Amador Gold Corp. Announces Results from Phase One of Horwood Drill Program, Plans Phase Two
04 Marzo 2010 - 12:21PM
Marketwired
Amador Gold Corp. (TSX VENTURE: AGX) (the "Company") is pleased to
announce the results of 2009 diamond drilling on its wholly owned
Horwood Property in the West Timmins gold district. The property is
located along a splay off the Destor-Porcupine Fault, the Hardiman
Bay Fault, approximately 60 km southwest of a recent major gold
discovery made by Lakeshore Gold Corp and West Timmins Mining Inc.
"We are happy to report the initial results from the latest
drilling on the Horwood Gold Project. Our top priority continues to
be the high-grade RHB zone, for which we have new geophysical data
to aid in the preparation of the next drill program," comments
Company President, Richard Hughes. "A number of targets have since
then been identified and will be tested in the upcoming second
phase of drilling."
Highlights from the 14 drill hole 1900 meter drill program
completed during November and December 2009 include 9.93 g/t gold
over 0.50m in drill hole H09-04 and 4.89 g/t gold over 0.80m in
drill hole H09-06 from the Labbe zone. Earlier grab samples from
the Labbe #1 Zone has returned two samples with assays of 28.8 g/t
and 26.4 g/t gold. A full table of results is available at the end
of the release as well as on the Company's website.
Diamond drilling below an earlier intersection of 12.35 g/t gold
over 2.4 meters intersected 1.42 g/t gold over 0.9m, from 204.20 to
205.10 meters and 1.71 g/t over 0.4 meters from 154.30 to 154.70
meters. Both intercepts occur within silicified shear zones. 2008
diamond drilling from AGX-12 within the Gabbro Zone intersected
visible gold in a narrow quartz vein and returned 29.4 g/t gold
over 0.4m from 24.0 to 24.4m.
Soil gas and MMI test geochemical surveys completed over the
Haddington and Labbe showings returned anomalous gold indicators.
The porphyry intersected in the Labbe zone possesses widespread,
anomalous gold values. A compilation of all drilling down on the
Labbe zone is underway to evaluate the structure controlling gold
mineralization.
RHB Zone Update:
Geophysical surveys have been completed over the RHB zone.
Magnetic VLF-EM and induced polarization (IP) surveys completed and
are currently being evaluated and have already identified numerous
drill targets. An IP survey has located other anomalies which may
host favourable structures mineralization. The geophysical surveys
as well as the geochemical survey are also being evaluated for
potential targets. The Company expects to release proposed drill
plans for the RHB zone in the near future.
A rigorous quality assurance program is employed which includes
the insertion of standards and blanks for each batch of samples.
Samples of the NQ size drill core are sawed in half, with one-half
sent to a commercial laboratory and the other half retained for
future reference. Core samples are routinely analyzed for gold
using standard fire assay using 30 gram aliquot with atomic
absorption finish.
Peter Caldbick, P.Geo., and Charles Hartley, P.Geo. are the
qualified people for the purposes of National Instrument 43-101 for
the Company's Horwood Project. Project supervision is by Charles
Hartley and the contents of the press release have been reviewed
and approved by Peter Caldbick.
The Company is also pleased to announce the appointment of Diana
Mark as Corporate Secretary and Kathi Bartels as Assistant
Corporate Secretary.
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.
Horwood Project 2009 Diamond Drilling (assays greater than 1.0
g/t Gold)
-------- ------- ------ ------- -------- ----------------------------------
Hole No from to length g/t Gold Comments
-------- ------- ------ ------- -------- ----------------------------------
H09-01 154.30 154.70 0.40 1.71 Bend Zone, silicified shear zone
-------- ------- ------ ------- -------- ----------------------------------
H09-01 204.20 205.10 0.90 1.42 Bend Zone, silicified shear zone
-------- ------- ------ ------- -------- ----------------------------------
-------- ------- ------ ------- -------- ----------------------------------
H09-04 67.80 68.40 1.00 1.19 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
H09-04 37.90 38.40 0.50 9.93 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
H09-04 47.90 48.90 1.00 1.14 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
H09-04 50.80 51.50 0.70 4.57 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
-------- ------- ------ ------- -------- ----------------------------------
H09-05 66.80 67.20 0.40 1.08 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
-------- ------- ------ ------- -------- ----------------------------------
H09-06 14.50 15.20 0.70 1.11 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
H09-06 40.70 41.80 0.90 1.34 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
H09-06 45.20 45.80 0.60 1.28 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
H09-06 49.70 50.10 0.40 1.12 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
H09-06 79.20 80.00 0.80 4.89 Labbe Zone, silicified QFP
-------- ------- ------ ------- -------- ----------------------------------
-------- ------- ------ ------- -------- ----------------------------------
silicified, Quartz veining, IP
H09-07 72.00 73.00 1.00 1.29 anomaly
-------- ------- ------ ------- -------- ----------------------------------
silicified, Quartz veining, IP
H09-07 73.00 74.00 1.00 1.44 anomaly
-------- ------- ------ ------- -------- ----------------------------------
-------- ------- ------ ------- -------- ----------------------------------
silicified, Quartz veining, IP
H09-09 21.30 22.30 1.00 1.07 anomaly
-------- ------- ------ ------- -------- ----------------------------------
silicified, Quartz veining, IP
H09-09 27.30 28.30 1.00 1.23 anomaly
-------- ------- ------ ------- -------- ----------------------------------
-------- ------- ------ ------- -------- ----------------------------------
silicified, Quartz veining, IP
H09-12 73.60 74.10 0.50 1.52 anomaly
-------- ------- ------ ------- -------- ----------------------------------
silicified, Quartz veining, IP
H09-12 75.00 75.90 0.90 1.01 anomaly
-------- ------- ------ ------- -------- ----------------------------------
-------- ------- ------ ------- -------- ----------------------------------
silicified, Quartz veining, IP
H09-14 28.90 29.90 1.00 1.11 anomaly
-------- ------- ------ ------- -------- ----------------------------------
silicified, Quartz veining, IP
H09-14 86.20 86.60 0.40 1.95 anomaly
-------- ------- ------ ------- -------- ----------------------------------
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
Silver X Mining (TSXV:AGX)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Silver X Mining (TSXV:AGX)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
