Acadian Gold Intersects 52 Metres '170.5 Feet' Grading 2.64 g/t Gold And 24 Metres '78.7 Feet' Grading 5.9 g/t Gold On It's Open Pit Drilling Program At Beaver Dam, Nova Scotia.HALIFAX, Nova Scotia For other uses, see Halifax. Halifax, Nova Scotia may refer to any of the following:
The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. ASSAYS PENDING FOR 6 MORE DRILL HOLES Acadian Gold Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ADA Ada, city, United States Ada (ā`ə), city (1990 pop. 15,820), seat of Pontotoc co., S central Okla.; inc. 1904. It is a large cattle market and the center of a rich oil and ranch area. ) ("Acadian Gold") announced more drill results today from its first phase diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral program testing the open pit potential of its 100% owned Beaver Dam Beaver Dam, city (1990 pop. 14,196), Dodge co., SE Wis., on Beaver Dam Lake, in a productive farm and dairy area; inc. 1856. Industries included food processing, metal and metal products fabrication, printing, and machinery manufacturing. Property in the Nova Scotia Nova Scotia (nō`və skō`shə) [Lat.,=new Scotland], province (2001 pop. 908,007), 21,425 sq mi (55,491 sq km), E Canada. Geography goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. . In addition to the first 6 holes previously reported (PR No. 9-05; Sept. 6, 2005; see below) 4 more holes, making a total of 10, have hit wide zones of gold mineralization. Drill holes of particular note include BD2005-08 which intersected 24 metres (78.7 feet) grading 5.9 g/t gold including 1 metre metre In poetry, the rhythmic pattern of a poetic line. Various principles have been devised to organize poetic lines into rhythmic units. Quantitative verse, the metre of Classical Greek and Latin poetry, measures the length of time required to pronounce syllables, (3.3 feet) grading 108 g/t gold, and BD2005-10 which intersected 52 metres (170.5 feet) grading 2.64 g/t gold. Drill hole BD2005-10 ended in mineralization with the last metre grading 89.4 g/t gold. Details of assay results for the 4 new holes, BD2005-07 to BD2005-10, as well as the first 6 previously released holes are provided below.
New Drill Results - DDH BD2005-07 to 10
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Grade
Hole From To Interval (Uncut)
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(m) (m) (m) g/t
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BD2005-07 11 56 45 0.64
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including 36 56 20 1.04
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BD2005-08 13 37 24 5.9
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including 17 18 1 108
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including 22 34 12 1.94
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BD2005-09 12 40 28 0.96
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including 26 40 14 1.43
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BD2005-10 61 113 52 2.64
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including 78 90 12 1.95
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(i)including 112 113 1 89.4
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Widths above are drill intercepts and not true width
(i) Hole BD2005-10 ended in mineralization 89.4g/t/1m
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Previously Released Drill Results (Sept. 6, 2005) DDH BD2005-01 to 06
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Grade
Hole From To Interval (Uncut)
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(m) (m) (m) g/t
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BD2005-01 32 63 31 2.28
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including 37 55 18 3.39
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including 37 46 9 4.1
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including 49 56 7 3.51
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BD2005-02 61 98 37 1.26
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including 79 98 19 1.93
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BD2005-03 26 69 43 1.69
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including 26 53 27 2.52
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including 46 53 7 7.25
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BD2005-04 15 55 40 0.75
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including 15 41 26 1.03
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BD2005-05(i) 49 52 3 4.31
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and 59 101 42 1.66
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including 78 101 23 2.62
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including 90 101 11 5.01
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BD2005-06 5 8 3 7.57
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and 21 24 3 1.63
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and 32 64 32 1.81
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including 38 47 9 3.89
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Widths above are drill intercepts and not true
width
(i) Hole 5 ended in mineralization-3.6g/t/1m
