Adventure Gold's NI 43-101 Technical Report for The Val-d'Or

Adventure Gold's NI 43-101 Technical Report for The Val-d'Or East
Gold Project Resource Estimate Now Filed 
MONTREAL, QUEBEC -- (Marketwire) -- 01/07/13 -- Adventure Gold Inc.
(TSX VENTURE:AGE) ("AGE", the "Corporation") announce that the
National Instrument 43-101 technical report representing the
qualifying report for the recently announced initial resource
estimate for the Val-d'Or East project located in the Abitibi area,
Quebec has now been filed on SEDAR and available on the company's
website. Here are some highlights of the study previously reported by
the Corporation on November 21, 2012 along with a new estimation
table for the total in-pit inferred resource with Whittle Pit
Optimization (from surface to 250 metres). All details are included
in the final report. 


 
--  The selected base case inferred resource is 770,000 ounces (9.13 million
    tonnes grading 2.63 g/t Au, capped at 30 g/t), using cut-off grades of 1
    g/t Au (surface to 350 metres depth) and 1.5 g/t Au (350 metres and
    below). SGS Canada Inc. outlined three gold deposits over a 1500-metre
    long strike, up to 900 metres deep and 600 metres wide;
 
--  In order to verify the open pit potential, further to the base case, a
    Whittle Pit Optimization has been run by SGS Canada Inc. The presented
    scenario has a 0.69 g/t Au marginal cut-off grade with a gold price of
    1500 Cdn$/oz.troy, an ore mining price of 4.5 Cdn$/t, a mining recovery
    of 98%, 15% dilution, a processing recovery of 95%, a processing cost
    including G&A and premium costs of 27.5 Cdn$/t. The resulting 3 open
    pits contain a total inferred resource totaling 4.34 Mt at 2.38 g/t with
    330,000 gold ounces. Below the Whittle optimized pits (Underground
    potential), the inferred resource is 390,000 gold ounces (3.91 million
    tonnes grading 3.13 g/t Au, capped at 30 g/t) using a cut-off grade of
    1.5 g/t Au;
 
--  The mineralized system is still open at depth and laterally. Also of
    interest, additional resources may be discovered inside the conceptual
    Whittle open pits as approximately 50% of the volume was not drilled
    yet. The dyke-type mineralization has a good angle for both open pit and
    underground selectivity and mining. The past operation at the Beliveau
    mine sugg
ests that the mining recovery should be very good on the dykes
    of the New Beliveau, North and Highway deposits. The thickness of the
    flat structures is also sufficient for open pit or underground
    consideration. The geotechnical aspects of the project seem good for
    both open pit and underground mining at this point. The project is
    located 26 kilometers from Val-d'Or and therefore close to all required
    infrastructure for a proper development. Key infrastructure for the
    project: a currently existing 340-metre deep shaft, 660 metres of ramp,
    underground development drifts on five levels, industrial access road,
    power line, a railway within 1.5 kilometres and custom milling
    facilities in Val-d'Or;
 
--  SGS concluded that the Pascalis-Colombiere property, part of the
    company's Val-d'Or East project, has supported profitable commercial
    mining operations in the past. While some resource was mined on the
    property, some remain and should be evaluated. Significant additional
    exploration drilling is clearly warranted on the property to increase
    the quality and quantity of gold resources. SGS recommended to continue
    the drilling with a 20,000 metres program on the New Beliveau, North and
    Highway gold deposits with the main objectives to cover the volume
    inside the conceptual Whittle pits and extend the resource outside the
    pits shell up to 250 metres depth. SGS Geostat considers that mineral
    resources defined on the property meet the requirement of reasonable
    prospect of economic extraction. However, it should be understood that
    the mineral resources which are not mineral reserves do not have
    demonstrated economic viability. The mineral resources presented in the
    technical report are estimates based on available sampling and on
    assumptions and parameters available to the authors dated November 15,
    2012. More details and parameters used for the resource estimate are
    available in the NI 43-101 technical report.

 
Qualified persons 
The following people have reviewed this press release and approved
the technical report and are deemed qualified persons under NI
43-101: Claude Duplessis, Eng. and Yann Camus, Eng., SGS Canada Inc.  
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 exploration
program on the Val-d'Or East project. 
The Val-d'Or East Project 
The Val-d'Or East project consists of the 100%-owned
Pascalis-Colombiere, Senore and Beaufor North properties. With the
Beaufor West and Pascalis Extension properties, Adventure Gold owns a
total of 107 mining claims covering a surface area of 3,708 hectares
in the area. From 1989 to 1993, the Pascalis-Colombiere property was
the site of gold production at the L.C. Beliveau Mine, where Cambior
Inc. (now IAMGOLD) mined the New Beliveau gold deposit. A total of
1.8 Mt of ore was extracted at a grade of 3.17 g/t Au, from the
surface to 300 metres depth (total of 167,000 ounces of gold from the
main diorite dyke, official production from Cambior postmortem
report, Nov. 1996).  
Profile 
The Corporation is a mineral exploration company focused on
discovering and developing high-quality gold deposits in the Abitibi
region located in eastern Canada - one of the richest gold mines
areas in the world. The Corporation has become, in a few years, an
important player in the mining exploration industry with one of the
best portfolio of exploration properties along the main gold-bearing
structures of the Abitibi Greenstone Belt. The Company is exploring
mainly close to gold mines where the mining production
infrastructures are already existent, which distinguishes it from
several other exploration companies. The Corporation's exploration
team are mining professionals having worked previously for
well-established producing companies and understand the industry
challenges. The Corporation owns 100% of the rights on its three main
projects namely: Val-d'Or East, Detour Quebec and Casa-Cameron. The
Val-d'Or East flagship project encompasses the Pascalis-Colombiere
property where Cambior Inc. (now IAMGOLD) was producing gold between
1989 and 1993 at the Beliveau Mine. Close to the former mine, the
Corporation recently discovered a significant new gold system and
works actively in its development. As disclosed in its latest
financial statements, the Corporation is well financed to apply its
business plan. 
Follow Adventure Gold on: 
www.adventure-gold.com 
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. 
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Adventure Gold Inc.
Marco Gagnon
President & CEO
marco@adventure-gold.com
450.743.5527 
Adventure Gold Inc.
Jules Riopel
Vice-President Exploration and Acquisitions
jules@adventure-gold.com
819.797.9770
www.adventure-gold.com
 
 
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