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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (198)	2/27/2013 11:02:32 AM
From: Goose94	Respond to of 202448

Adventure Gold (AGE-V) begins exploration at Detour Feb 27, 2013 - News Release Adventure Gold Inc. has commenced a significant exploration program on its 100-per-cent-owned Detour Quebec project along the Detour gold trend (DGT) in Abitibi, Que. The exploration program will consist of airborne and ground geophysical surveys on the best targets identified last year following a comprehensive geological modelling of the DGT. A helicopter-borne electromagnetic VTEM-type survey (VTEM) totalling 575 kilometres, 400 km of detailed ground magnetic surveys and 30 km of induced polarization (IP) surveys are currently under way 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 modelling outlined nine possible distinct bedrock source areas along the Sunday Lake, Massicotte and Lower Detour/Grasset gold deformation zones on the company's 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 press release dated Nov. 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 volcanogenic-massive-sulphide-style gold, zinc and copper mineralization. This geological environment shows some similarities with the Martiniere project located farther 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 grams per tonne Au over 3.9 metres and 11.7 g/t Au over 8.9 metres (see Balmoral Resources press releases dated Aug. 16, 2012, and Jan. 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 chief executive officer of Adventure Gold. The Detour Quebec project includes nine properties, 100 per cent owned by the company, totalling 747 claims and covering a surface area of 40,397 hectares or 404 square km. 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 million ounces of gold (from global measured and indicated resources of 23.3 million ounces and inferred resources of 5.8 million ounces: see Detour Gold Corp. press release dated Jan. 25, 2012). Adventure Gold's Detour Quebec properties are adjacent to Detour Gold properties located on the Ontario border. For more information on the Detour Quebec properties, please visit the company's website. Jules Riopel, PGeo, vice-president of exploration and acquisitions, acting as the company's qualified person as defined by NI 43-101, has reviewed this press release and supervised the exploration program on the Detour Quebec properties. In other news The company also announces that the board of directors has approved the grant of incentive stock options to officers, directors, consultants and employees of Adventure Gold, entitling the holders to acquire an aggregate of 825,000 common shares at a price of 29 cents per share for a period of 10 years. These incentive stock options are granted in accordance with the company's stock option plan. We seek Safe Harbor.