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11/30/2011 these past few weeks, irregarless of news release.... link to full article: http://www.theaureport.com/pub/na/11836 Adventure Gold Inc. (AGE:TSX.V) seems to be a good example of a company that has issued some very good news on several fronts, but its share price has really not responded. BO: A couple of weeks ago Adventure Gold put out some early results on its Meunier-144 property in Ontario that is a joint venture with Lake Shore Gold Corp. (LSG:TSX; LSG:NYSE.A) and RT Minerals Corp. (RTM: TSX.V). Early drilling has been very encouraging. The nature of the rock has been exactly what they were looking for. There should be further results coming in the next few weeks from that property. The hole is about 2.4 kilometers deep and has taken roughly a year to drill. There have also been more results out of Adventure Gold's Pascalis-Colombiere property in Québec, which was the old Béliveau mine operated by Cambior Inc. That mine had produced roughly 170,000 oz over a four-year period in the early '90s and then was closed due to low gold prices. When IAMGOLD Corp. (IMG:TSX; IAG:NYSE) bought Cambior, it was no longer a core asset and it gave Adventure Gold the opportunity to pick up the property. Adventure Gold subsequently initiated a couple of drill programs around the mine that have hit some very substantial results at surface just to the northwest of the historic mine, including long intercepts from surface. We're really quite encouraged by what that means for the company going forward and for that particular property. TGR: One of the intercepts you're talking about was about 65 meters of 2.7 grams per ton. That's still open at depth. It could be a bulk tonnage target. It's in Val-d'Or, so there are established mines and a lot of infrastructure in the area. Why wouldn't a result like that push the share price higher? BO: Adventure Gold is not alone. Many companies have put out very positive results and have seen very little effect on their share price. The management of Adventure is topnotch and is not discouraged. It really is a matter of them continuing to do their work. They're onto something very exciting and they're going to continue to prove it up. TGR: Another development in that area recently is that Agnico-Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) shut down its underground bulk tonnage Goldex mine due to water problems. Is that likely to have any impact on Adventure Gold's various properties? BO: Agnico-Eagle and Adventure do have a joint venture on the Dubuisson Property in Val-d'Or. A few weeks ago there were some releases on the preliminary drill program. That will be followed up with a secondary drill program into next year. Agnico has to reassess its situation with Goldex. It has shown itself to be an acquisitive company with a couple of recent transactions. Going forward, it may continue to go the acquisition route to make up for the shortfall from Goldex. |
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| aus der Diskussion: | Adventure Gold: ideal set-up for a potential breakout |
| Autor (Datum des Eintrages): | DerRohstoffbulle (18.01.12 23:26:02) |
| Beitrag: | 28 von 31 (ID:42613443) |
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