Alto Ventures Ltd.
Alto Ventures Ltd.
News News Releases

 Tue Dec 1, 2009
Coldstream Property Expanded to Include the Highly Prospective Iris Zone, Coldstream Gold Property, Ontario

 Vancouver B.C. December 1, 2009: Alto Ventures Ltd. (ATV: TSX-V) is pleased to announce results of the summer field work at the Iris Zone on the Coldstream Gold Property, Ontario. The 2009 field program on the Coldstream Property was focused on generating new high quality drill targets and gaining a better understanding of the controls on mineralization.

The strong similarities to the East Coldstream Deposit, the kilometre-long IP chargeability anomalies and positive results from the very limited past drilling demonstrate the highly prospective nature of the Iris Zone. Drilling in being planned to test the new zone in this under explored area of the Coldstream Property.


Highlights of the Iris Zone:
  • 2009 grab samples returned up to 15.8 g/t Au
  • Recently acquired claims expand the Coldstream Property northward to cover this highly prospective ground
  • Mineralization shows strong similarities to the East Coldstream Deposit, located only 1.5 km to the south (non 43-101 compliant resource of 5.1 million tonnes with 234,000 ounces contained gold)
  • Mineralization is associated with IP Chargeability anomalies
  • Very limited drilling was completed previously with encouraging results including:

Drill Hole

From (m)

To (m)

Length (m)

Au g/t

VAN-07-003

53.3

58.5

5.2

1.27

VAN-07-003

65.1

70.1

5

1.28

VAN-07-005

25.5

38

12.5

0.74

includes

33

37

4

1.19



The Iris Zone occurs at the northeast end of the Coldstream Property on claims that were added to the property this summer. The exploration work was completed by Foundation Resources Inc (FDN: TSX-V) which is earning an interest in the project and is the operator of the project. The Iris Zone is located only 1.5 km north of the East Coldstream Deposit.

Claims including the highly prospective Iris Zone were added to the Coldstream Property during the summer of 2009 (see Alto news release dated July 23, 2009) and a preliminary field assessment including prospecting and sampling of this new ground was carried out subsequently. Five IP chargeability anomalies have been delineated at the Iris Zone in 2007; two of these anomalies extend over 1 kilometre in strike length.

History

The East Coldstream Deposit, with historical resources of 5.1 million tonnes averaging 1.4 g/t gold and containing 234,000 ounces of gold, was discovered by Noranda Exploration Ltd and was delineated by 37 diamond drill holes between 1988 and 1991. Noranda prepared the historical resource estimate in 1991 however no "qualified person" (as that term is defined in NI 43-101) has to date done sufficient work to classify the historical estimate as current mineral resources. The Company is not treating the historical estimate as current mineral resources (as defined in NI 43-101) and thus the historical estimate should not be replied upon. Please see Alto's November 16th news release for further details on the East Coldstream Deposit

Very limited drilling has been completed at the Iris Zone. Drilling completed in 2007 by Trillium North Minerals Ltd targeted IP chargeability anomalies trending sub-parallel to anomalies coincident with the East Coldstream Deposit. Each of the two one-kilometre long IP chargeability anomalies has been tested with only a single drill hole. VAN-07-003 was completed in the southern anomaly and returned 5.2 metres grading 1.27 g/t Au and 5 metres grading 1.28 g/t Au. VAN-07-005 tested the northern anomaly and returned 12.5 metres grading 0.74 g/t Au, including 1.19 g/t Au over 4 metres. These very positive results have not yet been followed up with additional drilling.



About the Coldstream Project

The Coldstream Property includes 5,394 hectares of staked and patented mining claims along the Trans Canada Highway 115 km west of the City of Thunder Bay, Ontario. The area is road accessible and has excellent infrastructure with a major power line and CN rail line passing just north of the property. Skilled labour is readily available locally.

The property is under an Option Agreement with Foundation Resources Inc. Foundation is the operator and is funding the current exploration program to earn an initial 60% interest.

For more details regarding the Company's projects, please visit our website at www.altoventures.com

Quality Control

Grab samples of rock from outcrops were collected and were described in the field by Geologists from Coast Mountain Geological ("CMG"), the contractor for Foundation, as to rock types, mineralization and then bagged and brought to the

campsite where blanks and standards were inserted after every 25 sample series. The bagged samples were then placed into large rice bags and marked for delivery to the assay lab for analyses of gold and other selected elements. The staff of the CMG delivered the samples to certified ALS Laboratory (ISO 9001:2000 and ISO 17025:2005) in Thunder Bay, Ontario. The samples were weighed, crushed (70% - <2mm), pulverized (split to better than 85% passing 75 microns), and then analyzed for gold and other trace elements by the lab. Gold is analyzed by the lab for up to 10ppm upper detection limit using the fire assay procedure on a 30g sample with ICP finish. Any sample exceeding this upper limit value was then re-analyzed by the same fire assay method but with gravimetric finish.


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

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 Destiny 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 & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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: [email protected]
Website: www.altoventures.com
 
 

You can view the Next News Releases item: Thu Dec 3, 2009, High Grade Gold Intersected in the First Five Diamond Drill Holes at the DAC Deposit, Destiny Gold Project, Québec

You can view the Previous News Releases item: Tue Nov 24, 2009, Trenching at the Goldie Zone Succeeds in Developing Drill Ready Targets on the Coldstream Gold Property, Ontario

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