Amador Gold Corp.
TSX VENTURE : AGX

Amador Gold Corp.

March 04, 2010 13:21 ET

Amador Gold Corp. Announces Results from Phase One of Horwood Drill Program, Plans Phase Two

- DRILLING INTERSECTED A NUMBER OF MINERALIZED ZONES THROUGHOUT A LARGER QUARTZ FELDSPAR PORPHYRY

- NEW GEOPHYSICAL DATA AVAILABLE FOR RHB ZONE (PREVIOUS GRAB SAMPLES AS HIGH AS 183.5 G/T GOLD) - A NUMBER OF HIGH-PRIORITY RHB ZONE TARGETS HAVE NOW BEEN IDENTIFIED FOR PHASE TWO DRILLING

- BEND ZONE EXTENDED TO DEPTH; SILICIFIED SHEAR ZONE WITH ANOMALOUS GOLD VALUES EXTEND FAVOURABLE STRUCTURE TO DEPTH

- DRILLING AT LOVELAND PROPERTY CURRENTLY UNDERWAY

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2010) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company") is pleased to announce the results of 2009 diamond drilling on its wholly owned Horwood Property in the West Timmins gold district. The property is located along a splay off the Destor-Porcupine Fault, the Hardiman Bay Fault, approximately 60 km southwest of a recent major gold discovery made by Lakeshore Gold Corp and West Timmins Mining Inc.

"We are happy to report the initial results from the latest drilling on the Horwood Gold Project. Our top priority continues to be the high-grade RHB zone, for which we have new geophysical data to aid in the preparation of the next drill program," comments Company President, Richard Hughes. "A number of targets have since then been identified and will be tested in the upcoming second phase of drilling."

Highlights from the 14 drill hole 1900 meter drill program completed during November and December 2009 include 9.93 g/t gold over 0.50m in drill hole H09-04 and 4.89 g/t gold over 0.80m in drill hole H09-06 from the Labbe zone. Earlier grab samples from the Labbe #1 Zone has returned two samples with assays of 28.8 g/t and 26.4 g/t gold. A full table of results is available at the end of the release as well as on the Company's website.

Diamond drilling below an earlier intersection of 12.35 g/t gold over 2.4 meters intersected 1.42 g/t gold over 0.9m, from 204.20 to 205.10 meters and 1.71 g/t over 0.4 meters from 154.30 to 154.70 meters. Both intercepts occur within silicified shear zones. 2008 diamond drilling from AGX-12 within the Gabbro Zone intersected visible gold in a narrow quartz vein and returned 29.4 g/t gold over 0.4m from 24.0 to 24.4m.

Soil gas and MMI test geochemical surveys completed over the Haddington and Labbe showings returned anomalous gold indicators. The porphyry intersected in the Labbe zone possesses widespread, anomalous gold values. A compilation of all drilling down on the Labbe zone is underway to evaluate the structure controlling gold mineralization.

RHB Zone Update:

Geophysical surveys have been completed over the RHB zone. Magnetic VLF-EM and induced polarization (IP) surveys completed and are currently being evaluated and have already identified numerous drill targets. An IP survey has located other anomalies which may host favourable structures mineralization. The geophysical surveys as well as the geochemical survey are also being evaluated for potential targets. The Company expects to release proposed drill plans for the RHB zone in the near future.

A rigorous quality assurance program is employed which includes the insertion of standards and blanks for each batch of samples. Samples of the NQ size drill core are sawed in half, with one-half sent to a commercial laboratory and the other half retained for future reference. Core samples are routinely analyzed for gold using standard fire assay using 30 gram aliquot with atomic absorption finish.

Peter Caldbick, P.Geo., and Charles Hartley, P.Geo. are the qualified people for the purposes of National Instrument 43-101 for the Company's Horwood Project. Project supervision is by Charles Hartley and the contents of the press release have been reviewed and approved by Peter Caldbick.

The Company is also pleased to announce the appointment of Diana Mark as Corporate Secretary and Kathi Bartels as Assistant Corporate Secretary.

About Amador Gold

Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada. These projects include the Loveland gold-copper-nickel project program and the Horwood gold project.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

Horwood Project 2009 Diamond Drilling (assays greater than 1.0 g/t Gold)

Hole No from to length g/t Gold Comments
H09-01 154.30 154.70 0.40 1.71 Bend Zone, silicified shear zone
H09-01 204.20 205.10 0.90 1.42 Bend Zone, silicified shear zone
           
H09-04 67.80 68.40 1.00 1.19 Labbe Zone, silicified QFP
H09-04 37.90 38.40 0.50 9.93 Labbe Zone, silicified QFP
H09-04 47.90 48.90 1.00 1.14 Labbe Zone, silicified QFP
H09-04 50.80 51.50 0.70 4.57 Labbe Zone, silicified QFP
           
H09-05 66.80 67.20 0.40 1.08 Labbe Zone, silicified QFP
           
H09-06 14.50 15.20 0.70 1.11 Labbe Zone, silicified QFP
H09-06 40.70 41.80 0.90 1.34 Labbe Zone, silicified QFP
H09-06 45.20 45.80 0.60 1.28 Labbe Zone, silicified QFP
H09-06 49.70 50.10 0.40 1.12 Labbe Zone, silicified QFP
H09-06 79.20 80.00 0.80 4.89 Labbe Zone, silicified QFP
           
H09-07 72.00 73.00 1.00 1.29 silicified, Quartz veining, IP  anomaly
H09-07 73.00 74.00 1.00 1.44 silicified, Quartz veining, IP  anomaly
           
H09-09 21.30 22.30 1.00 1.07 silicified, Quartz veining, IP  anomaly
H09-09 27.30 28.30 1.00 1.23 silicified, Quartz veining, IP  anomaly
           
H09-12 73.60 74.10 0.50 1.52 silicified, Quartz veining, IP  anomaly
H09-12 75.00 75.90 0.90 1.01 silicified, Quartz veining, IP  anomaly
           
H09-14 28.90 29.90 1.00 1.11 silicified, Quartz veining, IP  anomaly
H09-14 86.20 86.60 0.40 1.95 silicified, Quartz veining, IP  anomaly

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