Amador Gold Corp. to follow up on SILVER CLAIM drill intercept of 221 g/t Silver over 7.70m by 24hgold

Keywords : Cobalt |

Re: News Releases - Tuesday, May 03, 2011
Title: Amador to follow up on SILVER CLAIM drill intercept of 221 g/t Silver over 7.70m

2007 Diamond Drilling Compilation and Review Highlights:

Drill hole AGSC0720, intersected 221 g/t Silver over 7.70m
Drill hole AGSC0712, intersected 88 g/t Silver over 15.43m incl. 556 g/t Silver over 2.32m
Drill hole AGSC0707, intersected 162 g/t Silver over 9.67m incl. 439 g/t Silver over 2.14m
AGSC0721 intersected 80 g/t Silver over 11.01m

Presence of the silver tenors in the wall rock adjacent to the high-grade silver veins.

View News Release in PDF Format

Amador Gold Corp. has started a review and compilation of the past drilling on the Silverclaim Lake property to gain a greater understanding of the nature of silver mineralization and to further advance the project.

The Silverclaim Lake Claims block is located in Mickle Township, Ontario (100km southwest of Kirkland Lake, Ontario), in the heart of Elk Lake Silver camp and is easily accessed by highway 650.

The mineralization is thought to be associated with Nipissing Diabase. However, the mineralization of the Elk Lake camp appears to be to significantly different from the traditional silver mining camps in the area. The unique feature of the style of silver mineralization is the presence of significant silver tenors in the host rock adjacent to the vein system. It is postulated that the very coarse grained, almost pegmatitic nature of zones within the Nipissing Diabase have either created a primary porosity along irregular grain boundaries in which mineralizing fluids have deposited silver or silver has been precipitated along grain boundaries as a late stage primary feature within the differentiate. These hypothesise are yet to be tested. The end result is that the presence of the silver tenors in the wall rock may act to broaden economic zones or at least decrease waste material in a mining scenario.

Drilling Targets
The previous drilling was directed in three separate areas of the Silverclaim Lake Claims block, namely the Copper Vein showing, the Teck- Lacana ramp and the Cotley Mine Workings. Please refer to the drill hole location map.

Copper vein showing
Hole AGSC07-01 is located at the copper showing, approximately 700m west and 1300m north of the Cotley mine workings near the north-west corner of Silverclaim Lake. It was drilled beneath a surface trench copper vein showing. Anomalous copper values were intersected ranging from 0.14% Cu over 0.30m to 0.46% Cu over 2.18m. (See table of significant intersections)

Teck Lacana Ramp
Hole AGSC07-02 was drilled to reproduce an historical hole with significant silver values to the north of the 1049 foot ramp decline and exploratory workings that Teck Corporation and Lacana completed in 1983. The most significant intersection was 158g Ag/tonne over 1.35m drilled width. Holes AGSC07-22 & AGSC07-23 were drilled to the south of the ramp and intersected anomalous values in Ag, Cu, Co and weakly anomalous values in Pt and Pd.

Cotley Mine Workings
The area surrounding the Coltey Mine workings and approximately 100m to the east of the workings was the focus of most of the 2007 drilling. Holes AGSC07-03, 04, 05, and 15 to18 were drilled to test the down-dip and strike extension of silver mineralization in the vicinity of historical underground workings and Holes AGSC07-06, 07, 08, 12, 13, 14, 19, 20, 21 were short holes designed to test to the north of an historical surface trench located approximately 100m west of the Cotley mine workings. Holes AGSC07-09, 10 and 11 tested beneath this trench. (2007 Area 4) Most holes intersected a strong structure with calcite veining and wall rock alteration. Silver occurs within veins and the adjacent wall rock.

Silverclaim 2007 Drilling Assay Summary
Hole ID		From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	Co (%)	Cu (%)	Ni (%)
AGSC0701		24.00	26.20	2.20				0.26
AGSC0701		277.80	281.50	3.70	0.24
AGSC0702		82.50	83.90	1.40		158	0.06	0.02
AGSC0703	*1	20.67	27.90	7.24		26
	incl	21.51	24.96	3.46		44
	incl	21.51	21.8	0.29		133
AGSC0705	*2	24.36	32.32	7.96		46
	incl	24.97	26.00	1.03		106
		28.30	30.86	2.56				0.14
AGSC0706		23.88	29.00	5.12		143
	incl	24.92	25.99	1.07		656
	incl	25.34	25.38	0.04		6980
	incl	25.38	25.53	0.15		1524
AGSC0707		29.63	39.30	9.67		162
	incl	32.38	34.52	2.14		439
	incl	35.14	35.79	0.65		43		0.22
	incl	33.63	34.00	0.37		1350	0.12
	incl	38.32	38.76	0.44		909		0.12
AGSC0708		51.15	53.00	1.85		29
AGSC0710		38.00	46.19	4.64		151
	incl	39.44	42.02	2.58		265
	incl	41.23	41.55	0.32		696
AGSC0712		24.07	39.50	15.43		88
	incl	26.00	28.32	2.32		557
	incl	26.00	26.86	0.86		969
AGSC0713		38.70	41.05	2.35		34
AGSC0714		38.00	41.79	3.79		40
AGSC0714	incl	39.71	40.07	0.36		321
AGSC0715	incl	9.30	9.61	0.31		17		1.10
		20.89	28.10	7.21		198
	incl	25.35	26.77	1.42		779
AGSC0717		25.38	31.52	6.14		95
AGSC0717	incl	26.75	27.44	0.69		770
AGSC0718		23.91	36.82	12.91		47
	incl	26.88	27.42	0.54		935	0.37
		54.75	57.59	1.43		32
	incl	56.16	56.65	0.49		88
AGSC0719		21.40	26.56	5.16		58
AGSC0719	incl	25.60	26.04	0.44	2.84	505	1.12		0.24
AGSC0720		19.05	26.75	7.70		221
	incl	22.50	22.88	0.38	0.22	1244	1.70		1.24
	incl	24.73	25.58	0.85		1368
	incl	24.73	25.00	0.27	1.85	925	0.66		0.20
AGSC0721		28.60	39.61	11.01		80
	incl	34.48	35.30	0.82		602
	incl	35.61	35.92	0.31		525	0.31	11.93
AGSC0722		8.38	11.39	3.01		27

*1 - includes 0.0g/t Au over 0.57m where hole intersected underground mine workings
*2 - includes 0.0g/t Au over 1.04m where hole intersected underground mine workings

About Amador Gold Corp
Amador holds a portfolio of mineral projects in mining-friendly Ontario, led by its flagship Loveland Gold Project near Timmins, where exploration and drilling programs currently underway are focused on gold and nickel-copper deposits. The Kell property has similar silver-cobalt-mineralization as the nearby historic Gowganda region, where approximately 60 million ounces of silver were mined in the early 1900s. Other Ontario projects with exploration potential include the Horwood, Maskooch, and Dale Gold, gold properties, and the Fripp nickel property.

Contact Information

Corporate Inquiries: Alan Campbell and Kevin Hull
Phone: (604) 685-2222
Email: info@amadorgold.com
Website: www.amadorgoldcorp.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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.

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