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| This geological setting is typical of Abitibi gold camps which form the largest greenstone-hosted gold deposits in the world and which attracted Cameco Gold Inc. to the Despinassy Property. Alto's recently completed 20-hole drill program demonstrated continuity of four veins comprising the DAC gold deposit along a strike length of 250 metres (m) and to a depth of 600 m. A total of 5,307 metres were drilled on the DAC veins. Results included gold mineralization intersections grading 14.6 grams per tonne (g/t) over 3.7 m, 6.4 g/t over 5.9 m, 22.0 g/t over 1.4 m, 6.7 g/t over 3.1 m, 7.0 g/t over 7.2 m and 8.1 g/t over 3.5 m within a major mineralized shear structure traceable for at least six kilometres (km) through the project claims as previously announced by the company. Alto is currently evaluating the results of this drill program along with previous drill results from Cameco Corp. with a view to determining future work programs. Alto is earning a 70-per-cent interest in the Despinassy gold project. For detailed drilling information, please go to Alto Ventures website. January 10, 2008 News Release Commander Sells Despinassy Interest To JV Partner May 31, 2006 News Release Further High Grade Results
Mar. 29, 2006 News Release New High Grade Gold Zone Discovered SEE MAP>>>
In the early 1970's, SOQUEM drill explored the base metal potential of the property and intersected a number of narrow gold veins. During the 1980's, UMEX discovered several more narrow intersections of gold mineralization in a number of shallow holes. Both drill programs only tested the upper portion of the wide deformation zone. (Main Zone 1)
In early 2004, Cameco entered into an agreement with Alto Ventures to sell their 70% interest. Commander retains its 30% interest in the Joint Venture and through an agreement with Alto Ventures has agreed to waive its right of first refusal to acquire Cameco's 70% interest in consideration of the following:
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