ADA , Acadian Gold now producing zinc - Page 5

Good to have you on board GDeezy.

Usually around this time is the sell and walk away theory, but I prefer to hold or buy into a company like this one that is undervalued, has been consolidating for a while, and will be a cash cow for the rest of the year. It's also a good sign when the Company hits an announced deadline for the start of production!

Got some shares today. Shall wait for couple quarters and see how it works out.

McCoach says.....

Acadian Gold

Excellent progress is being made at the Scotia Mine with plant refurbishment now complete and initial
throughput of low-grade ore scheduled to commence April 27, 2007. In other words the company will be
producing zinc and lead within the next few weeks.

This is what we have been waiting for. It is all coming together. Our share price however has not yet reflected
this news.We have been stalled by the market’s misunderstanding about the recent private placement
announcement, in lieu of the bought deal financing. Regardless, Acadian Gold will move forward. Investors
will soon understand that management did what was right for them in making a difficult decision. The
company needed the money to put Scotia into production. The bought deal financings terms were just too
hard to swallow. I agree it would have been a better arrangement than issuing more shares if the terms
were right, but they were not. Ultimately, the cash flow and profitability that will now start to flow from production
will allow the company to buy back their shares in the open market if they so choose. If the market
does not give them a higher valuation for what is happening, Acadian will start buying their shares back
at current levels. In the end I think things will all work out in Acadian Gold’s favor.

In other positive news, the company made two other announcements recently. First, in accordance with
TSX Venture Exchange Policy 2.5, Acadian Gold Corp. has met the requirements for a Tier 1 company.
Therefore, effective Wednesday, April 11, 2007, the company’s tier classification has changed from Tier 2 to
Tier 1. This means they are gaining more credibility in the market place, and will now be eligible for a TSX
listing which the company will apply for after they are in production and can show substantial earnings.
In addition, Acadian Gold Corp. has also entered into a 12-month contract with Michael Baybak and
Company Inc. (MBC), based in Los Angeles, Calif., to conduct institutionally oriented investor relations
programs on behalf of the company. Headed by Michael Baybak, MBC, is a long-term institutional and
media investor relations specialist in the natural resource sector, with a focus on introducing Canadian
resource companies of merit to broader institutional and retail investor audiences. This effort should bring
in significant new buying in Acadian Gold.

At current share prices, Acadian Gold is a VERY STRONG BUY.

Quoted from the April 2007 Ming Speculator

I agree! I've been adding to my position at these levels!

~C

ADA.v - Acadian Gold now in production

Can a mod please change the thread title?

ACADIAN GOLD CORPORATION ANNOUNCES OPERATIONS COMMENCED AT SCOTIA ZINC-LEAD MINE


Halifax, NS May 07, 2007

FSC / Press Release


ACADIAN GOLD CORPORATION ANNOUNCES OPERATIONS COMMENCED AT SCOTIA ZINC-LEAD MINE

Halifax, Nova Scotia CANADA, May 07, 2007 /FSC/ - Acadian Gold Corporation (TSX - VX: ADA), ("Acadian Gold") announced today that the Scotia Mine (zinc-lead) at Gays River, Nova Scotia, Canada has commenced operations. The mill is in the commissioning phase during which the mechanical components of the mill, related primarily to the crushing, grinding and flotation circuits, will be tested and proven to ensure that the flow of ore and treatment of materials is optimized.

It is anticipated that the commissioning phase will be completed by late June to mid-July 2007 at which point the mill should be operating at the planned capacity of approximately 2,000 tonnes per day. During commissioning, daily throughput is expected to be in the range of 1,000 to 1,500 tonnes per day.

Progress is being made in the negotiation of concentrate sales agreements, the details of which will be announced when agreements are concluded. The market for zinc and lead concentrate is very strong as reflected in the current zinc and lead prices of approximately US$1.74 per pound and US$0.93 per pound, respectively. Marketing of Scotia Mine product will be further facilitated by the superior quality of the concentrates. The zinc grade is 60% with less than 1% iron and the lead grade is 75%.

