Alto Ventures Ltd. - Coldstream

Beardmore-Geraldton Gold Belt, Ontario Mud Lake Greenoaks Cote Archie Cote 801 Expansion Lake Despinassy, Quebec Despinassy Despinassy East Coldstream, Ontario Coldstream Oxford Lake, Manitoba Oxford Lake Other Exploration projects Dog Lake Empress Denton Alcudia

Maps

Alto Properties Canada

East Coldstream Gold Zones

Mineralized Corridor Passing Through the Coldstream Property

Coldstream, Ontario

Highlights

Gold discovered along 10 km corridor of strong alteration and deformation
Historical resource of 5.1 million tonnes* at an average grade of 1.4 g/t gold (234,000 ounces) estimated for the East Coldstream Gold Deposit by Noranda in 1990
Drilling by Alto in 2006 intersected wide gold zones up to 68 m averaging 1.21 g/t gold
Higher grade intercepts include 37.7 g/t gold across 1.0 m and 22.6 g/t across 1.3 m
Deposit is open along strike and to depth
New style of mineralization consistent with Iron-Oxide-Copper-Gold (IOCG) type deposits recognized on the property
Several other gold zones drilled near the southwest end of the property including 0.95 g/t gold across 34 m
The northeast end (the QES Zone) of the 51 million tonnes (1.5 million ounces) Moss Lake Gold Deposit abuts against the southwest boundary of the Coldstream Property

* Historical Resource not compliant with NI43-101 standards

Location and Access

Burchell Lake Area, approximately 100 km west of the Thunder Bay, Ontario
Access by Provincial Highway 11 and Secondary Provincial Highway 802

Geology

Archean age Shebandowan Greenstone Belt, including felsic to mafic volcanic units, felsic to mafic intrusive and meta-sedimentary rocks
Alteration of deformed rocks includes quartz, carbonate, albite, sericite, chlorite, pyrite, magnetite, hematite and rare earth minerals
Gold occurs in altered zones as inclusions in pyrite and chalcopyrite as well as in microfractures in pyrite and quartz veinlets

Size

3,808 hectares in staked and patented mining claims

Ownership

100% Alto Ventures Ltd

History

Prospecting in the Coldstream area dates back to 1870's when copper and gold were first discovered. The Coldstream Copper Mine was in production from 1959 to 1967 and operated by Noranda Inc. The mine produced in excess of 102 million pounds of copper, 22,000 ounces of gold and 440, 000 ounces of silver from 2.7 million tons of ore.

Besides production from the Coldstream Copper Mine, the property hosts significant undeveloped gold mineralization. The East Coldstream Gold Deposit was discovered in 1988 by Noranda who subsequently drilled 6,138 m in 38 holes. Drilling intersected wide zones of gold mineralization that include 66.0 m averaging 1.06 g/t gold and 36.0 m averaging 1.87 g/t gold. Higher grades were also obtained within the wide zones including 37.7 g/t gold across 1.0 m, 22.6 g/t gold across 1.3 m, 8.1 g/t gold across 3.0 m and 15.7 g/t gold across 1.0 m. Noranda estimated a preliminary resource of 5.1 million tonnes at an average grade of 1.4 g/t gold to contain 234,000 ounces. This resource estimate is historical and was not completed to NI43-101 standards.

Kinross Gold drilled 1,668 m in seven holes on the East Coldstream Gold Deposit in 2002. The Kinross drilling intersected wide zones of gold mineralization averaging from 1.0 to 1.5 g/t gold. Higher grades from the Kinross drilling include 15.2 g/t gold across 2.0 m, 12.8 g/t gold across 1.0 m, and 6.2 g/t gold across 1.0 m.

In 2005 Alto completed Induced Polarization and Chargeability surveys over the east end of the property including the East Coldstream Gold Deposit. The survey detected 19 anomalies thought to be associated with sulphides. Some of these anomalies are coincident with surface gold occurrences that were discovered in the past but not drilled.

Alto drilled 2,062 m in 13 holes in 2006 at the East Coldstream Gold Deposit. The drilling intersected wide zones of alteration and mineralization, up to 68 m averaging 1.21 g/t gold. Higher grades were also intersected within the wide zones including 4.27 g/t gold across 8.0 m, 12.2 g/t gold across 1.0 m, and 2.9 g/t gold across 12.0 m. These wide mineralized intersections confirm the potential for large tonnage deposits on the property.

It was also recognized then that the extensive alteration which includes quartz, carbonate, albite, sericite, chlorite, pyrite, magnetite, hematite, and rare earth minerals has many similarities to the giant Iron-Oxide-Copper-Gold (IOCG) deposits being explored in other parts of the world including Brazil and Australia. Gold occurs as inclusions in pyrite and chalcopyrite and along microfractures in pyrite and quartz veinlets.

Near the southwest end of the property, drilling by INCO Ltd in the early to mid 1980's intersected wide zones of gold mineralization, including 0.95 g/t gold across 34 m, 0.32 g/t gold across 55 m and 1.05 g/t gold across 19 m, in a geological setting similar to the East Coldstream Gold Deposit. The QES Zone of the 51 million tonnes (1.5 million ounces) Moss Lake Gold Deposit lies adjacent to the southwest boundary of Alto's Coldstream Property and the wide gold zones identified by INCO can be interpreted to lie along strike of this deposit.

Plans for 2008

Mechanical stripping and trenching of some shallow geophysical targets is planned for the summer months. Diamond drilling will be carried out when a drill rig becomes available in the area.