Amador Gold Corp. Commences Drilling on Maskooch Lake Property
23 Noviembre 2009 - 8:11AM
Marketwired
Amador Gold Corp. (TSX VENTURE: 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.
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.
Contacts: Corporate Inquiries: Amador Gold Corp. Kevin Hull or
Alan Campbell, Investor Relations (604) 685-2222
info@amadorgold.com www.amadorgoldcorp.com AGORACOM Investor
Relations: AGX@agoracom.com http://www.agoracom.com/ir/Amador
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