Adventure Gold Inc.

Adventure Gold Inc.

June 09, 2009 09:00 ET

Adventure Gold Discovers Significant Gold Zones by Drilling on Pascalis-Colombiere, East of Val d'Or: 9.9 g/t Au Over 2.4 Meters

MONTREAL, QUEBEC--(Marketwire - June 9, 2009) - Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company") announces successful drill results on its 100%-owned Pascalis-Colombiere gold exploration property, located in the eastern part of the highly productive Val d'Or mining camp in Abitibi, Quebec. The property is adjacent to the producing Beaufor Gold Mine, operated jointly by Richmont Mines and Louvem Mines. Six holes totalling 2010 meters which were drilled last May, have intersected significant gold values in three distinct areas. Near surface drilling, 1.2 kilometers north-west of the former producer Lucien C. Beliveau Mine (167,000 ounces of gold produced, Cambior 1993), identified an important gold system at a depth of up to 150 meters and a thickness of 120 meters.

A surface plan (Figure 1) of the recently performed drilling can be found on our website at Detailed drill results are presented in Table 1. The best drill intersections include:

- Hole PC-09-05 : 9.9 g/t Au over 2.4 m and 5.5 g/t Au over 3.8 m, included in a cut of 3.2 g/t Au over 14.2 m at a depth of 125 meters and 2.2 g/t Au over 11.5 m at a depth of 145 meters;

- Hole PC-09-04 : 6.1 g/t Au over 2.6 m, included in a cut of 1.7 g/t Au over 15.2 m at a depth of 8 meters, 1.0 g/t Au over 17.2 m at a depth of 40 meters and 1.0 g/t Au over 20.0 m at a depth of 90 meters;

"The results of our first stage of exploration on Pascalis-Colombiere confirm that this property has an excellent discovery potential. Based on these encouraging new results, we plan to carry out additional drilling in order to define the continuity of the gold bearing system in the east, the west and under PC-09-05 drill hole in the near future. Moreover, drilling PC-09-04 confirms the presence of gold bearing zones of strong amplitudes close to the surface, which could be recovered by open pit mining. This is very encouraging for future drilling", stated Jules Riopel, Vice-President Exploration and Acquisitions of Adventure Gold Inc.


Drill holes PC-09-01 and PC-09-02 tested the northern and southern extensions of the dykes system which hosts the mineralization of the L.C. Beliveau mine close to the contact with recently interpreted east-north-east shear zones and successfully identified new gold zones. The first gold bearing zone intersected by the hole PC-09-01 (6.4 g/t Au over 1.0 m, included in a cut of 1.4 g/t Au over 8.0 m at a depth of 115 meters), which is located at 800 meters to the south of L.C. Beliveau, is associated with an IP anomaly which can be followed for more than 800 meters. This zone consists of quartz, carbonates, fuschite and pyrite veins hosted in a diorite strongly deformed and altered in sericite. The drill hole PC-09-02, located 450 meters north-west of L.C. Beliveau, cut new gold bearing zones returning 8.3 g/t Au over 1.0 m and 8.8 g/t Au over 0.7 m between depths of 183 and 195 meters. These gold bearing zones are associated with quartz-tourmaline veins hosted in large east-north-east shear zones. These new gold bearing zones remain open laterally and at depth.

Following a new geological model of the Highway showing, drill holes PC-09-03A to PC-09-06 (Figure 2 and 3) successfully tested, in-depth and towards the north, the interpreted gold bearing system extensions. This system has a thickness of more than 120 meters and it is characterized by zones of alteration of silica and carbonates which are generally strongly pyritized and associated with quartz-tourmaline vein networks. The mineralized system consists of several gold bearing zones strongly dipping towards the south with thicknesses of over 20 meters. The gold bearing system remains open laterally and at depth.

Table 1: Significant drill results from the Pascalis-Colombiere property

Drill UTM UTM Azimuth Dip Length From length(i) Au
hole East North (m) (m) (m) (g/t)
PC-09-01 313020 5334209 56 -52 339 161.0 8.0 1.4
Incl. 162.0 1.0 6.4

PC-09-02 312446 5335242 360 -45 417 310.7 2.4 3.6
Incl. 311.4 1.0 8.3
318.4 1.6 1.8
335.1 3.3 2.1
Incl. 336.9 0.7 8.8

PC-09-3A 311971 5335737 360 -62 411 119.8 0.9 7.0
165.0 6.9 0.7
189.0 8.0 1.2
239.0 0.6 1.9
308.8 1.7 1.2
381.5 4.5 1.5

PC-09-04 311997 5335843 360 -50 246 7.7 15.2 1.7
Incl. 9.7 5.9 3.4
Incl. 13.0 2.6 6.1
48.1 17.2 1.0
108.7 20.3 1.0
Incl. 108.7 8.3 1.9
242.0 2.8 0.9
Incl. 242.8 1.0 1.9

PC-09-05 311989 5335736 360 -57 331 135.9 14.2 3.2
Incl. 138.8 3.8 5.5
Incl. 147.0 3.1 7.6
Incl. 147.7 2.4 9.9
162.4 11.5 2.2
Incl. 169.0 3.0 3.6
220.5 1.0 1.8
230.8 0.9 1.3

PC-09-06 312059 5335933 360 -47 230 166.8 2.2 0.9
197.5 3.2 0.8
Incl. 199.3 1.5 1.8
(i) The announced gold intersections are along the hole.


Three drill holes totalling 681 meters were drilled on the Senore property in March 2009. The drill program was designed to explore to the east and in-depth on Zone 16, a new discovery returning 8.7 g/t Au over 1.2 meters, at less than 20 meters in depth (press release dated February 26, 2009). Quartz-tourmaline structures and veins were intersected without returning economic gold bearing intersections. The detailed results of this drilling program are presented in Table 2.

Table 2: Significant drill results from Senore property

Drill UTM UTM Azimuth Dip Length From length(i) Au
hole East North (m) (m) (m) (g/t)
SE-08-17 309726 5339046 02 -53 261 105.0 1.0 1.1
181.6 1.0 2.5

SE-08-18 309767 5339098 02 -53 189 45.3 1.3 0.2

SE-08-19 310031 5339472 25 -52 231 NSV
(i) The announced gold intersections are along the hole.

Quality control

Jules Riopel P.Geo. Vice-President Exploration and Acquisitions, who acts as the Company's "Qualified Person" as defined by NI 43-101, has reviewed this press release and supervised the drill program. Assay samples are taken from the NQ core and sawed in half; with one-half sent to Techni Lab S.G.B. Abitibi Inc., QC, a commercial laboratory for analysis and the other half retained for future reference. A strict QA/QC program is applied to all drill core samples; which includes mineralized standards and blank samples for each batch of 25 samples. Samples are fire-assayed with an atomic absorption finish. Repeats are carried out by fire-assay followed by gravimetry on each sample containing 3 g/t Au or more. In addition, significant gold bearing zones were sent to ALS Chemex of Val d'Or, QC, a commercial laboratory, for re-analysis.


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 a determined management and technical team with extensive exploration and mine production experience. The Company will be active in 2009 with $1,150,000 slated for exploration in the Val-d'Or and Timmins regions and will continue to aggressively seek new properties in compliance with the corporate strategy.

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.

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