Overview

The Loveland Property is situated 25 km west of the Kidd Creek copper-zinc-silver deposit, and 30 km east of Xstrata's Montcalm nickel-copper deposit. The 19,856-hectare project encompasses a newly discovered nickel-copper zone that will be aggressively drilled and developed in the year ahead, several historic targets and numerous EM anomalies suggesting the presence of massive sulphide mineralization.

• Amador's first three holes drilled at Loveland --- spanning a strike length of 100 meters --- all intersected nickel-copper mineralization. One of the discovery holes returned three intervals within a 45.0-meter wide zone that averages 0.75% copper and 0.70% nickel from 120.6 to 165.6 meters.
• The discovery was made down-dip of a discovery made by Cominco (now Teck Cominco) in the 1970s, beyond the limits of Cominco's historic resource of 130,000 tons at 0.68% copper and 0.73% nickel. (NOTE: This estimate is non-compliant with NI 43-101 standards and should not be relied upon.)
• The property includes the Hollinger occurrence, drilled prior to 1975, which hosts a historic resource of 442,000 tons of 0.42% copper and 0.71% nickel. (This resource is also non-compliant with NI 43-101 disclosure standards.)

Geology

The property is underlain by felsic to ultramafic volcanics and intrusives favorable for hosting volcanogenic or ultramafic-related nickel-copper deposits. The style of mineralization may be similar to Xstrata's Montcalm nickel-copper deposit.

Next Steps

Amador is conducting an aggressive exploration and drilling program to achieve several objectives: expand its new nickel-copper discovery; further test the Cominco discovery at depth and along strike; explore the Hollinger occurrence, which remains open at depth and is near and on strike with Amador's newly discovered mineralization; and test numerous anomalies identified by geophysical surveys.