- 1200 Meter Program To Test 6-8 Gold And Vms Targets Throughout Property
- Priority Target Includes 9 To 10 Meter Wide Shear Zone Which Historically Produced Assays Up To 16 G/T Gold
VANCOUVER, BRITISH COLUMBIA-(Nov. 23, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to announce drilling has commenced on its wholly owned Maskooch Lake Property situated in the Confederation Greenstone Belt, 95 km east of Red Lake, Ontario.. The property lies approximately 12 km southeast of the past producing South Bay Mine, which produced 1.6 million tons averaging 1.8% copper, 11.06% zinc and 2.12 ounces per ton silver.
The initial drill program will consist of 1200 meters of diamond drilling and will test between six and eight gold and VMS targets on the property. Distinctive Drilling Services Inc. of Westbank, British Columbia has been award the contract to undertake the work program.
"We are excited to be moving forward with our first drill program on the Maskooch property. Initial drilling will focus on increasing our understanding of the structural and geological controls on a thick package of hydrothermally altered rocks," comments Company President, Richard Hughes. "Drilling is also underway and progressing well on our Horwood gold project in the West Timmins gold district and we look forward to the start of our Loveland drill program shortly."
The 2007 and 2008 surface exploration program on the Maskooch Lake property evaluated both the gold and volcanogenic massive sulphide (VMS) potential. The Gold Showing, a 9-to-10-meter wide shear zone, is associated with chlorite and ankerite and has 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. Priority targets for drilling include testing for chemical traps where the shear zone intersects the local iron formation.
VMS targets include a pyrite-sericite schist yielding copper assays up to 1.16%. The same pyrite-sericite schist horizon occurs along the fold axis to a buried VTEM magnetic/conductor anomaly. A third VMS target is a massive sulphide horizon grading 0.45% copper uncovered via overburden trenching. Again a VTEM magnetic/conductor anomaly is immediately adjacent to the trenched area but under a spruce swamp. These targets are coincident with hydrothermally altered rocks distributed about a late volcanic intrusive.
Mr. Andrew Tims, P.Geo will be operating as the Company's qualified person under National Instrument 43-101. Mr. Tims has reviewed the technical content of this news release and confirms its accuracy.
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.
For more information, please contact
Corporate Inquiries:
Amador Gold Corp.
Kevin Hull or Alan Campbell, Investor Relations
(604) 685-2222
info@amadorgold.com
www.amadorgoldcorp.com
or
AGORACOM Investor Relations:|
AGX@agoracom.com
http://www.agoracom.com/ir/Amador
