| August 06, 2009 Amador Gold Samples 75.0 g/T Gold on New Zone at Horwood Property | |
| • OTHER SAMPLES INCLUDE 57.1 G/T, 48.3 G/T, AND 43.3 G/T GOLD • COMPANY'S HIGHEST GRADE SAMPLES DISCOVERED TO DATE ON HORWOOD PROPERTY VANCOUVER -- Amador Gold Corp. (TSX-V:AGX) (the "Company") is pleased to announce that its recent exploration program has identified new high-grade gold targets at the Horwood Property situated approximately 85 km southwest of Timmins, Ontario. An audio summary of this release and the Horwood property has been prepared by Peter Caldbick, the Company's PGeo for the Horwood Project, and is available through AGORACOM Investor Relations via the following link (link will go live at approximately 9:30am EST, August 6, 2009): http://smallcapepicenter.com/executive/AGXbtpr06August2009/index.htm Previous exploration programs had confirmed the presence of both gold and volcanogenic massive sulphide-style (VMS) mineralization at the wholly owned project. Previously reported grab samples from quartz veins within gabbros returned values of 17.30 g/t (grams per tonne) gold, 22.72 g/t gold and 19.68 g/t gold. Recent trenching and stripping activities have exposed a series of narrow, parallel quartz veins hosted within a granodioritic pluton known as the Horwood Peninsula Pluton (HPP) proximal to a granodiorite mafic metavolcanic contact. The quartz veins are described as parallel sets of shallow, southeast-dipping blue-grey veins with semi-massive bands of pyrite and carbonate alteration up to 0.5 meters in width and trending 240 degrees southwest. A larger (30 cm) shear-hosted vein shows massive sulphide sections with mostly pyrrhotite and pyrite with trace chalcopyrite. This structure dips more steeply to the north and shows strike length potential. • Seven grab samples were taken, with four of the seven returning grades of 75.0 g/t gold, 57.1 g/t gold, 48.3 g/t gold and 43.3 g/t gold with the remaining samples containing anomalous values of concentrated gold. Further prospecting has revealed additional veins on strike within 100 meters of the recent stripping. Additional stripping and trenching has commenced to further expose the multiple vein sets, to be followed by a program of systematic channel sampling. Amador's geological team is also compiling geophysical data in the area to select additional prospective targets, as much of the property is covered by overburden. For recent highlights from the Horwood project as well as a summary of the Company's other Ontario exploration work please see the news release dated July 15, 2009 or click on the following link: http://www.amadorgoldcorp.com/s/NewsReleases.asp?ReportID=356042 The Horwood Project is located approximately 60 km southwest of recent gold discoveries made by Lakeshore Gold Corp. and West Timmins Mining Inc. Peter Caldbick, P.Geo. is the qualified person for the purposes of National Instrument 43-101 for the Company's Horwood Project. 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. These projects include the Loveland gold-copper-nickel project which recently completed its spring drill program and the Horwood gold project. 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 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. | |
You can view the Next News Releases item: Thu Aug 13, 2009, Amador Gold to Commence Trenching and Stripping Program on Multiple Vein Sets Discovered on Strike with Recent High-Grade Gold Samples You can view the Previous News Releases item: Wed Jul 15, 2009, Amador Gold Corp. Provides Summary on Ontario Projects You can return to the main News Releases page, or press the Back button on your browser. |
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