Vezza North, Vezza Extension and Bell-Vezza
In August 2009, Adventure Gold acquired a 100% interest in the Bell-Vezza property, located 45 kilometres south-east of Matagami, Quebec. The property consists of 30 mining titles for a total of 1,666 hectares and is located 5 km of the Northway-Noyon and Vezza properties owned by Balmoral Resources and North American Palladium. These properties contain respectively 880, 000 ounces at 1.5 g/t Au ( MRNF SIGEOM - Historical data not compliant with 43-101 disclosure standards and this estimate has not been reviewed by Adventure Gold) and indicated and measured resources of 287,500 ounces at 5.9 g/t Au and inferred resources of 121,500 ounces at 5.0 g/t Au ( PDL - NI 43-101 April 2010)
The property has had very little exploration work. A historical drill hole intersected 1.7 g/t Au over 1.5m (core length) (MRNF SIGEOM Database) in semi-massive bands of pyrite injected of quartz-ankerite veins hosted in altered and very sheared sediments and andesites. The geological environment is very similar to the Vezza and Northway-Noyon deposits.
Vezza North and Vezza Extension - under construction