Alto Ventures News Release
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ALTO CHANNEL SAMPLES UP TO 34.1 g/t (0.99 oz/ton)
GOLD AT GREENOAKS, BEARDMORE-GERALDTON GOLD BELT, ONTARIO
Vancouver, B.C., September 30, 2008. Alto Ventures
Ltd. (ATV: TSX-V ) has received results from surface channel sampling
completed on the Greenoaks Project in the Beardmore-Geraldton Gold Belt. Gold
values up to 34.16 grams per tonne (g/t) across 1.0 metres (m) were obtained
from channel sampling along a northwest trending structure consisting of
shears and fractures. This structure has been traced by mechanical stripping
for 500 m along strike (see Alto news release dated July 24, 2008) and the
current program sampled 180 m of strike length to the northwest of the former
Greenoaks Mine. In addition, channel sampling across a newly exposed vein 50
m southeast of the Greenoaks Mine returned up to 3.74 g/t gold across 0.9 m.
The former Greenoaks Mine is reported to have produced 1,171 tons of vein
material at an average grade of 6.1 g/t gold and an additional 53 tons
averaging 17.1 g/t gold. The table below lists the channel samples assaying
> 1 g/t gold.
Sample Number
|
Width (Metres)
|
Au (g/t)
|
NW of Greenoaks Mine
|
|
|
744153
|
0.5
|
1.01
|
744154
|
1.0
|
1.26
|
744164
|
0.5
|
5.56
|
744167
|
0.5
|
1.26
|
744168
|
0.5
|
4.87
|
744169
|
1.0
|
9.01
|
744170
|
1.0
|
34.16
|
744176
|
0.5
|
1.58
|
744183
|
1.0
|
1.59
|
744184
|
1.0
|
1.87
|
744186
|
1.0
|
1.69
|
744196
|
0.5
|
2.17
|
|
|
|
SE of Greenoaks Mine
|
0.9
|
3.74
|
|
0.5
|
1.8
|
|
0.6
|
1.57
|
Gold mineralization in the exposed areas of the
structure is associated with semi-continuous quartz veins up to 50 cm wide
that contain variable amounts of pyrite and chalcopyrite, locally as high as
20%. Gold is also associated with quartz-sulphide filled fractures that form
an alteration envelope on either side of the larger veins. The gold-bearing
veins have been traced for 500 m along strike where they disappear under
overburden cover to the northwest and southeast of the current work area. The
Greenoaks property lies 43 km northeast of the Town of Beardmore and is well
situated adjoining the Hercules property operated by Kodiak Exploration to
the east and the Jacobus property operated by Sage Gold to the north.
Alto is encouraged by the results obtained thus far
from its five projects in the Beardmore-Geraldton Gold Belt and exploration
work is ongoing. A diamond drilling program is scheduled to start in mid
October to test targets on the Mud Lake and the Three Towers properties (see
Alto news release dated September 4, 2008).
A plan map showing the distribution of the
gold-bearing veins and channel samples at Greenoaks is posted on the
Company's website. For more details regarding the Company's Beardmore area
projects, please visit the website at http://www.altoventures.com/i/maps/greenoaks_project_trenches_channelsampling.pdf
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
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 are cut continuously across the width of the sample
with a motorized saw using a diamond saw blade to a depth of 10 cm and then
the cut rock is chipped out with hammer and chisel. The samples are described
by Alto geologists noting rocks types and mineralization and then bagged for
delivery to the assay laboratory for quantitative analyses for gold and
selected elements. The samples were then delivered by Alto staff to
Accurassay Laboratories in Thunder Bay. Each of the samples reported here was
assayed using pulp metallic assaying method for gold. Pulp metallic analyses
involves the crushing of the entire sample to 90% -8 mesh and using a Jones
Riffler to split the sample to a 1 kg sub-sample. The entire sub-sample is
pulverized to ~90% -150 mesh and subsequently sieved through a 150-mesh
screen. The entire +150 metallics portion is assayed along with two duplicate
cuts of the -150 pulp portion. Results are reported as a calculated weighted
average of gold in the entire sample.
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 where it is focussed on the
Despinassy project in the Abitibi Greenstone Belt and in Ontario in the
Beardmore and Shebandowan gold districts. Alto's Management and Board of
Directors have a long and successful track record of creating shareholder
value through systematic exploration, acquisitions and discovery.
ON BEHALF OF THE BOARD,
Mike Koziol, P. Geo., P. Eng.
President & CEO
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: www.altoventures.com
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