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For details pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to drill hole co-ordinates and collar elevations please see PR No. 09-05, September 6, 2005. Drill holes BD2005-07, BD2005-08 and BD2005-10 on Section 1100-E are notable in that they represent up-dip intersections of extensive gold mineralization intersected at depth in historic drilling. The results of these deeper historic intersections which are included in current resource calculations (PR No. 29-04; December 22, 2004) are provided in the table below and illustrated in the following diagram. For a map of the Beaver Dam Property Cross Section 1100E Looking East, please click on the link below: http://www.ccnmatthews.com/docs/ada1.pdf
Historical Drill Results - Section 1100-E
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Grade
Hole From To Interval (Uncut)
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(m) (m) (m) g/t
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BD78-006 2.00 5.00 3.00 0.91
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and 9.00 12.00 3.00 1.12
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and 24.15 86.45 62.30 2.41
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including 45.26 51.82 6.56 11.63
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including 63.55 71.45 7.90 15.06
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including 73.76 79.25 5.49 1.81
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including 82.6 84.43 1.83 14.24
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BD85-068 49.75 52.75 3.00 2.39
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and 57.81 60.81 3.00 1.32
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and 82.23 113.12 30.89 2.75
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including 90.86 96.62 5.79 18.21
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BD85-062 115.08 118.08 3.00 0.79
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and 129.79 159.15 29.36 3.94
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including 129.84 133.33 3.49 22.16
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including 131.54 132.12 0.58 72.00
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including 137.16 142.57 5.41 21.76
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including 142.04 142.57 0.53 85.30
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and 164.00 167.00 3.00 1.37
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BD86-013 175.71 182.51 6.80 1.61
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including 182 182.32 0.32 20.30
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and 188.92 194.82 5.90 0.87
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and 200.00 206.44 6.44 1.02
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and 217.93 230.88 12.95 3.17
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including 226.65 227.79 1.14 29.60
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BD86-015 200.05 222.18 22.13 6.1
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including 200.06 214.07 14.01 10.03
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including 210.57 214.07 3.50 25.07
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and 226.97 257.62 30.65 0.75
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BD86-020 269.14 280.00 10.86 5.97
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including 269.18 270.4 1.22 49.90
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and 290.98 309.07 18.09 21.36
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including 298.36 306.47 8.11 112.36
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including 298.36 298.78 0.42 814.00
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including 300 300.44 0.44 56.80
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including 303.5 303.91 0.41 29.50
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BD86-045 333.32 335.24 1.92 6.75
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and 340.12 348.4 8.28 4.26
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and 353.41 358.9 5.49 12.09
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The diamond drilling program at Beaver Dam was designed to increase the resource density (tonnes of resources per metre of depth) in the first 50 metres of depth within the boundary of a possible open pit as well as test the strike extension of the presently defined gold mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. zone. The drill holes were located to fill in information gaps due to incomplete sampling and wide spacing between certain drill holes in the historical drill programs. Historical drilling at Beaver Dam was focused on defining gold mineralized zones amenable AMENABLE. Responsible; subject to answer in a court of justice liable to punishment. to underground mining versus Acadian Gold's current strategy of outlining gold resources amenable to open pit mining. However, not withstanding the focus on drilling for near surface gold resources, the deeper historical drill results on Section 1100-E are noteworthy in two respects. Firstly, an increase in grade with depth is evident, and secondly, it