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Amador Gold Makes New Gold Discovery on its Loveland Nickel Copper Project
Amador Gold Makes New Gold Discovery on its Loveland Nickel Copper Project
About this update from Mene, Inc. Class B
[{"type":"text","content":"Amador Gold Makes New Gold Discovery on its Loveland Nickel Copper Project\n\n\n\nAmador Gold Makes New Gold Discovery on its Loveland Nickel Copper Project\n\nVancouver, British Columbia CANADA, September 24, 2008 /FSC/ - Amador Gold Corp. (AGX - TSX Venture, ADRGF - OTCBB_Pink_Sheets), is pleased to announce a significant new gold discovery on its Loveland Nickel Copper project located approximately 35 kilometers northeast of Timmins Ontario. This discovery was made in the course of drilling to further delineate and expand the Cominco Zone of nickel-copper mineralization.\n\nDrillhole LL08-13, collared to intersect the downdip extension of the Cominco Zone, intersected 6.37 g/t Au over a drilled width of 8.55 meters from 383.25 to 391.80 meters. Additional intercepts include 6.17 g/t Au over 3.0 meters from 403.0 to 406.0 meters and 10.39 g/t Au over 3.1 meters from 410.30 to 413.40 meters drilled width. This gold mineralization occurs within a sheared and silicified granodiorite as a stockwork of low angle quartz stringers associated with approximately 5 to 8% disseminated pyrite and arsenopyrite. Although early observations suggest that there may be a structural control associated with the mineralization, an interpretation of this new gold zone is preliminary and more drilling will be required to determine the true width, dip, strike and plunge extents. Company geologists are presently reevaluating completed drill holes intersecting the granodiorite which may result in deepening the holes to intersect the gold zone.\n\nDrill hole LL08-13 also intersected anomalous copper-nickel mineralization within gabbros in the upper portion of the hole. The hole was stopped at 425 meters and may be extended in the next phase of drilling to test for additional gold zones at depth. \n\nAmador plans to explore the new gold zone and continue to expand the Cominco nickel copper zone to depth and along strike. The Cominco Zone is hosted in gabbroic rocks and historically grades approximately 1.40% combined copper-nickel as confirmed by previously released drill results (March 13, 2008). The mineralization resembles Xstrata's Montcalm deposit 35 kilometers to the west. The zone appears to extend to surface, has now been traced along strike for approximately 175 meters, and has been intersected approxi...