VANCOUVER, BC – Amador Gold Corp. (TSX-V: AGX) (the ‘Company’) is pleased to provide an update on its Jessop Gold Project, situated 5 km northwest of downtown Timmins, Ontario The property is located in the Jessop, Murphy and Mountjoy townships, and is accessible year round by road.
Acquisition of the Jessop property was based on the known geology of the Timmins camp, the location and proximity of past and current producing gold mines, as well as the lack of previous exploration. The property was acquired to test the hypotheses that geological features associated with gold mineralization in the Timmins camp could conceivably be present on the Jessop property, which lacks any outcrop.
The primary target on the property is a quartz feldspar porphyry rock unit. This type of unit is known to act as an “engine” to circulate gold-bearing fluids.
Previous geologists have discussed the possibility of a second splay off of the Destor-Porcupine Fault Zone (‘DPFZ’) in the Timmins area, known as the North Mines Trend. This interpreted splay is north of the DPFZ and splits off the DPFZ just east of the Hoyle Pond and Pamour mines. The northern splay may be interpreted to extend westward through the Jessop property, where it would intersect the Montreal River Fault.
Reinforcing the conceptual model is the presence of gold in tills along the southern boundary of the Jessop property. Tills are a type of overburden deposited by glaciers. The till is a mixture of clay, silt, sand, gravel, boulders and other material collected by glaciers as they advanced over the ground. The composition of the till reflects the type of ground the glacier has passed over. Multiple tills are common, documenting changes in glacier movement, and can include material incorporated from earlier till.
In 1986, Pamour Gold Mines systematically sampled the till along the southern boundary of the present-day Jessop property and found gold values as high as 58 grams per tonne. The direction of the relevant ice movement has been postulated as northwest to southeast inferring that the gold could have come from rocks on the Jessop property.
A state of the art VTEM airborne survey was carried out over the property in two orthogonal directions. This survey was carried out based upon the theory that a structural corridor running northwest/southeast intersects the North Mines Trend in Jessop Township. In addition to the VTEM survey, a historical compilation of the area has been conducted which has resulted in the selection of target areas to focus upon.
“We are now reviewing recent VTEM data along with historical work to assess the property’s mineral potential as well as the possible extension and intersection of the North Mines Trend. Summer exploration plans include ground geophysics to define future drill targets,” comments John Keating, V.P. of Exploration for Amador Gold Corp.
Peter Caldbick, P.Geo. is the qualified person for the purposes of National Instrument 43-101 for the Company’s Jessop Project. The contents of this news release has been reviewed and approved by Peter Caldbick.
Please click on the following link to view a map of the Company’s Jessop Property:
http://www.amadorgoldcorp.com/i/pdf/...
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.
For information on other active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company’s website at www.amadorgoldcorp.com.
Contact Information
Corporate Inquiries: Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@amadorgold.com
Website: www.amadorgoldcorp.com
AGORACOM Investor Relations:
Email: AGX@agoracom.com
Website: http://www.agoracom.com/ir/Amador
