Alto Ventures Ltd.
TSX VENTURE : ATV

Alto Ventures Ltd.

January 12, 2011 08:00 ET

Alto Ventures Ltd.: First Drilling Program Commences on the Alcudia Project, Urban-Barry Gold Belt, Quebec

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 12, 2011) - Alto Ventures Ltd. (TSX VENTURE:ATV) -

Highlights

  • Ten hole drill program totalling 1,500 meters
  • High priority IP anomalies on the Alcudia Project targeted
  • High priority targets have not been previously drilled
  • Property is located adjacent to Eagle Hill Windfall Gold Project

Alto Ventures Ltd. is pleased to announce the commencement of the first diamond drilling on the 100% owned Alcudia gold project located in the Urban-Barry gold belt, Quebec. The Alcudia property is bordered to the west by the very active Windfall Lake gold project currently being explored by Eagle Hill Exploration Corp. and to the east and south by the Urban-Barry project operated by Amseco Exploration Ltd. BonTerra Resources Inc. is also active in the area, currently drilling their Eastern Extension project which is located 5 km south of Alcudia.

The current drill program will consist of 10 holes totalling 1,500 m to test previously delineated high priority IP geophysical targets which may contain gold mineralization. In the Windfall Lake area, gold is preferentially associated with disseminated and stringer sulphide minerals (pyrite, chalcopyrite, pyrrhotite) in quartz veins and areas of shearing and silicification. These sulphide-bearing areas can be located with IP geophysical surveys and are expressed as Chargeability and Resistivity anomalies. 

There are several of these drill target anomalies on the Alcudia property and Alto is not aware of any previous drilling that tested these targets. The Company is encouraged by recent exploration success in the district announced by Eagle Hill Exploration (18.8 g/t gold over 9.9 m reported in December) and BonTerra Resources which reported gold assays up to 77.8 g/t gold in November.

This news release has been reviewed and approved for technical content by Alto's President, Mike Koziol, P. Geo, a Qualified Person under the provisions of National Instrument 43-101.

About Alto Ventures Ltd.

Alto Ventures Ltd. is an exploration and development company with a portfolio of highly prospective Canadian gold properties. The Company is active in Quebec in the Abitibi greenstone belt where it has a number of projects including the Alcudia and Destiny gold properties. In Ontario, the Company is exploring in the Beardmore-Geraldton gold belt and the Coldstream project in the Shebandowan gold district. In the Chilcoten Plateau of British Columbia, the Company is exploring the Chilko project nearby the Newton gold deposit. For more details regarding the Company's projects, please visit our website at www.altoventures.com.

ON BEHALF OF THE BOARD,

Richard Mazur, P. Geo., CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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