Penny Stocks

When Zoran Pudar returned to his Vancouver head office this week, his briefcase contained lots of good news about the ongoing exploration program on the company’s two prospective gold properties located in Far East Russia – across the Bering Strait from Alaska. The vice-president of exploration for Golden Reign Resources Ltd. (TSX-V: GRR) was returning from a field visit to the company’s properties. At the Dorozhni property, which covers 8. 8 square km, gold mineralization is thought to be the source of 150,000 ounces of historically mined placer gold.


“In approximately two weeks time, I expect to receive assay results for samples collected during my visit to the properties,” he told Resourcex Investor on Thursday, “and we are still collecting some samples from the Butarni property. In total, 18 samples were sent to Alex Stewart (Assayers) Ltd. , a British lab in Moscow. ”


The Russian government has limited research data on the properties in the Magadan Region, under agreement to Golden Reign and more extensive information has been coming out only in recent weeks. Most of the work had been done following World War II and in the late 1980s. The property is held under a 20-year comprehensive exploration-mining licence.


“From what we know about the Dorozhni property,” Pudar said, “they were chasing some high-grade quartz veins. Typically, the gold is coarse. I had a chance to spend several days there and focused on the eastern part of the property where we have recently completed 1. 5 km of trenching. We sampled some of those veins, which in 1946 had yielded over six kilos of gold (approx. 20 ounces). ”


He said that high-grade gold mineralization occurs at the intersection of northwest orientated structures and the intrusive, hosting quartz veins. Of particular interest is the newly exposed mineralized sediments and breccia zone discovered in a river bed.


Pudar says that this newly discovered breccia zone appears to be 50 by 70 metres wide. “It is the type of target I was looking for. In fact, I brought home some really nice samples, just for show and tell. This new zone has really great potential, but the riverbed has to be totally exposed and properly sampled. There is rich sulphide mineralization within the zone, which is often associated with gold. This zone is considered a primary target for continued exploration. ”


The first phase of exploration at the Dorozhni property was initiated this fall. Dorozhni, one of Golden Reign’s two highly-prospective gold properties at Magadan, is located at the headwaters of Dorozhni Creek. Previous exploration work focused on identifying and testing five separate gold-mineralized quartz veins at or near surface. The veins, which have been traced for 380 metres along strike, average between 0. 4 to 2. 4 metres in width and occasionally expand up to 17 metres wide. The distance between the veins ranges from 15 to 50 metres. Gold distribution is extremely irregular, with the highest reported grades resulting from two separate channel samples, both of which were collected from Vein No 1, of 6,322. 2 g/t over 0. 1 metres and 2,678. 2 g/t over 0. 5 metres.


Golden Reign believes that the property has potential for a low-grade bulk tonnage gold deposit. Exploration will test the sheeted vein system within the granite intrusive to evaluate the gold content between veins, with the intent of determining an average gold grade from the vein swarm and the intervening intrusive.


The first phase of exploration was designed to map the mineralized zones and to test whether the gold mineralization is restricted solely to quartz veins and veinlets, or whether mineralization occurs in the surrounding host rocks. Exploration will test the sheeted vein system within the granite intrusive to evaluate the gold content between veins, with the intent of determining an average gold grade from the vein swarm and the intervening intrusive.


The company has established an exploration camp, mobilized equipment and upgraded an existing access road. It has built a new two-km road to provide access to previously untested mineralized zones within the property boundaries. Comprehensive geological mapping, including reconnaissance traverses, and grab sampling have been completed. Assay results are pending and will be released as they become available.


Magadan, one of the world’s richest mining areas, has about 2,000 placer gold deposits, 100 gold ore deposits and 48 silver deposits. Total probable gold reserves in the Magadan Oblast are estimated at 4,000 tons (128,000,000 ounces).


Pudar, who has been active in Russia for over 10 years, is a graduate of the University of Tuzla, Bosnia and Herzegovina in the former Yugoslavia. He worked at the Geoinstitute of Sarajevo, Bosnia, and for several Canadian public and private companies involved in mineral property exploration.


In late Summer, work also began on Golden Reign’s Butarni property, 9. 3 square km situated approximately 310 km north of Magadan, the capital city of the province. It is underlain by clastic sediments, which have been intruded by a biotite granite stock with dimensions of approximately 3. 0 km x 1. 6 km. Five known mineralized quartz vein zones are outlined within the stock, with a length ranging from 700 metres to 1,500 metres. Major veins are between 0. 1 and 1. 5 metres in width, 100 to 150 metres in length and are accompanied by zones of parallel quartz veinlets. Previous grab and channel sampling returned values from 1 g/t to 334. 4 g/t, with an average grade of 21. 3 g/t gold from 45 selected grab samples and 29. 6 g/t gold from 22 channel samples.


