Amador Gold Corp.

Published : May 04th, 2011

to follow up on SILVER CLAIM drill intercept of 221 g/t Silver over 7.70m

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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.


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

 

 

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

 

 

 

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

 

 

 

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

 

 

 

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.



Copyright � 2011 AMADOR GOLD CORP. (AGX) All rights reserved. For more information visit our website at http://www.amadorgoldcorp.com/ or send email to info@amadorgoldcorp.com ..

Amador Gold Corp.

EXPLORATION STAGE
CODE : AGX.V
ISIN : CA02264P2008
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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$ 9.6 millions as of today (US$ 7.7 millions, € 6.7 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.

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