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Last C$0.14 CAD
Change Today -0.005 / -3.57%
Volume 6.5K
As of 9:31 AM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

adventure gold inc (AGE) Snapshot

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adventure gold inc (AGE) Details

Adventure Gold Inc., an exploration stage company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. It primarily explores for gold deposits. The company’s principal properties comprise the Val-d’Or East Pascalis-Colombière property, including 84 mining titles covering an area of 2,734 hectares located northeast of Val-d'Or, Québec; and the Detour Quebec project consisting of 9 properties with approximately 851 claims covering an area of 46,108 hectares located in the Abitibi region. Adventure Gold Inc. was incorporated in 2007 and is headquartered in Montreal, Canada.

Founded in 2007

adventure gold inc (AGE) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$160.0K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$18.0K
Compensation as of Fiscal Year 2014.

adventure gold inc (AGE) Key Developments

Adventure Gold Inc. Announces Completion of Mechanical Stripping Program on New Beliveau Gold Deposit Located on 100%-Owned Val-d'Or East Project

Adventure Gold Inc. announced the completion of an important mechanical stripping program on the New Beliveau Gold Deposit located on its 100%-owned Val-d'Or East project. Channel sampling work and drone surveying were also completed in June. The main goal of this exploration program was to expose, characterise and sample the new mineralisation discovered by the company in 2014 and in the recent years. All the results should be received, processed and released by the first week of August. Two distinct areas, the East and the West strip zones were mechanically stripped for a total of 3,230 m² of new rock surface exposed. The East strip zone covering an area of 10 x 25 metres is located over the West dyke of the main dyke swarm adjacent to the west of the former Beliveau mine surface opening while the West strip zone covering a surface of 50 x 60 metres is located 150 metres west of the opening and 10 metres south of the new discovery made last year by the Company in hole PC-14-70 (12.4 g/t Au over 7 metres) Both strip zones have exposed east-west gold structures and their geological relationship with the different north-south dykes. A comprehensive channel sampling was also completed on the East and West strip zones where a total of 634 samples were taken for 593 line-metres. This program succeeded to confirm the presence of the interpreted east-west gold envelopes projected to the surface from the resource block model. It also appears that the gold envelope may be wider in some areas since the mineralization style is similar in appearance to the gold mineralization intersected by drilling as observed outside the block model gold envelopes. Pending assay results should confirm these observations. Following the channel sampling over the mineralized zones, an unmanned aerial vehicle (UAV or drone) was use to survey the area. The purpose of this survey is to acquire an accurate 3D-like terrain model and high quality aerial orthophoto data set. All the information acquired from the drone will be processed to create a 3D map (centimeter accuracy in x, y and z) that will be integrated in the company's geological and block models. Details obtained from the orthophoto data set will also significantly enhance the precision of the geological mapping of the strip zones and will help to better understand the structural control on the gold mineralization. The 100%-owned Val-d'Or East project consists of three blocks of properties, totaling 8,982 hectares, in the eastern portion of the Val-d'Or­Malartic gold district. The main block of properties, which encompass the New Beliveau gold deposit is also adjacent to the producing Beaufor Gold Mine held by Richmont Mines. In the recent years, 18,375m of drilling was completed by AGE to delineate an initial gold resource at the New Beliveau gold deposit. Best drill results show widths ranging from 60 m to 300 m with grades between 1-3 g/t. Higher grade zones grading up to 12.9 g/t Au over 8 metres 10.4 g/t Au over 10 metres, 4.8 g/t Au over 33.1 metres and 2.7 g/t Au over 65.1 metres. In 2013, initial NI 43-101 resource estimate outlines close to existing infrastructure: 770,000 ounces of gold at 2.6 g/t Au in the inferred category. Half of the resources are situated at, or near surface, and are considered open-pitable.

Adventure Gold, Inc. Releases Results from its First Drill Program on the Detour Quebec Properties

