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Loveland Project: Nickel-Copper Intersected At Depth Prospecting Confirms High-Grade Gold Targets on Surface
Loveland Project: Nickel-Copper Intersected At Depth Prospecting Confirms High-Grade Gold Targets...
About this update from Mene, Inc. Class B
[{"type":"text","content":"Loveland Project: Nickel-Copper Intersected At Depth Prospecting Confirms High-Grade Gold Targets on Surface\n\n\n\nLoveland Project: Nickel-Copper Intersected At Depth Prospecting Confirms High-Grade Gold Targets on Surface\n\nVancouver, British Columbia CANADA, December 08, 2008 /FSC/ - Amador Gold Corp. (AGX - TSX Venture, ADRGF - OTCBB_Pink_Sheets), (the \"Company\") is pleased to announce additional results from an exploration program designed to advance historic nickel-copper zones and further define newly discovered gold targets at its Loveland Project in Loveland Township, about 35 kilometers northwest of Timmins, Ontario.\n\nRecent drilling at the Loveland Project has focused on the Cominco Zone, one of two nickel-copper zones with historic resources on the property.\n\n* 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.\n\n* Another drill hole, LL08-18, collared about 235 metres southwest of drill hole LL08-22, intersected 0.40% copper and 0.80% nickel over a drilled width of 7.0 metres from 66.80 to 73.80 metres. This intercept occurs at about 50 metres vertically below surface and indicates that mineralization may extend to surface.\n\nExploration and drilling programs at the Loveland Property are continuing to enhance the potential of the historic Cominco Zone, situated 1.5 kilometers from the historic Hollinger Zone.\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\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\n*A qualified person has not done sufficient work to classify the historical estimate as current mineral resources; therefore the Company is not treating the historical estimate as current mineral resour...