Adventure Gold and Mazorro Resources Intersect 7.7 g/t Au Over 12.1 Metres at Shallow Depth on Lapaska Gold Property
18 Avril 2012 - 2:30PM
Marketwired Canada
Adventure Gold inc. (TSX VENTURE:AGE) ("AGE", the "Company") and Mazorro
Resources inc. (TSX VENTURE:MZO)(FRANKFURT:JAM)("MZO") are pleased to announce
the final results from the Phase 2 and Phase 3 surface diamond drilling programs
on the Lapaska Gold Property (the "Property") located in the prolific Abitibi
Greenstone Belt, 20 km east of Val-d'Or, Quebec. The Property is wholly-owned by
AGE and under option to MZO (see agreement in press release dated December 15,
2010). The final set of results comes from seven (7) holes totalling 2,303
metres drilled in the Lapaska Central zone ("LC Zone") and in the West zone.
The best intercepts, in core length, are summarized as follows:
-- Hole LP-11-39: 1.1 g/t Au over 138.4 metres at a depth of 53 metres,
including a section grading 7.7 g/t Au over 12.1 metres;
-- Hole LP-12-41: 1.0 g/t Au over 86.8 metres at a depth of 29 metres,
including a section grading 14.7 g/t Au over 3.3 metres;
-- Hole LP-11-38: 0.8 g/t Au over 119.9 metres at a depth of 79 metres,
including a section grading 4.7 g/t Au over 5.9 metres; and
-- Hole LP-12-40: 1.1 g/t Au over 61.4 metres at a depth of 84 metres,
including a section grading 4.2 g/t Au over 3.9 metres.
"These new results from the Lapaska drilling confirm again the presence of
high-grade gold-bearing structures in the LC Zone," said Marco Gagnon, president
and chief executive officer of Adventure Gold. "New gold intercepts also
indicate that the gold system is still open laterally and at depth and we have
the potential to add additional high-grade, near-surface structures to the
expanding discovery at Lapaska. Based on the strength of today's results, new
modelling of the LC Zone is ongoing and additional follow-up drilling is
currently being designed. We are very enthusiastic about the exploration upside
at Lapaska."
Gold mineralization intersected in the recent drill holes is typical of the
Lapaska geological environment. Visible gold was locally observed in the drill
core but generally the mineralization consists of disseminated pyrite in
quartz-tourmaline veins and in altered dacitic rocks. Table 1 shows the
significant results from the seven (7) drill holes and one (1) deepened hole. A
surface map view (Figure 1) shows the location of drill holes at the Property
scale. Figure 2 shows a close-up view of the drilling at the LC Zone scale and
Figure 3 shows a 3D view of the 0.5 g/t gold envelope modelled before the final
results of Phase 2 and 3 drilling at the LC Zone.
Figure 1, 2 and 3 are available at:
http://www.adventure-gold.com/common/documents/Lapaska_SurfaceMap_12avril2012.pdf
http://www.adventure-gold.com/common/documents/Lapaska_CloseUp_LCZone_11avril2012.pdf
http://www.adventure-gold.com/common/documents/Lapaska_Vue3D_11avril2012.pdf
Table 1: Final results from the Phase 2 and Phase 3 drilling programs at
Lapaska
----------------------------------------------------------------------------
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Core Au
Drill UTM UTM From To length(i) (ii)
hole East North Azimuth Dip Length(m) (m) (m) (m)(g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LC Zone
LP-11-37 311830 5326037 280 -52 249 NSV
LP-11-38 311931 5326037 280 -54 300 79.3 199.2 119.9 0.8
Inc. 108.6 114.5 5.9 4.7
LP-11-39 312092 5326022 278 -55 375 52.5 190.9 138.4 1.1
Inc. 136.7 148.8 12.1 7.7
LP-12-40 312263 5325971 278 -53 349.5 84.1 145.5 61.4 1.1
Inc. 120.5 124.4 3.9 4.2
LP-12-41 311911 5326066 280 -50 201 28.5 115.3 86.8 1.0
112.0 115.3 3.3 14.7
LP-12-42 312020 5326060 278 -56 279.5 NSV
LP-11-
28Ext 312164 5325999 278 -54 99 207.0 213.7 6.7 0.7
West
Zone
LP-11-36 310507 5326091 360 -63 450 251.5 264.0 12.5 0.9
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(i) The length of the gold intervals mentioned above refers to the length in
the axis of drilling. The veins are usually cross referenced with a strong
angle by the holes for drilling. This indicates that the length of the
mineralized intervals is close to the actual thickness of the zones.
However, additional drilling will be necessary to assess their lateral
extensions.
(ii) Uncut gold value.
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, 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. Five drill holes completed last year
in the Lapaska Central zone have shown widths of up to 200 metres and grades
ranging between 0.5 g/t and 1.2 g/t. An update of the 2010 43-101 resource
calculation is scheduled for early 2013.
Quality control
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 has supervised the Phase 2 and Phase 3 drilling programs. Assay
samples were taken from NQ core sawed in half, with one half sent to Agat
Laboratories Ltd., a commercial laboratory in Mississauga, Ontario, and the
other half retained for future reference. A strict QA/QC program was applied to
all samples, which includes mineralized standards and blank samples for each
batch of 25 samples. The gold analyses were completed by fire assay with an
atomic absorption finish on 50 grams of material. Repeats were carried out by
fire assay followed by gravimetric testing on each sample containing 3.0 g/t
gold or more. Total gold analyses (Metallic Sieve) were carried out on samples
that showed a great variation in gold content or the presence of visible gold.
In other news
Drilling continues on the Val d'Or East Pascalis property with one drill rig
currently focused on the exploration of the Pascalis Gold Trend, north of the
former Beliveau Mine. Nine (9) holes totalling 3,409 metres have been completed
to date. Initial results from the ongoing 15,000-metre drill program will be
released as soon as available.
Profile:
Adventure Gold Inc. is a mineral exploration company focused on discovering
high-quality gold deposits in the Abitibi Greenstone Belt located in
northwestern Quebec and northeastern Ontario - one of the richest gold deposit
areas in the world. Adventure Gold holds quality assets in the Val-d'Or,
Rouyn-Noranda and Timmins areas and is led by determined management and
technical teams with extensive exploration and mine production experience.
Adventure Gold is proud to count on highly regarded partners such as
Agnico-Eagle Mines Limited and Lake Shore Gold Corp. to explore its
advanced-stage gold properties. For more information, please contact:
Follow Adventure Gold on:
Twitter: http://twitter.com/#!/Adventure_AGE
LinkedIn: http://www.linkedin.com/company/2253943
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.
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