Amador Gold Corp: (TSX-V: AGX) (the ‘Company’) is pleased to
announce it has completed the Spring 2009 drilling program on its wholly
owned Loveland Project located 35 km northwest of Timmins, Ontario, and
adjacent to Xstrata’s Montcalm Mine.
The Spring 2009 drill program tested several airborne VTEM targets as
well as followed up on the new 2008 gold discovery below the existing
Cominco Zone. The data collected from this drill program will be used to
advance 33 additional drill targets identified to date.
Management is encouraged by the success of using VTEM data in
conjunction with information collected through ground geophysics to
pinpoint drill targets and potential new zones. The Cominco and
Hollinger zones have been identified on the VTEM survey and support the
interpretation of other anomalies. Recent drilling tested 3 of the 33
current targets, for which final results are pending.
In 2008 the Company reported significant nickel-copper intersections
discovered below the existing Cominco Zone including:
-
0.70% Ni/0.75% Cu over 45.0 m*
-
0.40% Ni/0.55% Cu over 35.5 m*
-
0.53% Ni/0.88% Cu over 22.8 m*
In addition, several gold intersections were discovered below the
nickel-copper zone including:
-
6.37 g/t Au over 8.5 m*
-
6.17 g/t Au over 3.0 m*
-
10.39 g/t Au over 3.1 m*
*All of the above intersections represent drilled widths
The Cominco Zone contains a historic non-compliant NI 43-101 resource of
130,000 tons grading 0.68% Ni and 0.73% Cu. Approximately 1.5 km
southeast of the Cominco Zone is the Hollinger Zone, which contains a
historic non-compliant NI 43-101 resource of 422,000 tons grading 0.71%
Ni and 0.42% Cu. A qualified person has not done sufficient work to
classify these historical estimates as current mineral resources. The
Company is not treating the historical estimates as current mineral
resources and the historical estimates should not be relied upon.
Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified
persons for the purposes of National Instrument 43-101 for Amador’s
Loveland Project. Project supervision is by Charles Hartley and the
contents of this news release has been reviewed and approved by Peter
Caldbick.
To view a map of the Company’s Loveland project please click on the link
below:
http://www.amadorgoldcorp.com/i/pdf/Lovelandcompositemapv2.pdf
About Amador Gold
Amador has assembled a portfolio of more than 20 quality properties of
merit in established mining camps and emerging mineral districts of
Canada. For further information and maps of the Loveland Property and
other active projects please visit the Company’s website at www.amadorgoldcorp.com.
Corporate Inquiries:
Amador Gold Corp
Kevin Hull, Investor
Relations, (604) 685-2222
info@amadorgold.com
www.amadorgoldcorp.com
or
AGORACOM
Investor Relations:
AGX@agoracom.com
http://www.agoracom.com/ir/Amador
Or
visit www.smarstox.com/interview/agx
to see interviews with company President, Richard Hughes.