to IL-11-03, tested two of five IP anomalies in the Iris Lake area. All three holes intersected anomalous gold with higher grade intercepts of variable core lengths. Hole IL-11-02 was collared into mineralized mafic metavolcanic rocks and intersected mineralization from 3.0 m to 29.0 m core length (26.0 metres). The mineralized intercept returned 8.39 g/t gold over 11.0 m within a 26.0 metre-wide zone averaging 3.68 g/t gold. Hole IL-11-03 was drilled to undercut IL-11-02 and was collared 74 metres as step back from hole IL-11-02. It intersected three strongly anomalous zones with multiple higher-grade gold intercepts of variable core lengths (e.g. 5.09 g/t gold over 2.0 m within 8.85 metre-wide zone averaging 1.76 g/t gold). Drill hole IL-11-01, which is located approximately 240 metres northeast along the same mineralization trend from hole IL-11-02, also intersected sections of anomalous gold mineralization (e.g. 5.9 g/t gold over 1.60 m including 13.55 g/t gold over 0.6 m). Of the 29-hole (6,000 metres) winter 2011 drilling program, 9 holes, totalling 1613.7 metres, were drilled into the Iris Lake area and the remaining 20 holes (4,426 metres) were completed on the East Coldstream Deposit and adjacent areas. Results from 26 holes are still pending and will be reported as they become available
ALVLF Alto Ventures reports New High-Grade Gold Intersected Approximately 1500 metres North of the East Coldstream Deposit, Ontario Key Point Summary: 8.39 g/t gold over 11.0 m within 26.0 metre-wide zone averaging 3.68 g/t gold in drill hole IL-11-02 5.09 g/t gold over 2.0 m within 8.85 metre-wide zone averaging 1.76 g/t gold and 3.55 g/t gold over 1.50 m within 13.0 metre-wide zone averaging 1.24 g/t gold in drill hole IL-11-03 New high-grade gold results are from the “Iris Lake area” located approximately 1500 metres north of the East Coldstream Deposit (234,000 ounces gold: Non-NI 43-101 compliant historic resource)
Alto and Foundation Commission an NI43-101 Mineral Resource Estimate on the East Coldstream Deposit, North Western Ontario
I hope so! Here's to a $favorable$ big announcement! :) You did really good, onepunisha, getting Alto shares at .045 and .05! I thought I was doing good when I bought shares mainly at .055 and some .0525 and some at .05.
Very nicely explained...I've been an Alto investor since summer 2010, when I scooped up shares between .045 and .05...
Today's big volume and strong close lets me know that I should hold and even invest more...
But honestly, the volume was too high and IMO a big announcement is about to happen...
Alto Ventures SP Firm Today Despite Big Multi Million Share Sell Today. Today's trading volume was huge...11,182,400 shares traded today but share price didn't fall today..remained rock solid at .075! Why? When you find people willing to buy millions of shares and protect the share price. you know there is a lot of confidence in Alto Ventures ALVLF. Why? Three things. The Coldstream Project already with 600,000 gold ounces in the ground and more drilling occuring = more ounces in ground discovered. Secondly, the Destiny project. If Alto's JV partner has good results on their latest drilling there, PFN.V will be able to spend up to 2,300,000 more dollars in Destiny, of THEIR money...without Alto having to spend a cent! Thirdly, and perhaps the most important reason for confidence in Alto, Alto is presently drilling on their 100% owned Alcudia property. Alcudia is located in the same area as Eagle Hill, Bonterra, and Amselco who have been getting great high grade gold drilling results. If this turns into a regional gold play, Alcudia is in a great position being directly adjacent to Eagle Hill's Windfall gold property and only 3 miles north of Bonterra's Eastern Extension.
6,000 Metre Diamond Drilling Begins On Alto's Coldstream Property In Ontario For more detailed info, please click this website link
http://www.altoventures.com Note: This post is a corporate follow through or continuation of info provided in my Post #24.
