Threegold Receives Preliminary Report and Signs an Options the Mont-de-l'Aigle Property (2007-01-17)
VAL-D'OR, QUEBEC--(CCNMatthews - Jan. 17, 2007) - Threegold Resources Inc. (TSX VENTURE:THG) is pleased to inform its shareholders that it has received a preliminary report on its summer and fall fieldwork carried out on its Lemieux Dome Project in the Gaspe, Quebec. Threegold would also like to announce that it has signed an agreement with Ressources Appalaches for the acquisition of a 50% interest in the Mont-de-l'Aigle Property adjacent to Threegold's Lemieux Dome Project.
Fieldwork in 2006 was under the supervision of Mr. Robert Tremblay, an independent geologist, and consisted of visiting and sampling known showings in order to determine the various styles of base and precious styles mineralization present on the project area. Based on these visits and an understanding of the mineralization, 12 trenches were excavated to test extensions to the known mineralization and locate new zones of mineralization. All trenches were sampled in a systematic manner and a total of 133 grab samples were collected. All 133 samples were sent for precious and base metal assays at Laboratoire Expert of Rouyn Noranda, Quebec. Results are awaited.
To obtain complete land coverage of the Lemieux Dome, Threegold has signed an agreement with Ressources Appalaches for the Mont-de-l'Aigle Property. Under the terms of the agreement, Threegold Resources is required to incur 2M$ in exploration expenditures within 5 years in order to earn a 50% interest in the property. The Mont-de-l'Aigle Property covers 225 mineral claims equating to 12,356 hectares of rocks complementary to the Lemieux Dome Project. Appalaches Ressources carried over 2M$ in exploration expenditures on the project resulting in the discovery of numerous showings; Hupe, 12,3% Cu, Duchesne, 6,3% Cu, Turcotte, 4,8% Cu as well as Pardiac, 8,8% Cu. With this most recent agreement, Threegold Resources, now, has access to the entire geological structure known as the Lemieux Dome and where as many as 7 historical zinc-lead operations are known to have existed since 1909.
The Lemieux Dome Project is centered on a Siluro-Devonian circular structure resulting from the emplacement of an underlying pluton causing widespread epithermal-type mineralization. The property is crosscut by numerous fault systems along which the copper-gold mineralization tends to follow the north-south structures while zinc-lead is be preferentially emplaced along southeast-northwest structures.
The company is also expecting the final results from the MMI soil surveys carried out on the Adanac and Frotet-Robert Properties during the summer of 2006. The Adanac Property is a 100% owned gold project located outside the town of Rouyn-Noranda whereas Threegold has an option to acquire a 100% on the Frotet-Robert host to volcanogenic precious and base metal occurences.
For further information, please contact:
Antoine Fournier, P.Geo.
Threegold Resources Inc
Tel.: (819) 825-3883
Fax: (819) 825-7545
Octavio Soares, FCA
Chief Financial Officer
Threegold Resources Inc
Tel.: (418) 999-8811
Fax: (418) 652-8149
S.D.N.L. Financial Communications
Tel: (514) 380-5610
You can also visit our website: threegold.ca
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
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