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Re: News Release - Thursday, January 07, 2010
AMADOR GOLD CORP. COMMENCES DRILLING ON LOVELAND
GOLD/COPPER/NICKEL PROJECT WEST OF TIMMINS
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.. PREVIOUS DRILLING IDENTIFIED GOLD AND COPPER/NICKEL ZONES WITH
HIGHLIGHTS INCLUDING 6.37 G/T GOLD OVER 8.55 METERS AND 0.70%
NICKEL/0.75% COPPER OVER 45 METERS
.. ALL KNOWN MINERALIZED ZONES ON THE PROPERTY HAVE COINCIDING VTEM
CONDUCTORS
.. 30 OF 33 CONDUCTORS IDENTIFIED IN 7 KM AREA HAVE NOT BEEN DRILL
TESTED
.. PROPERTY CONTAINS TWO HISTORIC, NON 43-101 NICKEL/COPPER RESOURCE
ESTIMATES
VANCOUVER, BC - Amador Gold Corp. (TSX-V: AGX) (the "Company") is
pleased to announce it has commenced
Diamond drilling on its wholly
owned Loveland Property, located approximately 35 kilometers northwest
of Timmins, Ontario. The initial program consists of approximately
1500 meters of
Diamond drilling on a number of VTEM targets with
similar characteristics to those associated with the historic Hollinger
and Cominco Zones.
The Cominco Zone contains a non-compliant NI 43-101 resource of 130,000
tons grading 0.68% Ni and 0.73% Cu and 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.
To view a map of the Loveland Property showing VTEM anomalies and
target locations please click on the following link:
http://www.brmstatpack.com/track/1001/1005
On May 21, 2009 the Company announced results on drilling of VTEM
conductor clusters similar to those found above the Cominco Zone and
Hollinger Zones. 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 remain open downdip and on strike.
A qualified person has not done sufficient work to classify the Cominco
and Hollinger 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.
Peter Caldbick, P.Geo. is the qualified person for the purposes of
National Instrument 43-101 for the Company's Loveland Project. The
technical 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. These projects include the Loveland
gold-copper-nickel project program and the Horwood gold project.
Contact Information
Corporate Inquiries:
Kevin Hull or Alan Campbell, Investor Relations
Phone: (604) 685-2222
Email: info@amadorgold.com
Website: 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.
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Copyright (c) 2010 AMADOR GOLD CORP. (AGX) All rights reserved. For
more information visit our website at http://www.amadorgoldcorp.com/ or
send mailto:info@amadorgoldcorp.com
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