Alto Ventures Updated 43-101 for Destiny Gold Property. Total Gold ounces increased from 200,000 to 611,000. For more details, please go to company website at http//:www.altoventures.com
Alto and JV Partner Foundation Resources Finalize Plans For Drilling Alto's Coldstream Property Vancouver B.C., January 18, 2011, Alto Ventures Ltd. (ATV: TSX-V) and Foundation ResourcesInc. (FDN: TSX-V) are pleased to announce plans to conduct a 6,000 m drill program on the Coldstream Joint Venture Project in western Ontario in late January. Foundation has acquired a 60% interest in the Coldstream Project from Alto by incurring a total of $3 million in exploration expenditures on the property and issuing 1,000,000 Foundation common shares to Alto, as per terms of an option agreement dated May 20, 2009. Alto and Foundation are currently finalizing a joint venture agreement whereby Alto will own a 40% interest in the project with Foundation as 60% partner and Operator of the project. Further details of the upcoming winter drill program will be reported in a subsequent news release. About the Coldstream Project The Coldstream Property includes 5,738 hectares of staked and patented mining claims along the Trans Canada Highway 115 km west of the City of Thunder Bay, Ontario. The area is road accessible and has excellent infrastructure with a major power line and CN rail line passing just north of the property. Skilled labour is readily available locally. About Alto Ventures Ltd Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. The Company is active in Quebec in the Abitibi greenstone belt where it has a number of projects including the Alcudia and Destiny gold properties. In Ontario, the Company is exploring in the Beardmore-Geraldton gold belt and the Coldstream project in the Shebandowan gold district. In the Chilcoten Plateau of British Columbia, the Company is exploring the Chilko project nearby the Newton gold deposit. 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 & Director ALTO VENTURES LTD. 910-475 Howe Street Vancouver, BC, V6C 2B3 Tel: 604-689-2599 Fax: 604-689-3609 Email: info@altoventures.com Alto Ventures Ltd.| 910 - 475 Howe Street | Vancouver, BC V6C 2B3?? | Canada
Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the commencement of the first diamond drilling on the 100% owned Alcudia gold project located in the Urban-Barry gold belt, Quebec. The Alcudia property is bordered to the west by the very active Windfall Lake gold project currently being explored by Eagle Hill Exploration Corp and to the east and south by the Urban-Barry project operated by Amseco Exploration Ltd. BonTerra Resources Inc is also active in the area, currently drilling their Eastern Extension project which is located 5 km south of Alcudia. The current drill program will consist of 10 holes totalling 1,500 m to test previously delineated high priority IP geophysical targets which may contain gold mineralization. In the Windfall Lake area, gold is preferentially associated with disseminated and stringer sulphide minerals (pyrite, chalcopyrite, pyrrhotite) in quartz veins and areas of shearing and silicification. These sulphide-bearing areas can be located with IP geophysical surveys and are expressed as Chargeability and Resistivity anomalies. There are several of these drill target anomalies on the Alcudia property and Alto is not aware of any previous drilling that tested these targets. The Company is encouraged by recent exploration success in the district announced by Eagle Hill Exploration (18.8 g/t gold over 9.9 m reported in December) and BonTerra Resources which reported gold assays up to 77.8 g/t gold in November.
Vancouver, B.C., January 4, 2011. Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce that it has raised $539,500 in the second and third tranches of its private placement announced on December 10, 2010 through the issuance of 5,090,000 units (the “Units”) and 5,700,000 flow though units (the “FT Units”) at a price of $0.05 per Unit and FT Unit. Each Unit consists of one common share and one share purchase warrant, each warrant being exercisable at a price of $0.10 for a period of 12 months expiring on December 21 and 29, 2011. Each FT Unit consists of one flow through share and one half of one share purchase warrant, each whole warrant being exercisable at a price of $0.10 for a period of 12 months expiring on December 21 and 29, 2011. The Company paid finders fees of $38,760 cash and 775,200 broker warrants exercisable at a price of $0.10 for a period of 12 months in connection with the private placement.. All securities are subject to a four month hold period expiring April 22 and 30, 2011. Use of Proceeds will be for drilling on the Coldstream project (Shebandowan camp) and Miner Lake (Beardmore-Geraldton camp) properties in Ontario and the Alcudia property in the Urban-Barry gold belt in Quebec. About Alto Ventures Ltd Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company has a strategy to discover gold deposits nearby existing infrastructure through exploration of its 100% owned properties and through strategic partnerships and joint ventures. Alto is active in the Abitibi greenstone belt of Quebec and the Beardmore-Geraldton and Shebandowan gold districts in Ontario.Recently, with the acquisition of the Chilko project in British Columbia, the company has added large tonnage bulk-mineable porphyry style deposits to its exploration portfolio. For more details regarding the Company’s projects, please visit our website at www.altoventures.com. ON BEHALF OF THE BOARD Richard Mazur, P. Geo. CEO Neither 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 Website: www.altoventures.comRichard Mazur, CEO & Director ALTO VENTURES LTD. 910-475 Howe Street Vancouver, BC, V6C 2B3 Tel: 604-689-2599 Fax: 604-689-3609 Email: info@altoventures.com Website: www.altoventures.com Alto Ventures Ltd. 910 - 475 Howe Street Vancouver, BC V6C 2B3 | Canada
ALTO ANNOUNCES STRATEGIC SHARE PURCHASE BY DALHOUSIE OIL; CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
Vancouver, B.C., December 21, 2010.? Alto Ventures Ltd. (ATV:? TSX-V) is pleased to announce that it has raised $1,075,000 in the first tranche of its private placement through the issuance of 21,500,000 Flow Through units at a price of $0.05 per unit.? Each unit consists of one Flow Through share and one half of one share purchase warrant.? Each whole warrant is exercisable at a price of $0.10 for a period of 12 months expiring on December 15, 2011.? Finders Fees of ?$70,000 cash and 1.4 million broker warrants exercisable at a price of $0.10 for a period of 12 months have been paid to Norstar Securities, Toronto, Ontario.
