- SAMPLES COLLECTED FROM LABBE ZONE #1 ZONE LOCATED 950 METERS SOUTHEAST OF HIGH GRADE RHB ZONE
- 75.0 G/T AND 60.68 G/T RECENTLY SAMPLED FROM RHB ZONE
- HISTORIC WORK AND SHALLOW DRILLING DONE BY QUEENSWAY MINES IN 1962 TRACED QUARTZ VEIN ON LABBE #1 ZONE ON STRIKE FOR 76.2 METERS (250 FEET) WITH AN AVERAGE GRADE OF 17.49 G/T (0.51 OZ/TON) GOLD OVER 0.91 METERS (3.0 FEET)
- LABBE #1 AND #3 ZONES HAVE NEVER BEEN TESTED AT DEPTH
VANCOUVER, BRITISH COLUMBIA--(Sept. 10, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to announce that two samples collected from the Labbe #1 Zone has returned assays of 28.87 g/t and 26.4 g/t gold. The samples were taken approximately 950 meters southeast of the recently discovered high-grade RHB Zone which assayed up to 75.0 g/t gold.
Historic work done by Queensway Mines in 1962 on the Labbe #1 and Labbe #3 zones was limited to trenching, channel sampling, and shallow drilling. In the Labbe #1 zone a narrow gold bearing quartz vein was traced for a strike length of 76.2 meters (250 feet) with an average grade of 17.49 g/t (0.51 oz/t) Au over 0.91 meters (3.0 feet.) No subsequent deep drilling has occurred on this vein system.
"The confirmation of high-grade gold in the Labbe #1 zone along with the historic results improves our understanding of the Horwood gold occurrences. We are encouraged by the number of high-grade gold showings occurring within and proximal to the Horwood Peninsula Pluton and are continuing to explore the possibility of a deep seated gold system," comments Company President, Richard Hughes.
The Company has recently completed a map showing both new and historic zones and their locations relative to the Horwood Peninsula Pluton. To view the map please click on the following link or cut and paste the link into your web browser:
http://www.amadorgoldcorp.com/i/pdf/Horwood_showings.pdf
The samples taken from the Labbe #1 Zone occur within the Horwood Peninsula Pluton. Two other historic gold occurrences, the Haddington showing and the Horpen Showing, occur near the contact.
The Labbe #3 zone and the new RHB zone occur within the granodiorite. The Labbe #3 vein system has been documented to possess a strike length of 67.67 meters (222 feet) with an average grade of 10.63 g/t (0.31 oz/t) Au although the average width is unknown.
The Horwood Project is located along a splay off the Destor-Porcupine Fault, the Hardiman Bay Fault, approximately 60 km southwest of recent gold discoveries made by Lakeshore Gold Corp. and West Timmins Mining Inc.
For more information on the Horwood Gold property and to listen to a recent interview with Project Geologist, Peter Caldbick, PGeo, please click on the following link:
http://smallcapepicenter.com/executive/AGXbtpr06August2009/index.htm
Peter Caldbick, P.Geo., and Charles Hartley, P.Geo. are the qualified people for the purposes of National Instrument 43-101 for the Company's Horwood Project. Project supervision is by Charles Hartley and the contents of the press release have been reviewed and approved by Peter Caldbick.
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. These projects include the Loveland gold-copper-nickel project program and the Horwood gold project.
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.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
