ALTO.OB: African Gold Mines
ALTO opened this morning @.57 and closed today @.77. That is a 35.09% GAIN for the day. Today’s peak for ALTO was @.80. Congratulations to all our subscribers who dipped there hands in this commodity. Keep your eyes open my friends, you haven’t seen anything yet. ALTO is expected to break well over $1.00 by tomorrow. Gold is ready to peak on the hot commodity list. We highly suggest that you grab some ALTO before the gold mines are empty. In addition to the above, there was more SERIOUS news released yesterday. Please review below.
Alto Group Holdings Samples High Grade Gold Assays From Golden Arrow — 6.70 Ounces per Ton
2010-01-11 17:13 ET – News Release
NEW YORK, NY — (MARKET WIRE) — 01/11/10
Alto Group Holdings, Inc. (OTCBB: ALTO) (“Alto Group” or the “Company”), wishes to announce that the Company has received initial gold assay results from sampling at the “Golden Arrow Vein” at the Alto-Ashanti Project’s Nkwanta Concession in Ghana, West Africa.
The vein sampled as high as 6.70 ounces per ton (207.83 g/t). The bluish grey quartz vein was sampled over a 1 meter chip sample in the “Golden Arrow” adit, approximately 20 meters vertically below the over burden and surface laterite material.
Additionally, other “Golden Arrow” vein assays have returned 1.46 opt (45.17 g/t), 1.425 opt (44.28 g/t), 3.07 opt (95.56 g/t) and 3.70 opt (116.64 g/t). All the vein samples were a minimum 1 meter chip sample as the vein has been mapped initially to be between 1.5 and 2 meters in width. The hanging wall and footwall metavolcanics are sheared silicified and contain quartz flooding and fine, disseminated arsenopyrite. Samples are pending on the zone and will be reported shortly. Visible gold has been noted in the vein and the Company implemented underground blasting to acquire fresh rock for further gold assays.
The previously announced 2010 Phase 1 Exploration Program headed by experienced geological personnel is conducting follow up and evaluation of the Golden Arrow. Currently, 35 people are excavating and trenching this zone which is estimated to be up to 2kms in strike length.
In Ghana, mining in the Ashanti region is dominated by AngloGold Ashanti and Newmont Ghana Gold. Alto believes the Nkwanta discovery is significant and has the potential to become a viable gold deposit as similarities can be drawn to producing gold deposits in the area. There are also over 300 registered small-scale mining groups and 90 mine support service companies currently working in Ghana.
Alto Group Holdings, Inc. submits samples for analytical work to Transworld Laboratories Ghana located in Tarkwa, Ghana for Au fire assay.
The Company has posted an extensive photo gallery on our website at www.altomines.com and we invite stakeholders and interested parties to visit.
ON BEHALF OF THE BOARD
Alto Group Holdings, Inc.
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Natalie Bannister
Director
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