Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company")and RT Minerals Corp. (TSX
VENTURE:RTM) ("RTM") are pleased to reporton the Meunier-144 property (the
"Property") deep drilling program.The Property is contiguous to thewestern
boundary of Lake Shore Gold's (TSX:LSG) ("LSG")Timmins Mine property located in
the West Timmins area, Ontario. The current initial deep drill hole is ongoing
and when completed is estimated to provide a deep cut on the projected target
area at an approximate vertical depth of 2,400m (see figure 1 at
www.adventure-gold.com). This will enable a series of shallower wedge cuts to
obtain further details on shape and extent of major geological structures as
well as potential mineralization. The initial deep hole was collared on
LSG'sTimmins Mine property in August 2010 and is now about 2,600m in core length
and with recent wedging appears to be on track to potentially hit the intended
target by late October 2011. 


This hole is targeting potential zones down plunge and on strike to
mineralization at LSG's 100% owned Timmins Mine gold Deposit where LSG has
previously announced intercepts of up to 13.6 g/t Au over 50.8m and 61.4 g/t Au
over 15.0m (LSG -Press Release August 10, 2010) and where LSG has announced
further drilling results relating to their Thunder Creek project, Rusk Zone, of
up to 75.1 g/t Au over 18.6m (LSG - Press Release March 4, 2011).The Timmins
Mine Deposit straddles a volcanic/sedimentary/ultramafic contact zone, within a
folded sequence that plunges about 54 degrees to the west-northwest towards the
Property.


LSG's Timmins Mine ore body has demonstrated vertical persistence as it can be
traced down-plunge for a distance of approximately 1,500m from surface, and
remains open at depth. Newly emerging and significant fold structures and
complexities are now becoming apparent on the deepest sections of the Timmins
Mine from LSG drilling. Overall, the gross geometry of the structure has
remained consistent from surface to a 1,300m vertical depth and it is apparent
that this geometry and structure continues to depth toward and potentially onto
the Meunier-144 property.


Exercise of the Original Option by AGEand the First Option by RTM and LSG

AGE, RTM and LSGhave recently fulfilled all their commitments and earned
respectively 75%, 12.5% and 12.5% interest each in and to the Property (see
Press Releases available on the Company's website for more details on the option
agreement dated July 8, 2008, and as amended on June 1, 2009, and May 5, 2010).
In addition, RTM and LSG elected to exercise the Second Option to acquire an
additional 12.5% interest each in and to the Property. 


Quality Control

Jules Riopel,P.Geo., Vice-President Exploration and Acquisitions, acting as the
Company's "Qualified Person" as defined by NI 43-101, has reviewed this press
release.LSG is the field manager for the deep drilling program carried out on
the Property. 


Profile:

Adventure Gold Inc. is a mineral exploration company focused on discovering
high-quality gold deposits in the Abitibi Greenstone Belt located in
northwestern Quebec and northeastern Ontario - one of the richest gold deposit
areas in the world. Adventure Gold holds quality assets in the Val-d'Or,
Rouyn-Noranda and Timmins areas and is led by determined management and
technical teams with extensive exploration and mine production experience.
Adventure Gold is proud to count on highly regarded partners such as
Agnico-Eagle Mines Limited and Lake Shore Gold Corp. to explore its
advanced-stage gold properties. 


Follow Adventure Gold on:

Twitter: http://twitter.com/Adventure_AGE 

LinkedIn: http://www.linkedin.com/company/2253943

The foregoing information may contain forward-looking statements and events
relating to the future performance of the Company. Forward-looking statements,
specifically those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in the Company's filings with the
appropriate regulatory authorities. We seek safe harbour.


RT Minerals (TSXV:RTM)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more RT Minerals Charts.
RT Minerals (TSXV:RTM)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more RT Minerals Charts.