Amador To Follow Up On SILVER CLAIM Drill Intercept Of 221 G/t Silver Over 7.70m

Amador Gold Corp. (TSX-V: AGX) (Pink Sheets: ADRGF) has started a review and compilation of the past drilling on the Silverclaim Lake property to gain a greater understanding of the nature of silver mineralization and to further advance the project.

The Silverclaim Lake Claims block is located in Mickle Township, Ontario (100km southwest of Kirkland Lake, Ontario), in the heart of Elk Lake Silver camp and is easily accessed by highway 650.

The mineralization is thought to be associated with Nipissing Diabase. However, the mineralization of the Elk Lake camp appears to be to significantly different from the traditional silver mining camps in the area. The unique feature of the style of silver mineralization is the presence of significant silver tenors in the host rock adjacent to the vein system. It is postulated that the very coarse grained, almost pegmatitic nature of zones within the Nipissing Diabase have either created a primary porosity along irregular grain boundaries in which mineralizing fluids have deposited silver or silver has been precipitated along grain boundaries as a late stage primary feature within the differentiate. These hypothesise are yet to be tested. The end result is that the presence of the silver tenors in the wall rock may act to broaden economic zones or at least decrease waste material in a mining scenario.

Drilling Targets

The previous drilling was directed in three separate areas of the Silverclaim Lake Claims block, namely the Copper Vein showing, the Teck-Lacana ramp and the Cotley Mine Workings. Please refer to the drill hole location map.: http://www.amadorgoldcorp.com/i/pdf/Amador-Silverclaim-Location-Plan-Map.pdf

Copper vein showing

Hole AGSC07-01 is located at the copper showing, approximately 700m west and 1300m north of the Cotley mine workings near the north-west corner of Silverclaim Lake. It was drilled beneath a surface trench copper vein showing. Anomalous copper values were intersected ranging from 0.14% Cu over 0.30m to 0.46% Cu over 2.18m. (See table of significant intersections)

Teck Lacana Ramp

Hole AGSC07-02 was drilled to reproduce an historical hole with significant silver values to the north of the 1049 foot ramp decline and exploratory workings that Teck Corporation and Lacana completed in 1983. The most significant intersection was 158g Ag/tonne over 1.35m drilled width. Holes AGSC07-22 & AGSC07-23 were drilled to the south of the ramp and intersected anomalous values in Ag, Cu, Co and weakly anomalous values in Pt and Pd.

Cotley Mine Workings

The area surrounding the Coltey Mine workings and approximately 100m to the east of the workings was the focus of most of the 2007 drilling. Holes AGSC07-03, 04, 05, and 15 to 18 were drilled to test the down-dip and strike extension of silver mineralization in the vicinity of historical underground workings and Holes AGSC07-06, 07, 08, 12, 13, 14, 19, 20, 21 were short holes designed to test to the north of an historical surface trench located approximately 100m west of the Cotley mine workings. Holes AGSC07-09, 10 and 11 tested beneath this trench. (2007 Area 4) Most holes intersected a strong structure with calcite veining and wall rock alteration. Silver occurs within veins and the adjacent wall rock.
   
Silverclaim 2007 Drilling Assay Summary
Hole ID  

 
  From

(m)
    To

(m)
    Length

(m)
    Au

(g/t)
    Ag

(g/t)
    Co

(%)
    Cu

(%)
  Ni

(%)
 
AGSC0701       24.00     26.20     2.20                       0.26      
      277.80     281.50     3.70     0.24                        
AGSC0702       82.50     83.90     1.40           158     0.06     0.02      
AGSC0703   *1   20.67     27.90     7.24           26                  
  incl   21.51     24.96     3.46           44                  
  incl   21.51     21.8     0.29           133                  
AGSC0705   *2   24.36     32.32     7.96           46                  
 

  incl  
  24.97     26.00     1.03           106                  
      28.30     30.86     2.56                       0.14      

   AGSC0706   
      23.88     29.00     5.12           143                  
  incl   24.92     25.99     1.07           656                  
  incl   25.34     25.38     0.04           6980                  
  incl   25.38     25.53     0.15           1524                  
AGSC0707       29.63     39.30     9.67           162                  
  incl   32.38     34.52     2.14           439                  
  incl   35.14     35.79     0.65           43           0.22      
  incl   33.63     34.00     0.37           1350     0.12            
  incl   38.32     38.76     0.44           909           0.12      
AGSC0708       51.15     53.00     1.85           29                  
AGSC0710       38.00     46.19     4.64           151                  
  incl   39.44     42.02     2.58           265                  
  incl   41.23     41.55     0.32           696                  
AGSC0712       24.07     39.50     15.43           88                  
  incl   26.00     28.32     2.32           557                  
  incl   26.00     26.86     0.86           969                  
   
Silverclaim 2007 Drilling Assay Summary (Continued )
Hole ID  

 
  From

(m)
    To

(m)
    Length

(m)
    Au

(g/t)
    Ag

(g/t)
    Co

(%)
    Cu

(%)
  Ni

(%)
 
AGSC0713       38.70     41.05     2.35           34                  
AGSC0714       38.00     41.79     3.79           40                  
  incl   39.71     40.07     0.36           321                  
AGSC0715   incl   9.30     9.61     0.31           17           1.10      
      20.89     28.10     7.21           198                  
  incl   25.35     26.77     1.42           779                  

   AGSC0717   
      25.38     31.52     6.14           95                  
 

  incl  
  26.75     27.44     0.69           770                  
AGSC0718       23.91     36.82     12.91           47                  
  incl   26.88     27.42     0.54           935     0.37            
      54.75     57.59     1.43           32                  
  incl   56.16     56.65     0.49           88                  
AGSC0719       21.40     26.56     5.16           58                  
  incl   25.60     26.04     0.44     2.84     505     1.12         0.24  
AGSC0720       19.05     26.75     7.70           221                  
  incl   22.50     22.88     0.38     0.22     1244     1.70         1.24  
  incl   24.73     25.58     0.85           1368                  
  incl   24.73     25.00     0.27     1.85     925     0.66         0.20  
AGSC0721       28.60     39.61     11.01           80                  
  incl   34.48     35.30     0.82           602                  
  incl   35.61     35.92     0.31           525     0.31     11.93      
AGSC0722       8.38     11.39     3.01           27                  
  *1 - includes 0.0g/t Au over 0.57m where hole intersected underground mine workings
*2 - includes 0.0g/t Au over 1.04m where hole intersected underground mine workings
 

About Amador Gold Corp

Amador holds a portfolio of mineral projects in mining-friendly Ontario, led by its flagship Loveland Gold Project near Timmins, where exploration and drilling programs currently underway are focused on gold and nickel-copper deposits. The Kell property has similar silver-cobalt-mineralization as the nearby historic Gowganda region, where approximately 60 million ounces of silver were mined in the early 1900s. Other Ontario projects with exploration potential include the Horwood, Maskooch, and Dale Gold, gold properties, and the Fripp nickel property.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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.

Copyright Business Wire 2010

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