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AGE - Adventure Gold Inc. TSX-V

post #1 of 17
Thread Starter 
Adventure Gold Announces a 1,400-Metre Drill Program on the Meunier-144 Property in the West Timmins Area

MONTREAL, QUEBEC--(Marketwire - June 17, 2009) - Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company"), a mining exploration company with strategic properties in the Timmins region of Ontario and in the Val d'Or region of Quebec is pleased to announce that a three-hole 1,400-metre drill program is currently ongoing on the Meunier-144 property (please see location figure at www.adventure-gold.com).

The Meunier-144 property adjoins the Timmins West Gold property and is located less than 1 kilometre west of the gold deposit where, Lake Shore Gold Corp. announced in 2007 a gold mineral resource of 1.3 million ounces at 12.3 g/t Au (uncut) in the indicated category. This property also adjoins the Thunder Creek property, a 50-50 joint venture project between West Timmins Corp. and Lake Shore Gold Corp., which encompasses the Rusk Zone where recent drill results returned up to 24.1 g/t Au over 7 metres. In addition, the Meunier-144 property hosts the Bristol Fault, a regionally extensive structure spatially related to the Timmins West gold deposit. Adventure Gold's ongoing drill program is designed to test at least five Induced Polarization (IP) anomalies which may correspond with near surface gold mineralisation. One hole will also test the Bristol fault rock package 1.5 kilometres west of the Timmins West gold deposit.

"We are very excited to start our first drill program on the Meunier-144 property. The last exploration work on the property, done in 1996, identified IP anomalies which remained untested until today and represent quality drilling targets. Our first objective is to test these near surface targets. Our second objective is to get information from this area in order to prepare a future deeper drill program." stated Marco Gagnon, President and CEO of Adventure Gold Inc.

Jules Riopel P.Geo. Vice-President Exploration and Acquisitions, who acts as the Company's "Qualified Person" as defined by NI 43-101, has reviewed this press release and will supervise the ongoing drill program.

Profile:

Adventure Gold Inc. is a mining exploration company focused on discovering high quality gold deposits in the Abitibi greenstone belt located in north-west Quebec and north-east Ontario - one of the richest gold deposit areas in the world. Adventure Gold holds quality assets in the Val-d'Or, Quebec and Timmins, Ontario areas and is led by a determined management and technical teams with extensive exploration and mine production experience. The Company will be active in 2009 with $1,150,000 slated for exploration in the Val-d'Or and Timmins regions and will continue to aggressively seek new properties in compliance with the corporate strategy.


FOR FURTHER INFORMATION PLEASE CONTACT:

Adventure Gold Inc.
Marco Gagnon
President & CEO
613-745-4041

marco@adventure-gold.com



Adventure Gold Inc.
Jules Riopel
Vice-President Exploration and Acquisitions
819-797-9770

jules@adventure-gold.com
www.adventure-gold.com

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.


Source: Marketwire Canada (June 17, 2009 - 9:34 AM EDT)

News by QuoteMedia
www.quotemedia.com
post #2 of 17
Thread Starter 
Might be a good buy @0.15, Drilling next to Lake Shore Gold Corp. (LSG) and West Timmins Mining Inc.(WTM)

The news is a month old so there should be an update soon
post #3 of 17
Yes and there may be renewed interest in the LSG WTM area if more drilling comes from LSG at Thunder Creek and also from WTM at some of their other properties.
PX also in there very close to that last big hole from LSG and is directly south of where AGE is drilling.
post #4 of 17
Thread Starter 
Good one to watch for Monday, Hit a new high Friday.

news to come on there 1,400-Metre Drill Program next to WTM and LSG

any one holding this stock?
post #5 of 17
picked up a little last week . got drilling rights to 3 properties in quebec.that seems to be the reason for the 50% bounce on thursday.
post #6 of 17
Thread Starter 
Meunier-144 Property in the West Timmins Area. Map link

http://www.adventure-gold.com/common...NE_17-FIG1.pdf
post #7 of 17
Thread Starter 
Adventure Gold agreement for seven Quebec claims

2009-08-12 16:26 ET - Property Agreement

The TSX Venture Exchange has accepted for filing the documentation relating to a property acquisition agreement dated July 31, 2009, between Adventure Gold Inc. and five independent prospectors whereby the company will acquire a 100-per-cent interest in seven claims in the Bruneau property, located southwest of Matagami, in the province of Quebec.

The company is required to pay $2,000 total in cash as well issue a total of 100,000 common shares and 100,000 common share purchase warrants. Each warrant is exercisable at a price of 25 cents for a period of three years following the signing of the agreement.

The vendors will retain a 2-per-cent net smelter return of which the company will have the right to purchase 1 per cent by paying the vendors $500,000.
post #8 of 17
up nicely today on above average volume.
results soon?
post #9 of 17
Thread Starter 
Yes great close up +28% @.18

I just sent them an email for news on the three-hole 1,400-metre drill program, in the west Timmins Area.
post #10 of 17
like to get some more before those results come out.wtm has been slow since the merger
plan so i sold some today .put that to age tomorrow maybe.right now gotta sell to buy.
post #11 of 17
big volume today .no news.anyone hear anything?
post #12 of 17
big volume today. no news. anyone hear anything?
post #13 of 17
results from meunier drilling in.disappointing .what to do sell or wait til next year
post #14 of 17
agnico eagle enters into agreement on val dor area property.that along with lsg agreement in timmins which is being drilled now could be good.share price may move nicely come the fall .
post #15 of 17
acquired land package spitting distance from gbb granada property .16 feet from positive drill hole.hit 52 week high, on a good run .anyone else in or looking at this one?i continue to hold thinking about adding.
post #16 of 17
up 27% at time of writing .avg volume is 159000.today 4.6 million.up over 100% in last 2 weeks and aside from acquiring some land next to a good drill hole.im not sure why.they have properties in all the right spots in quebec and ontario but not alot of drilling has been done.perhaps lsg timmins jv has leaked something good .i dont know.wish i added 2 days ago instead of thinking about it but i am happy this stock is heading north
post #17 of 17
lol felt this stock had run too far too fast on too little work .hit .37 ,got stopped out at .31
waited for pullback into low .20.never happened.at .43 at time of writing.nice profit but
man.
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