points to potential for a bulk mineable underground deposit below the zone being evaluated for possible open pit development. Management's Opinion Management is pleased that the results of the 4 newly released drill holes continue to support the potential for gold deposits amenable to open pit mining at Beaver Dam. Will Felderhof, President and C.E.O., stated: "These results are well in line with our expectations and demonstrate the continuity and predictability of this gold mineralized structure. These results provide a solid level of confidence to our plan for an expanded second phase drill program scheduled to commence shortly after receipt of results from the remaining six drill holes." Beaver Dam - General Description Five target zones hosting gold mineralization have been identified on the property: the Main, Mex Pit, East, Mill Shaft and North Zones. The gold zone presently showing potential for an open pit is the Main Zone which covers a strike length of 500 metres between section lines Section lines in the United States are one mile apart. When surveyors originally map an area, for instance a township, it was their custom to divide the new township into 36 - 1 square mile sections. Property ownership often followed this layout. A section is a 1 by 1 mile area. 650E and 1150E, and is open in both directions as well as at depth. The gold mineralized structure is characterized char·ac·ter·ize tr.v. character·ized, character·iz·ing, character·iz·es 1. To describe the qualities or peculiarities of: characterized the warden as ruthless. 2. by a quartz-veined, sulphidic (pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. , pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. , arsenopyrite arsenopyrite (är'sĭnōpī`rīt, ärsĕn`ō–) or mispickel (mĭs`pĭkəl), silver-white to steel-gray mineral with the metallic luster characteristic of a pyrite. , chalcopyrite chalcopyrite (kăl'kəpī`rīt, kăl`kōpī'rīt) or copper pyrites (pīrī`tēz, pə–), brass-yellow mineral, sometimes with an iridescent tarnish. and galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead. ) (2-5%) package of interbedded argillite ar·gil·lite n. A metamorphic rock, intermediate between shale and slate, that does not possess true slaty cleavage. [Latin argilla, argil; see argil + -ite1. and greywacke Greywacke (German grauwacke, signifying a grey, earthy rock) is a variety of sandstone generally characterized by its hardness, dark color, and poorly-sorted, angular grains of quartz, feldspar, and small rock fragments set in a compact, clay-fine matrix. striking east-west and dipping approximately 72 degrees north. Gold mineralization occurs both as coarse gold in quartz veins and disseminations in argillite. For a map of the Beaver beaver, either of two large aquatic rodents, Castor fiber and Castor canadensis, known for their engineering feats. They were once widespread in N and central Eurasia except E Siberia, and in North America from the arctic tree line to the S United Dam-Detailed Area, please click on the link below: http://www.ccnmatthews.com/docs/ada2.doc The Company has previously reported (Press Release December 16, 2004) gold resources hosted predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. in the Main Zone totalling 101,750 ounces in the measured and indicated category plus 336,657 ounces in the inferred category, based on historical drilling. Details are provided below:
Measured, Indicated and Inferred Resources
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Gold
Category Gold Grade Tonnes Grade Gold Grade (g/t)
Threshold (rounded) (g/t) Ounces 10 g/t Cut
(g/t)(i) Uncut Uncut (iii)
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Measured 0.30g/t/3.00m 219,000 2.32 16,377 2.22
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Indicated 0.30g/t/3.00m 1,110,000 2.39 85,373 2.23
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Inferred(ii) 0.30g/t/3.00m 3,808,000 2.73 336,657 2.10
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(i) Threshold; 0.30 g/t/3m above 200 metres in depth and 1.00 g/t/3m below 200 in metres depth. (ii) The inferred resources are in addition to the measured and indicated resources. (iii) Block grades greater than 10.00 g/t cut to 10.00 g/t. A re-evaluation of these gold resources, based on a better geological understanding of the deposit and new information from current drill results, is underway and will result in revisions to these figures. The Beaver Dam project is located 19.5 kilometres northeast of, and on the same anticlinal anticlinal /an·ti·clin·al/ (-kli´n'l) sloping or inclined in opposite directions. an·ti·cli·nal adj. Inclined in opposite directions, as two sides of a pyramid. structure hosting the Touquoy gold deposits being developed as an open pit mine by Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. listed Atlantic Gold NL ("Atlantic Gold") and Moose River Moose River River, northeastern Ontario, Canada. It flows northeast for more than 60 mi (100 km) to empty into James Bay. A wide stream, it is actually the estuary for several rivers, including the Abitibi and Mattagami. Resources Ltd., a private Nova Scotia company. Atlantic Gold has announced (July 12, 2004, Australian