If production targets are met in 2007 as expected, the Scotia Mine should produce approximately 23.4 million pounds of recoverable zinc metal and approximately 7.8 million pounds of recoverable lead metal. Targeted production for 2008 is approximately 44.6 million pounds of recoverable zinc metal and 19.1 million pounds of recoverable lead metal. The cash cost of production is projected to be approximately US$0.52 per pound zinc-equivalent in 2007 and approximately US$0.34 per pound zinc-equivalent in 2008.

Photographs of the Scotia Mine operation can be viewed on the Acadian Gold's website at www.acadiangold.ca

Management?s Opinion

Will Felderhof, President and CEO stated, "The commencement of operations at Scotia Mine is a milestone event for Acadian Gold. We are pleased to be in a position to take full advantage of the current high prices of zinc and lead. We anticipate Scotia Mine to be the engine to drive the growth of Acadian Gold going forward. This is an exciting time for both our shareholders and the employees at Scotia Mine."

About Acadian Gold

Acadian Gold is a Halifax, Nova Scotia, Canada based resource company which has brought a zinc-lead mine, Scotia Mine, located at Gays River, Nova Scotia into operation. In addition to bringing a new mine on stream, Acadian Gold is focused on exploring and developing gold, zinc and barite properties in Atlantic Canada.

The Scotia Mine will operate initially as an open pit mine and is expected to produce 30,000 tonnes of high grade zinc concentrate and 10,000 tonnes of high grade lead concentrate per year. This production is equivalent to 39.8 million pounds of zinc metal and 16.5 million pounds of lead metal annually. Please see Press Release No. 16-06, July 17, 2006 for further details.

Acadian Gold is also focused on developing four advanced gold properties, Beaver Dam, Tangier, Forest Hill and Goldenville, which form the core holdings of the Scotia Goldfields project. All of the four advanced properties host gold resources described in technical reports prepared in compliance with National Instrument 43-101 and are available on www.sedar.com. A summary of gold resources is provided in Press Release No. 01-06, January 5, 2006, under the paragraph titled "About Acadian Gold". Acadian Gold is bringing a new approach to the development of Nova Scotia gold deposits by pursuing a multiple mine central processing, managing and servicing strategy.

Forward Looking Statement

Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's 2005 Annual Report which is available at www.sedar.com. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

For additional information on the Company's properties and activities, please visit our web site at www.acadiangold.ca. If you wish to be added to the Company's e-mail or fax distribution list for future news releases and updates, please contact us at phone: 902 444-7779, fax: 902 444-3296, email: mail@acadiangold.ca.

FOR FURTHER INFORMATION, PLEASE CONTACT:
G. William Felderhof, President & CEO
or Terry F. Coughlan, Vice President
(902) 444-7779 Toll Free: 877-444-7774
mail@acadiangold.ca
Halifax, Nova Scotia

Nice volume the last few days. The story is getting out. I hope the IR firm they hired (Baybak) can do the same magic they did for GAMMON LAKE RERESOURCES a couple of years ago.

ADA is a great story that should get attention from much bigger players very soon. imo

The big players are already accumulating IMO. It's the reason we have been in this trading range for so long. Shaking out those shares from people who were in @ 40 cents.

This is an amazing long term hold IMHO. In fact, I really hope it pulls back so I can add some more this summer.

cheers.

Mouserman,

yes with the gold fields, barite property and the stake in Royal Roads Corp. I see a lot of upside too. I am not too good with predictions but 3$ per share would not suprise me in a year. Maybe more but I don't want to sound like a pumper.

Hi pilk, your "prediction" isn't too far off from the calculated estimate I get based on their forecast for next year from todays PR. The 44.6M and 19.1M lbs of zinc and lead for 2008 at todays prices of $1.74 and $0.93 respectively equates to just over $95M. A cash cost of $0.34 per lb gives an earnings number of approx. $74M. With about 157M shares fully diluted, gives a FDEPS of $0.47 US or $0.52 CAD (assuming an exchange rate of 1.10). A conservative base metals earnings multiple of 6 gives a value of $3.12. If anyone sees a flaw in this calculation please chime in!

