SOURCE: Alto Group Holdings, Inc.

Alto Group Holdings, Inc.

March 24, 2011 08:00 ET

Alto Group Holdings Announces Payment Finalized to Complete the First NI-43-101 Geological Report Within the Mexican Portfolio

NEW YORK, NY--(Marketwire - March 24, 2011) -  Alto Group Holdings, Inc. (OTCQB: ALTO) (OTCBB: ALTO) ("Alto Group" or the "Company"), an innovative mining and commodities trade company headquartered in New York, announces the company has currently made the necessary payment to complete an IN-43-101 geological report within Mexico on the Los Tres Machos and Zuna project.

This event marks the beginning of the first phase of our geological work program with the proposed preliminary budget on the Zuna and Los Tres Machos projects by Registered Geologist and Certified Engineering Geologist G. McFarland, RG, CEG, RHg.

Mr. McFarland's company, McFarland & Associates, Inc., has prepared a preliminary work program that will result in an NI 43101 geological report to further define the property's potential resource and merit.

This well noted geologist has an extensive background and expertise in evaluating projects such as acquiring the LP Cu-Mo porphyry, Sanders county, MT for clients and wrote the report summarizing previous work with recommendations for exploration. The resource estimate for this deposit is in excess of a billion tons of Cu-Mo ore. Additionally, he worked on the Santo Domingo Project, Sonora State, Mexico which encompassed evaluating the Santo Domingo Cu-Au porphyry and associated Au properties for Vermillion Resources and designed exploration program.

Typical geotechnical work includes landslide investigation, computer modeling to determine the safety factor (FS) for various slope and groundwater conditions using SLOPESTA 6.0, foundation investigations and providing drainage solutions.

Groundwater and soil characterization studies include using geophysical methods to locate irrigation, municipal, and domestic wells. Well design, and aquifer testing, calculation of specific capacity and transmissivity and well interference, etc. Mapping subsurface stratigraphy (gravel, sand, clay and silt units) and the lateral extent and thickness of aquifers. The characterization of water quality; i.e., estimation of TDS, and DNAPLs using GPR, NanoTEM, TEM and induced polarization (IP).

We look forward to Mr. McFarland's participation in helping our company define the potential of these significant exploration projects.

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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

  • Alto Group Holdings Inc.
    245 Park Ave - 24th Floor
    New York, NY 10167
    www.altomines.com
    212-803-8187