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Dalhousie Oil Company (“Dalhousie”) has participated in the current financing with the purchase of 10 million Flow Through units of Alto representing approximately 7% of the issued and outstanding shares of the Company.? Dalhousie has indicated that the shares were acquired for investment purposes only.
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Dalhousie Oil Company is a private Toronto-based investment firm headed by Mr. Patrick Sheridan Sr.? Mr. Sheridan is a veteran geophysicist, engineer and well-known mining financier and developer who has been involved in the mining industry for over 55 years.
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“We are pleased to have Mr. Sheridan and Dalhousie as a significant shareholder” stated Rick Mazur, CEO of Alto.? “Mr. Sheridan has a strong presence in the mining industry and has been instrumental in the discovery and development of a number of mineral deposits and mining projects.”
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Use of Proceeds will be for continued exploration on the Coldstream (Shebandowan camp) and Miner Lake (Beardmore-Geraldton camp) properties in Ontario and the Alcudia property in the Urban-Barry gold belt in Quebec.
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About Alto Ventures Ltd
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Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield.? The Company has a strategy to discover gold deposits nearby existing infrastructure through exploration of its 100% owned properties and through strategic partnerships and joint ventures. Alto is active in the Abitibi greenstone belt of Quebec and the Beardmore-Geraldton and Shebandowan gold districts in Ontario.? Recently, with the acquisition of the Chilko project in British Columbia, the company has added large tonnage bulk-mineable porphyry style deposits to its exploration portfolio.??
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For more details regarding the Company’s projects, please visit our website at www.altoventures.com.
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ON BEHALF OF THE BOARD
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Richard Mazur, P. Geo.
CEO
Drilling Begins On Destiny Project Quebec 1,400 m of drilling to test borehole EM anomalies on the DAC deposit and a new target to the south NI43-101 compliant Resources Estimate December 16, 2010, Vancouver, BC – Alto Ventures Ltd. (“ATV”) TSX-V: ATV and Pacific North West Capital Corp. ("PFN") TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J (together “the Companies”) are pleased to announce the commencement of diamond drilling on the Destiny Gold project, located near Val-d’Or, Quebec. The diamond drilling is the last component of the 2010 Destiny exploration program which also included high resolution airborne magnetic surveys and borehole electromagnetic surveying (BHEM), see news release dated October 14, 2010. The drill program will focus on drill targets derived from the geophysical surveys. The current drill program will consist of 1,400 m in three holes. The objectives of the program are (1) to test select BHEM targets and the effectiveness of the geophysics to highlight areas of mineralization, and (2) to test for shallow gold mineralization to the south of the DAC deposit where the recently completed high resolution magnetic survey identified similar magnetic signatures as at the DAC. The drilling will be completed before the end of this year and results will be reported as they are received and interpreted. Wardrop Engineering Inc has been commissioned to update the NI43-101 compliant resource estimates that were reported in 2007 for the DAC deposit. The work on the new NI43-101 compliant resource estimate will incorporate the results from infill and step-out drilling completed by PFN in 2009 and 2010. The work on the resource estimates is well in progress and results will be reported when they are made available Drilling conducted in 2009-2010 revealed a massive sulphide mineralized zone adjacent to the gold mineralization (see news releases dated February 18 and April 12, 2010). Drill hole DES10-137 returned 0.73% Cu, 6.4% Zn, 0.3 g/t Au and 18 g/t Ag over a one metre interval. Previous hole DES06-94 returned 5.79% Cu, 3.42% Zn, 1.21 g/t Au and 118.0 g/t Ag over a 0.7 m interval. The Companies interpret these sulphide occurrences as important to the gold mineralizing system and have completed borehole pulse electromagnetic surveys (BHEM) in certain drill holes to trace the extent of the massive sulphide mineralization and to help guide drilling at depth. About the Destiny Property The Destiny Project is under option from Alto Ventures Ltd. Under the terms of the option agreement, PFN can earn a 60% interest in the property over a four year period by completing $3.5 million in exploration expenditures, paying $200,000 and providing a total of 250,000 PFN shares to Alto. The property consists of 177 claims totalling 7,421 ha and is located approximately 100 km by road north of the city of Val-d’Or. The property is accessible by provincial highway 397 which passes through the property. Pacific North West Capital has fulfilled its obligations for the first two years of the option term as outlined in the agreement. About the DAC Deposit The main area of mineralization on the Destiny Gold Property is the DAC zone, which occurs over a strike length of about 600 m. In this area, four to five identifiable intervals of quartz veining and shear-related alteration zones carry high grade gold mineralization, with drill intersections up to 178.5 g/t gold over a drill width of 1.0 metres. The DAC zone hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 g/t gold (36,892 ounces) and an inferred resource of 444,753 tonnes grading 4.46 g/t gold (63,839 ounces) calculated by W.A. Hubacheck Consultants Ltd. in 2007 (see “A Resource Estimate of the DAC Gold Deposit, Despinassy Twp., Val d’Or, Quebec” dated January 9, 2007, available on the Alto Ventures website). Qualified Person Statement 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 Pacific