Adventure Gold and Mazorro Resources Inc. have commenced the second phase surface diamond drilling program on the Lapaska Gold Property located in the prolific Abitibi Greenstone Belt, 20 km east of Val d'Or, Quebec.
The Property, totaling 352 hectares, is wholly-owned by AGE and under option to MZO (see agreement in press release dated December 15, 2010). The second phase drill program, totaling approximately 4,000 metres in ten (10) holes, is designed to test the extensions of the Lapaska Central Zone ("LC Zone") laterally and to the North, the West Zone and several new targets. Results of the first phase drill program on the LC Zone were released last June and July.
Highlights included: 1.0 g/t Au over 103.4 metres including 10.3 g/t Au over 3.8 metres (hole LP-11-16) and 1.2 g/t Au over 156.9 metres including 5.8 g/t Au over 3.9 metres and 4.7 g/t Au over 7.1 metres (hole LP-11-17).
The second phase drill program is designed to test east-west and north-south extensions of the LC Zone open laterally and at depth. Additional sub parallel ore shoots and veins that could be repeated close to the LC Zone near the surface will also be drilled. More particularly, magnetic signatures similar to the LC Zone that were observed in a radius of 700 metres will be tested.
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 – MDV: TSX-V, 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.
An NI 43-101 compliant resource estimate has been completed by Innovexplo, (March 9, 2011) on the Lapaska Central Zone. The table below shows the variations with respect to metric tonnes, ounces and grades for various cut-off grades with respect to the Inferred Resources of the Lapaska Central Zone deposit.