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Re: News Releases - Thursday, May 14, 2009
Amador Gold Corp. Exploration Update: Jessop Gold Property
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VANCOUVER, BC -- Amador Gold Corp. (TSX-V: AGX) (the 'Company') is
pleased to provide an update on its Jessop Gold Project, situated 5 km
northwest of downtown Timmins, Ontario The property is located in the
Jessop, Murphy and Mountjoy townships, and is accessible year round by
road.
Acquisition of the Jessop property was based on the known geology of
the Timmins camp, the location and proximity of past and current
producing gold mines, as well as the lack of previous exploration. The
property was acquired to test the hypotheses that geological features
associated with gold mineralization in the Timmins camp could
conceivably be present on the Jessop property, which lacks any outcrop.
The primary target on the property is a quartz feldspar porphyry rock
unit. This type of unit is known to act as an "engine" to circulate
gold-bearing fluids.
Previous geologists have discussed the possibility of a second splay
off of the Destor-Porcupine Fault Zone ('DPFZ') in the Timmins area,
known as the North Mines Trend. This interpreted splay is north of the
DPFZ and splits off the DPFZ just east of the Hoyle Pond and Pamour
mines. The northern splay may be interpreted to extend westward
through the Jessop property, where it would intersect the Montreal
River Fault.
Reinforcing the conceptual model is the presence of gold in tills along
the southern boundary of the Jessop property. Tills are a type of
overburden deposited by glaciers. The till is a mixture of clay, silt,
sand, gravel, boulders and other material collected by glaciers as they
advanced over the ground. The composition of the till reflects the
type of ground the glacier has passed over. Multiple tills are common,
documenting changes in glacier movement, and can include material
incorporated from earlier till.
In 1986, Pamour Gold Mines systematically sampled the till along the
southern boundary of the present-day Jessop property and found gold
values as high as 58 grams per tonne. The direction of the relevant
ice movement has been postulated as northwest to southeast inferring
that the gold could have come from rocks on the Jessop property.
A state of the art VTEM airborne survey was carried out over the
property in two orthogonal directions. This survey was carried out
based upon the theory that a structural corridor running
northwest/southeast intersects the North Mines Trend in Jessop
Township. In addition to the VTEM survey, a historical compilation of
the area has been conducted which has resulted in the selection of
target areas to focus upon.
"We are now reviewing recent VTEM data along with historical work to
assess the property's mineral potential as well as the possible
extension and intersection of the North Mines Trend. Summer
exploration plans include ground geophysics to define future drill
targets," comments John Keating, V.P. of Exploration for Amador Gold
Corp.
Peter Caldbick, P.Geo. is the qualified person for the purposes of
National Instrument 43-101 for the Company's Jessop Project. The
contents of this news release has been reviewed and approved by Peter
Caldbick.
Please click on the following link to view a map of the Company's
Jessop Property:
http://www.amadorgoldcorp.com/i/pdf/JessopMap.pdf
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 other active projects and to see Smartstox
interviews with Company president, Richard Hughes, 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
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.
Associated File:
http://www.amadorgoldcorp.com/i/pdf/JessopMap.pdf
64 KB in size, approx. 13 seconds to download at 56.6Kbps
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Copyright (c) 2009 AMADOR GOLD CORP. (AGX) All rights reserved. For
more information visit our website at http://www.amadorgoldcorp.com/ or
send mailto:info@amadorgoldcorp.com
Message sent on Thu May 14, 2009 at 3:03:06 PM Pacific Time
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Amador Gold Corp.
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EXPLORATION STAGE |
CODE : AGX.V |
ISIN : CA02264P2008 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Amador Gold is a gold exploration company based in Canada. Amador Gold holds various exploration projects in Canada. Its main exploration properties are MASKOOCH, HORWOOD, LOVELAND and SILVERCLAIM in Canada. Amador Gold is listed in Canada. Its market capitalisation is CA$ 10.0 millions as of today (US$ 7.3 millions, € 6.8 millions). Its stock quote reached its highest recent level on February 06, 2004 at CA$ 9.69, and its lowest recent point on January 01, 2016 at CA$ 0.01. Amador Gold has 39 900 000 shares outstanding. |