The Detour Quebec project includes nine properties, 100%-owned by the Company, totalling 747 claims and covering a surface area of 40,397 hectares or 404 km2. The Detour Quebec properties are strategically located along the DGT over 80 km strike length and encompass three major proven gold structures, namely the Sunday Lake, Massicotte, and Lower Detour/Grasset deformation zones. The DGT hosts the Detour Lake gold deposit with NI 43-101 proven and probable reserves of 15.6 M ounces of gold (from global measured and indicated resources of 23.3 M ounces and inferred resources of 5.8 M ounces: see Detour Gold Corporation press release dated January 25, 2012). Adventure Gold's Detour Quebec properties are adjacent to Detour Gold Corporation properties located on the Ontario border.
For more information on the Detour Quebec properties, please see Figure 1 and visit our website at www.adventure-gold.com:
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 Detour Quebec properties.
In other news
The Company also announces that the Board of Directors has approved the grant of incentive stock options to officers, directors, consultants, and employees of Adventure Gold, entitling the holders to acquire an aggregate of 825,000 common shares at a price of $0.29 per share for a period of ten years. These incentive stock options are granted in accordance with the Company's stock option plan.
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 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 and is actively working on its development. As disclosed in its latest financial statements, the Company is well financed to apply its business plan.
ADVENTURE GOLD INVITES YOU TO VISIT US AT THE PDAC MARCH 3 & 4, 2013 - BOOTH # 2207A (SUN & MON)
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.
Adventure Gold Inc.
President & CEO
Adventure Gold Inc.
Vice-President Exploration and Acquisitions
Most Popular Stories
- American Airlines, US Airways Complete Merger
- ACA Delay Stresses Small Businesses
- Questions Remain in Jenni Rivera's Death
- Unemployed Wait as Lawmakers Debate
- Harley Issues Motorcycle Recall
- General Dynamics Plans 200 New Jobs in N.M.
- Auto Dealer Builds Big Solar Project
- Entrepreneurs' Next Creation May Be New Laws
- Saab Gets Back into the Game; U.S. Auto Sales Soar
- Dell Offers Undisclosed Number of Employee Buyouts