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    <title>Amador Gold</title>
    <description>Amador Gold</description>
    <link>http://agoracom.com/ir/Amador</link>
    <language>en-US</language>
    <pubDate>29 Jun 2009 13:30:00 GMT</pubDate>
    <lastBuildDate>06 Jul 2009 13:17:50 GMT</lastBuildDate>
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      <title>[Broadcast] Richard Hughes discusses Loveland’s recently discovered widespread gold mineralization </title>
      <guid isPermaLink="false">broadcast_563216</guid>
      <pubDate>29 Jun 2009 15:25:44 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/Qll3hkLG64Q/broadcast_563216</link>
      <description>
        <![CDATA[Richard Hughes discusses Loveland’s recently discovered widespread gold mineralization ]]>
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      <title>[Broadcast] President and C.E.O</title>
      <guid isPermaLink="false">broadcast_563217</guid>
      <pubDate>29 Jun 2009 15:27:12 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/PCMHIA5s3x4/broadcast_563217</link>
      <description>
        <![CDATA[Richard Hughes discusses Loveland’s recently discovered widespread gold mineralization ]]>
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      <title>[Press Release] Horwood Gold Project Exploration Update - New Gold Vein Discoveries</title>
      <guid isPermaLink="false">message_1163960</guid>
      <pubDate>24 Jun 2009 13:33:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/fd32iiYq0lY/message_1163960</link>
      <description>
        <![CDATA[<h3>- NEW GOLD VEIN DISCOVERIES IN CLOSE PROXIMITY TO BEND ZONE</h3>
<div></div>
<p><strong>VANCOUVER, BRITISH COLUMBIA--(June 24, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company")</strong> is pleased to announce that recent exploration programs have identified the presence of gold mineralization within a variety of structurally controlled geological environments at the Horwood Property situated approximately 75 kilometers southwest of Timmins, Ontario.</p>
<p>Based on results to date, the Company believes the Horwood Property has significant potential to host economic gold mineralization within both altered carbonate-silica-pyrite-rich zones within porphyritic phases of the Horwood Peninsula Pluton (HPP) and quartz veins located close to the HPP in the footwall mafic volcanic flows. The property also hosts VMS-style (volcanogenic massive sulphide) mineralization discovered while testing an airborne VTEM anomaly during the 2008 drilling program.</p>
<p>More than 90% of the Horwood Property is covered by overburden, which hindered exploration efforts during the historic gold-mining boom in the Timmins region. More recent work programs include a 1995 drilling program by Haddington Resources Ltd., which intersected 11.66 grams/tonne gold over 1.45 meters while testing the updip projection of an earlier drill intersection of 1.44 grams/tonne gold over 1.0 meter.</p>
<p>- A Mise A La Masse survey indicates that the gold-sulphide zone intersected by Haddington's previous drilling program trends in a general easterly direction parallel to the local metavolcanic stratigraphy for at least 220 meters. The strike extensions of this zone are yet to be drill tested.</p>
<p>- Two grab samples taken from a trench near these drill holes returned values of 3.33 grams gold per tonne and 3.02 grams gold per tonne respectively. These occurrences suggest that gold mineralization occurs within a variety of environments that are structurally controlled.</p>
<p>Amador's initial exploration efforts at Horwood focused on the Bend and Gabbro Zones discovered in late 2006. More recent sampling programs have revealed the presence of new gold-vein discoveries in close proximity to the Bend Zone.</p>
<p>- Two grab samples spaced five meters apart returned assays of 6.12 grams gold per tonne and 4.92 grams gold per tonne, respectively. These samples were discovered approximately 50 meters east and 100 meters south of drill hole AGX-08-17 which returned an assay of 12.35 grams per tonne gold over 2.4 meters (reported in Feb 29, 2008 press release).</p>
<p>The recently discovered gold showings are described as occurring within a series of stacked en echelon quartz veins. Previous drilling in the area has confirmed the presence of a series of anomalous gold mineralization in mafic flows and mafic intrusives. Within these wide zones are stacked en echelon quartz carbonate veins where gold appears to be more concentrated, however gold mineralization occurs ubiquitously throughout the altered wallrock as well. Recent sampling to the south indicates that gold mineralization at Horwood may be more widespread than previously thought.</p>
<p>Amador plans to continue trenching and/or drill-testing the gold-bearing zones on strike and at depth in order to identify higher concentrations of gold in high-grade shoots or extensive low-grade zones amenable to open-pit mining. Along with the newly discovered gold showings, the Gabbro and Bend Zones remain important exploration targets as gold mineralization has not been tested at depth on either of these zones.</p>
<p>Ongoing exploration will be guided by a newly revised structural interpretation of the Horwood Peninsula, which proposes that a number of gold occurrences in the area may be linked to dilatent fracture systems within large-scale fold noses.</p>
<p>The Company is currently compiling information and will be releasing a summary map and diagram of the Horwood Gold Project on its website in the near future.</p>
