ALTO, START YOUR ENGINES, News out on ALTO today, This pick is set to run, We could move from .57 to over $5.00
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 Hi Subscriber,
ALTO, START YOUR ENGINES, News out on ALTO today, This pick is set to run, We could move from .57 to over $5.00 We have alerted ALTO @ .57 earlier today. The company has a huge gold find in the making in Ghana. Gold is the place to be with problems with China looming http://seekingalpha.com/article/181772-u-s-slaps-tariff-on-china-gold-price-jumps China is the gold price and USD kingmaker in an environment where the US is buried in debt. http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=95497&sn=Detail ALTO is an amazing way to play the run higher in gold. Get in now. PSC thinks that ALTO could move 500% to 1000% once more news comes out on the company’s properties. Alto Group Holdings, Inc. Announces Execution of Definitive Agreement to Acquire West African Gold Concessions 2010-01-10 13:47 ET – News Release NEW YORK, NY — (MARKET WIRE) — 01/10/10 Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group Holdings," "Alto" or the "Company"), is very pleased to announce that the Company has executed a formal definitive Joint Venture agreement with Castle Peak Mining, Ltd. whereby the Company will acquire a 70% participating interest in the Nkwanta Mining Concession as its primary target and will exercise its option on selecting a 50% participating interest in one of the two bordering concessions known as Ayiem and Asuogya. The option will designate a secondary target from the Castle Peak projects in Ghana, West Africa by forming a joint venture with the mineral rights owner. Alto has selected the Nkwanta concession as its primary target in response to the discovery of the "Golden Arrow" high grade vein system and plans to make Nkwanta its number one priority target for exploration. The other two optioned concessions; Ayiem and Asuogya, will be explored in the upcoming months and the Company will determine which concession shall be its secondary target for which it will continue to hold a 50% participating interest. The company aims to finalize this determination by December 31, 2010. The terms of the agreement include exploration expenditure commitments, a schedule of cash payments and issuance of restricted shares. As part of the agreement, the Company has commenced an aggressive exploration and development program in Ghana. Field crews have been mobilized and work has begun on the concessions. Alto has assembled a high quality team to conduct the work supervised by persons classed a Q.P. (Qualified Person under N.I. Policy 43-101). Alto will spend $100,000 on the Phase 1 program for property evaluation in order to select the two primary and secondary acquisitions. Additional work commitments of $1,500,000 for Phase 2 exploration throughout the calendar year 2010 and further expenditures of $1,500,000 in 2011 and $2,500,000 in 2012 amount to a cumulative work expenditure of $5.5 million on the properties (All figures in US dollars). Alto has agreed to pay for the expenses related to mineral licenses, permitting, legal fees and regulatory reporting as required to maintain the projects in good standing with the Ghana ministry and mineral commission. The Company will be utilizing the existing infrastructure of Castle Peak through use of their Ghana offices, staff and geological team to conduct its exploration activities.. The Company is pleased to invite interested parties and stakeholders to visit our website at www.altomines.com ON BEHALF OF THE BOARD - – - – - – - – - – - – - – - – - - Natalie Bannister, Director Add to DiggBookmark with del.icio.usAdd to Newsvine Contact:
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