Multi-Metal Company Exploiting Prominent Ontario Regions
Significant new gold discovery on surface at Loveland (11.48 g\t gold) over 400 meters away from the only other known gold zone (6.37 g/t over 8.55 m & 10.39 g/t over 3.1 m)
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# 711-675WEST HASTINGS STREET V ANCOUVER, B.C. CANADA V6B 1N2
T ELEPHONE: 604-685-2222
F AX: 604-685-3764 WWW .AMADORGOLDCORP.COM FOR IMMEDIATE RELEASE: June 3, 2009 TSX-V:AGX AMADOR GOLD ANNOUNCES FOLLOW-UP WORK PLANNED ON HORWOOD MASSIVE SULPHIDE INTERSECTION VANCOUVER, BC –
Amador Gold Corp
. (the ‘Company’) (TSX-V:AGX) is pleased to
announce it will be commencing follow-up exploration work on volcanogenic massive sulphide-style (VMS) mineralization on the Horwood property. The VMS mineralization was discovered in a 2008 drill program which also intersected 12.35 g/t Au over 2.4 meters. The Horwood property is located approximately 75 km southwest of Timmins, Ontario.
•
Hole AGX-08-24 intersected
1.3 meters of massive sulphides grading 4.47%
copper and 2.03% zinc
from 74.7 to 76 meters.
•
Hole AGX-08-29 returned 1.69% copper and 1.31% zinc over 0.3 meters,
while
Holes AGX-08-23 and AGX-08-25 to 28 returned anomalous copper and zinc values.
•
Down-hole geophysical surveys indicate both in-hole and off-hole anomalies. Similar
VTEM anomalies are known on the property but are yet to be tested.
Drill hole From To Meters (Drilled Width) Cu (%) Zn (%)
AGX-08-23 80.4 84.0 3.6 0.42 0.16
AGX-08-24 74.7 78.5 3.8 1.7 1.1
Including 74.7 76.0 1.3 4.45 2.85
AGX-08-25 118.9 119.5 0.6 0.14 N.S.V.
AGX-08-26 N.S.V.
AGX-08-27 30.4 36.0 1.6 0.28 N.S.V.
AGX-08-28 33.5 34.0 0.5 0.29 N.S.V.
AGX-08-29 101.9 108.0 6.1 0.21 0.08
Including 101.9 102.1 0.3 1.69 1.31
Dr. George Hudak, an Associate Professor at the University of Wisconsin Oshkosh and
established researcher on volcanogenic massive sulphide deposits, has re-logged diamond
drill holes AGX-08-23 and AGX-08-24. The massive sulfide mineralization occurs at a
compositional transition from mafic to felsic volcanism, and is typical of VMS-style
mineralization. The hangingwall of the massive sulfide mineralization is composed of chert
exhalites interbedded with laminated to thin-bedded felsic tuff horizons. The massive
sulfide intersection comprises pyrite, pyrrhotite, sphalerite, and chalcopyrite.
“The discovery of VMS mineralization on Horwood combined with recent gold values
significantly increases the potential of the project,” comments Company president, Richard
Hughes. “Although gold remains our primary focus on the Horwood property, follow-up
work is also being done on the VMS zone to further assess its potential.”
Recent prospecting and sampling on the property also resulted in the discovery of new gold
showings about 2 km east of the Bend and Gabbro Zones discovered in late 2006.
•
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
.
The style of mineralization is similar to deposits in the Timmins camp that have collectively produced more than 60 million ounces of gold during the past century. More than 90% of the Horwood Property is covered by overburden. Amador plans to continue exploration on strike of the gold and massive sulphide zones to identify areas where the gold and base metals may be concentrated into high-grade shoots or wide lowgrade gold zones amenable to open-pit mining methods. Ground and airborne VTEM surveys will be used to help guide future drilling to test stratigraphy and structural and geological traps where gold and base metals deposits may occur.
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.
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, 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.
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