VANCOUVER, BRITISH COLUMBIA--(May 19, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to provide an update on its wholly owned Maskooch Lake Property situated in the Confederation Greenstone Belt, 95 km east of Red Lake, Ontario.
The Maskooch Lake Property comprises a geological environment prospective for hosting volcanogenic massive sulphide (VMS) and precious metal mineralization. The project is accessible by well-maintained logging roads and lies 12 km southeast of the past-producing South Bay Mine, a copper-zinc-silver massive sulphide deposit that produced 1.6 million tons of ore averaging 1.8% copper, 11.06% zinc and 2.12 oz. silver per ton.
In October of 2008, field work and sampling was conducted at the 4,242-hectare property by Dr. George Hudak, Associate Professor of Geology, University of Wisconsin Oshkosh and an established researcher of Pre-Cambrian VMS deposits. Results from this work have recently been received.
Dr. Hudak evaluated the Maskooch Gold Showing, a 9-to-10-meter wide shear zone associated with chlorite and ankerite that historically produced assays up to 16 g/t (grams per tonne) gold. Preliminary mapping suggests that the shear zone can be followed for several kilometres across the property. The main targets for follow-up exploration are areas where the shear zone intersects with iron formations on the property as iron formations may provide chemical traps for gold mineralization.
Preliminary rock chemistry studies by Dr. Hudak have revealed chemical trends consistent with alkali depletion and/or silicification consistent with alteration associated with ancient hydrothermal systems related to VMS (copper-zinc-lead) mineralization. The felsic volcanic rocks present on the Maskooch Property are similar to those associated with gold-rich VMS mineralization in the Abitibi Greenstone Belt of north-eastern Ontario and north-western Quebec, as well as those hosting the Scuddles VMS deposit (10.5 million tonnes) in Australia.
The field work conducted in 2008 has enhanced the Company's understanding of the gold and base metal potential. The information collected from this work along with proposed follow-up mapping and sampling will be used to select the best VTEM anomalies and other targets for trenching and drill-testing during 2009. (VTEM surveys are capable of detecting anomalies under thicker overburden and at greater depths than conventional geophysical surveys.)
Andrew Tims, P.Geo., is the qualified person for the purposes of National Instrument 43-101 for the Company's Maskooch Lake Project. The contents of this news release has been reviewed and approved by Andrew Tims.
About Amador Gold
Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada, including the Loveland gold-copper-nickel project which recently completed its spring drill program.
For information on active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company's website at www.amadorgoldcorp.com.
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
FOR FURTHER INFORMATION PLEASE CONTACT:
Corporate Inquiries:
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
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
