Business
Drilling Continues on Amador Properties
Drilling Continues on Amador Properties
About this update from Mene, Inc. Class B
[{"type":"text","content":"Drilling Continues on Amador Properties\n\n\n\nDrilling Continues on Amador Properties\n\nVancouver, British Columbia CANADA, May 13, 2008 /FSC/ - Amador Gold Corp. (AGX - TSX Venture, ADRGF - OTCBB_Pink_Sheets), is encouraged by current drilling on the Ajax and Loveland Properties and is pleased to announce that the drilling programs have been expanded. In addition, new airborne geophysical data indicates greater potential for gold mineralization on the Horwood Property. \n\nThe Ajax drilling program is testing a number of targets within an ultramafic-mafic intrusive. One area is reported to contain an historical 4 million tons of nickel-copper sulphide mineralization that was outlined by drilling in the 1960's. This non 43-101 compliant historical tonnage is being drilled with widely spaced holes to first assess the grade and possible size of the zone. Mineralization being intersected to date includes disseminated to almost net-textured sulphides. This style of mineralization suggests that a more massive sulphide zone may be present at depth within the intrusive. More massive sulphide zones on the Ajax property have historically returned higher grade nickel-copper mineralization with platinum, palladium and gold. Deeper drilling followed by down-hole geophysics is planned to test for massive sulphide zones. \n\nDrilling on the Loveland Property is targeting the strike and down dip extensions of nickel (Ni) and copper (Cu) mineralization discovered late last year. Three holes drilled in November 2007, spanning a strike length of 100 meters, all intersected nickel and copper sulphide mineralization. The third of the 3 holes (AMDG-03) intersected 3 higher grade intersections within a 45 metre wide nickel-copper zone. The 3 intersections are 1.48% Ni and 0.9% Cu over 9.4 meters (m) from 120.6 to 130 meters, 1.15 % Ni and 1.11% Cu over 3.9m from 132.6 to 136.5m, and 0.70% Ni and 1.06% Cu over 13.6 meters from 146.4 to 160.0 meters. These 3 separate intersections occur within a 45.0 meter wide zone that averages 0.75% Cu and 0.70% Ni from 120.6 to 165.6 meters. \n\nMore than 20 holes have been drilled at the Ajax property and over 5 ho...