Adventure Gold Inc. announce that the recent drill program on the Senore and Beaufor North properties has lead to the discovery of significant gold mineralization and the identification of a continuous gold system over more than 600 metres laterally and locally up to 350 metres in depth. The best drill intersections returned values of 8.6 g/t Au over 1.8 metres (drill hole SE-08-11) and 11.1 g/t Au over 0.9 metres (drill hole SE-08-12). The 100%-owned Beaufor North and Senore contiguous properties are located in the eastern region of the Val-d’Or mining camp in Quebec and are adjacent to the producing Beaufor Gold Mine operated jointly by Richmont Mines and Louvem Mines.
“The results from this first drill program on Senore confirm that this property has great potential for discovery just like the Beaufor North property, where a discovery was made in 2008. The intersected gold veins are typical of the gold veins which are currently being mined at the Beaufor Mine, located approximately 1 kilometre south of the Resenor deposit. The discovery of such continuous veins, which can be found over many hundreds of metres, is very encouraging,” stated Marco Gagnon, President & CEO of Adventure Gold.
The results of the first six drill holes, for a total of 2,573 metres, are from the drill program completed last fall on the Beaufor North and Senore properties. Results from four drill holes totalling 1,999 metres are still pending. Additional drill holes will be required to verify the extensions of this gold-bearing system and will be proposed upon the completion of the analysis of all drill results. The first six drill holes were designed to test the extensions as well as the depth of the Resenor gold deposit (historical resources non NI 43-101 of 181 400 tonnes of 8.6 g/t Au: Assessment work, MRNF du Quebec #GM-41895) and the extensions to the west and at depth of the gold structures which returned values of 35.8 g/t Au over 0.5m and 6.6 g/t Au over 0.9 m intersected in the discovery hole BN-08-01 (see press release dated: Sept. 3, 2008). Table 1, located below, illustrates the technical parameters of the drill holes and their results. A figure identifying the drill hole locations and mineralization intersections can be found on the Company’s website at www.adventure-gold.com.