Adventure Gold Inc. (the "Company") announces the commencement of a significant exploration program on its 100%-owned Detour Quebec project along the Detour Gold Trend ("DGT") in Abitibi, Quebec.
The exploration program will consist of airborne and ground geophysical surveys on the best targets identified last year following a comprehensive geological modeling of the DGT. A helicopter-borne electromagnetic VTEM-type survey (VTEM) totalling 575 km, 400 km of detailed ground magnetic surveys and 30 km of Induced Polarization (IP) surveys are currently underway or will start soon.
Since last year, the Company has been actively exploring its Detour Quebec properties by completing 103 kilometres of IP surveys, 365 kilometres of detailed ground magnetic surveys, and 912 kilometres of high-definition helicopter-borne magnetic surveys. This work has highlighted new and very promising drilling targets by identifying IP anomalies close to strong gold anomalies in till, along strike from positive gold results intersected by historical drill holes. Geological modeling outlined nine possible distinct bedrock source areas along the Sunday Lake, Massicotte, and Lower Detour/Grasset gold deformation zones on our properties. Three possible bedrock source areas were covered by geophysical surveys (IP and Mag) in 2012 and nine new ground geophysical surveys will be completed over the other areas this year (see Figure 1 and press release dated November 14, 2012).
On the two northernmost claim blocks (Manthet and Martigny) respectively located 15 and 25 kilometres from the Detour Lake mine, adjacent and close to the Ontario border, two VTEM surveys totalling 575 km will be completed. Historically, very little exploration work has been completed on these claims and limited drilling in one area outlined VMS-style gold, zinc and copper mineralization. This geological environment shows some similarities with the Martiniere project located further east, where Balmoral Resources Ltd is actively exploring the Martiniere West, Bug Lake, and Martiniere East zones. In this emerging gold play, very high-grade drill intersections were recently reported, namely 273.0 g/t Au over 3.9 metres and 11.7 g/t Au over 8.9 metres (see Balmoral Resources Ltd press releases dated August 16, 2012 and January 28, 2013). The VTEM-type survey is known for its exceptional depth penetration and provides a more accurate definition of electromagnetic anomalies than conventional systems. At the Detour Lake mine, the original discovery of the main zone is directly credited to the presence of an airborne electromagnetic anomaly detected during an Input-type survey in 1974. On the Manthet and Martigny claim blocks, new east-west and northwest trends outlined last year and interpreted as subsidiary faults of the Sunday Lake deformation zone will be covered by the VTEM survey.
"Following recent successes in identifying quality drilling targets, firstly by outlining the best areas using our comprehensive geological model and secondly by performing detailed geophysical surveys, we have great expectations for the 2013 geophysical surveys, which will be mainly conducted over new claims acquired in April 2012. Once this work has been completed, we will plan a substantial drilling program scheduled to start next winter", stated Marco Gagnon, President and CEO of Adventure Gold Inc.
The Detour Quebec project includes nine properties, 100%-owned by the Company, totalling 747 claims and covering a surface area of 40,397 hectares or 404 km2. The Detour Quebec properties are strategically located along the DGT over 80 km strike length and encompass three major proven gold structures, namely the Sunday Lake, Massicotte, and Lower Detour/Grasset deformation zones. The DGT hosts the Detour Lake gold deposit with NI 43-101 proven and probable reserves of 15.6 M ounces of gold (from global measured and indicated resources of 23.3 M ounces and inferred resources of 5.8 M ounces: see Detour Gold Corporation press release dated January 25, 2012). Adventure Gold's Detour Quebec properties are adjacent to Detour Gold Corporation properties located on the Ontario border.