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Cours Or & Argent
Adventure Gold Provides Update on its Exploration Activities: Detour Quebec, Casa-Cameron and Val-d'Or East Projects
Published : June 11, 2013
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Mots clés associés :   Canada | Report |

MONTREAL, QUEBEC--(Marketwired - June 11, 2013) - Adventure Gold Inc. (News - Market indicators) (the "Company") is pleased to report new results of the on-going 2013 exploration program on its 100%-owned Detour Quebec and Casa-Cameron projects situated respectively along the Detour Gold Trend ("DGT") and the Casa Berardi-Cameron Gold Trend ("CBCGT") in Abitibi, Quebec. The Company also wishes to provide an update on its recent activities on the wholly-owned Val-d'Or East project which encompasses the Pascalis-Colombiere property where an initial resource calculation outlined 9.13 Mt at 2.63 g/t containing 770,000 gold ounces in the inferred resource category (SGS Canada Inc., NI 43-101 Technical Report Mineral Resource Val-d'Or East Property filed on Jan. 4th, 2013).

The latest exploration work has consisted of helicopter-borne and ground geophysical surveys on the best areas previously targeted on the Detour Quebec and Casa-Cameron projects. A total of 618 line-kilometers of helicopter-borne electromagnetic VTEM-type survey ("VTEM"), 50 line-kilometers of Induced Polarization ("IP") survey and 265 line-kilometres of detailed ground magnetic survey have been completed on both projects since the beginning of 2013 (see Figure 1 and 2 on AGE's website). This work has led to the identification of many new promising gold drilling targets within the favorable geological environment outlined by Adventure Gold's previous exploration work and along strike of the proven gold bearing deformation zones. Results of the new IP and VTEM surveys are presented on Figure 3 to 7 on AGE's website. Also of interest, Detour Gold Corp. continues to explore aggressively its large land holdings with an on-going 25,000-meter exploration drilling program as they have recognized that the Lower Detour Deformation Zone ("LDDZ") has many similarities with the Sunday Lake Deformation Zone situated 5 km to the North which host the Detour Lake Mine. As seen on Figure 1, the LDDZ major structural break is mainly controlled by Adventure Gold on the Quebec side and remains largely underexplored. Additional work will be completed during this summer including a 75-kilometre long ground magnetic survey on properties along the Detour Gold Trend as well as follow-up field work and drilling target generation on the Casa-Cameron project. All properties for both projects are in good standing and the Company does not currently intend to let any of the mining claims covering 600km² of very prospective Abitibi geology lapse. 

Additionally, Adventure Gold is currently evaluating different scenarios regarding its wholly-owned Val-d'Or East flagship project (Pascalis-Colombiere property). Based on the 770,000 gold ounces resource estimate, which includes an in-pit inferred resource of 330,000 ounces of gold at a grade of 2.4 g/t gold, Adventure Gold has proceeded to an internal economic model calculation. Results of the model appear to be positive for the outlined in-pit resource and are helping the management of the Company to elect which exploration and development strategies are the most favorable to fully deliver on the value of the asset. To date, it is premature to conclude which scenario is optimal however, in most scenarios, additional drilling within and around the projected pit to firm up and potentially increase the current gold resource is scheduled for this fall. Considering the strategic location and the geometry of the New Beliveau Gold Deposit, where most of the in-pit resource is outlined, the management of the Company believes that this gold resource is well positioned to be a low-cost producing gold mine in the near future.

"Adventure Gold is a well-established mining exploration company with a balance sheet capable of moving its projects forward. We explore in a favorable mining environment, we have valuable mining assets and we recently made a significant gold discovery. Coupled with our strong management team and very supportive major shareholders base, we strongly believe that the ingredients are in place to reward our shareholders" stated Marco Gagnon, President and CEO of Adventure Gold Inc.

For more information about the Company's activities and expenditures, please look at our financial statement and management's discussion and analysis available on our website. Documents for the quarter ended April 31th will be filed on the last week of this month.

For more information on the Detour Quebec and Casa-Cameron properties new results, please see Figure 1 to 7 and visit our website at www.adventure-gold.com:

http://www.adventure-gold.com/common/documents/Fig1_Detour_allAGEProp_Travaux2013_4juin2013.pdf

http://www.adventure-gold.com/common/documents/Fig2_Casa_allAGEProp_Travaux2013_4juin2013.pdf

http://www.adventure-gold.com/common/documents/Fig3_Massicotte_IP_4juin2013.pdf

http://www.adventure-gold.com/common/documents/Fig4_Manthet_Martigny_VTEM_4juin2013.pdf

http://www.adventure-gold.com/common/documents/Fig5_Nantel_IP_4juin2013.pdf

http://www.adventure-gold.com/common/documents/Fig6_Casagosic_IP_4juin2013.pdf

http://www.adventure-gold.com/common/documents/Fig7_VezzaExt_BellVezza_IP_4juin2013.pdf

Jules Riopel, P.Geo., Vice-President Exploration and Acquisitions, acting as the Company's "Qualified Person" as defined by NI 43-101, has reviewed this press release and supervised the exploration program on the projects.

