In August 2009, Adventure Gold acquired a 100% interest in the Casagosic property, located 45 kilometres south-east of Matagami, Quebec. The property consists of 49 mining titles for a total of 1,203 hectares and contains the Casa-Berardi-Cameron Tectonic Gold Zone over a length of 5 kilometres and is adjacent to the Casa Berardi - Lake Shore Gold East Option property owned by Aurizon Mines. Lake Shore Gold announced an important discovery in October 2008 where a drill hole intersected 8.6 g/t Au over 10.4m including 13 g/t Au over 6.5 m ( LSG - Press Release Oct.23, 2008).
The property contains a geological environment similar to the Lake Shore Gold discovery being to the same geological contact between the Taibi Sediments and Turgeon Mafic Volcanic Rocks. Little historical work was carried out on this property, however, a historical drill hole intersected 87 metres of sericite ( MRNF SIGEOM Database) , silica and carbonate schists. Reversed circulation boreholes located very close to the southern boundary of the property have identified an important gold bearing dispersion with values reaching up to 1.6 g/t Au ( MRNF SIGEOM Database) in the basal till at the contact with the bedrock. The source of this gold bearing trail, located on the AGE property, represents a top priority drill target.