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Re: News Release - Thursday, September 04, 2008
Amador Gold Intersects 1.41% Combined Copper Nickel Over 22.80
Meters on the Loveland Project
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Amador Gold Corporation is pleased to announce assay results from the
first twelve drill holes from 2008 on the Loveland Ni/Cu Project
located approximately 35 kilometers northwest of Timmins Ontario.
Assay results for drill holes LL08-13 to LL08-28 are still pending.
The Company is pleased to report that drill hole LL08-05 intersected
0.88% Cu and 0.53% Ni over a drilled width of 22.80 meters (160.30 to
183.10 meters) including 1.0% Cu and 0.65% Ni over a drilled width of
11.20 meters (160.30 to 171.50 meters) and 1.92% Cu and 1.0% Ni over
2.70 meters (180.40 to 183.10 meters). This drill hole was collared 50
meters northeast on section of earlier drill hole AMDG07-01 which had
intersected 0.55% Cu and 0.40% Ni over 35.50 meters, and 50m northwest
of AMDG07-03 that intersected 0.75% Cu and 0.70% Ni over 45 meters.
From the drilling to date, it appears that mineralization has been
intersected 400 meters vertically below surface, is open at depth and
has a strike extent of approximately 175 meters. The style of
mineralization comprises disseminated to semi-massive patchy and
interstitial pyrrhotite-chalcopyrite-pentlandite within gabbros
extending to surface. Management is extremely encouraged with the
early drilling results on the Cominco Zone and its similarity in style
of mineralization to Xstrata's Montcalm Mine located twenty kilometers
to the west.
Future drilling will focus on expanding the Cominco zone, and test
below the Hollinger Zone that is located approximately 1.5 kilometers
on strike to the southeast. The Hollinger zone is reported to possess
a non 43-101 compliant historical resource of 442,000 tons grading .42%
Cu and .71% Ni. The Hollinger and Cominco zones are both open at depth
with additional areas of untested potential on strike.
Additional targets for drill testing are also expected to be generated
by the recently completed Geotech Ltd B-field VTEM airborne survey and
ground geophysical induced polarization surveys.
Other drill hole highlights from recent drilling include LL08-11
intersecting 0.73% Cu and 0.59% Ni over a drilled width of 8.50 meters
(137.00 to 145.50 meters) and 0.78% Cu and 0.85% Ni over a drilled
width of 6.00 meters (166.0 to 172.00 meters). These intercepts
occurred within a broad mineralized zone grading 0.38% Cu and 0.33% Ni
over a drilled width of 37.60 meters (135.90 to 173.50 meters).
LL08-11 was collared approximately 40 meters southwest on section of
drill hole AMDG07-01 and the intercept is interpreted as the up dip
expression of the mineralized zone in drill hole AMDG07-01. In
addition, drill hole LL08-18 also on section , was collared
approximately 50 meters to the southwest of LL08-11 and encountered a
strongly mineralized zone approximately 10 meters in drilled width up
dip of the intersection in LL08-11 suggesting that mineralization
extends to surface. Assays are pending for this drill hole.
LL08-01, collared approximately 50 meters southwest on section of
AMDG-07-3 intersected 0.24% Cu and 0.26% Ni over a drilled width of
6.30 meters (67.90 to 74.20 meters) and is interpreted as the strike
extent of the zone approximately 50 meters to the east.
Results for the Loveland drill program are tabulated below. All drill
holes have been drilled at 225 degree azimuths with -50 degree dips.
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From To Drilled Cu Ni Zone 17 Zone 17
DDH (m) (m) Width (m) % % Northing UTM Easting UTM
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LL08-01 67.90 74.20 6.30 0.24 0.26 5391872 446310
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Including 67.90 71.40 3.50 0.34 0.33
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LL08-02 N.S.V. 5391834 446345
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LL08-03 206.60 209.30 2.70 0.19 0.23 5391949 446316
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230.20 233.20 3.00 0.15 0.12
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LL08-04 N.S.V. 5391906 446347
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LL08-05 160.30 183.10 22.80 0.88 0.53 5391984 446280
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Including 160.30 171.50 11.20 1.0 0.65
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160.30 166.60 6.30 0.92 0.63
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180.40 183.10 2.70 1.92 1.00
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LL08-06 173.50 174.40 0.90 0.19 0.18 5392020 446244
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LL08-07 40.90 41.40 0.50 0.71 0.23 5392018 446170
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LL08-08 110.80 115.70 4.90 0.17 0.23 5392017 446317
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LL08-09 112.20 112.80 0.60 0.32 0.47 5391984 446350
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LL08-10 N.S.V. 5391885 446255
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LL08-11 135.90 173.50 37.6 0.38 0.33 5391914 446215
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Including 137 145.50 8.50 0.73 0.59
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148.80 154.50 5.70 0.46 0.25
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166.00 172.0 6.00 0.78 0.85
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168.50 172.00 3.50 1.06 1.05
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LL08-12 N.S.V. 5391953 446183
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N.S.V. No Significant Values
A rigorous quality assurance program is employed which includes the
insertion of standards and blanks for each batch of samples. Samples
of the NQ size drill core are sawed in half, with one-half sent to a
commercial laboratory, Expert Laboratory of Rouyn-Noranda, Quebec, and
the other half retained for future reference. Core samples are
routinely analyzed for nickel, copper and cobalt by aqua regia
digestion with atomic absorption techniques. Any analyses greater than
5,000 ppm are re-analyzed using total acid digestion and atomic
absorption techniques.
Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified
people for the purposes of National Instrument 43-�101 for the
Company's Loveland Project. Project supervision is by Charles Hartley
and the contents of the press release have been reviewed and approved
by Peter Caldbick.
About Amador
Amador Gold is well positioned to discover and capitalize on world
class gold, silver, platinum,
palladium and
Diamond deposits. During
the last couple of years the Company has strategically accumulated
large land packages in existing mining or mineral districts such as the
Abitibi in Ontario. The Company's assets are entirely within Canada
with a strong focus in Ontario. These properties have existing
infrastructure and are often within road access to metallurgical
facilities to process mined ores.
Contact Information
Corporate Inquiries: Kevin Hull or Alan Campbell
(604)-685-2222
Email: info@amadorgoldcorp.com
Or visit Amador Gold's web-site: www.amadorgoldcorp.com to see
Smartstox interviews with our Company President.
AGORACOM Investor Relations
Email: agx@agoracom.com
Website: http://www.agoracom.com/ir/amador
View News Release in PDF Format:
http://www.amadorgoldcorp.com/i/pdf/2008-09-04_NR.pdf
116 KB in size, approx. 23 seconds to download at 56.6Kbps
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Copyright (c) 2008 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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