Byers-Loveland Project Expands
posted on
Apr 01, 2008 06:17AM
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)
SOURCE: Amador Gold Corp.
VANCOUVER, BC--(Marketwire - April 1, 2008) - Amador Gold Corp. (TSX-V: AGX) ("Amador") is pleased to announce that it has staked additional ground to the west of the recent copper nickel discovery on the Byers Loveland Project, just 35 km northwest of Timmins, Ontario. This large parcel of land secures for Amador any mineral potential between the Byers Loveland property and Xstrata's Montcalm operating mine, 30 km to the west.
At Byers-Loveland, Amador will be drilling to increase strike length of its copper-nickel discovery, as well as drilling beneath the Hollinger mineralization on the newly acquired Moneta Porcupine property 1.5 km to the southeast. The Hollinger deposit was drilled prior to 1975 and is reported to be 442,000 tons of 0.42% copper and 0.71% nickel. This is a historical resource that is non 43-101 compliant.
The Company's recently announced aggressive development program will try to duplicate its success at Byers Loveland, where mineralization was discovered below the former successful drilling of Cominco. Drilling beneath the Hollinger-Moneta mineralization will determine if mineralization continues at depth as it has below the Cominco mineralization.
About Amador
Amador Gold is well positioned to discover and capitalize on world-class gold, silver, platinum, palladium, copper/nickel and diamond deposits. During the last few years, the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario. The Company's assets are entirely within Canada with a strong focus in Ontario. These properties have existing infrastructure and are often within road access to metallurgical facilities to process mined ores.
For further information contact: Alan Campbell, Hughes Exploration Group Phone: (604) 685-2222 or visit Amador's web-site: www.amadorgoldcorp.com to see Smartstox interviews with our Company Chairman and President.
This document contains certain forward-looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.