VANCOUVER, BRITISH COLUMBIA, Nov 23 (MARKET WIRE) --
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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