Detour Quebec
In October 2009, Adventure Gold announced 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 Ste-Helene felsic complex.