This article is intended for information purposes only, and is not a recommendation to buy or sell the equities of any company mentioned herein. It is based on sources believed to be reliable, but no warranty as to accuracy is expressed or implied. The opinions expressed in the article are those of the author except where statements are attributed to individuals other than the author, in which case the opinions are those of the individual to whom they are attributed.


Resourcex Investor is an internationally distributed newsletter about emerging junior resource companies. Sign up for a free 1-month trial to our newsletter and get instant access to news and investing tips that have helped many of our readers make more money. http://www. resourcex. com

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Penny Stocks



Dear members of Campaign Desk,


Here we have the new target for this week. Alto Group Holdings Inc.  (OTC.BB:

ALTO

) engages in the acquisition and exploration of mineral properties. They are digging up quite a bit of gold in Ghana lately and their pr storm of the last week and all the attention they were getting from promoters over the weekend means this stock will receive a lot of investor attention this week.


Stochastic analysis looking bullish…


The last pr from the company released on Friday…


NEW YORK, NY–(Marketwire – 01/15/10) – Alto Group Holdings, Inc. (OTC.BB:

ALTO

News

) (“Alto Group” or the “Company”), is pleased to offer an updated summary of recent activities at the gold exploration program currently underway at the Nkwanta Concession on the Company’s Alto-Ashanti Project in Ghana, West Africa.


Significant gold bearing quartz veins have been discovered, sampled and are undergoing further exploration throughout the Nkwanta Concession. Work crews are acquiring both surface and underground samples for gold analysis. Initial results indicate that the Golden Arrow vein appears to be the richest location with high grades of up 47.49 ounces per ton. In a 100 foot deep underground tunnel excavated by local miners, the samples averaged as high as 2.284 ounces per ton in the quartz vein with significant shows in the surrounding rock.


The Golden Arrow Vein has been traced for 275 meters on surface and appears to trend much farther. Alto crews are now working on the surface in order to expose the vein to the west. The vein is roughly 2 meters (6 feet) wide with an 85 degree dip which will easily allow for simple mining methods of extraction. Prior to any further digging, the vein will be drilled every 50 meters so that a three dimensional picture and proper resource calculation can be developed. A recent, small 800 pound bulk sample from the vein prepared by the local miners was crushed and subjected to simple mercury recovery extraction and returned a calculated grade of 2.12 ounces per ton.


Four additional veins have been discovered and identified as the Chief, D-10, Ankobra, and Scorpion veins. Visible gold has been noted in the samples acquired from the workings on the Chief and D-10 veins. These veins run parallel to Golden Arrow and are currently being sampled, excavated and drilled. Each vein represents another series of drill targets and potentially even more gold bearing rock to add to an upcoming resource calculation. At this time, over 150 samples are pending for analysis. Miners continue to dig a variety of pits to these veins and remove samples for analysis.


Alto plans to shortly complete the Phase 1 sampling program and to quickly generate a drill target plan. We currently believe that a minimum 25,000 foot drilling program may be warranted following the completion of Phase 1. Once drilling is complete, the Company will commission an independent, third party resource calculation in order to provide an accurate assessment of the tonnage and grade of the of the Nkwanta Veins.


Alto is also pleased to report that our relationship with the large crew of local miners is working extremely well and our staff of trained geological professionals is very pleased with the arrangement. We are working closely with the local tribal councils to ensure safe practices and cultural interests are preserved. Working with the indigenous labor force provides much needed employment in an area where many would be struggling to make a decent living wage and the Company is very happy to have their assistance and local knowledge. Alto Gold has posted a photo gallery which includes images of our workers and staff as well as the surface and underground exploration and development activities on our website at

www.altomines.com

.


Further announcements will be forthcoming regarding assay results and other news from the field.


Notice Regarding Forward-Looking Statements


This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


ON BEHALF OF THE BOARD
Alto Group Holdings, Inc.
Natalie Bannister
Director
Contact:
Kevin A. Mercuri
Propheta Communications
212-901-6914 Ext 701


————————————–

Please do your own due diligence and don’t forget to read our disclosure. Please don’t invest in any of our picks unless you can risk loosing your whole investment.

Penny Stocks

Get Informed about Penny Stocks

Penny Stocks are not listed on stock exchanges like NY Stock exchange because they don’t meet the listing requirements.  While buying penny stocks you must know the fact that listed stocks must have required number of stockholders, assets, and should give financial reports regularly.

Penny stocks are traded on the OTCBB or as Pink sheets for customers. Over the counter stocks are traded through OTCBB which is an electronic quotation system, such stocks are not listed on any of national stock exchanges. The only obligation of such stock is the companies have to submit financial report to the SEC. The Pink sheets transactions are not monitored by the SEC. If the company has turnover of less than 10 million dollars and have investors less than five hundred in total, then there is no filing at all. for further details , visit : http://www.campaigndesk.org/consider-factors-choosing-penny-stocks/

Get Informed about Penny Stocks

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Penny Stocks

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