|
Alto Ventures News Release
Forward
to a Friend
Join
Our Email List
GOLD INTERSECTED ON THE ALTO-WESCAN MUD LAKE PROJECT,
BEARDMORE-GERALDTON GOLD BELT
Vancouver, B.C., January 29, 2008. Alto
Ventures Ltd. (ATV: TSX-V) is pleased to announce results from nine
diamond drill holes (MUD07-13 to 21) completed in December on the Alto-Wescan
Goldfield Inc. (WGF: TSX-V) Mud Lake Project located in the
Beardmore-Geraldton Gold Belt. The Mud Lake Property shares a common boundary
with the Hercules Property, located to the north of Mud Lake, where Kodiak
Exploration Ltd. continues to report significant gold mineralization from its
drilling (see Kodiak news release dated January 14, 2008). To the south and
southwest of Mud Lake, Ontex Resources Ltd. is exploring the Brookbank Gold
Deposit which is reported to contain 629,900 ounces of gold
(see Ontex news release dated November 15, 2007).
The December drilling continued to test
targets along the Mud Lake Shear Zone ("MLS"), where previous work
identified twelve surface gold occurrences along a six kilometre segment of
the MLS (see Alto news releases dated November 22, 2007). The holes reported
here tested one kilometre of the MLS near the northeast end, drilling three
of the occurrences (Showing #3, #4, and #5) not drilled previously.
Significant amounts of gold, up to 6.34 g/t
across 0.5 m,
were intersected in four of the nine holes. Shearing and quartz veining were
also intersected in the other holes although the gold values were lower.
Table of Significant Assay Results from the
December, 2007 Mud Lake Drilling Program
|
Hole
|
From (m)
|
To (m)
|
Width (m)
|
Au (g/t)
|
Zone
|
|
MUD07-14
|
19.0
|
21.0
|
2.0
|
2.12
|
Showing #3
|
|
MUD07-16
|
21.1
|
21.6
|
0.5
|
6.34
|
Showing #4
|
|
MUD07-17
|
23.7
|
24.7
|
1.0
|
3.77
|
Showing #4
|
|
MUD07-19
|
61.3
|
62.3
|
1.0
|
1.44
|
Showing #5
|
Intersecting gold in shear hosted quartz veins under these surface
showings is encouraging as it corroborates the strength of the gold system
along the MLS. The drill holes completed in March and December of 2007 have
tested the MLS intermittently for almost five kilometres along strike and
confirmed that the mineralization exposed in the surface trenches does have
depth continuity.
The program finished with the completion of another nine holes in
January and samples from these were delivered to the laboratory on January 25th.
These holes follow up mineralization discovered during Alto's program in
March 2007, where gold values of up to 13.9 g/t gold across 1.0 m were intersected
within a wider zone that assays 3.39 g/t across 6.1 m (see Alto news
releases dated March 6 and March 20, 2007). Results for these holes will be
released when they become available.
With continued success in advancing Mud Lake and its four other
projects in the area, the Company is well positioned in the
Beardmore-Geraldton Gold Belt and is formulating aggressive exploration
programs, including diamond drilling, for the 2007 summer months.
Mike Koziol, P. Geo., P.Eng. and Alto's President and CEO is the
Qualified Person who has reviewed and approved this news release.
Quality Assurance/ Quality Control
Core processing included descriptive logging and selection of samples
for analyses. The NQ-size cores selected for analyses were sawed in half and
one half was delivered to a commercial laboratory by Alto staff for analyses
and the other half retained for future reference. Gold assays were performed
at Accurassay Laboratories in Thunder Bay, Ontario. The gold assaying method
uses a standard Fire Assay with AA finish technique on a 30 gram sub-sample taken
from a 500 gram
split from the submitted sample. Commercially prepared standards were
inserted by Alto every 25 samples to ensure precision of the results. The
laboratory ran internal check assays every 10 samples to ensure lab quality
control.
Mineralized intervals reported are down-hole lengths as there is
insufficient drill hole density to estimate true widths.
About Alto Ventures Ltd
Alto Ventures Ltd. is a gold exploration and development company with
a portfolio of thirteen properties in the Canadian Shield. With a pipeline of
quality projects, the Company's approach to maximizing opportunities while
minimizing exploration risk is to attract well financed partners with the
technical expertise to take the projects on to feasibility and subsequently
production.
Alto's Management and Board of Directors have a long and successful
track record of creating shareholder value through systematic exploration,
acquisitions and discovery. The Company is currently active in Quebec where
it is focussed on the Despinassy project in the Abitibi Greenstone Belt and
in Ontario in the Beardmore and Shebandowan gold districts.
ON BEHALF OF THE BOARD,
Mike Koziol, P. Geo., P. Eng.
President
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
For further information contact:
Mark
Prosser
Manager Investor
Relations
ALTO VENTURES LTD.
910-475 Howe Street
Vancouver, BC V6C 2B3
Tel: 604-638-3947
Fax: 604-689-3609
Email: mark@altoventures.com
Website: http://www.altoventures.com/
Forward to a Friend
Join Our Email List
|