Alto Ventures

Published : September 04th, 2008

PROVIDES EXPLORATION UPDATE ON BEARDMORE AREA PROJECTS

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Alto Ventures News Release


NEWS RELEASE

ALTO PROVIDES EXPLORATION UPDATE ON BEARDMORE AREA PROJECTS, PLANS 3,000 METRES OF DIAMOND DRILLING

Vancouver, B.C., September 4, 2008.  Alto Ventures Ltd. (ATV: TSX-V) is pleased to provide a progress report for exploration activities on its projects in the Beardmore-Geraldton Gold Belt.  The Company has been active on each of four projects it operates as well as on one project operated by a joint venture partner.  The prolific Beardmore-Geraldton Gold Belt has produced over four million ounces of gold in the past at grades that are comparable to the Red Lake mining camp in north western Ontario and is experiencing a resurgence of exploration since 2006.  The following is a summary of work completed on each of the projects and results as they are currently available. 

Greenoaks Property

The Greenoaks property is located 43 km northeast of the Town of Beardmore and approximately 5 km west of the Golden Mile gold zone discovered by Kodiak Exploration Ltd.  Mechanical stripping and sampling programs were completed earlier this summer returning significant results of up to 59.5 g/t gold (see Alto news release dated July 24, 2008).  The gold values were obtained from grab samples collected at various locations along a north to northwest trending structure consisting of micro-faults and fractures.  This structure was injected with semi-continuous quartz-sulphide veins, some up to 30 cm thick.  The structure has been sampled intermittently for more than 500 m along strike earlier this summer and now the Company has completed channel sampling of the readily accessible veins using a diamond saw.  The assay results from this sampling program are pending.

Three Towers Property (formerly Cote-801)

Mechanical stripping was completed and followed by geological mapping and channel sampling at the Golden Link Trench, a 500 m long corridor of anomalous gold mineralization and quartz veining.  Once the assay results from the current program are received, they will be combined with previous results (up to 15.5 g/t gold -see Alto news release dated December 11, 2007) and incorporated into the geological model to select drill targets for testing in October.

Mud Lake Property

The Mud Lake property is operated as a Joint Venture between Alto and Wescan Goldfields Inc (WGF-TSX-V) and Alto is the operator.  The property lies adjacent to the Hercules Project operated by Kodiak Exploration Ltd and hosts the Mud Lake Shear Zone (MLS), a major gold-bearing shear structure that extends for over six kilometres along strike.  In the past, several gold occurrences have been exposed in surface trenches along the MLS and sampling of these returned gold assays as high as 50 grams per tonne (g/t) in grab samples and up to 13.9 g/t gold/1.0 metre in drill cores.  The Joint Venture partners approved a $300,000 exploration program in June (see Alto news release dated June 25, 2008) and prospecting has already been completed.  Mechanical stripping and sampling are currently in progress.  Targets generated from this program will be combined with those identified from previous work and will be drilled in October.

Under the terms of the Mud Lake Option Agreement, Wescan can earn 50% interest in the property by funding $600,000 in exploration and issuing a total of 150,000 Wescan shares to Alto over two years.  Upon completion of the planned work, Wescan will have satisfied the expenditures commitments to earn its interest in the project.

Expansion Lake Property

Phase 1 prospecting was completed in July and assay results are pending.  A second phase of prospecting will be carried out in September after results from Phase 1 are received.

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.

Other Activities

Despinassy, Quebec

Drill-hole cross sections and a 3D model were generated for the DAC Deposit and posted on http://www.corebox.net/, a website dedicated to providing easy-to-use, interactive analytical tools that help investors visualize drill results.  Alto has already delineated NI43-101 compliant resources for the DAC Deposit of 167,000 tonnes grading 6.88 g/t gold in the Indicated plus 445,000 tonnes grading 4.46 g/t gold in the Inferred categories.  The deposit is open to expansion at depth and along strike to the west.  Readers are invited to visit http://www.corebox.net/ or http://www.altoventures.com/ to learn specific details about the deposit or to get a general overview.

