Since 2009, Adventure Gold acquired nine gold properties, by staking, map designation and by signing three agreements, 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 758 claims and cover an area of 41,000 hectares. These properties are strategically located over 80 km on the gold break between the Detour Lake mining project (proven and probable reserves of 15.6M oz Au, estimated from a global measured and indicated resources of 23.3M oz and inferred resources of 5.8M oz (DGC - Press release Jan. 25, 2012) and the Fenelon Balmoral Resources gold deposit (measured and indicated resources of 30,217 oz and inferred resources of 11,203 oz - BAR - 43-101 report, Jan. 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 (core length), 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 (MRNF SIGEOM & OGS Database). The Massicotte, Casgrain, Casgrain Extension, Gaudet and Nantel properties are located along the Massicotte-Grasset deformation break, Manthet, Martigny and Martigny Extension along the subsidiaries faults of Sunday Lake Deformation Zone while the Sicotte property is located to the east of the Brouillian pluton.