In July 2008, Adventure Gold acquired a 100% interest in the Senore gold property, which includes the Resenor gold deposit, and is located 22 kilometres north-east of Val d'Or, Quebec. The property consists of 17 mining titles for a total of 729 hectares and is adjacent to and located one kilometre north of the Beaufor Mine, a producing gold mine operated by Richmont Mines.The property hosts three mineralized parallel zones within 800 meters. The Resenor gold deposit with a historical resources of 181,00 tonnes at 8.6 g/t Au (MRNF - GM 41895 - not compliant with 43-101 disclosure standards and this estimate has not been reviewed by Adventure Gold), located in the southern-most zone, has a 150 metre deep shaft and underground workings (MRNF - GM 08507). The geological context is similar to that of the Beaufor Mine gold system, which has produced over 1,000,000 ounces Au (including production of Perron and Pascalis former mines - RIC - Press Release March 23,2010).
Drilling on the Senore and Beaufor North properties identified a new gold structure grading 8.7 g/t Au over 1.2 metres (core length) located 550 metres north of the Resenor Zone and less than 20 metres from the surface. This new discovery, intersected by drill hole SE-08-16, is associated to a quartz tourmaline vein of 0.6 metre in thickness with 2% pyrite, chalcopyrite and pyrrhotite. The gold vein is continuous within a deformation corridor with a thickness of over 4 metres, containing a sheared diorite dyke and a second quartz tourmaline vein of 0.8 metres thick. The angle at which the veins intersect the drill holes suggests that the direction and dip of the new Zone could be parallel to the Resenor Zone. The geological context is similar to that of the Beaufor Mine gold system, which has produced over 1,000,000 ounces of gold (including production of Perron and Pascalis former mines - RIC - Press Release March 23,2010).
Work done in the 1940's established a non NI 43-101 compliant historical gold resource of 181,400 tonnes at 8.6 g/t (MRNF - GM 41895, not reviewed by Adventure Gold). Some of the best historical drill intersection reported in this zone were 11.7 g/t Au over 5.0 metres and 4.1 g/t Au over 5.3 metres (core length - MRNF - GM 34700). At the regional and local scale, the geological situation of the Property appears very favourable for the identification of new high-grade gold-bearing structures associated with the eastern edge of the Bourlamaque batholith where many gold deposits have been found.