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Re: News Releases - Thursday, October 01, 2009
AMADOR GOLD CORP. ANNOUNCES DRILL PLANS ON HIGH GRADE GOLD TARGET
IN WEST TIMMINS GOLD DISTRICT
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.. 1991 DRILLING BY FALCONBRIDGE INTERSECTED 82.2 G/T GOLD OVER 1.5
METERS INCLUDING 306.0 G/T OVER 0.4 METERS APPROXIMATELY 125 METERS
VERTICALLY BELOW SURFACE
.. PROJECT LOCATED APPROXIMATELY 5 KM NORTH OF LAKE SHORE GOLD'S WEST
TIMMINS PROJECT
VANCOUVER, BC - Amador Gold Corp. (TSX-V: AGX) (the "Company") is
pleased to provide an update on its drill plans for its Kamiskotia Gold
property. The property lies approximately 5km north of Lake Shore
Gold's West Timmins Project. This area has been host to a number of
base metal deposits including the Kam-Kotia, Jameland, Canadian
Jamieson, and the Genex Mines. Historic exploration in the area has
primarily focused on the base metal potential with limited gold
exploration.
In 1991, Falconbridge Exploration, while testing the base metal
potential in the area, drilled a series of north-south trending
conductors. The first drill hole intersected 82.2 g/t Au over 1.5
meters, including 306.0 g/t Au over 0.4 meters in what was described as
a "grey zone" within mafic volcanics. These grey zones are important
gold mineralization host rocks at the Hoyle Pond Mine approximately 20
kilometers northeast of Timmins.
Follow-up drilling by Moneta Porcupine Mines in 1993 drilled along
strike and up dip of the gold intercept intersected the favorable
horizon. Recent compilation work done by the Company suggests en
echelon gold-bearing quartz carbonate veins hosted within this grey
zone may cross cut stratigraphy.
Structural and compilation work is underway to obtain a better
understanding of the area and determine the continuity of the gold
values obtained in the 1991 drill program. The Company's drill program
will test for continuity beneath and down plunge of the original gold
zone.
Peter Caldbick, PGeo., is the qualified persons for the purposes of
National Instrument 43-101 for the Company's Kamiskotia Project. The
technical contents of this press release have 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
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.
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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 Oct 1, 2009 at 8:53:16 AM Pacific Time
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Amador Gold Corp.
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EXPLORATEUR |
CODE : AGX.V |
ISIN : CA02264P2008 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Amador Gold est une société d’exploration minière d'or basée au Canada. Amador Gold détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont MASKOOCH, HORWOOD, LOVELAND et SILVERCLAIM au Canada. Amador Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 9,8 millions CA$ (7,2 millions US$, 6,7 millions €). La valeur de son action a atteint son plus haut niveau récent le 06 février 2004 à 9,69 CA$, et son plus bas niveau récent le 01 janvier 2016 à 0,01 CA$. Amador Gold possède 39 900 000 actions en circulation. |