Vancouver BC – November 25, 2008 – The Smartstox Online TV Talk Show is alerting its subscribers and other resource stock investors to the exploration progress made by Amador Gold Corporation (TSX VENTURE: AGX.V) at their projects in northern Ontario.
Amador Gold announced yesterday that they are planning a winter drilling program at their Loveland Project, to further advance the discoveries made on the holding earlier in the year.
The Loveland property, located 35 km northwest of Timmins, Ontario, holds an historic nickel-copper resource drilled in the 1970s by Cominco. Last March Amador announced they had drilled a 45 meter intersection of 1.45% combined copper and nickel lying below that known resource. And they subsequently found a new gold zone, including 6.37 gpt gold over 8.55 meters, just a bit deeper yet!
A recent airborne VTEM geophysics program has identified additional clusters of conductors in areas where overburden covers the underlying rock; the winter drill program will be testing those newly revealed conductors.
Over the past year, Amador has had exploration success on other holdings as well, including drilling 2401 grams (84.7 ounces) per tonne silver over 1.73 meters at their Kell property, and 12.35 gpt gold over 2.4 meters on newly identified zones on their Horwood Project.
Our Smartstox interview profile of Amador Gold is found at http://www.smartstox.com/interviews/agx.
Meanwhile, in our recent interview with technical analyst, author, and fund manager David Bensimon, he maintains, “We are in a larger era of prosperity and growth.” His past predictions have been noted for their accuracy, and now he forecasts that gold and silver and other metals are working towards a strong prosperity cycle in 2009/10. Bensimon believes the liquidity crisis will soon work itself out and, with the injection of liquidity into the world’s money supply, the price of gold, and that of other commodities too, will soon be on the upswing.
So is it a good time to buy junior resource stocks? In the interview Mr. Bensimon comments that those companies with strong holdings and who can survive for the next few months are exceptionally good opportunities now. Mr. Bensimon’s Smartstox commentary is found at http://www.smartstox.com/analyst/dav... .
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