ATV just released news this morning... great news!!

"Alto's recent work has now extended the gold bearing iron formation to at least 400 m along strike with anomalous values in grab samples ranging from 0.1 g/t gold to 15.5 g/t gold"

NOTE: This property has been JV'd with KXL so this is also good news for KXL. KXL can earn up to 70% on this property.

See August 09 news release on ATV site.
http://www.altoventures.com/s/NewsReleases.asp?DateRange=2007/01/01...2007/12/31

"Under the terms of the agreement, Kodiak can earn 51% interest in the Cote-Archie Lake property by undertaking staged expenditures totalling $1 million over three years and by making staged payments of $100,000 in cash or Kodiak shares to Alto over three years. Once a 51% interest has been earned, Kodiak will have the option to earn an additional 19% interest (for a total interest of 70%) by completing and delivering to Alto, a feasibility study for the development of a mine. Once Kodiak earns 70% interest, Alto will have the option to participate in a 70%-30% Joint Venture or convert its interest to a 2.5% Net Smelter Return royalty."

This is great news for both ATV and KXL!! Remember this vein is believed to extend the Leitch mine vein... KXL also has 100% control over property that extends this vein too!!

It just keeps getting better.

mz