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
) (“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 atwww.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.
Kevin A. Mercuri
212-901-6914 Ext 701
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