Stock Exchange) the Touquoy project, which is in the feasibility stage, to host gold resources of 354,000 ounces (5,310,000 tonnes at 2.0 g/t) in the indicated category plus 217,000 ounces (3,120,000 tonnes at 2.2 g/t) in the inferred category. Atlantic Gold also reported that the deposits have scope for expansion. Sample Protocol All drilling, core logging and sampling is supervised su·per·vise tr.v. su·per·vised, su·per·vis·ing, su·per·vis·es To have the charge and direction of; superintend. [Middle English *supervisen, from Medieval Latin by Peter C. Webster Webster, town (1990 pop. 16,196), Worcester co., S Mass., near the Conn. line; settled c.1713, set off from Dudley and Oxford and inc. 1832. The chief manufactures are footwear, fabrics, and textiles. , P. Geo. and pertinent information is recorded by staff geologists into a computerized computerized adapted for analysis, storage and retrieval on a computer. computerized axial tomography see computed tomography. system. Drill core is stored and sampled in a secure locked facility. One metre core sample intervals are established over the entire hole length by staff geologists and sample intervals are recorded. Core is cut by a diamond tipped saw and one half of the core is sampled. Samples are bagged and labelled with pre-numbered sample tags, sealed with a metal tie and secured in sealed buckets for shipment by courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. to ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex in Mississauga, Ontario For the First Nation, see . Mississauga (pronounced: [ˌmɪsɪˈsɑgə] listen . Once received by the lab, samples are logged in a sample tracking system and received weights are recorded. The entire sample is coarse crushed and pulverized pul·ver·ize v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. to approximately 85% passing 75 micron micron: see micrometer. One micrometer, which is one millionth of a meter or approximately 1/25,000 of an inch. The tiny elements that make up a transistor on a chip are measured in micrometers and nanometers. See process technology. (200 Mesh) to generate the plus and minus fractions for the 150 Mesh screen analysis. The final prepared pulp is passed through a 105 micron (Tyler 150 Mesh) stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. screen to separate the oversize o·ver·size n. 1. A size that is larger than usual. 2. An oversize article or object. adj. o·ver·size also o·ver·sized Larger in size than usual or necessary. Adj. 1. fractions. Any +105 micron material remaining on the screen is retained and analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. in its entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. by fire assay with gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish and reported as the Au (+) fraction result. The -105 micron fraction is homogenized ho·mog·e·nize v. ho·mog·e·nized, ho·mog·e·niz·ing, ho·mog·e·niz·es v.tr. 1. To make homogeneous. 2. a. To reduce to particles and disperse throughout a fluid. b. and two sub-samples are analyzed by fire assay with AAS finish. The average of the two AAS results is taken and reported as the Au (-) fraction result. The Au (+) and Au (-) are weight averaged to produce a total gold value for the sample. Blind standards and blanks are inserted at standard intervals by Acadian Gold and ALS Chemex as check samples. About Acadian Gold Acadian Gold is a gold exploration company focused on developing 5 advanced gold projects as well as 34 others in the Nova Scotia goldfields in Canada. The Company is presently concentrating on developing 4 advanced gold properties, all of which are 100% controlled: Beaver Dam, Forest Hill, Tangier, and Goldenville. Each of these 4 properties hosts gold resources described in technical reports prepared in compliance with National Instrument 43-101 and available on www.sedar.com. Acadian Gold is bringing a new approach to the development of Nova Scotia gold deposits by pursuing a multiple mine-central processing, managing and servicing strategy. Other Peter C. Webster, P. Geo., is responsible for the management and supervision of the Company's exploration program and is responsible for the preparation of the technical information reported in this news release. Mr. Webster is an independent third party geologist, President of Mercator Geological Services Limited and a qualified person as defined by National Instrument 43-101. Certain information regarding the Company contained herein may constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's 2004 Annual Report which is available at www.sedar.com. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. For additional information on the Company's properties and activities, please visit our recently updated web site at www.acadiangold.ca. If you wish to be added to the Company's e-mail or fax distribution list for future news releases and updates, please contact us at phone: 902 444-7779, fax: 902 444-3296, email: mail@acadiangold.ca. Shares Outstanding: 48,092,473 The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of this release. Acadian Gold Corporation (TSX VENTURE:ADA) |
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