- 51.66 g/t over 0.5m intersected within 12.25 m wide zone averaging 2.83 g/t gold
- 12.84 g/t over 0.65 m intersected within 2.9 m wide zone averaging 3.35 g/t gold in a foot-wall zone
- Gold system open to below 500 m vertical depths
March 8, 2010 - Vancouver, BC - Alto Ventures Ltd. (ATV: TSX-V) and Pacific North West Capital Corp. ("PFN") (TSX: PFN; OTCBB: PAWEF; Frankfurt: P7J) are pleased to provide results for the first two holes of the Phase II program at the DAC Deposit on the Destiny Gold Project. The first two holes intersected multiple gold zones including high grades of 51.66 g/t and 12.69 g/t both over 0.5 m widths in DES10-135. The high grades are contained within a zone of strong shearing, alteration and quartz veining that averages 2.83 g/t gold across 12.25 m. Several other gold anomalous zones were intersected in this hole including a foot-wall zone near the bottom of the hole that averages 3.35 g/t gold over 2.9 m and contains a high grade vein assaying 12.84 g/t gold over 0.65 m (see table below). The Phase 2 drilling has now been completed. Core logging and sampling of the last three holes is in progress and results will be released as they become available. A Phase 3 program is slated for later this year after the results from Phase 2 are received and incorporated into the DAC deposit data base.
DES10-135 intersected gold mineralization at depths exceeding 500 m and the mineralization remains open below that. Very fine grained free gold was observed at several intervals within this hole, including in the high-grade sections mentioned above. The multiple zones of shearing, alteration, quartz veining and mineralization are as extensive in this hole as in the previous holes that tested the upper parts of the DAC deposit (see Alto and PFN news releases dated February 18 2010). The high grades and multiple gold zones confirm the robust nature of the gold system and demonstrate the potential to significantly expand the DAC deposit with additional drilling.
Table of Significant Gold Assays Phase 2 Drilling Program
| Hole Number | From (m) | To (m) | Width (m) | Au (g/t) | |
| *downhole | |||||
| DES09-134 | 124.8 | 135.3 | 10.5 | 0.41 | |
| 256.9 | 266.7 | 9.8 | 0.53 | ||
| includes | 259.6 | 260.6 | 1.0 | 2.54 | |
| 316.7 | 332.8 | 16.1 | 0.28 | ||
| DES09-135 | 355.75 | 368.0 | 12.25 | 2.85 | |
| includes | 357.25 | 357.75 | 0.5 | 12.69 | |
| includes | 365.5 | 366.0 | 0.5 | 51.66 | |
| 374.85 | 377.0 | 2.15 | 1.55 | ||
| includes | 375.4 | 375.7 | 0.3 | 7.9 | |
| 386.65 | 391.0 | 4.35 | 0.74 | ||
| includes | 389.15 | 390.15 | 1.0 | 2.34 | |
| 431.4 | 441.8 | 10.4 | 0.46 | ||
| 446.5 | 470.35 | 23.85 | 0.36 | ||
| 486.55 | 496.9 | 10.35 | 0.35 | ||
| 527.1 | 530.0 | 2.9 | 3.35 | ||
| includes | 527.1 | 527.75 | 0.65 | 12.84 | |
*Based on core angles and previous drilling, true widths are estimated at approximately
80 to 90% of the downhole lengths reported. Mineralized zones generally
start at 0.1 g/t gold and assay averages may include minimal intervals
of waste material. No top cuts of assays were used.
Mike Koziol, P. Geo., P.Eng. and Alto's President and CEO is the Qualified Person who has reviewed and approved this news release.
Quality Assurance/ Quality Control
Core processing included descriptive logging and selection of samples for analyses. The NQ-size cores were sawed in half and one half was delivered to a commercial laboratory. The samples were delivered to the Accurassay preparation laboratory in Sudbury where they were crushed and a 500 gram pulp was prepared. The pulp was then shipped to Accurassay Laboratories in Thunder Bay for analyses. The gold assaying method uses a standard Fire Assay with AA finish technique on a 30 gram aliquot taken from a 500 gram split from the submitted sample. Commercially prepared standards and blanks were inserted by Alto every 25 samples to ensure precision of the results. The laboratory performs repeat check assays every 10 samples on pulps to ensure internal lab quality control.
The laboratory was instructed to prepare and analyze a second 500 gram split from the reject for those samples that indicated gold values of between 1 g/t and 5 g/t on the initial analysis. The gold assaying method on the re-split uses a standard Fire Assay with Gravimetric finish technique on a 30 gram aliquot. Pulp metallic assays were performed on all samples the returned greater than 5 g/t gold on the first assay. The results reported represent mathematical averages of all analyses performed on each specific sample.
Robert J. Tremblay P. Geo (Quebec), Consulting Geologist to Alto Ventures, was responsible for supervision of the diamond drilling program.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX: PFN; OTCBB: PAWEF; FSE: P7J.F) is a mineral exploration company focused on Platinum Group Metals (PGM), precious and base metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major and junior mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, First Nickel, Fire River Gold Corp. and Alto Ventures.
About Alto Ventures Ltd
Alto Ventures Ltd. is a gold exploration and development company with a portfolio of highly prospective properties in the Canadian Shield. The Company is currently active in Quebec where it is focussed on the Destiny Gold project in the Abitibi Greenstone Belt and in Ontario in the Beardmore and Shebandowan gold districts.
For more details regarding the Company's projects, please visit our website at www.altoventures.com.
ON BEHALF OF THE BOARD,
Mike Koziol, P. Geo., P. Eng.
President & 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.
For further information contact:
Mark Prosser
Investor Relations Manager
ALTO VENTURES LTD.
910-475 Howe Street
Vancouver, BC, V6C 2B3
Tel: 604-689-2599
Fax: 604-689-3609
mark@altoventures.com
www.altoventures.com
