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.