ALTO, News this morning is causing a mad dash to buy stock, ALTO IS LOADED WITH GOLD
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 Hi Subscriber,
ALTO, News this morning is causing a mad dash to buy stock, ALTO IS LOADED WITH GOLD ALTO is up massively today as the stock has crossed the .70s mark. Once we pass $1.00 the stage is set for a 300% to 400% move. It has been a long time since PSC has seen a gold play like ALTO.
PSC thinks that this run is based on solid fundamentals and today’s news proves our point. ALTO released assay results which show that there Ghana property is loaded with gold. Alto Group Reports Assays From D-10 Vein at Alto-Ashanti Project in Ghana 2010-01-19 09:00 ET – News Release NEW YORK, NY — (MARKET WIRE) — 01/19/10 Alto Group Holdings, Inc. (OTCBB: ALTO) ("Alto Group" or the "Company"), today is pleased to announce assay results from the D-10 Vein at the Nkwanta Concession on the Company’s Alto-Ashanti Project in Ghana, West Africa. The D-10 Vein is located 450 meters to the north of the highly prospective Golden Arrow Vein and contains visible gold. One notable sample returned 1.78 ounces per ton (55.395 g/t) of quartz vein material with small specks of visible gold. The D-10 Vein has been traced on surface for 100 meters and is being explored along strike. Exploration to date indicates the vein to be approximately 0.5 meter in width and is similar in appearance to the high grade Golden Arrow Vein. 22 samples of the D-10 Vein averaged 0.383 ounces per ton (11.90 g/t). Five additional random grab samples from ore dumps created by the local miner’s efforts averaged 0.234 ounces per ton (7.281 g/t). The D-10 Vein may represent an offshoot or splay off the Chief Vein located immediately to the north and will be a priority drill target in the upcoming surface drilling program. Alto Group engineers have been reviewing the recent data and report confidently that the Nkwanta Concession has the potential to develop into a viable gold deposit. The Company’s stated goal has been to discover a deposit containing in excess of 1 million ounces. Given that the gold deposits of the Ashanti Trend are currently estimated to contain over 90 million ounces, Alto believes that the geological environment combined with the initial findings of high grades and visible gold in the veins at Nkwanta make the expectations of achieving this goal increasingly possible. With gold prices over $1,100 per ounce, 1 million ounces would offer a current market value of over $1 billion. Alto’s plan is to complete the Phase 1 exploration program through the extraction of numerous rock samples and by generating a variety of prospective drill targets. A minimum 25,000 foot drilling program may be warranted which would follow Phase 1. Once drilling is complete, the Company will commission an independent, third party resource calculation in order to formally evaluate the tonnage and grade of the Nkwanta Veins. ON BEHALF OF THE BOARD Alto Group Holdings, Inc. ———————— Natalie Bannister Director Add to DiggBookmark with del.icio.usAdd to Newsvine Contact: |
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