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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Message: Re: Cummings Property Acquisition & Private Placement Extension

I agree it seems strange that they would be adding properties in these economic times. Management is full of veterans so this property must have good potential. If they prove economical gold at loveland and the copper/ nickel prises recover. Amador will need other properties to explore and knows its a great time to accumulate good assets at rock bottom prises. It will be interesting to see what targets are produced from their VTEM survey. The release said $60;000, their was no mention of any share dilution in this new property. yet the $'s will have to come from some ware. Lets all hope they find lots of gold in Loveland and the share prise is a lot higher, for the next private placement. 5 MILION units at a $ would sure pay for a lot more exploration then selling them at 6 cents will.


Apr 23, 2009 07:29AM
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