Adventure Gold Acquires 51 Claims; Doubles Land Position In Val-D’Or

Adventure Gold Inc. (TSXV:AGE) announced the signing of two agreements for the acquisition of 100% interest in 51 claims adjacent to its Val-D’Or East project, expanding its land position by 21 km².

As quoted in the press release:

The Property, located 1 kilometre north-northeast of the recently discovered Beliveau West gold zones, is contiguous with the Pascalis-Colombiere property (see figures 1 and 2 on the Company’s website at www.adventure-gold.com). The Property is also located 3 kilometres east of the Beaufor Mine owned by Richmont Mines, which has produced over 1M ounces of gold (source: Richmont Mines press release dated March 23, 2010). Prospecting work is already planned for this fall and a first drilling program should start as soon as drilling resumes on Pascalis-Colombiere.

Marco Gagnon, President and CEO of Adventure Gold Inc.:

With this acquisition, Adventure Gold secures a very strategic and prospective land position adjacent to the Company’s flagship Pascalis-Colombiere property where we are currently discovering and defining new gold resources around the former Beliveau gold mine. The new property already contains exploration targets of interest – by using our expertise and skills in the area, we intend to better define and drill-test those targets in the near future.

Click here to read the full press release. 

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold
Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply