GFK Resources and Adventure Gold - Drilling Operations Update for the Casa-Cameron Project - 3,000-METRE Phase 1 on Florence Property
16.04.2014 | Marketwire
MONTREAL, April 16, 2014 - GFK Resources Inc. (the "Company" or "GFK") (TSX VENTURE: GFK) and Adventure Gold Inc. (TSX VENTURE: AGE) have provided an update on drilling operations at the Casa-Cameron project (the "Project") on Florence property (the "Property") in the northwest region of the province of Quebec.Drilling at the Property began March 7, 2014 (see news release dated March 3, 2014). At this day, four (4) Diamond Drill Holes totalling 1,663 metres were completed (Figure 1). The drill rig is now on the target no-5, and 200 metres has been completed. The five (5) holes have tested the Chieftain gold deformation zone over a strike length of 1.5 km between the surface and around 275 metres deep. Historical drilling in this area returned up to 1 g/t Au over 26 metres, including 2.9 g/t Au over 3.9 metres and 1 g/t Au over 18.6 metres, including 2.8 g/t Au over 4.2 metres (holes CH-1 and G-91-7: GM55861). For now, a total of 649 drill samples (4 holes) have been submitted for assay. Once assay results have been returned to project operator Adventure Gold Inc., validated, compiled and provided to GFK, those assays will be released as soon as possible.
About the 2014 Exploration Program
The 2014 exploration diamond drilling program on the Casa-Cameron project will be conducted in three (3) phases totaling 9,000 metres of drilling, of which Phase 1, for 3,000 metres is underway on the Florence property. The Project includes nine (9) properties (the "Properties") strategically located along the prolific Casa-Berardi/Cameron Gold Trend, in the Abitibi Greenstone Belt, Quebec (Figure 2). Phase 2 and 3 drilling programs are slated to start respectively in May and September on other Properties of the Project.
Mr. Jules Riopel, Vice-President Exploration and Acquisitions of Adventure Gold and Denis Chenard, P.Eng. of GFK Resources act as the qualified persons (as defined by NI 43-101) and have reviewed and approved the scientific and technical information in this press release. Adventure Gold will act as the field operator for all the exploration work on the Project during the first option as per the agreement between AGE and GFK.
About GFK
GFK Resources Inc. is a mining exploration company focused on discovering high quality gold deposits close to existing mines in the Abitibi Greenstone Belt located in north-west Quebec and north-east Ontario -- one of the most prolific gold deposits areas in the world. GFK holds assets in Val-d'Or and is now optioning / buying from Adventure Gold Inc. new quality assets along the Casa-Berardi-Cameron Gold Break -- a proven environment with strong potential for new gold discoveries and where exploration costs are low. Flagship Casa-Cameron properties are adjacent to: Hecla Mining Company -- Casa Berardi Gold Mine, Metanor Resources Inc.-- Bachelor Gold Mine, Maudore Minerals Ltd.-- Vezza, Discovery and Flordin Gold deposits.
Patrick Fernet, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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For more information, please contact:
Louis Morin
Bid Capital Markets
514.845.1101