And remember that this price does not reflect their gold and barite properties which will continue to be developed with cash from this mine. Plus the price of the metals are expected to continue rising.....

JonE

I do like your calculations and come to pretty much the same results.

If they come out with good news on any other fronts, it should go even higher. I have seen some junior companies still loosing money with a PPS of 5$ and even 10$.

I can't see ADA staying at the 1$ level for long.

ACADIAN GOLD ADOPTS SHAREHOLDER RIGHTS PLAN


Halifax, NS May 08, 2007

FSC / Press Release


ACADIAN GOLD ADOPTS SHAREHOLDER RIGHTS PLAN

Halifax, Nova Scotia CANADA, May 08, 2007 /FSC/ - Acadian Gold Corporation (TSX - VX: ADA), is pleased to announce that its board of directors has adopted a shareholder rights plan designed to encourage the fair and equal treatment of shareholders in connection with any takeover bid for the outstanding securities of the Company. The rights plan provides the board of directors with additional time to assess the advantages and disadvantages to any particular offer and to seek out alternative proposals in the best interests of all shareholders.

Acadian Gold has not adopted the rights plan in response to any specific proposal to acquire control of its outstanding shares. The rights plan is similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the rights plan to entrench management or prevent a change of control of Acadian Gold to the detriment of shareholders. The rights plan does not apply to takeover bids that meet certain requirements including that the bid be made by way of a takeover bid circular and be left open for at least 60 days so as to ensure that shareholders have an adequate opportunity to assess the merits of the bid.

The rights plan has been conditionally accepted by the TSX Venture Exchange subject to obtaining shareholder ratification of the rights plan at the annual general and special meeting to be held on June 14, 2007. If ratified, the rights plan will have an initial term which expires at the annual meeting of shareholders of Acadian Gold to be held in 2010, and may be extended for a second term lasting until the annual meeting of shareholders to be held in 2013. A copy of the rights plan will be available for viewing on SEDAR, and can also be obtained from Acadian Gold.

ACADIAN GOLD INTERSECTS 2.91 METRES GRADING 20.41 G/T GOLD ON ITS 100% OWNED GOLDENVILLE PROJECT, NOVA SCOTIA


Halifax, NS May 10, 2007

FSC / Press Release


ACADIAN GOLD INTERSECTS 2.91 METRES GRADING 20.41 G/T GOLD ON ITS 100% OWNED GOLDENVILLE PROJECT, NOVA SCOTIA

Halifax, Nova Scotia CANADA, May 10, 2007 /FSC/ - Acadian Gold Corporation (TSX - VX: ADA), ("Acadian Gold") announced the results of 8 drill holes today from a first phase diamond drilling program on it's 100% owned Goldenville gold property, in Nova Scotia, Canada. All drill holes with the exception of one, intersected multiple gold mineralized veins in this advanced stage project being targeted for its underground potential.

Drill holes of particular note include drill hole GV06-04 which intersected 20.41g/t over a true width of 2.91metres and 60.43g/t over a true width of 1.2 metres; GV06-03, which intersected 2.81g/t over a true width of 3 metres; and drill hole GV06-05 which intersected 26.15g/t over a true width of 1.2 metres. Details of assays results for the 8 drill holes are provided in Table 1 below.

