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Loveland Project: Gold Discovery at Surface
Loveland Project: Gold Discovery at Surface
About this update from Mene, Inc. Class B
[{"type":"text","content":"Loveland Project: Gold Discovery at Surface\n\n\n\nLoveland Project: Gold Discovery at Surface\n\nProspecting Reveals Second Gold Discovery at Loveland:\nWinter Drilling to Test Both Gold and Nickel-Copper Targets\n\n\nVancouver, British Columbia CANADA, November 26, 2008 /FSC/ - Amador Gold Corp. (AGX - TSX Venture, ADRGF - OTCBB_Pink_Sheets), is pleased to announce that a recent prospecting program has generated a second gold discovery on the Loveland Property situated 35 km northwest of Timmins, Ontario.\n\nThe first gold discovery was found below the Cominco nickel-copper zone, one of two historic nickel-copper zones on the property, in the early fall of 2008. (See Sept. 24, 2008 news release.) The gold mineralization occurs within silicified granodiorite with quartz stringers associated with finely disseminated pyrite and arsenopyrite.\n\nPreviously released results from initial drilling of the first gold discovery include:\n\n* Hole LL08-13 intersected gold mineralization near the bottom of the hole and returned 6.37 g/t (grams per tonne) gold over a drilled width of 8.55 meters from 383.25 to 391.80 meters. \n* Additional intercepts from Hole LL08-13 include: 6.17 g/t gold over 3.0 meters from 403.0 to 406.0 meters; and 10.39 g/t gold over 3.1 meters from 410.30 to 413.40 meters drilled width.\n\nFollow-up prospecting has led to a second gold discovery south of the Cominco Zone and about 400 meters southeast of the mineralized intercepts in drill hole LL08-13 (see Figure 1).\n\n* Two separate grab samples taken from an outcrop of granodiorite in this area have returned values of 8.98 g/t gold and 11.48 g/t gold.\n \n\"Until now we've been working with a gold zone approximately 300 meters vertically below surface,\" comments John Keating, Amador's V.P. of Exploration. \"We are very excited at the new potential with the discovery of the same gold-bearing, rock-type at surface over 400 meters away. Extensive follow-up work is now underway to determine whether or not we are dealing with the same zone, or possibly multiple zones.\"\n\nCore from previous drilling is being checked for possible other zones of silicified mineralized granodiorite that may not have been sampled. It is not yet known if the zone exposed on surface is associated with the initial gold discovery at Loveland.\n\nAs well, all historic...