GFK Resources and Adventure Gold -- Drilling Operations Update for the Casa-CAMERON Project, Quebec -- 3,000-METRE Phase 1 on...
16 4월 2014 - 9:00PM
Marketwired Canada
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.
Source: 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.
Image Available:
http://www.marketwire.com/library/MwGo/2014/4/15/11G014603/Images/Fig1_Florence_update_16avril2014FR-95140881783.jpg
Image Available:
http://www.marketwire.com/library/MwGo/2014/4/15/11G014603/Images/Fig2_Casa_allAGEProp_16avril2014-775356079126.jpg
FOR FURTHER INFORMATION PLEASE CONTACT:
For more information, please contact:
Louis Morin
Bid Capital Markets
514.845.1101
GFK Resources Inc. (TSXV:GFK)
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