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Loveland Project: Exploration Update
Loveland Project: Exploration Update
About this update from Mene, Inc. Class B
[{"type":"text","content":"Loveland Project: Exploration Update\n\n\n\nLoveland Project: Exploration Update\n\nRecent VTEM Survey Generates New Exploration Targets Assays Awaited From Historic Nickel-Copper Zone Winter Drilling Program in Planning Stages:\nGold Discovery Adds New Dimension to Loveland\n\n\n\nVancouver, British Columbia CANADA, November 24, 2008 /FSC/ - Amador Gold Corp. (AGX - TSX Venture, ADRGF - OTCBB_Pink_Sheets), is pleased to announce that it is planning a winter drilling program to test newly generated VTEM geophysical targets at its Loveland Project, 35 km northwest of Timmins, Ontario. The property also hosts two previously drilled nickel-copper zones that will be further tested in the proposed winter program, as well as a recently discovered gold prospect at depth.\n\n\"We're pleased by the quality and geological diversity of exploration targets at the Loveland Property,\" said John Keating, Vice-President of Exploration. \"The presence of significant gold mineralization at depth below known nickel-copper mineralization confirms the property's potential for hosting both base and precious metals.\"\n\nThe most advanced exploration targets at the Company's wholly owned Loveland Property are the historic Cominco and Hollinger Zones, situated 1.5 km apart.\n\n* The Cominco Zone, drilled in the 1970s by Cominco (now Teck), contains a historic resource of 130,000 tons grading 0.73% nickel and 0.68% copper that is non-compliant with NI 43-101 disclosure standards. \n* The Hollinger Zone, drilled by Hollinger Mines prior to 1975, hosts a historic resource of 442,000 tons grading 0.71% nickel and 0.42% copper that is also non-compliant with NI 43-101 disclosure standards.\n\nAmador has received data from its 2008 VTEM survey completed over the Byers and Loveland Township portions of the Loveland Property. Initial analysis of the data shows the system clearly outlining the two historical mineralized zones as well as additional clusters of conductors in areas where the underlying rock types are unknown due to lack of outcrop. The area around and between the two occurrences is relatively flat, poorly drained and covered by overburden.\n\nThe VTEM system is a powerful, cutting-edge geophysical system that can penetrate several hundred metres of overburden and rock, revealing possible base metal mineralization at depth.\n...