North West Capital Corp Pacific North West Capital Corp. is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management*s corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major and junior mining companies through to production. To that end, Pacific North West Capital*s current option/joint ventures agreements are with Anglo Platinum, First Nickel, Alto Ventures and is a major shareholder of Fire River Gold Corp. (www.firerivergold.com) Pacific North West Capital Corp. Pacific North West Capital is a member of the International Metals Groupof Companies. www.internationalmetalsgroup.com. About Alto Ventures Ltd Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company is active in Quebec in the Abitibi greenstone belt where it has a number of projects including the Alcudia and Destiny gold properties. In Ontario the Company is exploring in the Beardmore-Geraldton gold belt and the Shebandowan gold district. Recently, with the acquisition of the Chilko project in British Columbia, the Company has added large tonnage bulk-mineable porphyry style deposits to its exploration targets. For more details regarding the Company’s projects, please visit our website at www.altoventures.com. ON BEHALF OF THE BOARD, Richard Mazur, P. Geo., CEO & Director
Vancouver B.C., December 10, 2010. Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce a non-brokered private placement of up to $2,000,000 through the issuance of a combination of units (“Units”) and flow through units (“FT Units”) at a price of $0.05 per Unit and FT Unit. Each Unit consists of one common share and one share purchase warrant (“Warrant”), each Warrant being exercisable to purchase one common share at a price of $0.10 for a period of one year from closing. Each FT Unit shall consist of one flow through common share and one-half of one share purchase warrant (FT Warrant”), each whole FT Warrant being exercisable to purchase one common share at a price of $0.10 for a period of one year from closing. Finders’ fees will be payable in connection with the private placement in accordance with the policies of the TSX Venture Exchange. Proceeds from this financing will be used for exploration on the Coldstream joint venture and the Company’s Beardmore Geraldton properties in Ontario, the Alcudia project in Quebec and general working capital. The private placement is subject to acceptance by the TSX Venture Exchange. About Alto Ventures Ltd Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company is active in Quebec in the Abitibi greenstone belt where it has a number of projects including the Alcudia and Destiny gold properties. In Ontario the Company is exploring in the Beardmore-Geraldton gold belt and the Shebandowan gold district. Recently, with the acquisition of the Chilko project in British Columbia, the Company has added large tonnage bulk-mineable porphyry style deposits to its exploration targets. ON BEHALF OF THE BOARD, Mike Koziol, P. Geo., P. Eng. President & CEO
NEWS RELEASE
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Continuity of Gold Mineralization Expanded to 285 m Depth,
Two Wide Gold Zones Intersected at Coldstream, Ontario
HIGHLIGHTS
?HIGHLIGHTS
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Hole C-10-49 intersected two wide gold intercepts
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????????? a.? 45.65 metre-wide zone? averaging 1.04 g/t gold including 4.08 g/t gold over 7.90 m and 2.44 g/t gold over 15.55 m
????????? b.??49.90 metre-wide zone averaging 1.01 g/t gold including 9.36 g/t gold over 2.1 m and 2.06 g/t gold over 11.0 m
These intercepts expanded the Main Zone to the east, west and at depth along the plunge line?
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Hole C-10-43 intersected 17.15 metre-wide zone averaging 1.34 g/t gold including 3.79 g/t gold over 5.25 m and successfully tested the upper and eastern margins of the Main Zone
Vancouver B.C., November 18, 2010, Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the assay results of two additional drill holes completed on the Coldstream property in Ontario.? The holes reported are part of a recently completed 8,000 m program which was designed to test the East Coldstream gold deposit.? The work is being carried out by Foundation Resources Inc (FDN: TSX-V) which is the Project Operator and is funding this exploration program to earn an interest in the Coldstream Property
Alto's Destiny Gold Project Has Strong Leveraging Potential. Alto has a JV with PFN.V (Pacific Northwest Capital). PFN will do a 300K program to prove a theory...that ther are rich high grade folds of gold in the Destiny property. If they are correct, they will do a lot of additional drillng in 2011.
Partner Pacific North West Capital Commences Exploration Program on the Destiny Gold Project Drill Program Slated for November, 2010
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First and second year option agreement obligations fulfilled, second year program commencing
2010 program includes the completion of an updated NI43-101 resource estimate
High Resolution Airborne magnetic survey to map structural controls to mineralization
Borehole Electromagnetic Surveys to target massive sulphide mineralization
Drill program to commence on expanded targets in November
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October 14th , 2010, Vancouver, BC – Alto Ventures Ltd. (“ATV”) TSX-V: ATV and Pacific North West Capital Corp. ("PFN") TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J (together “the Companies”)are pleased to provide an update of proposed exploration activities for 2010 on the Destiny Gold project, located near Val-d’Or, Quebec.? The 2010 Destiny exploration program is currently underway and will focus primarily on high resolution airborne magnetic surveys, borehole electromagnetic surveying and drilling.
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The drill program will focus on drill targets derived from the geophysical surveys. The 2010 program will also include the completion of an updated NI43-101 report with resource estimate that incorporates drilling carried out by PFN and ATV prior to this campaign.
