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http://www.marketwire.com/press-release/adventure-gold-mazor… December 01, 2011 08:30 ET Adventure Gold and Mazorro Resources Intersect 60.6 Metres of 3.1 g/t Au at the Lapaska Bulk Tonnage Gold Property MONTREAL, QUEBEC--(Marketwire - Dec. 1, 2011) - Adventure Gold (TSX VENTURE:AGE) ("AGE", the "Company") and Mazorro Resources Inc. (TSX VENTURE:MZO)(FRANKFURT:JAM) ("MZO") are pleased to announce initial assay results from the Phase 2 surface diamond drilling program on the Lapaska Gold Property (the "Property") located in the prolific Abitibi Greenstone Belt, 20 km east of Val-d'Or, Quebec. The Property, totaling 352 hectares, is wholly-owned by AGE and under option to MZO (see press release dated December 15, 2010). The initial Phase 2 results come from four (4) holes drilled in the Lapaska Central zone ("LC Zone") with the best intercepts, in core length, yielding: * Hole LP-11-27: 3.1 g/t Au over 60.6 metres, including a section grading 7.4 g/t Au over 11.8 metres at a depth of 70.7 metres; * Hole LP-11-25: 1.2 g/t Au over 43.2 metres, including a section grading 4.8 g/t Au over 5.5 metres at a depth of 35.1 metres; * Hole LP-11-24: 1.0 g/t Au over 65.6 metres, including a section grading 8.8 g/t Au over 4.4 metres at depth of 271.8 metres within a gold halo of 0.6 g/t Au over 144 metres. The second phase drill program, totaling approximately 4,000 metres in ten (10) holes, is designed to test the extensions of the LC Zone laterally and to the North, the West Zone and several new targets. The drilling program is still in progress and should be completed by mid December. Marco Gagnon, President and CEO of Adventure Gold Inc., stated: "We are extremely pleased with these initial results which include near-surface high-grade gold intercepts over significant intervals. The gold grades are the highest encountered in all drilling to date at the LC Zone. Additional drilling is in progress to evaluate the area. We are continuing to improve our understanding of the LC Zone and our short-term priority is still to define the near-surface extensions of the gold deposit. LC Zone is still open to the East, the Northwest and locally to the North." Gold mineralization intersected in Phase 2 drill holes is typical of the LC Zone geological environment (see previous press release on Lapaska drilling). In drill core, visible gold was locally observed but generally the mineralization consists of disseminated pyrite in quartz-tourmaline veins and in altered host rocks. Table 1 shows all the significant results from the first four drill holes. A surface map view (Figure 1) shows the location of drill holes at the property and at the LC Zone scales. Figure 2 shows the location of the best new results on the longitudinal section. Holes 25 and 27, drilled north of the longitudinal section, did not fully crosscut all of the gold mineralization as they finished in a historical underground ramp. Two subsequent Phase 2 holes will be completed shortly to evaluate this area in detail. The Lapaska Property The Property is favourably located between the past producing gold deposit Sigma II to the east (161,300 ounces at 2.7 g/t Au: MRNF - SIGEOM Database) which was operated by open pit method and the Simkar gold deposit to the west (NI 43-101 inferred resource of 105,000 oz at 5.3 g/t Au: Megastar - MDV: TSX-V, September 2008). The Property contains three significant gold-bearing zones: the Lapaska Central, West and Lourmet zones and is also strategically located along the prolific Cadillac Larder Lake Gold Break, a regionally extensive structure that is spatially related to numerous gold mines. |
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| aus der Diskussion: | Adventure Gold: ideal set-up for a potential breakout |
| Autor (Datum des Eintrages): | fuchsdennis (01.12.11 14:57:09) |
| Beitrag: | 23 von 31 (ID:42425660) |
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