Vancouver, British Columbia – Amador Gold Corp (TSX-V: AGX): Amador Gold Corp. is encouraged by current drilling on the Ajax and Loveland Properties and is pleased to announce that the drilling programs have been expanded. In addition, new airborne geophysical data indicates greater potential for gold mineralization on the Horwood Property.
The Ajax drilling program is testing a number of targets within an ultramafic-mafic intrusive. One area is reported to contain an historical 4 million tons of nickel-copper sulphide mineralization that was outlined by drilling in the 1960’s. This non 43-101 compliant historical tonnage is being drilled with widely spaced holes to first assess the grade and possible size of the zone. Mineralization being intersected to date includes disseminated to almost net-textured sulphides. This style of mineralization suggests that a more massive sulphide zone may be present at depth within the intrusive. More massive sulphide zones on the Ajax property have historically returned higher grade nickel-copper mineralization with platinum, palladium and gold. Deeper drilling followed by down-hole geophysics is planned to test for massive sulphide zones.
Drilling on the Loveland Property is targeting the strike and down dip extensions of nickel (Ni) and copper (Cu) mineralization discovered late last year. Three holes drilled in November 2007, spanning a strike length of 100 meters, all intersected nickel and copper sulphide mineralization. The third of the 3 holes (AMDG-03) intersected 3 higher grade intersections within a 45 metre wide nickel-copper zone. The 3 intersections are 1.48% Ni and 0.9% Cu over 9.4 meters (m) from 120.6 to 130 meters, 1.15 % Ni and 1.11% Cu over 3.9m from 132.6 to 136.5m, and 0.70% Ni and 1.06% Cu over 13.6 meters from 146.4 to 160.0 meters. These 3 separate intersections occur within a 45.0 meter wide zone that averages 0.75% Cu and 0.70% Ni from 120.6 to 165.6 meters.
More than 20 holes have been drilled at the Ajax property and over 5 holes drilled at Loveland. Assays are pending for both properties. Assay results are delayed because of the high volume of assays being processed by the laboratories.
Assays are also pending from recent drilling on the Horwood Property. New results from the recent VTEM airborne geophysical survey combined with the two large gold zones found last year suggest the favourable structures for hosting gold mineralization have a strike length of over 6 kilometres on the property. Gold mineralization is associated with moderate to strong quartz-carbonate alteration. This style of mineralization is similar to the Timmins gold camp, located approximately 60 km to the northeast. The Timmins camp has produced more than 60 million ounces of gold. Additional trenching and drilling are planned this season for the Horwood Property.
The Ajax, Loveland and Horwood Properties are all accessible by road and are located in the world famous Cobalt and Timmins mining camp districts.
Peter Caldbick, P.Geo. is the qualified person for the purposes of National Instrument 43-101. The contents of this press release have been reviewed and approved by Peter Caldbick.
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: Richard Hughes, Alan Campbell or Kevin Hull, Hughes Exploration Group
Phone: (604) 685-2222
Or visit Amador’s web-site: www.amadorgoldcorp.com to see Smartstox interviews with our Company President.