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In 2009 and early 2010 PFN completed infill and step-out drilling to expand the known resources at the DAC zone. The results from these drill programs (see releases dated December 3, 2009, January 15 and April 12, 2010) will be used to update the resource estimate and report the findings in compliance with the NI43-101 standards of disclosure. The estimate and report will be completed by Wardrop Engineering Inc.
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The Destiny project area is transected by the Despinassy shear zone, a local structure that may be related to the regionally extensive Chicobi Fault Zone. High grade gold mineralization occurs in quartz veins and alteration zones associated with this structure. Mineralization has been identified in several locations along the Despinassy shear zone on the property for a strike distance over 4 km. The entire area is overlain by quaternary glacial sediments which have obstructed surface mapping and sampling of the mineralization. The underlying stratigraphy and potential mineralization extends approximately 20 km along the major Chicobi Fault Zone. This fault zone parallels the prolific Cadillac-Larder and Destor-Porcupine Deformation Zones, which host multi-million ounce deposits to the south. Recent structural interpretations conducted on drill core by Robert J. Tremblay, PGeo, suggest that better grade mineralization tends to be encountered in complexly folded zones. ?A magnetic marker horizon is observable in the form of a thin gabbroic intrusive which the Companies believe can be mapped by the high resolution airborne magnetic survey.
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Additional drilling conducted by the Companies in 2009-2010 revealed a massive sulphide mineralized zone adjacent to the gold mineralization (see news releases dated February 18 and April 12, 2010). Drill hole DES10-137 returned 0.73 Cu, 6.4% Zn, 0.3 g/t Au and 18 g/t Ag over a one metre interval.? Previous hole DES06-94 returned 5.79% Cu, 3.42% Zn, 1.21 g/t Au and 118.0 g/t Ag over a 0.7 m interval. The Companies interpret these sulphide occurrences as important to the gold mineralizing system and have elected to carry out bore hole pulse electromagnetic surveys (BHEM) in certain drill holes to trace the extent of the massive sulphide mineralization and to help guide drilling at depths greater than 500m. The three known deposits at the Destiny project are open to depth and along strike.
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Follow-up drilling will be conducted in November, 2010 on a few select targets once the geophysical results are fully interpreted. The goal of the drilling will be to test the effectiveness of the geophysics to highlight areas of mineralization.
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About the Destiny Property
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The Destiny Project is under option from Alto Ventures Ltd. Under the terms of the option agreement, PFN can earn a 60% interest in the property over a four year period by completing $3.5 million in exploration expenditures, paying $200,000 and providing a total of 250,000 PFN shares to Alto. The property consists of 177 claims totalling 7,421 ha and is located approximately 100 km by road north of the city of Val-d’Or. The property is accessible by provincial highway 397 which passes through the property.
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Pacific North West Capital has fulfilled its obligations for the first two years of the option term as outlined in the agreement. As of the date hereof the company has paid $50,000 and has issued 75,000 shares to Alto Ventures Ltd.
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About the DAC Deposit
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The main area of mineralization on the Destiny Gold Property is the DAC zone, which occurs over a strike length of about 600 m. In this area, four to five identifiable intervals of quartz veining and shear-related alteration zones carry high grade gold mineralization, with drill intersections up to 178.5 g/t gold over a drill width of 1.0 metres.? The DAC zone hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 g/t gold (36,892 ounces) and an inferred resource of 444,753 tonnes grading 4.46 g/t gold (63,839 ounces) calculated by W.A. Hubacheck Consultants Ltd. in 2007 (see “A Resource Estimate of the DAC Gold Deposit, Despinassy Twp., Val d’Or, Quebec” dated January 9, 2007, available on the Alto Ventures website).
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Qualified Person Statement
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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.
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About Pacific North West Capital Corp
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Pacific North West Capital Corp. is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management*s corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major and junior mining companies through to production. To that end, Pacific North West Capital*s current option/joint ventures agreements are with Anglo Platinum, First Nickel, Alto Ventures and is a major shareholder of Fire River Gold Corp. (www.firerivergold.com)
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Pacific North West Capital Corp. is well funded with an experienced management team and the ability to take advantage of the tremendous under funded opportunities that are available in the mining sector today.
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About Alto Ventures Ltd
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Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company is active in Quebec in the Abitibi greenstone belt where it has a number of projects including the Alcudia and Destiny gold properties.? In Ontario the Company is exploring in the Beardmore-Geraldton gold belt and the Shebandowan gold district.? Recently, with the acquisition of the Chilko project in British Columbia, the Company has added large tonnage bulk-mineable porphyry style deposits to its exploration targets.
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For more details regarding the Company’s projects, please visit our website at www.altoventures.com.
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ON BEHALF OF THE BOARD,
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Mike Koziol, P. Geo., P. Eng.
