TSX-V
AGX.V
0.26 CA$
4.00%
Intersects Widespread Gold Mineralization on Loveland Project
On May 26 2009
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Re: News Releases - Tuesday, May 26, 2009
Amador Gold Corp. Intersects Widespread Gold Mineralization on
Loveland Project
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.. ANOMOLOUS MINERALIZATION INTERSECTED IN NINE DRILL HOLES
.. ANOMALOUS GOLD VALUES CONFIRMED IN DRILLING AND SURFACE SAMPLING OVER
A DISTANCE OF 500 METERS
VANCOUVER, BC -- Amador Gold Corp. (TSX-V:AGX) (the 'Company') is
pleased to report the results of a recent drill program which tested
various VTEM conductors as well as a gold zone discovered in 2008.
The 2008 drill program intersected significant gold values below the
historic Cominco Zone, which contains a non-compliant NI 43-101
resource of 130,000 tons grading 0.68% Ni and 0.73% Cu. The Cominco
Zone is located approximately 1.5 km northwest of the Hollinger Zone
which contains a non-compliant 43-101 resource of 422,000 tons grading
0.71% Ni and 0.42% Cu *
The copper-nickel results from drilling a number of VTEM conductors
were announced in a press release dated May 21, 2009.
Four previous drill holes were extended into the projected gold zone
horizon as well as five holes drilled during the spring 2009 program.
All holes intersected anomalous gold values ranging from 0.1 g/t to
3.87 g/t over various widths from less than a meter to several meters
of core length. Results include 3.81 g\t gold over 0.2m in hole
LL09-13W, 3.87 g\t gold over 0.4 m in drill hole LL09-04 and 400 m
southeast 3.74 g\t gold over 0.5m in drill hole LL08-23
The established continuity of the gold mineralizationas well as the
high-grade results in 2008 drill hole LL08-13 and prospecting successes
confirm the presence of a larger gold system with the potential for
higher-grade zones. The anomalous values cover a large area with gold
mineralization south of the Cominco zone to showings about 400 m
southeast all within the granodiorite. This gold mineralization occurs
over an area of approximately 500 meters in length in silicified zones
adjacent to narrow fractures and quartz veining with arsenopyrite and
pyrite.
2008 Loveland drilling gold values from LL08-13 include:
.. 6.37 g/t Au over 8.55 m
.. 6.17 g/t Au over 3.0 m
.. 10.39 g/t Au over 3.1 m
2008 prospecting Samples taken 400m southeast of Cominco Zone:
.. 8.98 g/t Au
.. 11.48 g/t Au
2008 Copper-nickel drill highlights:
.. 0.70% Ni/0.75% Cu over 45 m
.. 0.40% Ni/0.55% Cu over 35.5 m
.. 0.53% Ni/0.88% Cu over 22.80 m
"These latest results early in our exploration program combined with
the recent drilling success of nickel-copper targets only add to the
overall potential of the Loveland Project." states Company president
and CEO, Richard Hughes. "We are extremely encouraged by the
continuity of the system and are currently analyzing past drill results
to further develop our understanding of the gold zone."
On May 21, 2009 the Company announced results on its drilling of VTEM
conductor clusters similar to those found above the Cominco Zone and
Hollinger Zones.* Conductor B had an intercept of 1.02% combined Ni/Cu
over 5.4 meters and Conductor C returned anomalous nickel and copper
values. Both clusters require follow-up drilling and remain open
downdip and on strike. There are 33 VTEM targets within a 7 km range
of the Cominco Zone of which 3 have been tested to date.
Further analysis is currently underway to study the areas with
potential gold mineralization and examine the numerous VTEM anomalies
for new drilling targets.
For a map of the companies VTEM targets click on the following link:
http://www.amadorgoldcorp.com/i/pdf/Lovelandcompositemapv2.pdf
A map showing recent drilling is currently being updated and will be
released shortly.
*A qualified person has not done sufficient work to classify these
historical estimates as current mineral resources. The Company is not
treating the historical estimates as current mineral resources and the
historical estimates should not be relied upon.
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 Loveland 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.
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.
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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 Tue May 26, 2009 at 12:34:23 PM Pacific Time
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