- ANOMOLOUS MINERALIZATION INTERSECTED IN NINE DRILL HOLES
- ANOMALOUS GOLD VALUES CONFIRMED IN DRILLING AND SURFACE SAMPLING OVER A DISTANCE OF 500 METERS
VANCOUVER, BRITISH COLUMBIA--(May 26, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the 'Company') is pleased to report the results of a recent drill program which tested various VTEM conductors as well as a gold zone discovered in 2008. The 2008 drill program intersected significant gold values below the historic Cominco Zone, which contains a non-compliant NI 43-101 resource of 130,000 tons grading 0.68% Ni and 0.73% Cu. The Cominco Zone is located approximately 1.5 km northwest of the Hollinger Zone which contains a non-compliant 43-101 resource of 422,000 tons grading 0.71% Ni and 0.42% Cu.(i)
The copper-nickel results from drilling a number of VTEM conductors were announced in a press release dated May 21, 2009.
Four previous drill holes were extended into the projected gold zone horizon as well as five holes drilled during the spring 2009 program. All holes intersected anomalous gold values ranging from 0.1 g/t to 3.87 g/t over various widths from less than a meter to several meters of core length. Results include 3.81 g/t gold over 0.2m in hole LL09-13W, 3.87 g/t gold over 0.4 m in drill hole LL09-04 and 400 m southeast 3.74 g/t gold over 0.5m in drill hole LL08-23
The established continuity of the gold mineralization as well as the high-grade results in 2008 drill hole LL08-13 and prospecting successes confirm the presence of a larger gold system with the potential for higher-grade zones. The anomalous values cover a large area with gold mineralization south of the Cominco zone to showings about 400 m southeast all within the granodiorite. This gold mineralization occurs over an area of approximately 500 meters in length in silicified zones adjacent to narrow fractures and quartz veining with arsenopyrite and pyrite.
2008 Loveland drilling gold values from LL08-13 include:
- 6.37 g/t Au over 8.55 m
- 6.17 g/t Au over 3.0 m
- 10.39 g/t Au over 3.1 m
2008 prospecting Samples taken 400m southeast of Cominco Zone:
- 8.98 g/t Au
- 11.48 g/t Au
2008 Copper-nickel drill highlights:
- 0.70% Ni/0.75% Cu over 45 m
- 0.40% Ni/0.55% Cu over 35.5 m
- 0.53% Ni/0.88% Cu over 22.80 m
"These latest results early in our exploration program combined with the recent drilling success of nickel-copper targets only add to the overall potential of the Loveland Project." states Company president and CEO, Richard Hughes. "We are extremely encouraged by the continuity of the system and are currently analyzing past drill results to further develop our understanding of the gold zone."
On May 21, 2009 the Company announced results on its drilling of VTEM conductor clusters similar to those found above the Cominco Zone and Hollinger Zones.(i) Conductor B had an intercept of 1.02% combined Ni/Cu over 5.4 meters and Conductor C returned anomalous nickel and copper values. Both clusters require follow-up drilling and remain open downdip and on strike. There are 33 VTEM targets within a 7 km range of the Cominco Zone of which 3 have been tested to date.
Further analysis is currently underway to study the areas with potential gold mineralization and examine the numerous VTEM anomalies for new drilling targets.
For a map of the companies VTEM targets click on the following link:
http://www.amadorgoldcorp.com/i/pdf/...
A map showing recent drilling is currently being updated and will be released shortly.
(i) 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 the Company's Loveland 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.
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.
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.