President & CEO
There are assays for 13 drill holes left to be reported on. They will be from the Main zone & Span Lake - no more from the Sander's zone. For shareholders, what that means is that there will be at least 2 or 3 more news releases coming out based on the drilling efforts at the Coldstream property. A 43-101 resource estimate on Coldstream is in the works following assay data analysis. Alto plans to start drilling its 100% Miners Lake property early 2011. Miners Lake is interesting because it not only has gold potential but copper, zinc and silver as well.
Alto Ventures News Release Reply?to: Alto_Ventures_jbiyw_icliwc@cp20.com
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35.65 m averaging 2.10 g/t gold intersected at the Sanders Zone, Coldstream Project, Ontario
Highlights
35.65 metre-wide zone averaging 2.10 g/t gold including 4.42 g/t gold over 9.00 m and 4.72 g/t gold over 4.50 m
27.35 metre-wide zone averaging 1.06 g/t gold including 9.23 g/t gold over 2.20 m?
The Sanders Zone is located approximately 500m northeast of the Main Zone and was not included in the historical resource of 5.1 million tonnes averaging 1.4 g/t gold
Vancouver B.C., October 5, 2010: Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the assay results from three recently completed drill holes testing the Sanders Zone at the East Coldstream Gold Deposit ("Deposit") in Ontario. The holes reported are part of an 8,000 m program which was designed to (1) further test the three (Main, East and North) zones for which historical resources were estimated and (2) to test the Sanders Zone which lies 500 m northeast of the Main Zone but not included in the historical resource estimates. ?The work is being carried out by Foundation Resources Inc (FDN: TSX-V) which is the Project Operator and is funding this exploration program to earn an interest in the Coldstream Property.
Wow! Big Volume 2day!!! Volume more than 2,000,000 shares as opposed to normal volume of 250,000 shares. I think there must be some other people who liked the latest gold property acquisition that Alto made and how little the company paid for it! :) 50,000 Alto shares @ 5 cents a share = just $2500 in company stock for a nice property.
A Shrewd Deal For Alto; $2500 Buys 100% Interest In A Gold Property
This property has both drill results and sampling of gold mineralization on it. It's the best lowest cost acquisition I have ever seen. Well done Mike Koziol President of Alto.
Alto Acquires New Gold Property Near Destiny Project, Val D'Or Gold Camp, Quebec
Vancouver, B.C., September 27, 2010. Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the acquisition of a new gold property in the Abitibi greenstone belt in north western Quebec. The property is located approximately 75 km north of Val d'Or and lies near the Company's Vassal and Destiny projects. The Destiny Gold project has NI-43-101complaint resources of 166,863 tonnes averaging 6.88 g/t gold in the indicated and 444,753 tonnes averaging 4.66 g/t gold in the Inferred categories (see Alto news release dated April 12, 2010). The Destiny project is being actively explored by the Company's Joint Venture partner Pacific North West Capital Corp (PFN-V).
Previous work on the newly acquired Dolsan property dates back to the 1980's and early 1990's and has resulted in discovery of two gold zones. The historical Dolsan showing hosts surface gold mineralization in banded magnetite-chert iron formation. Surface work consisted mainly of prospecting and trenching and gold values up to 5.6 g/t were reported in grab samples. Records for one diamond drilling program were found in the government assessment files and gold values of 1.7 g/t gold over 0.7 m were reported in drill core.
The other gold showing is located approximately 2 km southeast of Dolsan and was discovered in the mid 1980's by airborne geophysics and diamond drilling as this area is completely covered with overburden. Anomalous amounts of gold were reported including 2.4 g/t gold over 1m, 1.4 g/t gold over 4m, 2.3 g/t gold over 1m and 1.6 g/t gold over 1m. The gold is associated with massive pyrite and massive pyrite breccia zones in strongly altered mafic volcanics. Both of these gold showings have good airborne electromagnetic and magnetic signatures. There are several other northeast trending airborne electromagnetic and magnetic anomalies on the Dolsan Property that have been delineated by historical surveys but not drilled.
The Dolsan property consists of 42 recently staked claims and four purchased claims which together cover 2.238 ha. Under the terms of the Purchase Agreement for 100% interest in the four purchased claims, Alto will pay the Vendor a total one time payment of 50,000 Alto Shares. The Vendor will retain a 1% NSR royalty and Alto will have the right to buyout 100% of the royalty for $1,000,000.
The Purchase Agreement is subject to acceptance by the TSX Venture Exchange.
For more details regarding the Company's projects, please visit our website at www.altoventures.com
Mike Koziol, P. Geo., P.Eng. and Alto's President and CEO is the Qualified Person who has reviewed and approved this news release.
About Alto Ventures Ltd
Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company is active in Quebec in the Abitibi greenstone belt where it has a number of projects including the Alcudia and Destiny gold properties. In Ontario the Company is exploring in the Beardmore-Geraldton gold belt and the Shebandowan gold district. Recently, with the acquisition of the Chilko project in British Columbia, the Company has added large tonnage bulk-mineable porphyry style deposits to its exploration targets.
ON BEHALF OF THE BOARD,
Mike Koziol, P. Geo., P. Eng.
