| ||Tue Oct 26, 2004|
Exploration Program at Windfall Lake Area Property
Alto Ventures Ltd. (the "Company") (TSX.V: ATV), is pleased to announce the commencement of an exploration program on its 100% owned Alcudia property in Urban Township, Quebec. Alcudia adjoins the Windfall Lake property where Noront Resources Ltd. intersected 13.4 metres grading 8.55 grams gold per tonne in east-west striking, sulphidized acidic volcanics approximately two kilometres west of the Alcudia property. Alto holds a 0.5% net smelter royalty on Noront's Windfall property.
Limited prospecting at Alcudia in 2003 resulted in the identification of IP chargeability anomalies in sulphidized volcanic rocks similar to and along strike with those hosting the Windfall mineralization. The current program will focus on further evaluation of the source of these anomalies in light of Noront's encouraging results.
Alto is an exploration and development company with a portfolio of gold properties in eastern Canada. The Company's projects are mid-stage programs with significant drill indicated gold mineralization in geological settings that have potential for shear-hosted quartz vein and iron formation hosted deposits. Drill programs are planned for the Despinassy project in Val D'Or, Quebec, the Coldstream project in the Shebandowan greenstone belt of Ontario and the Oxford Lake project in the Gods Lake greenstone belt of northern Manitoba. Surface exploration programs are also underway on the Company's properties in Urban Township, Quebec and the Geraldton-Beardmore gold camp in northwestern Ontario.
The Company has been recently reorganized under the direction of a new team of mining and finance professionals with a proven track record in exploration and discovery. Alto has the support of its major shareholder, Hidefield plc, an AIM listed company on the London Stock Exchange with important relationships to the European financial community.
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ON BEHALF OF THE BOARD:
President & CEO
The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release.
For further information, contact:
President & CEO
Alto Ventures Ltd.
Suite 910-475 Howe Street
Vancouver, B.C. V6C 2B3
Email: [email protected]
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