Cote-Archie Lake

The Cote-Archie Lake property is located 6 km north from the Town of Beardmore and is interpreted by Alto to lie on strike with the historic Leitch Mine which had a reported production of 860,000 ounces of gold at 0.92 oz/ton (31.5 g/t). The Company was informed by Kodiak Exploration Ltd., the operator of the project, that a diamond drilling program is planned for this summer and will include approximately 10 holes to test some of the targets generated previously by Alto as well as new targets identified by Kodiak. Kodiak is also planning trenching on the Angle Lake portion of the property. The planned work could start as early as June. Under the terms of an Option Agreement between Kodiak and Alto, Kodiak has the option to earn 51% interest in the project by spending $1,000,000 on exploration and paying Alto $100,000 in cash or Kodiak shares over three years. Kodiak will be funding this program as per terms of the Option Agreement.

As has been discussed in previous posts, kodiak will be busy on their entire land package in the Geraldton-Beardmore Greenstone belt. The company isn't exagerating when it says that the area is "under-explored in modern terms"; there are new mines yet to be discovered.

My gut feeling is that the Golden Mile won't be the flagship story of the area, but another zone will be found that will really knock your socks off. Time will tell.

Good luck!

Sam