TSX-V
AGX.V
0.26 CA$
4.00%
SAMPLES 17.3, 19.68 AND 22.72 G/T GOLD ON HORWOOD PROPERTY
On May 20 2009
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Re: News Releases - Wednesday, May 20, 2009
AMADOR GOLD CORP. SAMPLES 17.3, 19.68 AND 22.72 G/T GOLD ON
HORWOOD PROPERTY
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VANCOUVER, BC -- Amador Gold Corp. (TSX-V:AGX) (the "Company") is
pleased to announce that a spring prospecting and sampling program has
located additional gold showings on the Horwood Gold Property situated
75 km southeast of Timmins, Ontario.
The new gold showings were found about 2 km northwest of the previously
discovered Bend and Gabbro Zones during the recent prospecting and
sampling program. Grab samples from quartz veins within gabbros
returned values of 17.30 g/t (grams per tonne) gold, 22.72 g/t gold and
19.68 g/t gold. The style of mineralization is similar to known
deposits in the Timmins gold camp, which have collectively produced
more than 60 million ounces of gold during the past century.
Management is encouraged by these discoveries additional to the Bend
and Gabbro Zones found in late 2006. The highlight of previous testing
of these zones was a 2008 drill-hole from the Bend Zone that returned
12.35 g/t gold over 2.4 meters. A 2007 trenching and sampling program
returned 28.1 g\t gold over 0.5 meter from this target. Previous
trenching results from the Gabbro Zone were: 13.03 g\t gold over 0.5
meters; 5.69 g\t gold over 4.0 meters; and 7.8 g\t gold over 1.5
meters. The 2007 trenching program focused on these zones revealed that
gold occurs as high-grade and low-grade disseminated mineralization
over large areas.
"These new results are extremely encouraging as they confirm the
potential for widespread gold mineralization within the Horwood
Peninsula" quotes John Keating, V.P. of Exploration for Amador Gold
Corp.
More than 90% of the property is covered by overburden. The Company
plans to continue exploration on strike of the gold and massive
sulphide zones to identify areas where the gold may be concentrated
into high-grade shoots or wide low-grade zones amenable to open pit
mining (as occurs in the Timmins Camp).
VTEM airborne geophysics combined with surficial prospecting suggests
that structures influencing gold mineralization may be traced for more
than 6 km along strike on the Horwood Property. The considerable width
of the anomalous gold zones combined with their strike potential makes
the Horwood Project a favourable new gold exploration play close to the
world-class Timmins Mining Camp.
The VTEM anomalies and excellent geology combined with ground
geophysical surveys also indicate areas favourable for massive sulphide
deposits. Ground and airborne VTEM surveys will be used to help guide
drilling to test stratigraphy and structural and geological traps where
gold and base metals deposits may occur.
To view a map of the Horwood Gold Project click on the following link:
http://www.amadorgoldcorp.com/i/pdf/Horwood_Compilationgeolshowings.pdf
Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified
persons for the purposes of National Instrument 43-101 for the
Company's Horwood Project. Project supervision is by Charles Hartley
and the contents of this news release has 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, including the Loveland gold-copper-nickel project
which recently completed its spring drill program.
For information on 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/Horwood_Compilationgeolshowings.pdf
7258 KB in size, approx. 22 minutes, 32 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 Wed May 20, 2009 at 12:52:05 PM Pacific Time
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