AGX:Amador Gold I added just now.
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I bought 76,000 on a gamble through Latimer. Tied in to a JV with KTN. As per the video presentation with Jim McDonald he says that Conner Creek may have better numbers than Jumping Josephine. The drill will tell.
Connor Creek, British Columbia
On September 20, 2005, the Company acquired an option to earn a 50% undivided interest in the Connor Creek Property, British Columbia (Nelson Mining Division). Under the terms of the agreement Amador is to issue 400,000 common shares (200,000 shares issued at a deemed price of $0.09 per share on January 11, 2006) over four years and incur $1,000,000 in exploration expenditures over four years. If commercial production is reached, an additional 250,000 shares are payable. The agreement was accepted for filing by the Exchange on December 22, 2005.
The Connor Creek property contains a new shear hosted gold discovery in area with previously known gold occurrences. There are two styles of gold mineralization found on the property:
Gold bearing semi-massive to massive sulfide veins containing pyrrhotite, chalcopyrite, arsenopyrite, sphalerite, and galena. This type of mineralization is similar to the sulfide veins in the Rossland Camp, which produced nearly 3.0 million ounces of gold from 1897 to the 1950’s. Three previously known occurrences of this type of mineralization occur on the property.
New gold mineralized shear zone containing disseminated to semi massive sulfides. Grab samples from bedrock contained gold values ranging from background to 30,765 ppb gold, greater than 10,000 ppm copper, 10,000 ppm zinc and 1000 ppm silver. The new shear zone has been traced for over 300 meters of strike and previous untested gold anomalies in soils and old pits occurring along the strike of the shear suggest a significant minimum lateral extent of gold mineralization of 1000 meters . The shear is open in both directions and is about 50 meters wide. Sampling to date are grab samples.
A soil sampling survey was conducted late in the 2005 season over the new gold mineralized shear and one of the historic gold occurrences. A grid measuring 2.0 km by 650 meters was established with wing lines each 50 meters and samples collected on them at every 25 meters. In areas of greater overburden wing lines were spaced at 100 meters. Results of the survey are very positive showing good coincident gold, copper and zinc geochemical anomalies. The primary anomaly trends north south for at least 1.5 km by 500 meters. It trends off of the grid coverage in both directions. Gold values range to a high of 1554.1 ppb, copper to 603.8 ppm and zinc to 1472 ppm from background levels of less than 6 ppb gold, less than 30 ppm copper and less than 110 ppm zinc. A second coincident anomaly sits in the northwest part of the grid and spans discontinuously between 450 and 650 meters by 175 and 300 meters. This anomaly also trends north south and contains highs of 414.5 ppb gold, 326.4 ppm copper and 668 ppm zinc against the same background values. Internal to the overall trend are north northeast and northwest trends. The anomalies seem to reflect structural zones and possibly an intrusive contact.
Initial 2006 work plan includes a detailed airborne magnetometer and electromagnetic survey to be flown in late winter followed by detailed mapping and trenching. The mineralized shear represents an exciting new target for the area discovered in a logging road.
The property has the potential to host Rossland (TAG) high grade vein type deposits and for medium to high grade shear type deposits. Kootenay is the operator of the project and geologic mapping, gridding, soil geochemistry and preliminary trenching are planned over the shear hosted gold system.
All samples were assayed by Acme Analytical Labs in Vancouver, B.C. using an ICP package with geochem gold. The foregoing geological disclosure has been reviewed and verified by Kootenay’s CEO, James McDonald, P.Geo. (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects).
In July of 2007 the company announced a 2000 meter diamond drill program on the property. Exploration conducted over the past two years has identified several good drill targets as defined by geophysics, geologic mapping and rock and soil anomalies. The mineralization is poly metallic in nature with gold being the most important metal with an open ended 125 meter by 450 meter silver anomaly in soils being the exception.
amadorgoldcorp.com |
