SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

February 28, 2011 08:08 ET

Alto Group Holdings Announces Operations Staff Members Completing Final Move of Equipment Across Mexican Border

NEW YORK, NY--(Marketwire - February 28, 2011) - Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces operations staff members completing final move of equipment across Mexican border.

The company's operations staff members have reported to management that the remaining equipment required to begin preproduction on the La Cienega project has finally been moved to the staging area in Tucson, Arizona and will be transported via truck convoy to the production site this week. The assemblage of this equipment was a long process which involved collecting each item from numerous locations around the country and this announcement marks the final step needed to start the long awaited gold production anticipated by management and the company's shareholders.

About Previous Gold Mining within the Region:

Gold was previously discovered in the Golden Triangle district at La Cienega in the late seventeen hundreds. The most widely published date is 1799. The gold rush that ensued involved dry mining of the placer gold from the "caliche" cemented and unconsolidated gravels in the pediment areas, usually adjacent to hills and low rolling mountains containing lode gold deposits as well. Don Antonio Enrique de Castro owned most of the Placer ground and is said to have made over two million dollars between 1799 and 1803. At the time of discovery, gold nuggets were reputed to be found scattered on the surface like kernels of corn.

In 1803 the San Francisco placers were discovered in the northeast corner on the Golden Triangle near El Puerto, Boludo, and El Tiro. Between 1803 and 1811, the San Francisco placers reportedly produced about 250,000 ounces of gold per year  and by 1811 most of the easily recovered surface gold had been found, but placers have been worked to the present time by local independent miners using had digging and separating methods.

After Porfirio Diaz became director of Mexico in 1877, American and Canadian mining concerns operated freely in the golden Triangle and despite hardships even during the Mexican revolution of 1922 - 1917. In the late eighteen hundreds and early nineteen hundreds the El Tiro Vein (lode deposit) was mined selectively by an American company and produced very high grade ore. In the early nineteen hundreds another American company, The Lanos de Oro Mining Company, built a fourteen mile long water pipeline from Trinchrias to El Boludo in the Northeast corner of the Golden Triangle. At El Boludo in 1910 a 100 stamp mill crushed ore from the cemented gravel 30 feet thick at a mining depth of 100 feet.

The Golden Triangle district has reportedly produced over 10 million ounces of placer gold since its discovery by the Spaniards.

View La Cienega Project Information: http://www.altomines.com/lacienega.html

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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.
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Mark Daniel Klok
President and CEO

Contact Information

  • Mark Daniel Klok
    President and CEO
    212-803-8187
    Email Contact