Geophysical data generated from the 2008 airborne VTEM survey over the Despinassy property was interpreted and compiled.   The survey detected several strong electromagnetic conductors including one that was drilled previously by hole DES00-53.  This hole intersected anomalous zinc ("Zn") and lead ("Pb") values at several locations down-hole including two sections of stronger mineralization containing 0.31% Zn and 0.66% Pb across 4.5 m in one and 0.3% Zn and 0.11% Pb across 8.0 m in the other.  The hole was drilled to test an electromagnetic conductor that has been detected with the current VTEM survey for 1.2 km along strike.  Only one other hole is reported to have been drilled on this conductor and it too intersected anomalous zinc and lead values.  The detection of several strong electromagnetic conductors, some of which have Zn and Pb associated with then, is encouraging as it opens the possibility of base metals mineralization on the property in addition to the shear hosted gold associated with the Despinassy Shear Zone.

Plans for September and October

The Company will complete the planned surface work in September.  A 3,000 m diamond drilling program is scheduled to start in early October to test some of the high priority targets include those at the Three Towers and Mud Lake projects.

Mike Koziol, P. Geo., P.Eng. and Alto's President and CEO is the Qualified Person who has reviewed and approved this news release.

QualityAssurance/ Quality Control

Rock samples from Alto operated projects were collected by Company geologists and their locations confirmed in the field.  The samples were then delivered by Alto staff to Accurassay Laboratories in Thunder Bay for analyses.  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.  The laboratory ran internal check assays every 10 samples to ensure lab quality control.

For Cote-Archie Lake, drill cores were split down the centre with a typical table feed circular rock saw.  Sample intervals were selected according to geologic contacts, visible mineralization, and alteration, placed into sample bags and shipped to the assay lab where they were quantitatively analysed for gold.  Drill cores were boxed, covered, and sealed at the drill rig and moved to the Kodiak logging and sample preparation facilities by Kodiak personnel.  The samples were assayed at Activation Laboratories Limited, Ancaster, ON, L9G 4V5.  Blank and standard samples were routinely submitted with all sample batches sent to the lab for assay.  Screened metallic assays are routinely run on all anomalous gold results as a check on nugget effects.  Kodiak sends samples routinely to other labs for additional checks.

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. 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
Investor Relations Manager
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/

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Alto Ventures

EXPLORATION STAGE
CODE : ATV.V
ISIN : CA0215502075
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Alto Ventures is a gold and cobalt exploration company based in Canada.

Alto Ventures holds various exploration projects in Canada.

Its main exploration properties are COLDSTREAM, DOG LAKE, EXPANSION LAKE, ALCUDIA, EAST COLDSTREAM, OXFORD LAKE, WINDFALL LAKE, COTE ARCHIE LAKE, MUD LAKE, EMPRESS PROJECT ( ALTO), THREE TOWERS, GREENOAKS, DESTINY GOLD and DESPINASSY in Canada.

Alto Ventures is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 6.0 millions as of today (US$ 4.6 millions, € 3.9 millions).

Its stock quote reached its highest recent level on May 22, 1998 at CA$ 9.10, and its lowest recent point on December 03, 2019 at CA$ 0.02.

Alto Ventures has 40 170 000 shares outstanding.