Profile

Adventure Gold Inc. is a mineral exploration company focused on discovering and developing high-quality gold deposits in the Abitibi region located in eastern Canada - one of the richest gold mining areas in the world. Adventure Gold has become, in a few years, an important player in the mineral exploration industry with one of the best portfolios of exploration properties along the main gold-bearing structures of the Abitibi Greenstone Belt. The Company is exploring mainly close to gold mines where mining production infrastructure is already in place, which distinguishes it from several other exploration companies. Adventure Gold's exploration team consists of mining professionals having worked previously for well-established producing companies, who understand industry challenges. The Company owns 100% of the rights on its three main projects namely: Val-d'Or East, Detour Quebec, and Casa-Cameron. The Val-d'Or East flagship project encompasses the 100%-owned Pascalis-Colombiere property where Cambior Inc. (now IAMGOLD) produced gold between 1989 and 1993 at the Beliveau Mine. Close to the former mine, Adventure Gold recently discovered a significant new gold system containing 770,000 gold ounces at 2.63 g/t in the inferred resource category (SGS Canada Inc., NI 43-101 Technical Report Mineral Resource Val-d'Or East Property filed on Jan. 4th, 2013) and is actively working on its development. As of today, the Company owns more than $2.3M in cash and tax credits. With 68M shares issued and outstanding (72.7M shares on a fully-diluted basis) and 10% owned by the management, Adventure Gold is well-positioned to benefit its shareholders.

Twitter: http://twitter.com/Adventure_AGE

LinkedIn: http://www.linkedin.com/company/2253943

The foregoing information may contain forward-looking statements and events relating to the future performance of the Company. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties are detailed from time to time in the Company's filings with the appropriate regulatory authorities. We seek safe harbour.

Neither 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.

Marco Gagnon
President & CEO
450.743.5527
marco@adventure-gold.com
or
Jules Riopel
Vice-President Exploration and Acquisitions
819.797.9770
jules@adventure-gold.com
www.adventure-gold.com
Données et statistiques pour les pays mentionnés : Canada | Tous
Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous

Adventure Gold

EXPLORATEUR
CODE : AGE.V
ISIN : CA00766R1047
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Adventure Gold est une société d’exploration minière d'or basée au Canada.

Adventure Gold détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont MEUNIER-144, PASCALIS-COLOMBIÈRE, DUBUISSON PROPERTY, LAPASKA et BEAUFOR WEST AND NORTH au Canada.

Adventure Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 25,7 millions CA$ (19,8 millions US$, 17,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 14 novembre 2008 à 0,05 CA$, et son plus haut niveau récent le 18 février 2011 à 0,80 CA$.

Adventure Gold possède 80 200 000 actions en circulation.

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09/12/2010Appoints Robert Boisjoli as New CFO and Amends its Stock Opt...
Projets de Adventure Gold
27/01/2016Adventure Gold and SOQUEM commence a first drilling program ...
30/06/2015Adventure Gold completes mechanical stripping and drone surv...
19/01/2012RECENT ANALYST COVERAGE - Speculative Buy with a one-year sh...
13/09/2011DISCOVERS BELIVEAU GOLD MINE EXTENSIONS TO 900 METRES DEPTH
26/02/2009(Beaufor West And North)Adventure Gold Discovers New Gold Structure
Communiqués de Presse de Adventure Gold
04/07/2016Probe Metals Completes Acquisition of Adventure Gold; Closes...
04/07/2016Shareholders of Adventure Gold and Superior Court of Québec ...
13/06/2016TSX Venture Exchange Daily Bulletins
10/06/2016Probe Metals Completes Acquisition of Adventure Gold; Closes...
10/06/2016Probe Metals Completes Acquisition of Adventure Gold; Closes...
06/06/2016Shareholders of Adventure Gold and Superior Court of Quebec ...
06/06/2016Shareholders of Adventure Gold and Superior Court of Quebec ...
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06/06/2016/C O R R E C T I O N from Source -- Investment Industry Regu...
11/05/2016Adventure Gold files information circular seeking shareholde...
11/05/2016Adventure Gold Files Information Circular Seeking Shareholde...
07/04/2016Probe Metals and Adventure Gold to combine creating a well-f...
07/04/2016IIROC Trading Resumption - PRB; AGE
07/04/2016Probe Metals and Adventure Gold to Combine Creating a Well-F...
07/04/2016IIROC Trading Halt - AGE
04/02/2016Adventure Gold Commences a New Drilling Program on Its 100%-...
27/01/2016Adventure Gold and SOQUEM Commence a First Drilling Program ...
24/11/2015Adventure Gold closes $725,025 private placement.
24/11/2015Adventure Gold Closes $725,025 Private Placement
07/10/2015Adventure Gold Options a Part of Its Detour Quebec Project t...
19/08/2015Adventure Gold Cuts 10.6 g/t Au Over 11.5 Metres in Channel ...
29/06/2015Adventure Gold Completes Mechanical Stripping and Drone Surv...
25/03/2015Adventure Gold commences drill testing of its Detour Quebec ...
19/03/2015Adventure Gold Announces the Grant of Options
19/03/2015Adventure Gold announces the grant of options.
11/06/2013Provides Update on its Exploration Activities: Detour Quebec...
07/01/2013NI 43-101 Technical Report for The Val-d'Or East Gold Projec...
14/11/2012Defines Quality Drill Targets and Starts New Geophysical Sur...
20/09/2012Continues to Extend the Beliveau West Gold Zones and Drills ...
13/09/2012Doubles its Land Position in the Val-D'Or East Area, Abitibi...
19/04/2012DOUBLES ITS LANDS POSITION ALONG 80 KM OF THE DETOUR GOLD T...
01/12/2011(Lapaska)AND MAZORRO RESOURCES INTERSECT 60.6 METRES OF 3.1 G/T AU AT...
23/06/2011Announces Option Agreement With Mazorro Resources for its Da...
16/06/2011(Lapaska)and Mazorro Resources Report 1.2 g/t Au Over 156.9 Metres on...
31/05/2011Continues to Make Significant Gold Discoveries at the Past P...
19/04/2011(AGE:TSX-V) - Recent interview in the Gold Report
07/04/2011Intersects 12.9 g/t Au Over 8 Metres at Pascalis Colombiere ...
03/03/2011Intersects 5.4 g/t Au Over 20 Metres on Its Pascalis Colombi...
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