President & 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:
ALTO VENTURES LTD.
910-475 Howe Street
Vancouver, BC ?V6C 2B3
Tel: 604-689-2599
Fax: 604-689-3609
Email: info@altoventures.com
Website: www.altoventures.com
45.95 m zone averaging 1.05 g/t gold intersected at Coldstream in Ontario
45.95 metre-wide zone averaging 1.05 g/t gold including 2.90 g/t gold over 10.55 m
89.80 metre-wide zone averaging 0.62 g/t gold including 3.52 g/t gold over 4.05 m
20.45 metre-wide zone averaging 1.37 g/t gold including 14.4 g/t gold over 0.95 m
Vancouver BC, September 22, 2010: Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the assay results from another five recently completed drill holes of an 8,000 m drill program on the East Coldstream Gold Deposit ("Deposit") located at the Coldstream Property in Ontario. Results from the first eight holes of the current program were reported previously. ?The work is being carried out by Foundation Resources Inc (FDN: TSX-V) which is the Project Operator and is funding this exploration program to earn an interest in the Coldstream Property.
Alto reports 3.35 g/t gold over 16.85 m within a 34.8 m wide zone averaging 1.84 g/t gold at the Coldstream Property, Ontario
3.35 g/t gold over 16.85 m within a 34.8 metre-wide zone averaging 1.84 g/t gold
7.51 g/t gold over 3.4 m within a 30.4 metre-wide zone averaging 1.31 g/t gold
2.44 g/t gold over 5.25 m within a 16.2 metre-wide zone averaging 1.02 g/t gold
Vancouver B.C., September 8, 2010: Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce the assay results from five recently completed drill holes of an 8,000 m drill program on the East Coldstream Gold Deposit ("Deposit") located at the Coldstream Property in Ontario.? Results from the first three holes of the current program were reported on July 21, 2010. The work is being carried out by Foundation Resources Inc (FDN: TSX-V) which is the Project Operator and is funding this exploration program to earn an interest in the Coldstream Property.
Vancouver B.C., August 17, 2010: Alto Ventures Ltd. (ATV: TSX-V) is pleased to provide an update on its summer exploration programs on three gold projects in Ontario and one in British Columbia. Surface work including geological mapping, prospecting and sampling is in progress on the Miner Lake and Cote-Archie Lake projects in the prolific Beardmore-Geraldton gold belt. Diamond drilling is continuing on the Coldstream property in the Shebandowan district of Ontario. Surface work consisting of basal till and soil geochemistry surveying was completed in July on the Chilko project in British Columbia. he following is a summary of work completed on each of the projects and currently available results.
Miner Lake Project, Beardmore-Geraldton Gold Belt, Ontario
The Miner Lake exploration program is in progress. Exploration work completed to date includes prospecting, geological mapping, overburden stripping and channel sampling. Mapping and prospecting have outlined an area approximately 1.5 km by 1 km of brittle/ductile deformation within variably altered feldspar porphyries and intermediate to felsic volcanic rocks. Numerous iron sulphide (pyrite and pyrrhotite) occurrences lie within this area and many contain gold which is associated mainly with chalcopyrite, a copper sulphide mineral. Results received to date include highly anomalous gold values, in both grab and channel samples. Channel sample results include up to 4.6 g/t gold and 0.25% copper across 0.2m in one area and 1.1 g/t gold and 0.2% copper over 4.0 m in another. Significant gold and copper values were also obtained in grab samples, including 3.57 g/t gold and 0.17% copper; 1.7 g/t gold and 1.3% copper; 2.71 g/t gold; and 1.52 g/t gold and 0.71% copper. Other metals are also associated with some of the sulphide occurrences including zinc (up to 2.5% in grabs), molybdenite (up to 0.1% in grabs) and silver (up to 13 g/t in grabs).
Results from Alto's 2009 surface saw-cut channel sampling program returned significant gold mineralization at the Whaleback Trench including one section of 3.36 g/t gold and 0.24% copper across 5.0 m and another section of 6.29 g/t gold and 0.08% copper across 2.0m. These higher grade sections are contained within a wide sulphide-rich envelope averaging 1.78 g/t gold and 0.11 % copper across 19 m (see Alto news release May 26, 2010).
The main target on this property is a gold deposit that might be exploited by open pit mining. The gold on this property is associated with disseminated, stringer and vein iron and copper sulphide mineralization. The objectives of this program are to focus on areas of better gold grades and higher sulphide concentrations within this large brittle/ductile deformation zone so that drill targets can be delineated.
Cote-Archie Lake Project, Beardmore-Geraldton Gold Belt, Ontario
Exploration work consisting of geological mapping, prospecting and sampling is in progress. The objectives of this program are to generate targets for diamond drilling. Kodiak Exploration Ltd is the project operator and is funding the program to earn an initial 51% interest in the project. The program has started just recently and there are no results to report as yet.
The Cote Archie Lake property is located along the same shear trend as the former gold producing Leitch Mine. The Leitch Mine is reported to have produced 860,000 ounces of gold at an average grade of 0.92 ounces pre ton (31.5 g/t).
