Amador Gold Corp. Completes Spring 2009 Loveland Drilling
Vancouver, British Columbia CANADA, May 15, 2009 /FSC/ - Amador Gold Corp. (AGX - TSX Venture, ADRGF - OTCBB_Pink_Sheets), (the 'Company') is pleased to announce it has completed the Spring 2009 drilling program on its wholly owned Loveland Project located 35 km northwest of Timmins, Ontario, and adjacent to Xstrata's Montcalm Mine.
The Spring 2009 drill program tested several airborne VTEM targets as well as followed up on the new 2008 gold discovery below the existing Cominco Zone. The data collected from this drill program will be used to advance 33 additional drill targets identified to date.
Management is encouraged by the success of using VTEM data in conjunction with information collected through ground geophysics to pinpoint drill targets and potential new zones. The Cominco and Hollinger zones have been identified on the VTEM survey and support the interpretation of other anomalies. Recent drilling tested 3 of the 33 current targets, for which final results are pending.
In 2008 the Company reported significant nickel-copper intersections discovered below the existing Cominco Zone including:
* 0.70% Ni/0.75% Cu over 45.0 m*
* 0.40% Ni/0.55% Cu over 35.5 m*
* 0.53% Ni/0.88% Cu over 22.8 m*
In addition, several gold intersections were discovered below the nickel-copper zone including:
* 6.37 g/t Au over 8.5 m*
* 6.17 g/t Au over 3.0 m*
* 10.39 g/t Au over 3.1 m*
*All of the above intersections represent drilled widths
The Cominco Zone contains a historic non-compliant NI 43-101 resource of 130,000 tons grading 0.68% Ni and 0.73% Cu. Approximately 1.5 km southeast of the Cominco Zone is the Hollinger Zone, which contains a historic non-compliant NI 43-101 resource of 422,000 tons grading 0.71% Ni and 0.42% Cu. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources. The Company is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon.
Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for Amador's Loveland Project. Project supervision is by Charles Hartley and the contents of this news release has been reviewed and approved by Peter Caldbick.
To view a map of the Company's Loveland project please click on the link below:
http://www.amadorgoldcorp.com/i/pdf/...
About Amador Gold
Amador has assembled a portfolio of more than 20 quality properties of merit in established mining camps and emerging mineral districts of Canada. For further information and maps of the Loveland Property and other active projects 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
Or visit www.smarstox.com/interview/agx to see interviews with company President, Richard Hughes.
Amador Gold Corp. (AGX - TSX-V) (ADRGF - Pink Sheets)
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