- 1400 METER PROGRAM TO TEST NUMEROUS VTEM TARGETS ON STRIKE WITH HIGH-GRADE SHOWINGS - 5 GOLD ZONES IDENTIFIED AT SURFACE INCLUDING RHB ZONE GRAB SAMPLES AS HIGH AS 75.0 G/T GOLD, LABBE #1 ZONE GRAB SAMPLES AS HIGH AS 28.8 G/T GOLD - 2008 DRILLING ON BEND ZONE INTERSECTED 12.35 G/T GOLD OVER 2.4 METERS NEAR BOTTOM OF DEEPEST HOLE (150M VERTICAL DEPTH), NOVEMBER 2009 DRILLING WILL BE FIRST FOLLOW-UP PROGRAM - PROPERTY LOCATED ALONG DESTOR-PORCUPINE FAULT ZONE AND IS BELIEVED TO HAVE SIMILAR STRATIGRAPHY TO WEST TIMMING MINING/LAKE SHORE GOLD 2009 DISCOVERY OF 12.75 G/T OVER 83.4 METERS
VANCOUVER, BRITISH COLUMBIA--(Oct. 16, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to provide an update on its drill plans for gold targets on its wholly owned Horwood Property in the West Timmins gold district. The property is located along a splay off the Destor-Porcupine Fault, the Hardiman Bay Fault, approximately 60 km southwest of recent gold discoveries made by Lakeshore Gold Corp. and West Timmins Mining Inc.
The proposed program, commencing in early November, will drill approximately 1400 meters on strike with numerous gold showings on the property, including historic Labbe #1 zone as well as the recently discovered RHB showing.
Drilling will focus on a number of VTEM targets on strike with these zones as well as follow up on a 2008 drilling intercept of 12.35 g/t Au over 2.4 meters. This intersection, which occurred near the bottom of the deepest hole in a 2008 program, has never been followed up and the zone is open at depth.
"The Horwood Property has all the right ingredients to host one or multiple gold deposits," comments Company VP of Exploration, John Keating. "Major structures often associated with gold mineralization cross our large land package for more than 8 km and have never been explored at depth. The intersection of these major structures with the zones discovered at surface will be the primary focus of the upcoming program. We have only begun to scratch the surface and have discovered new gold mineralization along a 4km trend that remains open with potential in all directions. Our expectation is that our knowledgeable team of geologists, prospectors and technicians will continue to discover more gold on the property as our exploration expands."
Historic work done by Queensway Mines in 1962 on the Labbe #1 and Labbe #3 zones was limited to trenching, channel sampling, and shallow drilling. In the Labbe #1 zone a narrow gold bearing quartz vein was traced for a strike length of 76.2 meters (250 feet) with an average grade of 17.49 g/t (0.51 oz/t) Au over 0.91 meters (3.0 feet.) No subsequent deep drilling has occurred on this vein system.
The Labbe #3 zone and the new RHB zone occur within the granodiorite. The Labbe #3 vein system has been documented to possess a strike length of 67.67 meters (222 feet) with an average grade of 10.63 g/t (0.31 oz/t) Au although the average width is unknown.
To view the map please click on the following link or cut and paste the link into your web browser:
http://www.amadorgoldcorp.com/i/pdf/Horwood_showings.pdf
In August, 2009, Project Geologist, Peter Caldbick, PGeo, gave an interview discussing the RHB gold discovery and the potential of the Horwood property. To listen to this interview click on the following link:
http://smallcapepicenter.com/executive/AGXbtpr06August2009/index.htm
Peter Caldbick, P.Geo., and Charles Hartley, P.Geo. are the qualified people for the purposes of National Instrument 43-101 for the Company's Horwood Project. Project supervision is by Charles Hartley and the contents of the press release have 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. These projects include the Loveland gold-copper-nickel project program and the Horwood gold project.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Amador Gold Corp.
Kevin Hull or Alan Campbell
Investor Relations
(604) 685-2222
info@amadorgold.com
www.amadorgoldcorp.com
or
AGORACOM Investor Relations:
AGX@agoracom.com
http://www.agoracom.com/ir/Amador
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
