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Acme Gold Company Ltd V.AGE


Primary Symbol: C.AGE

Acme Gold Company Limited is a Canada-based company engaged in the business of mineral exploration and the acquisition of mineral property assets in Canada. The Company owns a 100% interest in two contiguous mineral claims covering approximately 3,314 hectares (the Old Fort Property) located in the Babine District of northern British Columbia (BC), 22 kilometers (km) north of the village of Granisle, BC. The Old Fort Property lies about 13 km northwest of the past producing Bell copper mine. It owns the Old Fort Property for its potential to host porphyry copper gold mineralization similar to that seen elsewhere in the Babine District, such as the past producing Bell and Granisle mines, and at the Morrison deposit.


CSE:AGE - Post by User

Bullboard Posts
Post by razzsson Oct 11, 2011 3:48pm
258 Views
Post# 19138292

NEWS Release...Lapaska property

NEWS Release...Lapaska property

MAZORRO RESOURCES AND ADVENTURE GOLD BEGIN 4,000 METRE PHASE 2 DRILL PROGRAM ON LAPASKA PROPERTY, VAL D'OR EAST AREA, QUEBEC

Mazorro Resources Inc. and Adventure Gold Inc. have begun a second phase surface diamond drilling program on the Lapaska Gold Property (the "Property") located in the prolific Abitibi Greenstone Belt, 20 km east of Val d'Or, Quebec. The Property, totaling 352 hectares, is wholly-owned by AGE and under option to MZO (see agreement in press release dated December 15, 2010). The second phase drill program, totaling approximately 4,000 metres in ten (10) holes, is designed to test the extensions of the Lapaska Central Zone ("LC Zone") laterally and to the North, the West Zone and several new targets. Results of the first phase drill program on the LC Zone were released last June and July. Highlights included: 1.0 g/t Au over 103.4 metres including 10.3 g/t Au over 3.8 metres (hole LP-11-16) and 1.2 g/t Au over 156.9 metres including 5.8 g/t Au over 3.9 metres and 4.7 g/t Au over 7.1 metres (hole LP-11-17).

The second phase drill program is designed to test east-west and north-south extensions of the LC Zone open laterally and at depth. Additional sub parallel ore shoots and veins that could be repeated close to the LC Zone near the surface will also be drilled. More particularly, magnetic signatures similar to the LC Zone that were observed in a radius of 700 metres will be tested.

The Lapaska Property

The Property is favourably located between the past producing gold deposit Sigma II to the east (161,300 ounces at 2.7 g/t Au: MRNF - SIGEOM Database) which was operated by open pit method and the Simkar gold deposit to the west (NI 43-101 inferred resource of 105,000 oz at 5.3 g/t Au: Megastar - MDV: TSX-V, September 2008). The Property contains three significant gold-bearing zones: the Lapaska Central, West and Lourmet zones and is also strategically located along the prolific Cadillac Larder Lake Gold Break, a regionally extensive structure that is spatially related to numerous gold mines.

An NI 43-101 compliant resource estimate has been completed by Innovexplo, (March 9, 2011) on the Lapaska Central Zone. The table below shows the variations with respect to metric tonnes, ounces and grades for various cut-off grades with respect to the Inferred Resources of the Lapaska Central Zone deposit.

Table 1: Inferred Mineral Resource of Lapaska Central ZoneCut-off Grade (g/t Au)       Tonnes   Avg. Grade (g/t Au)    Ounces of Gold0.5                       2,143,702                  1.15            79,3241.0                         864,563                  1.81            50,3962.0                         219,590                  3.14            22,197     Note: Mineral Resources which are not Mineral Reserves do not have                          demonstrated economic viability.                     

Mr. Jules Riopel, Vice-President Exploration and Acquisitions of Adventure Gold, is acting as qualified person (as defined by NI 43-101) and has reviewed and approved the scientific and technical information in this press release.

We seek Safe Harbor.

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