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ACK

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Share Name Share Symbol Market Type
TSXV:ACK TSX Venture Common Stock
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Active Growth Capital Work Program on its Wachigabau and Currie-Madeleine Properties

07/06/2012 4:18pm

Marketwired Canada


Active Growth Capital. (the "Company") (TSX VENTURE:ACK) is pleased to announce
it recently undertook exploration work on its wholly-owned Wachigabau and
Currie-Madeleinele properties.


The first phase involves field reconnaissance, review of rocky outcrops as well
as sampling. Particular attention will be focused on target areas identified by
DIAGNOS. Several areas of interest for gold and base metals have been identified
from previous work by the company DIAGNOS.


In 2010, DIAGNOS performed an extensive regional analysis over 3685 km2 using
its proprietary Computer Aided Resource Detection System (CARDS) to target the
mineral potential of the Lebel-sur-Quevillon and Desmaraisville area. CARDS uses
pattern recognition algorithms to analyze digitally compiled exploration data
and identifies areas, target zones, with high statistical probability of
similarity to known areas of mineralization.


During that study, 4950 drill holes results and 6438 rock samples were computed
to establish the preferred signature of gold and copper mineralization in
relation with the digital elevation model and airborne magnetic and
electromagnetic data. Currie-Madeleine and Wachigabau projects were staked based
on the most promising CARDS targets for gold and copper in the area.


The Company is in the process of compiling all historical data available added
to the result of the CARDS analysis to build a comprehensive 3-D model of both
properties with the objective of defining precise targets to be drilled during
the 2012 fall.


The team working on the field is composed of 2 geologists and 4 prospectors and
this first phase is expected to be completed within 15 days.


The Company has just received the first part of his exploration program report,
which identified 7 anomaly zones of interest. 60 grab samples and around 40
meters of surface channel sample have already been submitted to ALS Chemex lab
for analyses.


The Company plan to finish this first phase of its exploration program on
Currie-Madelaine shortly and then will mobilise the Magnor exploration team at
its Wachigabau property afterward.


The Company expects the final report of the first phase of its exploration
program in early July and expects to receive its authorization work permits
including surface scrapping and cleaning to complete work for 4 areas of
interest during the second phase of its exploration program.


Currie-Madeleine Project

The property consists of 88 map designated claims in the NTS map sheet 32F/07
located 3km East of the North American Palladium projects Floridin and Discovery
and 1km West of the former Rose lake mine. Three distinct lithologies are
present on the property: (1) andesitic and basaltic volcanic rocks in the
southern section of the property, (2) Taibi Group sediments in the upper-center
section of the property, and (3) Volcanic and intrusive rocks (basalts,
andesite, Gabbro) with plagioclase phenocrysts in the northern section of the
property.


Wachigabau Project

The Wachigabau Lake property consists of 33 map designated claims located 40 km
east of Desmaraisville and 60 km southwest of Chapais within NTS map sheet
32G/12. The project lies within the southern band (Caopatina Segment) of the
Chibougamau-Matagami archean greenstone belt. The Caopatina Segment is a
volcano-sedimentary rock assemblage composed of two principal formations: the
Obatogamau formation, a vast plain of tholeiitic basalts with a few mafic to
felsic volcanic centers, and the Caopatina formation, an overlying sedimentary
sequence.


Qualified person

The scientific and technical information in this news release has been reviewed
and approved by Mr. Roger Ouellet, BSc., P. Geo., the Company's Technical
Consultant and a qualified person as defined by National Instrument 43-101.


About Active Growth Capital Inc.

Active Growth Capital Inc. is a TSX Venture Exchange listed junior mineral
exploration issuer whose long-term objective is to build a diversified company
focused on the acquisition, exploration and development of mineral properties.
Additional information about the Company is available on SEDAR at www.sedar.com.


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