-***-

Table 1- Significant Drill Results
-----------------------------------------------------------------
Hole From To Interval True Au g/t
(m) Width Uncut
-----------------------------------------------------------------
GV06-01 64.80 66.19 1.39 1.20 3.16
-----------------------------------------------------------------
GV06-01 89.80 91.19 1.39 1.20 0.78
-----------------------------------------------------------------
GV06-01 105.80 107.19 1.39 1.20 1.36
-----------------------------------------------------------------
GV06-01 123.80 125.19 1.39 1.20 0.87
-----------------------------------------------------------------
GV06-01 131.61 133.0 1.39 1.20 1.30
-----------------------------------------------------------------

-----------------------------------------------------------------
GV06-02 62.88 64.12 1.24 1.20 1.89
-----------------------------------------------------------------

-----------------------------------------------------------------
GV06-03 45.00 48.00 3.00 3.00 2.81
-----------------------------------------------------------------
GV06-03 66.90 68.10 1.20 1.20 4.33
-----------------------------------------------------------------
GV06-03 133.90 135.10 1.20 1.20 2.79
-----------------------------------------------------------------
GV06-03 197.90 199.10 1.20 1.20 2.08
-----------------------------------------------------------------

-----------------------------------------------------------------
GV06-04 7.00 10.00 3.00 2.91 20.41
-----------------------------------------------------------------
GV06-04 17.76 19.00 1.24 1.20 60.43
-----------------------------------------------------------------
GV06-04 99.76 101.00 1.24 1.20 3.63
-----------------------------------------------------------------
GV06-04 124.88 126.12 1.24 1.20 0.98
-----------------------------------------------------------------
GV06-04 171.00 175.00 4.00 3.88 1.96
-----------------------------------------------------------------
GV06-04 207.00 208.24 1.24 1.20 1.51
-----------------------------------------------------------------
GV06-04 218.76 220.00 1.24 1.20 2.61
-----------------------------------------------------------------
GV06-04 225.00 226.24 1.24 1.20 1.64
-----------------------------------------------------------------
GV06-04 284.76 286.00 1.24 1.20 2.36
-----------------------------------------------------------------
GV06-05 35.43 37.00 1.57 1.20 2.93
-----------------------------------------------------------------
GV06-05 43.00 46.00 3.00 2.31 1.04
-----------------------------------------------------------------
GV06-05 70.72 72.29 1.57 1.20 1.06
-----------------------------------------------------------------
GV06-05 78.43 80.00 1.57 1.20 0.73
-----------------------------------------------------------------
GV06-05 84.43 86.00 1.57 1.20 26.15
-----------------------------------------------------------------
GV06-05 105.43 107.00 1.57 1.20 4.05
-----------------------------------------------------------------

-----------------------------------------------------------------
GV06-06 9.68 11.00 1.32 1.20 2.86
-----------------------------------------------------------------
GV06-06 28.84 30.16 1.32 1.20 1.03
-----------------------------------------------------------------
GV06-06 62.68 64.00 1.32 1.20 1.54
-----------------------------------------------------------------
GV06-06 70.84 72.16 1.32 1.20 9.58
-----------------------------------------------------------------

-----------------------------------------------------------------
GV06-07 13.00 14.20 1.20 1.20 4.42
-----------------------------------------------------------------
GV06-07 85.90 87.10 1.20 1.20 2.14
-----------------------------------------------------------------
GV06-07 100.90 102.10 1.20 1.20 1.79
-----------------------------------------------------------------
GV06-07 122.90 124.10 1.20 1.20 0.95
-----------------------------------------------------------------

-----------------------------------------------------------------
GV06-08 17.61 19.00 1.39 1.20 1.67
-----------------------------------------------------------------
GV06-08 117.00 118.39 1.39 1.20 5.35
-----------------------------------------------------------------
GV06-08 131.80 133.19 1.39 1.20 8.60
-----------------------------------------------------------------

-****-

Sampling was completed at 1 metre intervals along the hole length and mineralized intercepts were calculated over a minimum true width of 1.2 metres.

Sampling was completed at 1 metre intervals along the hole length and mineralized intercepts were calculated over a minimum true width of 1.2 metres.

