Vancouver, British Columbia – Amador Gold Corp (TSX-V: AGX) (“Amador”) is pleased to announce, subject to regulatory approval, the acquisition of a 100% interest in the Revell and Norberg properties. Both properties have the potential to host base metal (nickel or copper/zinc/lead) and gold/silver mineralization.
The Revell property, consisting of 8 claims (114 units) located in the Revell and Hyndman Townships, Kenora Mining Division, is accessible by road and is approximately 50 km southeast of Dryden, Ontario. Consideration for the property consists of $100,000 and 250,000 shares, payable over three years. There is a 2% net smelter return payable, 1% of which may be purchased for $1,000,000.
The Norberg property, consisting of 2 claims (21 units), is adjacent to Amador’s East Breccia property located in Norberg Township, Sault Ste. Marie Mining Division. The property is accessible by road and is approximately 65 km north of Sault Ste. Marie. Consideration for the property consists of $42,000 and 195,000 shares, payable over three years. There is a 2% net smelter return payable, half of which (1%) may be purchased for $600,000.
Amador also announces that it has granted 5,231,000 options to directors, officers, employees and consultants of the Company at an exercise price of $0.22 per share for a period of five years.
About Amador Gold
Amador Gold is well positioned to discover and capitalize on world class gold, silver, platinum, palladium, copper/nickel and diamond deposits. During the last few years the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario. The Company's assets are entirely within Canada, with a strong focus in Ontario. Amador Gold’s properties have existing infrastructure and are often within road access to metallurgical facilities to process mined ores.
For further information contact:
Alan Campbell, Hughes Exploration Group
Phone: (604) 685-2222
Or visit Amador’s web-site: www.amadorgoldcorp.com to see Smartstox interviews with our Company Chairman and President.
