• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Adventure Gold Drills 9.7 G/T Au Over 2.2 Metres on Lapaska

Posted on: Wednesday, 24 September 2008, 12:00 CDT

Adventure Gold Inc. (TSX VENTURE: AGE)(the "Company") announces successful gold drill results on its 100%-owned Lapaska gold exploration property, located in the eastern part of the Val d'Or mining camp in Quebec. Four holes, drilled last May, have intersected significant gold values in the Lapaska Central Zone ("LC Zone"). The best drill intersections include:

- Hole LP-08-01 : 9.7 g/t Au over 2.2 m, included in a cut of 1.0 g/t Au over 48.3 m

- Hole LP-08-02 : 13.2 g/t Au over 1.5 m, included in a cut of 1.0 g/t Au over 50.2 m

- Hole LP-08-03 : 12.1 g/t Au over 0.5 m, included in a cut of 1.5 g/t Au over 9.4 m

- Hole LP-08-05 : 9.3 g/t Au over 0.7 m and 5.9 g/t Au over 1.1 m

The property is favourably situated between the past producing gold deposit Sigma II to the east (150,000 oz at 2.5 g/t Au: Placer Dome, 1997) and the Simkar gold deposit to the west (43-101 inferred resource of 105,000 oz at 5.3 g/t Au: Megastar - MDV: TSX-V, September 2008), along the prolific Cadillac Larder Lake Gold Break, a regionally extensive structure that is spatially related to numerous gold mines.

"These are notable gold intersections at Lapaska. This confirms the high-quality gold grades and thicknesses historically reported in the LC Zone and will assist us in the completion of the 43-101 resource calculation. The resource calculation process has already been initiated by InnovExplo, and should be completed by the end of the year at which point, a follow-up exploration program will be proposed," remarked Marco Gagnon, President and CEO of Adventure Gold Inc.

Five drill-holes, for a total of 1,640m, were successfully completed during the last drill campaign. All drill holes were designed to test the LC Zone over 450 metres. The gold mineralization in the LC Zone is related to a decimetric veins-hosted network of quartz-carbonate-tourmaline-(pyrite) mainly within a massive silicified dacite. The surface plan of the drilling in the LC Zone can be found on our website at www.adventure-gold.com. Detailed drill results are presented in Table 1.

Quality control

Assay samples are taken from the NQ core and sawed in half; with one-half sent to a commercial laboratory and other half retained for future reference. A strict QA/QC program is applied to all drill core samples, which includes mineralized standards, blank and field duplicates for each batch of samples. Analyses were completed by ALS Chemex of Val d'Or, QC. The announced gold intersections are along the hole.

Fieldwork on the Lapaska property was completed by InnovExplo inc., an independent exploration consulting firm of Val d'Or, QC. This press release was prepared under the supervision of Marco Gagnon, P. Geo. and President & CEO of Adventure Gold, who acts as the Company's Qualified Person, as defined by National Instrument 43-101.

 Table 1: Lapaska Drill Results -------------------------------------------------------------------------- -------------------------------------------------------------------------- Drill Hole    UTM      UTM  Azimuth  Dip Length   From     To Thick     Au              East    North                   (m)    (m)    (m)   (m)  (g/t) -------------------------------------------------------------------------- LP-08-01   311879  5326033       90  -65  268.5 142.10 142.60  0.50   1.48                                                 154.75 203.00 48.25   1.02                                            incl.163.50 169.20  5.70   4.52                                        and incl.163.50 165.70  2.20   9.70                                                 227.00 227.75  0.75  24.10                                                 254.20 254.80  0.60   3.55 LP-08-02   312055  5325933      335  -45  361.5 121.05 172.25 51.20   1.04                                            incl.164.00 168.25  4.25   4.66                                        and incl.166.20 167.70  1.50  13.19                                                 228.55 229.05  0.50   4.11 LP-08-03   312070  5325901      335  -57  357.0 189.70 190.20  0.50   1.23                                                 192.95 214.25 21.30   0.91                                            incl.197.25 197.75  0.50   9.37                                                 225.20 225.70  0.50   3.14                                                 235.20 235.70  0.50   5.41                                                 240.60 250.00  9.40   1.46                                            incl.240.60 241.10  0.50   9.52                                            incl.245.85 246.35  0.50  12.10 LP-08-04   311960  5325851      335  -60  395.0                        nil LP-08-05   312336  5325970      270  -50  258.0  84.50  85.20  0.70   9.28                                                 126.60 127.65  1.05   1.38                                                 130.35 130.85  0.50   1.55                                                 132.65 133.30  0.65   1.12                                                 172.75 173.25  0.50   2.99                                                 192.25 192.85  0.60   2.91                                                 208.70 209.70  1.00   1.96                                                 2242.5 248.30  5.80   1.65                                            incl.243.90 245.00  1.10   5.93 -------------------------------------------------------------------------- 

Profile

Adventure Gold Inc. is a mining exploration company focused on discovering high quality gold deposits in the Abitibi greenstone belt located in north-west Quebec and north-east Ontario - one of the richest gold deposit areas in the world. Adventure Gold holds quality assets in the Val d'Or, Quebec and Timmins, Ontario areas and is lead by highly motivated management and technical teams with extensive exploration and mine production experience. The Company will be very active on its Val d'Or mining properties during the fall 2008 with $1M dedicated exploration funds.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

 Contacts: Adventure Gold Inc. Maureen Doherty Manager Corporate Communications 613-745-4041 maureen@adventure-gold.com  Adventure Gold Inc. Marco Gagnon President & CEO 450-743-5527 marco@adventure-gold.comwww.adventure-gold.com

SOURCE: Adventure Gold Inc.

Source: MARKET WIRE

More News in this Category