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AGX.V
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Commences Drilling On The Maskooch Lake Property
Publié le 25 novembre 2009
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Re: News Releases - Monday, November 23, 2009
AMADOR GOLD CORP. COMMENCES DRILLING ON MASKOOCH LAKE PROPERTY
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.. 1200 METER PROGRAM TO TEST 6-8 GOLD AND VMS TARGETS THROUGHOUT
PROPERTY
.. PRIORITY TARGET INCLUDES 9 TO 10 METER WIDE SHEAR ZONE WHICH
HISTORICALLY PRODUCED ASSAYS UP TO 16 G/T GOLD
VANCOUVER, BC - Amador Gold Corp. (TSX-V: AGX) (the "Company") is
pleased to announce drilling has commenced on its wholly owned Maskooch
Lake Property situated in the Confederation Greenstone Belt, 95 km east
of Red Lake, Ontario.. The property lies approximately 12 km southeast
of the past producing South Bay Mine, which produced 1.6 million tons
averaging 1.8% copper, 11.06% zinc and 2.12 ounces per ton silver.
The initial drill program will consist of 1200 meters of diamond
drilling and will test between six and eight gold and VMS targets on
the property. Distinctive Drilling Services Inc. of Westbank, British
Columbia has been award the contract to undertake the work program.
"We are excited to be moving forward with our first drill program on
the Maskooch property. Initial drilling will focus on increasing our
understanding of the structural and geological controls on a thick
package of hydrothermally altered rocks," comments Company President,
Richard Hughes. "Drilling is also underway and progressing well on our
Horwood gold project in the West Timmins gold district and we look
forward to the start of our Loveland drill program shortly."
The 2007 and 2008 surface exploration program on the Maskooch Lake
property evaluated both the gold and volcanogenic massive sulphide
(VMS) potential. The Gold Showing, a 9-to-10-meter wide shear zone, is
associated with chlorite and ankerite and has historically produced
assays up to 16 g/t (grams per tonne) gold. Preliminary mapping
suggests that the shear zone can be followed for several kilometres
across the property. Priority targets for drilling include testing for
chemical traps where the shear zone intersects the local iron
formation.
VMS targets include a pyrite-sericite schist yielding copper assays up
to 1.16%. The same pyrite-sericite schist horizon occurs along the
fold axis to a buried VTEM magnetic/conductor anomaly. A third VMS
target is a massive sulphide horizon grading 0.45% copper uncovered
via overburden trenching. Again a VTEM magnetic/conductor anomaly is
immediately adjacent to the trenched area but under a spruce swamp.
These targets are coincident with hydrothermally altered rocks
distributed about a late volcanic intrusive.
Mr. Andrew Tims, P.Geo will be operating as the Company's qualified
person under National Instrument 43-101. Mr. Tims has reviewed the
technical content of this news release and confirms its accuracy.
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 Mon Nov 23, 2009 at 6:14:42 AM Pacific Time
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