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Adventure Gold Acquires Five Highly Prospective Gold Properties Along the Detour Lake Gold Break

^{Published on 2009-10-28 08:10:43 - Market Wire}
 

MONTREAL, QUEBEC--(Marketwire - Oct. 28, 2009) - Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company"), is pleased to announce the acquisition of five gold properties, by staking and map designation, along the Detour Lake Gold Break in the Haricana-Turgeon Belt, in Abitibi, Canada. These new property acquisitions, 100%-owned by the Company, further enhance a growing portfolio of properties and generate new gold projects along major under-explored gold structures in Abitibi. They consist of 120 claims and cover an area of 6,651 hectares. These properties are strategically located over 25 km on the gold break between the Detour Lake mining project (proven and probable reserves of 8.8M oz Au, estimated from a global measured and indicated resources of 17.3M oz and inferred resources of 2.4M oz, Detour Lake Gold - 43-101 pre-feasibility report, September 2009) and the Fenelon American Bonanza gold deposit (measured and indicated resources of 30,200 oz and inferred resources of 11,200 oz - Innovexplo, 43-101 report, 2005).

These new properties have a high potential of discovery similar to the Abitibi gold mining camps associated with major gold structures. Historical drilling intersected gold structures, with values ranging up to 18.3 g/t Au over 1.1m, gold showings in outcrop ranging up to 54.0 g/t Au, and many significant gold till anomalies ranging between 1.0 g/t Au and 5.2 g/t Au, and electromagnetic conductors ("EM") (not adequately tested) have permitted the Company to selectively target prospective areas favourable for a new discoveries. The Massicotte, Casgrain and Nantel properties are located along the Massicotte-Grasset deformation break while the Sicotte property is located to the east of the Brouillian pluton and the St-Helene felsic complex. For more information on the property locations, please visit our website at [ www.adventure-gold.com ].

Casgrain Property

The Casgrain property spans more than 18 km of the Massicotte-Grasset deformation break, a gold structure which encompasses many gold intersections with values of 7.7 g/t Au over 7.2m, 4.8 g/t Au over 13.3m and 24.1 g/t Au over 2.5m on the adjacent property to the west. This property also encloses the section of the deformation break known as Lower Detour Lake and its junction with the Massicotte Fault. A historical drill hole intersected 18.3 g/t Au over 1.1m on the eastern sector of the Casgrain property.

A compilation of the till geochemical survey on the entire Detour Lake sector indicated the presence of gold anomalies ranging between 1.0 g/t Au and 3.6 g/t Au. Following the dispersal train towards the south-east, historical drill-hole positions have outlined two distinct bedrock sources. The first sector is located to the south-west and is associated with the Lower Detour Lake deformation zone. The second sector is in the north-west section where the bedrock source likely corresponds to a deformation zone bordering on a felsic intrusion.

This property also presents a high potential for discovery of massive sulphide volcanogenic deposits ("VMS"). Diamond drilling in 1970, defined a felsic centre of over 4.5 km in length. To the top of the felsic centre, exhalative horizons which are highly anomalous in copper and zinc and ranging up to 1.8% Cu, 2.0% Zn and 7.8 g/t Ag over 1.0m, were observed. Isolated Megatem anomalies located to the top of felsic centre have remained un-tested and represent future drilling targets.

Massicotte Property

The Massicotte property is located 15 km from the Detour Lake mining project on the Quebec and Ontario border, along the Massicotte fault. The compilation of the till geochemical survey increased our interest in this sector due to the presence of significant gold anomalies ranging between 1.0 and 5.2 g/t Au. Following a gold dispersal train towards the south-west, historical drill-hole positions have outlined two distinct bedrock sources. The most interesting sector is located to the north-east and is associated with the Massicotte deformation zone. The targets are well confined and could be ready-to-drill.

Sicotte Property

The Sicotte property is located 16 km east of the Selbaie Mine, which produced 53 Mt @ 1% Cu, 1.9% Zn, 0.6 g/t Au and 4.1 g/t Ag between 1982 and 2005. The property geology hosted felsic rock related to the Selbaie Mine sequence, andesitic rocks and mafic and felsic intrusions (quartz-feldspath porphyry) belonging to the Brouillian volcanic complex. The property encloses three gold showings of interest including the Ruisseau Twinning showing, characterised by a network of quartz-tourmaline veins hosted in altered diorite affected by a carbonate and sericite alteration and a dissemination of pyrite, chalcopyrite and sphalerite. High gold values ranging between 8 and 54 g/t Au (grab sample) were identified. An important ductile deformation zone of over 50 meters in thickness oriented towards the E-W and strongly altered in carbonate and silica equally affects the diorite of the Ruisseau Twinning showing. In addition, the property also includes the Lac Sicotte NE showing and a drill intersection returned values of 2.5 and 2.3 g/t Au over 1.5 and 1.0m respectively. The mineralization of these showings are associated with a network of quartz veins hosted in carbonate and silicified felsic rock and contains dissemination of pyrite and chalcopyrite. An induced polarization geophysic survey ("IP") is proposed to define the mineralized system. Drilling will follow to test the high-priority targets.

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.

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.

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.