Amador Gold Corp Intersects 0.88% Nickel 1.11% Copper Over 9.2 Meters at Loveland's Cominco Zone, Discovers Significant Minerali
19 Mai 2010 - 3:07PM
Marketwired Canada
Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to announce
results of the diamond drilling on the Loveland project located 35 km NW of
Timmins, Ontario. A total of 3463 m were drilled of which 1713 m were drilled in
seven holes LL09-08 to LL09-14 for exploration to test airborne V-TEM anomalies
and 1104 meters were drilled in five drill holes LL10-15 to LL10-19, as follow
up and infill drilling on 25 m centers within the Cominco Zone in Byers
Township.
The highlight of the program was the intersections confirming the continuity and
significant widths of the sulphide lenses within the Cominco Zone. Infill drill
holes LL10-15, LL10-17, LL10-18 LL10-19 were drilled on 25 m centers between the
earlier 2007 and 2008 drill holes and all intersected significant sulphides
confirming the continuity of the mineralization. Drill hole LL10-18 returned the
best results from 112.5m to 127.8m which returned a combined total 1.48%
copper-nickel, 0.88% copper and 0.60% nickel over the 15.3 metres including a
higher grade zone with 1.11% copper and 0.88% nickel, 1.99% combined
copper-nickel over 9.2m from 117.9 to 126.9. Drill holes LL10-15, LL10-17 and
LL10-19 all returned significant copper-nickel values over various widths
ranging from 12.0 to 19.4 metres with grades up to 1.15% combined copper nickel.
The results confirm the continuity of the mineralized lenses as well as their
significant widths.
To view a map of the Company's Loveland Copper/Nickel/Gold project click on the
following link:
http://www.brmstatpack.com/lt/1001/1120/loveland-map.
"The continuity shown in the Cominco Zone is encouraging as we continue to
define known areas of mineralization at the Loveland project," comments Company
President, Richard Hughes. "Drilling has now tested 5 of 33 known VTEM anomalies
and copper/nickel mineralization has been discovered in numerous holes.
Compilation work is underway to assess any relationship between the anomalies
and mineralization discovered through recent drilling in order to further define
drill targets for the Company's next program."
Diamond drilling has tested five of the thirty-three VTEM airborne anomalies on
the Loveland Project. Most of the conductors have been explained as barren
massive sulphides andor massive magnetite usually within or associated with
mafic to intermediate volcanics. The highlight of the program was the
intersection from anomaly B in drill hole LL10-10 from 104 to 105 metres which
returned a combined total of 0.98% copper-nickel, 0.52% copper and 0.46% nickel
over 1 meter. Further diamond drilling will be required to follow up this
mineralization as well as many other V-TEM anomalies remain untested.
The Company has also intersected significant nickel and copper mineralization at
depth beneath the historical Cominco nickel-copper sulphide zone on the Loveland
Property. Company drill hole LL08-22 intersected 1.41% copper and 0.98% nickel,
or 2.39% combined copper-nickel, over a drilled width of 4.0 metres from 488.0
to 492.0 metres. This intersection occurred at about 400 metres vertically below
surface and is the deepest intersection to date at Loveland. The combined
copper-nickel grades of 2.39% are higher than the previously seen average of
approximately 1.41% combined copper-nickel.
The Company previously completed an airborne VTEM geophysical survey over part
of the Loveland Property, including the Cominco Zone and Hollinger nickel-copper
zone located 1.5 km south east of the Cominco zone. The airborne magnetic and
electromagnetic (EM) surveys have identified both zones. Of equal interest are
numerous new targets that have been identified by the airborne surveys that
appear to be on strike with the Cominco and Hollinger zones.
Management is very encouraged by the gold discoveries, nickel-copper zones, and
airborne geophysical targets on the Loveland Property. Amador owns a large land
package that covers favourable geology to expand existing discoveries and find
additional new zones. The property located approximately 35 km northwest of
Timmins is road accessible.
Table 1.
----------------------------------------------------------------------------
Loveland
Project From To Length Copper Nickel Cu + Ni
Hole No. (m) (m) (m) (%) (%) (%) Comments
----------------------------------------------------------------------------
LL09-08 to 09 NSA V-TEM
----------------------------------------------------------------------------
LL09-10 104 105.00 1.0 0.52 0.46 0.98 V-TEM
----------------------------------------------------------------------------
LL09-11 to 14 NSA V-TEM
----------------------------------------------------------------------------
LL10-15 108.6 128.0 19.4 0.57 0.34 0.91 Cominco Zone
----------------------------------------------------------------------------
Infill drilling
Between LL08-11
Includes 113.9 124.4 10.5 0.71 0.44 1.15 & 18
----------------------------------------------------------------------------
Cominco Zone
----------------------------------------------------------------------------
Infill drilling
Between AMCG07-1
LL10-16 NSA & LL08-11
----------------------------------------------------------------------------
LL10-17 124.7 136.7 12.0 0.43 0.20 0.63 Cominco Zone
----------------------------------------------------------------------------
Infill drilling
Includes 133.0 136.7 3.7 0.66 0.22 0.88 25m NW AMDG07-1
----------------------------------------------------------------------------
LL10-18 112.5 127.8 15.3 0.88 0.60 1.48 Cominco Zone
----------------------------------------------------------------------------
Infill drilling
25m SE AMDG07-1
----------------------------------------------------------------------------
includes 117.7 126.9 9.20 1.11 0.88 1.99
----------------------------------------------------------------------------
LL10-19 166.0 181.0 15.0 0.60 0.31 0.91 Cominco Zone
----------------------------------------------------------------------------
Infill drilling
50m SW
LL10-18
----------------------------------------------------------------------------
includes 174.0 181.0 7.0 0.70 0.30 1.0
----------------------------------------------------------------------------
NSA ----No Significant Assays
Peter Caldbick, P.Geo., and Charles Hartley, P.Geo. are the qualified people for
the purposes of National Instrument 43-101 for the Company's Loveland Project.
Project supervision is by Charles Hartley and the contents of the press release
have 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 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.
Silver X Mining (TSXV:AGX)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Silver X Mining (TSXV:AGX)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
