August 19, 2009

Alto Ventures Adds Further Upside To Its Gold Exploration Portfolio In Ontario

By Daina Lawrence

News of massively increased interest in mining in the Yukon has been splashed all over Canada’s media for the past few weeks, and thoughts of the old Klondike rush continue to come to mind as companies scramble to stake new claims. But Mike Koziol, chief executive of Alto Ventures, says that, for now, his company will maintain its established foothold in the eastern provinces, and not venture too far west. And there is a very simple reason why this Vancouver-based mining corporation is sticking with its Ontario and Quebec properties. “It is their proven potential for gold production,” Mike explains confidently.

Alto already has several projects on the go in Ontario and Quebec, and is working up towards drilling on the Beardmore-Geraldton gold belt properties in Ontario either in the fall or in the very early months of 2010. But last month it acquired an additional gold property next to its Coldstream Gold project in north western Ontario, and Mike’s quite excited about the potential there.

The new 400 hectare property is located in the Shebandowan greenstone belt, approximately 100 kilometres west...