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Financings of Alto Ventures
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Option Grants of Alto Ventures
12/18/2007 Elects Directors, Approves $1.8 Million Exploration Budget ...
Nominations of Alto Ventures
3/13/2007Appoints Koziol President
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7/6/2011(Coldstream)6,000 Metres of Diamond Drilling Commences at the Coldstream...
5/19/2011(East Coldstream)Drilling Continues to Hit Gold at the East Coldstream Deposi...
4/1/2011(Coldstream)Coldstream Property Expanded to the North of the High-Grade ...
3/22/2011(East Coldstream)New High-Grade Gold Intersected Approximately 1500 metres No...
3/17/2011(Alcudia)Receives Drilling Results From the 2011 Alcudia Project in t...
3/7/2011(Destiny Gold)and Pacific North West Capital Expand Gold Potential and Fil...
3/1/2011(East Coldstream)and Foundation Commission an NI43-101 Mineral Resource Estim...
1/24/2011(Destiny Gold)Updated NI 43-101 Mineral Resource Estimate Reports Signific...
10/5/2010(Coldstream)35.65 m Averaging 2.10 g/t Gold Intersected at the Sanders Z...
10/6/2009(Coldstream)Summer Exploration Program Completed on Coldstream Gold Proj...
12/11/2008(Mud Lake)2008 Exploration Program Identifies New Targets and Confirms...
10/1/2008(Greenoaks)CHANNEL SAMPLES UP TO 34.1 g/t (0.99 oz/ton) GOLD AT GREENOA...
9/4/2008(Greenoaks)PROVIDES EXPLORATION UPDATE ON BEARDMORE AREA PROJECTS
5/9/2008(Despinassy)Completes Winter Program, Receives Final Results From Drilli...
3/25/2008INTERSECTS HIGH GRADE GOLD AT DESPINASSY, QUEBEC
3/3/2008COMPLETES PURCHASE OF DESPINASSY PROJECT, QUEBEC AND STARTS ...
2/21/2008(Mud Lake)ALTO-WESCAN JOINT VENTURE CONTINUES TO INTERSECT GOLD ON THE...
1/29/2008(Mud Lake)GOLD INTERSECTED ON THE ALTO-WESCAN MUD LAKE PROJECT
10/4/2007(Mud Lake)Wescan Finalize Drill Contract For Mud Lake Project, Beardmo...
7/5/2007(Cote Archie Lake)Samples 8 g/t Gold at Cote-Archie Lake Project, Beardmoreger...
3/20/2006(Despinassy)continues to intersect high-grade gold at the DAC deposit, D...
Corporate news of Alto Ventures
8/18/2016Alto Stakes More Gold Claims at its 100% Owned Miner Lake Pr...
5/30/2016Final $150,000 Cash Payment Received From Sale Of Coldstream...
11/4/2015Alto Recovers 578 Gold Grains From Glacial Till Samples At M...
5/18/2015Priority Targets Identified From High-resolution Airborne Ma...
4/22/2015Priority Targets Identified From High-Resolution Airborne Ma...
4/1/2015Recovers Kimberlite Indicator Minerals on the West Fisher Cl...
4/1/2015Alto Ventures Recovers Kimberlite Indicator Minerals on the ...
2/26/2015Alto Ventures Ltd.: Priority Targets Identified From High-Re...
2/23/2015Alto Ventures Identifies Multiple Kimberlite Indicator Miner...
1/22/2015Alto Ventures Confirms Kimberlite Indicator Minerals on the ...
1/14/2015Alto Reviews 2014 Highlights and 2015 Exploration Plans
12/17/2014Alto Initiates Airborne Magnetometer Survey on Its Pikoo Are...
10/7/2014Alto Ventures Completes Till Sampling on Its Pikoo Area Diam...
9/9/2014Alto Ventures Commences Exploration on its Pikoo Area Diamon...
4/8/2014Alto Receives $750,000 in Virginia Mines Shares and Complete...
3/24/2014Alto Agrees to Sell its NSR Royalties on the Windfall and Al...
3/24/2014Alto Agrees to Sell Its NSR Royalties on the Windfall and Al...
3/19/2014Martin Doyle Adds Diamond Expertise To Alto's Board Of Direc...
3/19/2014Martin Doyle Adds Diamond Expertise to Alto's Board of Direc...
8/15/2013(Oxford Lake)Grab Samples 37.2 g/t Gold on Its 100% Owned Oxford Lake Pro...
4/11/2013Confirms Gold Potential for Over 1.6 km at Its 100% Owned Em...
9/19/2012Appoints New Director and Grants Stock Options
6/23/2011Summer Program Started at Miner Lake, Beardmore-Geraldton Go...
6/14/2011(East Coldstream)Drilling Intersects 5.18 g/t Gold at the East Coldstream Dep...
5/31/2011Announces Addition to Management Team
5/11/2011(East Coldstream)Drilling Indicates Continuity of Gold Mineralization, East C...
4/20/2011(East Coldstream)and Foundation Resources Drill 10 g/t Gold; Expand Main and ...
1/21/2009Provides Results from the Fall 2008 Exploration Programs
6/25/2008ALTO-WESCAN JOINT VENTURE
5/28/2008COMMENCES BUSY EXPLORATION SEASON ON BEARDMORE AREA GOLD PRO...
4/7/2008 e-invite to the Calgary Investment Conference
1/16/2008ACQUIRES MORE GROUND IN BEARDMORE-GERALDTON
12/11/2007 Samples 15.5 G/T Gold At Cote-801 Project, Beardmore-Gerald...
11/22/2007-Wescan Start Drilling Mud Lake Project, Beardmore-Geraldton...
10/17/2007Increases Financing To $2.65 Million
9/5/2007Acquires New Project In The Beardmore-Geralton Gold Belt
8/21/2007Wescan Joint Venture Approves $300,000 Fall Exploration Prog...
5/17/2007Retains Investor Relations Professional
3/20/2007Gold Intersected At Clarke Occurrence, Beardmore Area, Ontar...
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