Adventure Gold Inc. announced that new line cutting work and geophysical surveys are now completed on four grids of its 100% owned Detour Quebec project. New results outline large IP anomalies on the Lower Detour Gold Trend. The company also announced the results of the 1,500 metres drilling program testing targets along or close to the Sunday Lake Deformation Zone. Two of the four holes, drilled last April, intersected gold mineralization of interest. The Project consists of 875 claims and covers an area of 47,343 hectares over 80 kilometres on the Detour Gold Trend (DGT). The Project is adjacent to the Detour Gold Corp. properties which encompass the Detour Lake gold deposit, which currently hosts 15.0 million ounces of proven and probable mineral gold reserves (National Instrument 43-101 compliant as 2014 Year-end Mineral Reserves and Resources). The recent IP survey on the Massicotte grid is providing company with a better drill targeting on the Lower Detour Gold Trend where geological information is very limited. The company believes that this year other IP surveys will continue to outline many quality drilling targets along the proven major gold structures on the company’s properties. Drilling intercepts from two holes of its first drill program show also that the company is at the right address and that the company must persevere. This project needs definitively more drilling. From the four grids totaling 91 kilometres of IP completed this year, the company releases the results from the Massicotte survey which totals 23.5 kilometres. Results for the other grids will be release later as final interpretation is not completed yet. Several additional surveys are also on-going or planned. They should be completed by next fall. The IP anomalies outlined by the Massicotte survey suggest promising drilling targets associated with the Lower Detour Deformation Zone and the Southern Deformation Zone. Three larger and stronger IP anomalies extend up to 800 metres long and are still open to the East and to the West. Two of these anomalies are interpreted as disseminated sulphide zones along deformation corridors which may carry gold mineralization and are considered top priority drilling targets. Throughout the DGT gold deposits in Quebec and Ontario there is a strong correlation between gold mineralization and sulphide minerals. The 1,500 metres four drill holes program initially focused on follow-up drilling at depths of historical gold zones associated with the Sunday/Detour Lake Deformation Zone located four kilometres south of Balmoral's Bug Lake high-grade gold zone. Twenty historic shallow drill holes in these zones have returned gold intercepts with grade by thickness ranging from one to 15 g/t Au by metres (MRN Sigeom database). Two holes (CA-15-01 & 02) were targeting at 275-300 metres depth, potentially enriched gold-sulphide mineralization within these zones. Both holes intersected gold-sulphide mineralization in a strongly deformed and altered shear zone hosted in mafic and felsic volcanic rocks. Also of interest, feldspar porphyry dikes were observed in the shear zone. Mineralization consists of disseminated pyrite to locally up to 5%. Mineralisation is associated with large sericite, quartz and iron carbonate alteration envelope. Anomalous gold values (more than 0.1 g/t Au) occurring discontinuously over more than 250 metres and locally grading up to 2.3 g/t Au over 0.5 metre were intersected in hole CA-15-02. Results were nearly the same in hole CA-15-01 and the best assay results returned 0.6 g/t Au over 1 metre. Both holes started in the shear zone and ended in un-deformed mafic volcanic rocks. The true thickness of the shear zone is estimated to a minimum of 300 metres and its southern contact with sediments remains untested. Holes CA-15-03 & 04 were designed to test two IP anomalies located 5 kilometers to the south of the Sunday/Detour Lake Deformation Zone and no significant gold assay results were returned from these holes. During the drilling program, assay samples were taken from the NQ core and sawed in half, with one-half sent to Agat Laboratory, a commercial laboratory and the other half retained for future reference. A strict QA/QC program was applied to all samples; which includes insertion of mineralized standards and blank samples for each batch of 20 samples. The gold analyses were completed by fire-assayed with an atomic absorption finish on 50 grams of materials. 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 (Metalic Sieve) were carried out on the samples which presented a great variation of their gold contents or the presence of visible gold. Jules Riopel, vice-president, exploration and acquisitions, of Adventure Gold, acting as the qualified person (as defined by National Instrument 43-101), reviewed and approved the scientific and technical information in this release. He supervised the work program on the Project.

Adventure Gold, Inc. Commences Drill Testing of its Detour Quebec Project

Adventure Gold, Inc. announced the initiation of a 1,500 metres drilling program this week on its Detour Quebec project. The company also announced that line cutting and geophysical surveys are now underway on the Project. The Project consists of 869 claims and covers an area of 47,100 hectares over 80 kilometres on the Detour Gold Trend, adjacent to Detour Gold Corporation's namesake mine. Drilling on the Project will initially focus on gold zones associated with the Sunday/Detour Lake deformation corridor located 4 kilometres south of Balmoral's Bug Lake high grade gold zone. Gold-sulphide mineralization within these zones is hosted by a series of sericite, quartz and iron carbonate zones which cut sediment, volcanic and feldspar porphyry dykes which are a common host for gold mineralization throughout the Abitibi. Twenty historic shallow drill holes in these zones have returned gold intercepts with grade by thickness ranging from 1 to 15 g/t Au x metres (MRN Sigeom database). Two IP anomalies will also be tested 5 kilometers to the south. The winter drilling program is expected to be completed in April.


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