Although a portion of the drill hole intercepts are low grade, these are considered of high interest at Goldenville which is characterized by coarse gold in stacked gold mineralized shoots in multiple bedding parallel quartz veins. Goldenville is the largest past producer in Nova Scotia with historic production of 212,000 ounces of gold to a depth of approximately 200 metres. Acadian Gold has previously announced on March 2, 2005, National Instrument 43-101 compliant indicated and inferred resources totalling 33,429 ounces of gold (62,554 tonnes grading 16.62 g/t (uncut)) and 232,242 ounces of gold (384,596 tonnes grading 18.78 g/t (uncut)) respectively. The bulk of these resources are within 200 metres of surface.

The initial drill results reported above are in line with expectations and merit proceeding to a 2nd phase drill program. The objective of the drill programs is upgrade the category of resources currently classified as inferred to indicated, and to add ounces to the current resource totals. Drilling is being focused on targets, in the general vicinity of the Stuart Shaft which was modernized in the 1980's. The Stuart Shaft and associated underground infrastructure represents a considerable savings in time and capital costs at such time Acadian Gold makes a decision to re-open the mine.

The Goldenville property is one of the key properties in the Company's concept of developing multiple gold deposits and treating the gold bearing material in a central mill.

Acadian controls the mineral claims comprising the Goldenville Mine property and covering 8 kilometres of strike length. Approximately 110 gold bearing quartz veins are reported to occur over an approximate width of 156 metres. Some of these were mined on both the north and south limbs of the anticlinal structures. The eastern portion of the anticline is characterized by saddle veins which are reported (Faribault, Canadian Geological Survey, 1903) to be amongst the largest in the Nova Scotia goldfields.

Acadians' focus is the 1.25 kilometre zone between the Stuart Shaft and the Bluenose Shaft (Stuart-Bluenose Zone). This zone is the location of historic production of 212,000 ounces of gold, over and above the resources of 33,429 ounces (uncut; indicated category) and 232,242 ounces (uncut; inferred category) reported in 2005. The deepest drill hole intercept to date at Goldenville is in the Stuart-Bluenose Zone which assayed 14.67 g/t gold over 1.2 metres at a vertical depth of 317 metres. This demonstrates the depth potential of Goldenville.

The Goldenville Mine property is an advanced exploration/development project which boasts a large historic database generated from exploration programs completed in the 1980s. In addition to 29,074 metres of diamond drilling in 142 drill holes, the three compartment Stuart Shaft was rehabilitated to the 183 metre level which could expediate the development when the decision to go underground is made.

-***-

Table 2: Drill Hole Locations
-------------------------------------------------------------------------------
Easting Northing
(MPH (MPH Length Easting Northing
HOLE# grid) grid) (m) Azimuth Dip (NAD27) (NAD27)
-------------------------------------------------------------------------------
GV2006-01 10695.0 10010.0 135.0 350 -50 577975 4996992
-------------------------------------------------------------------------------
GV2006-02 10525.0 10128.0 81.0 117 -60 577801 4997082
-------------------------------------------------------------------------------
GV2006-03 9800.0 10200.0 224.0 170 -50 577071 4997066
-------------------------------------------------------------------------------
GV2006-04 9690.0 10375.0 303.0 170 -60 576937 4997203
-------------------------------------------------------------------------------
GV2006-05 10175.0 9975.0 156.5 350 -45 577467 4996903
-------------------------------------------------------------------------------
GV2006-06 10080.0 10165.0 99.0 170 -70 577333 4997062
-------------------------------------------------------------------------------
GV2006-07 10000.0 10230.0 140.0 170 -50 577275 4997115
-------------------------------------------------------------------------------
GV2006-08 11090.0 10040.0 141.0 350 -50 578362 4997077
-------------------------------------------------------------------------------

-****-

Lots of volume today which is nice to see.

Could someone comment on the results from these holes? I'm a noob reading these things!

Thanks!

~C

GMP securities is dumping today. Presenting some great deals IMO.

I bought 5,000 shares today, and am looking to add more if it drops to $1.

This is now my second largest holding and I will continue to add if and when it drops.

I added some more today while GPM was selling.

my guess is that they are not done selling yet. JMHO