Multi-Metal Company Exploiting Prominent Ontario Regions Significant new gold discovery on surface at Loveland (11.48 g\t gold) over 400 meters away from the only other known gold zone (6.37 g/t over 8.55 m & 10.39 g/t over 3.1 m)
| May 20, 2009 |
| Amador Gold Corp. Samples 17.3, 19.68 and 22.72 g/t Gold on Horwood Property |
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 20, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to announce that a spring prospecting and sampling program has located additional gold showings on the Horwood Gold Property situated 75 km southeast of Timmins, Ontario.
The new gold showings were found about 2 km northwest of the previously discovered Bend and Gabbro Zones during the recent prospecting and sampling program. Grab samples from quartz veins within gabbros returned values of 17.30 g/t (grams per tonne) gold, 22.72 g/t gold and 19.68 g/t gold. The style of mineralization is similar to known deposits in the Timmins gold camp, which have collectively produced more than 60 million ounces of gold during the past century.
Management is encouraged by these discoveries additional to the Bend and Gabbro Zones found in late 2006. The highlight of previous testing of these zones was a 2008 drill-hole from the Bend Zone that returned 12.35 g/t gold over 2.4 meters. A 2007 trenching and sampling program returned 28.1 g/t gold over 0.5 meter from this target. Previous trenching results from the Gabbro Zone were: 13.03 g/t gold over 0.5 meters; 5.69 g/t gold over 4.0 meters; and 7.8 g/t gold over 1.5 meters. The 2007 trenching program focused on these zones revealed that gold occurs as high-grade and low-grade disseminated mineralization over large areas.
"These new results are extremely encouraging as they confirm the potential for widespread gold mineralization within the Horwood Peninsula," quotes John Keating, V.P. of Exploration for Amador Gold Corp.
More than 90% of the property is covered by overburden. The Company plans to continue exploration on strike of the gold and massive sulphide zones to identify areas where the gold may be concentrated into high-grade shoots or wide low-grade zones amenable to open pit mining (as occurs in the Timmins Camp).
VTEM airborne geophysics combined with surficial prospecting suggests that structures influencing gold mineralization may be traced for more than 6 km along strike on the Horwood Property. The considerable width of the anomalous gold zones combined with their strike potential makes the Horwood Project a favourable new gold exploration play close to the world-class Timmins Mining Camp.
The VTEM anomalies and excellent geology combined with ground geophysical surveys also indicate areas favourable for massive sulphide deposits. Ground and airborne VTEM surveys will be used to help guide drilling to test stratigraphy and structural and geological traps where gold and base metals deposits may occur.
To view a map of the Horwood Gold Project click on the following link:
http://www.amadorgoldcorp.com/i/pdf/...
Charles Hartley, P.Geo. and Peter Caldbick, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for the Company's Horwood Project. Project supervision is by Charles Hartley and the contents of this news release has 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, including the Loveland gold-copper-nickel project which recently completed its spring drill program.
For information on active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company's website at www.amadorgoldcorp.com.
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