Ressources Appalaches inc.
TSX VENTURE : APP

Ressources Appalaches inc.

June 05, 2008 15:25 ET

Ressources Appalaches : New Developments at the Mont-De-l'Aigle Property

RIMOUSKI, QUEBEC--(Marketwire - June 5, 2008) - Ressources Appalaches (TSX VENTURE:APP) is pleased to announce the resumption of work on its Mont-de-l'Aigle property in the Gaspe region by Threegold (TSX VENTURE:THG).

In January 2007, Appalaches signed an agreement with Threegold for additional work on its Mont-de-l'Aigle property. Threegold obtained an option to acquire a 50% share in the property by investing $2,000,000 in exploration work over a period of five years, including a commitment to spend $500,000 over the first two years.

In a release dated June 5 2008, Threegold states that the Company is currently drawing up a program for the Lemieux Dome including about 10,000 metres of drilling and miscellaneous reconnaissance work, most of which will specifically target the northern portions of the property optioned from Ressources Appalaches, with the objective of securing a 50% interest. In addition, three copper showings on the Appalaches option (Hatie, Ruisseau Anomalie, and Eagle-Gaspesie) will also be investigated this year. The Company has put together an exploration team which, with the support of specialized consultants, will ensure the effective conduct of the field work; Threegold plans to invest $1.2M on the Lemieux Dome Project during 2008.

Previous work by Appalaches has indicated the potential for discovery of an IOCG (iron-oxide copper gold)-type" copper deposit in this part of the Dome.

The TSX Venture Stock Exchange disclaims any responsibility for the veracity and accuracy of this press release.

Contact Information