Threegold Receives Preliminary Report and Signs an Options the
Mont-de-l'Aigle Property
VAL-D'OR, QUEBEC - Jan. 17, 2007 -
Threegold Resources Inc. (TSX-V: THG) is pleased to inform its
shareholders that it has received a preliminary report on its summer and fall
fieldwork carried out on its Lemieux Dome Project in the Gaspe, Quebec.
Threegold would also like to announce that it has signed an agreement with
Ressources Appalaches for the acquisition of a 50% interest in the
Mont-de-l'Aigle Property adjacent to Threegold's Lemieux Dome Project.
Fieldwork in 2006 was under the supervision of Mr.
Robert Tremblay, an independent geologist, and consisted of visiting and
sampling known showings in order to determine the various styles of base and
precious styles mineralization present on the project area. Based on these
visits and an understanding of the mineralization, 12 trenches were excavated
to test extensions to the known mineralization and locate new zones of
mineralization. All trenches were sampled in a systematic manner and a total of
133 grab samples were collected. All 133 samples were sent for precious and
base metal assays at Laboratoire Expert of Rouyn Noranda, Quebec. Results are
awaited.
To obtain complete land coverage of the Lemieux Dome,
Threegold has signed an agreement with Ressources Appalaches for the
Mont-de-l'Aigle Property. Under the terms of the agreement, Threegold Resources
is required to incur 2M$ in exploration expenditures within 5 years in order to
earn a 50% interest in the property. The Mont-de-l'Aigle Property covers 225
mineral claims equating to 12,356 hectares of rocks complementary to the
Lemieux Dome Project. Appalaches Ressources carried over 2M$ in exploration
expenditures on the project resulting in the discovery of numerous showings;
Hupe, 12,3% Cu, Duchesne, 6,3% Cu, Turcotte, 4,8% Cu as well as Pardiac, 8,8%
Cu. With this most recent agreement, Threegold Resources, now, has access to
the entire geological structure known as the Lemieux Dome and where as many as
7 historical zinc-lead operations are known to have existed since 1909.
The Lemieux Dome Project is centered on a
Siluro-Devonian circular structure resulting from the emplacement of an
underlying pluton causing widespread epithermal-type mineralization. The
property is crosscut by numerous fault systems along which the copper-gold
mineralization tends to follow the north-south structures while zinc-lead is be
preferentially emplaced along southeast-northwest structures.
The company is also expecting the final results from
the MMI soil surveys carried out on the Adanac and Frotet-Robert Properties
during the summer of 2006. The Adanac Property is a 100% owned gold project
located outside the town of Rouyn-Noranda whereas Threegold has an option to acquire
a 100% on the Frotet-Robert host to volcanogenic precious and base metal
occurences.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
CONTACT INFORMATION:
Threegold Resources Inc.
M. Antoine Fournier, geo.
President
819-825-7090
Fax: 819-825-7545
Threegold Resources Inc.
M. Daniel Duval
Chairman of Board
819-825-7090
Fax: 819-825-7545
Renmark Financial
Communications Inc.
Sylvain Laberge: slaberge@renmarkfinancial.com
Barbara Komorowski: bkomorowski@renmarkfinancial.com
Tel: (514) 939-3989
Fax: (514) 939-3717