Alto Starts Drilling Beardmore Gold Projectsadmin
Alto Ventures Ltd. is pleased to announce the start of the 2007 winter diamond drilling program on its projects in the Beardmore Geraldton Gold Belt. In the past this prolific gold belt has produced over four million ounces of gold at grades that are comparable to the Red Lake gold mining camp in north western Ontario.
A minimum of 20 drill holes are planned to test several targets on the Company’s Cote-Archie Lake, Mud Lake and Greenoaks projects. At Cote-Archie Lake, previous work by Alto has identified a new major shear structure. The mineralization on the property includes gold grades up to 11.2 g/t across one metre chip sample and 17.3 g/t gold in grab samples. The gold is associated with shear structures that trend parallel to those hosting the Leitch Mine. The Leitch Mine is located 5 kilometres to the southwest of Alto’s property and has produced 860,000 ounces of gold at a grade of 0.92 ounces per ton prior to closing in 1968.
At the Mud Lake property, a major auriferous shear zone has been identified for over six kilometres along strike. Thirteen gold occurrences are exposed in surface trenches and sampling of these has returned gold assays as high as 50 g/t in grab samples (see news release November 27, 2006). Previous drilling on the property was limited and no drilling has tested these gold occurrences.
The Greenoaks project is located seven kilometres northwest of Mud Lake and at the west end of the Hercules property operated by Kodiak Exploration Ltd. Gold at Greenoaks has been found on surface along a 400 metres segment of a west-northwest trending shear structure that has been injected with gold-bearing quartz veins. Previous drilling has intersected high grade gold mineralization including 1.2 ounces per ton (41 g/t) gold across 5 feet (1.5 metres).
Management is very excited about the Beardmore drilling program as it is testing new gold targets in a past-producing, high-grade gold belt. Even though readily accessible by the Trans Canada Highway, this belt has been forgotten until last year when significant drill results including 15.59 g/t gold across 16.6 metres were released from the Hercules property (see Kodiak Exploration news release dated September 19, 2006). Currently the belt is experiencing rejuvenated exploration activity and Alto is well positioned with its three projects to participate in this resurgence.
About Alto Ventures Ltd.
Alto Ventures Ltd. is a gold exploration and development company with a portfolio of eleven properties in the Canadian Shield. The Company is focused on the Despinassy project in the Abitibi Greenstone Belt, Quebec and projects in the Shebandowan and Beardmore gold districts, Ontario.
ON BEHALF OF THE BOARD,
Richard Mazur, P.Geo., President & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Timea Carlsen Alto Ventures Ltd. Manager of Corporate Communications (604) 638-3949 (604) 689-3609 (FAX) Email: firstname.lastname@example.org
Source: Alto Ventures Ltd.