OSISKO MINING CORPORATION BEGINS...EXPLORATION ON THREEGOLD’S ADANAC PROJECT
Val-d’Or, Québec, Canada – June 28,2011 –Threegold Resources Inc. (“Threegold” or the
“Company”) (THG: TSX Venture exchange) is pleased to announce that Osisko Mining
Corporation (“Osisko”) has begun exploration on the Adanac Gold Project. Preliminary work on
Adanac includes some data validation and integration of previous data into a comprehensive
database, relogging of some key holes, characterization of the known alteration and
mineralization and extensive surface sampling. Diamond drilling is scheduled to commence
thereafter. Osisko is currently planning on spending approximately $750,000 on Adanac for the
first year of exploration. The target is a low grade, bulk tonnage gold deposit. Geology and
alteration mineralogy at Adanac are similar to what has been observed at Canadian Malartic.
Osisko has also commenced compiling and analyzing exploration data on Threegold’s Standard
Gold property, located in Duverny Township, Abitibi. Osisko is currently planning on spending
approximately $500,000 on the Standard Gold Property for the first year of exploration.
About the Adanac Property
The Adanac Project is located on a southern splay of the famous Cadillac Larder Lake Break that is
host to an
impressive number of historical and current mines that collectively produced almost
100 million onces of gold. The area has been gaining significant attention with the recent
exploration success of Gold Bullion Development Corp on their flagship Granada project, which
lies immediately adjacent to the Adanac property along the western claim boundary. The Adanac
property consists in 91 claims covering 3276 hectares and is underlain by Pontiac and
Temiscaming metasedimentary rocks that have been strongly deformed and sheared. An
unknown quantity of gold has historically been produced on the property mostly from the Adanac
shaft that reaches a depth of 98 metres opening on 3 sublevels. Threegold began exploring the
project through property-scale geochemical and geophysical surveys between 2007 and 2009
followed by a 4,474-metre, 22-hole diamond drilling program carried out in the fall of 2009 to
investigate the most significant targets on the project. This program helped outline a 1.8-
kilometre gold trend on the project.
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