Coldstream Project, Shebandowan Area, Ontario
An 8,000 m diamond drilling program is currently in progress on the Coldstream property. Results from the first three holes of the program, including 3.07 g/t gold over 13.9 m within a 34.5 m wide zone averaging 1.93 g/t gold, were reported by Alto on July 21, 2010. Additional results will be reported as they are made available. The current 8,000 m drill program is designed to; (1) follow up on the positive results obtained from the winter 2010 drilling and reported by Alto on March 29, April 6 and April 21 2010; (2) increase confidence in the continuity of gold mineralization within the historical East Coldstream Deposit and; (3) expand the existing, non-NI43-101 compliant, historical resource as more particularly described in the Company's July 21 2010 news release. The work is being carried out by Foundation Resources Inc (FDN: TSX-V) which is the Project Operator and is funding this exploration program to earn an initial 60% interest in the Coldstream Property.
The Coldstream property lies adjacent to the Moss Lake gold deposit where recently reported NI43-101 resource estimates include 1.1 million ounces in total indicated and 0.52 million ounces in the total inferred categories.
Chilko Project, Chilcotin District, British Columbia
The Chilko Project was acquired due to its proximity to the Newton Project being explored by Amarc Resources Ltd. Exploration targets on the Chilko property are large tonnage gold deposits that can be exploited by open pit mining. The property lies approximately 100 km west of Williams Lake and 15 km north of the Newton bulk tonnage gold project. Best intercepts reported by Amarc from its 2009 drilling at Newton include 189 metres grading 1.56 grams per tonne (g/t) gold, with a 141 metres section grading 2.01 g/t gold in hole 9004 and 138 metres grading 0.74 g/t gold, including 63 metres grading 1.17 g/t gold in hole 9014
The Chilko Property claims were staked to cover the potential source of gold-in-till anomalies defined by a 2009 BC government survey. A surface program of till sampling and soil geochemistry was completed in July. Objectives of the program are to identify areas of better potential for hosting gold mineralization and to help focus detailed exploration in order to delineate targets for diamond drilling.
The program discovered float samples of rhyolitic rock with quartz veining, similar to that hosting mineralization at the Newton Project. Samples have been submitted for analyses and results are pending.
Quality Assurance and Quality Control
Surface channel samples are 5 cm wide and cut perpendicular to the strike of the target being sampled (vein, shear zone or sulphide horizon). The channels were cut continuously across the width of the sample with a motorized saw using a diamond saw blade to a depth of 10 cm. The cut rocks were then chipped out with hammer and chisel. The samples were described by Alto geologists noting rock types and mineralization and then bagged for delivery to the assay laboratory for quantitative analyses for gold and selected elements. Grab samples collected by Alto prospectors and geologists were described and bagged for delivery to the assay lab. The channel and grab samples were analysed at Accurassay Laboratories in Thunder Bay using standard Fire Assay/AA procedures. The gold assaying method uses a standard Fire Assay with AA finish technique on a 30 gram sub-sample taken from a 500 gram pulp created from the original sample. Commercially prepared standards were inserted by Alto every 25 samples and blanks every 50 samples to ensure precision of the results. The laboratory ran internal check assays every 10 samples to ensure lab quality control. Check assays were also completed on the rejects of all samples that exceeded 1 g/t gold on the first analyses but using Fire Assay/Gravimetric procedures on the check-assayed samples.
For more details regarding the Company's projects, please visit our website at www.altoventures.com
Mike Koziol, P. Geo., P.Eng. and Alto's President and CEO is the Qualified Person who has reviewed and approved this news release.
About Alto Ventures Ltd
Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company is active in Quebec in the Abitibi greenstone belt where it has a number of projects including the Alcudia and Destiny gold properties. In Ontario the Company is exploring in the Beardmore-Geraldton gold belt and the Shebandowan gold district. Recently, with the acquisition of the Chilko project in British Columbia, the Company has added large tonnage bulk-mineable porphyry style deposits to its exploration targets.
ON BEHALF OF THE BOARD,
Mike Koziol, P. Geo., P. Eng.
President & 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:
ALTO VENTURES LTD.
910-475 Howe Street
Vancouver, BC, V6C 2B3
Tel: 604-689-2599
Fax: 604-689-3609
info@altoventures.com
www.altoventures.com
There should be an update by the company coming out on either Tuesday August 17th or Wednesday the 18th. It will be a general update discussing continuing work being done on the Coldstream JV property and Alto's 100% owned Miner Lake property.
I had gone off roading in the area, heard about the mining around there, did some research and took a position. Great off roading and motocross trails! GLTA
Amen Brother. From your lips to God's ears. I got my fingers crossed. :) You've been a shareholder since 2008? Wow! That's amazing! To be honest, until they got better results in grade and length with Foundation drilling their Coldstream Property, I didn't think much of Alto. But those latest results sure turned my attitude around! Dadx4, what made you a shareholder when their results weren't so great?
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