Alto Intersects High Grade Gold at Despinassy, Quebec
Symbol: ATV
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 25, 2008) - Alto Ventures Ltd. (TSX VENTURE:ATV) is pleased to announce results from the first four diamond drill holes completed on its 100% owned Despinassy Project located 75 km north of Val d'Or, Quebec. Gold was intersected in each drill hole including high grade of 20.6 grams per tonne (g/t) gold across 0.8 m within a wider mineralized section averaging 7.0 g/t gold across 2.5 m.
The four holes reported are from the area of the Darla Zone where previous drilling intersected 19.5 g/t gold across 2.1 m. The Darla Zone is one of several high priority gold prospects which were identified along a six kilometre segment of the Despinassy Shear Zone (\"DSZ\"), a zone of intense deformation and alteration that is up to 200 m wide and locally hosts significant gold mineralization. The DSZ has many geological and structural characteristics which are similar to the geological settings that host gold deposits in the Timmins gold camp. Other significant prospects along the DSZ include the DAC Deposit and Area 3.
To date, the best known prospect along the DSZ is the DAC Deposit where resources 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 were estimated in compliance with NI43-101 standards (see Alto news release dated November 27, 2006). The deposit is open to expansion at depth and along strike to the west. The Darla Zone is located one kilometre east of the DAC Deposit.
The objectives of this drill program are to (1) further test the DSZ at shallow depths at the Darla Zone and in Area 3; (2) confirm the size and extent of the alteration envelopes; and (3) gauge the strength of the quartz-vein gold systems at these locations. Previous drilling in Area 3 intersected Zone 20 which assays 4.6 g/t gold across 2.0 m and Zone 21 with assays of 2.4 g/t gold across 6.0 m. Area 3 is located two kilometres east of the Darla Zone along the DSZ and is currently being drilled. Results will be reported as they become available.
The current phase of the 2008 program anticipates the completion of 15 to 17 diamond drill holes prior to the spring thaw in early April. Another phase of drilling may be carried out during the second half of 2008.
Table of Significant Assay Results from Holes DES08-103 to DES08-106 -------------------------------------------------------------------------- From To Width Au Hole (m) (m) (m)(i) (g/t) Comments -------------------------------------------------------------------------- DES08-103 54.4 58.6 4.2 0.55 includes 55.5 56.6 1.2 1.07 120.0 130.1 10.1 0.53 includes 129.0 121.0 1.0 2.82 and 129.0 130.1 1.1 1.45 -------------------------------------------------------------------------- DES08-104 104.5 107.0 2.5 7.02 includes 105.2 106.0 0.8 20.63 2 grains of visible gold observed 114.5 136.7 22.2 0.35 includes 119.0 120.0 1.0 1.24 168.5 169.5 1.0 2.3 4 grains of very fine visible gold observed -------------------------------------------------------------------------- DES08-105 203.0 204.0 1.0 1.3 -------------------------------------------------------------------------- DES08-106 116.4 124.6 8.2 1.19 includes 117.1 117.9 0.8 2.35 and 123.2 124.6 1.4 3.82 146.4 147.4 1.0 1.39 -------------------------------------------------------------------------- (i) Mineralized intervals reported are down-hole lengths as there is insufficient drill-hole density to estimate true widths.
Mike Koziol, P. Geo., P.Eng. and Alto's President and CEO is the Qualified Person who has reviewed and approved this news release.