<p>Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for the Company's Horwood Project. Project supervision is by Charles Hartley and the contents of this news release has been reviewed and approved by Peter Caldbick.</p>
<p>About Amador Gold</p>
<p>Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada, including the Loveland gold-copper-nickel project which recently completed its spring drill program.</p>
<p>For information on active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company's website at www.amadorgoldcorp.com.</p>
<p>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.</p>
<p>FOR FURTHER INFORMATION PLEASE CONTACT:</p>
<pre>Amador Gold Corp.<br />Corporate Inquiries:<br />Kevin Hull, Investor Relations<br />(604) 685-2222<br /><br />info@amadorgold.com<br />www.amadorgoldcorp.com<br /></pre>
<p>or</p>
<pre>AGORACOM Investor Relations:<br />AGX@agoracom.com<br /><a href="http://www.agoracom.com/ir/Amador" target="_blank"><a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a></a><br /><br /><br /><br /><br /></pre>
<p>The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.</p>]]>
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      <title>[Event] Cambridge House - World Resource Investment Conference</title>
      <guid isPermaLink="false">message_1151168</guid>
      <pubDate>03 Jun 2009 14:03:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/PW5ldGX1LjE/message_1151168</link>
      <description>
        <![CDATA[<p style="font-family: times new roman,times; text-align: center;"><span style="font-weight: bold; font-size: medium;">Cambridge House - World Resource Investment  Conference</span><br />Sunday June 7th and Monday June 8th <br />at the NEW  Vancouver Convention Centre<br /><span style="font-weight: bold; color: #000000;">Booth 327/329<br /></span></p>
<p style="font-family: arial,helvetica,sans-serif; text-align: center;"><span style="font-family: times new roman,times;"><a href="http://cts.vresp.com/c/?EvolvingGoldCorp./800d114d91/52390e272e/874c98d9df" title="http://cts.vresp.com/c/?EvolvingGoldCorp./800d114d91/52390e272e/874c98d9df" target="_blank">Click  here for more information and to register</a>. </span></p>]]>
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      <title>[Press Release] Commences Follow-Up Exploration Work on Horwood Massive Sulphide Intersection</title>
      <guid isPermaLink="false">message_1151142</guid>
      <pubDate>03 Jun 2009 13:00:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/9YveND9GdoE/message_1151142</link>
      <description>
        <![CDATA[<p>VANCOUVER, BRITISH COLUMBIA--(June 3, 2009) - Amador Gold Corp. (the 'Company') (TSX VENTURE:AGX) is pleased to announce it will be commencing follow-up exploration work on volcanogenic massive sulphide-style (VMS) mineralization on the Horwood property. The VMS mineralization was discovered in a 2008 drill program which also intersected 12.35 g/t Au over 2.4 meters. The Horwood property is located approximately 75 km southwest of Timmins, Ontario.</p>
<p>- Hole AGX-08-24 intersected 1.3 meters of massive sulphides grading 4.47% copper and 2.03% zinc from 74.7 to 76 meters.</p>
<p>- Hole AGX-08-29 returned 1.69% copper and 1.31% zinc over 0.3 meters, while Holes AGX-08-23 and AGX-08-25 to 28 returned anomalous copper and zinc values.</p>
<p>- Down-hole geophysical surveys indicate both in-hole and off-hole anomalies. Similar VTEM anomalies are known on the property but are yet to be tested.</p>
<p><img src="http://smallcapepicenter.com/images/AGX3June2009.JPG" height="605" width="500" /></p>
<p>Dr. George Hudak, an Associate Professor at the University of Wisconsin Oshkosh and established researcher on volcanogenic massive sulphide deposits, has re-logged diamond drill holes AGX-08-23 and AGX-08-24. The massive sulfide mineralization occurs at a compositional transition from mafic to felsic volcanism, and is typical of VMS-style mineralization. The hangingwall of the massive sulfide mineralization is composed of chert exhalites interbedded with laminated to thin-bedded felsic tuff horizons. The massive sulfide intersection comprises pyrite, pyrrhotite, sphalerite, and chalcopyrite.</p>
<p>"The discovery of VMS mineralization on Horwood combined with recent gold values significantly increases the potential of the project," comments Company president, Richard Hughes. "Although gold remains our primary focus on the Horwood property, follow-up work is also being done on the VMS zone to further assess its potential."</p>
<p>Recent prospecting and sampling on the property also resulted in the discovery of new gold showings about 2 km east of the Bend and Gabbro Zones discovered in late 2006.</p>
<p>- Grab samples from quartz veins within gabbros returned values of 17.30 g/t (grams per tonne) gold, 22.72 g/t gold and 19.68 g/t gold.</p>
<p>The style of mineralization is similar to deposits in the Timmins camp that have collectively produced more than 60 million ounces of gold during the past century.</p>
<p>More than 90% of the Horwood Property is covered by overburden. Amador plans to continue exploration on strike of the gold and massive sulphide zones to identify areas where the gold and base metals may be concentrated into high-grade shoots or wide low-grade gold zones amenable to open-pit mining methods. Ground and airborne VTEM surveys will be used to help guide future drilling to test stratigraphy and structural and geological traps where gold and base metals deposits may occur.</p>
<p>About Amador Gold</p>
<p>Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada.</p>
<p>For information on active projects and to see Smartstox interviews with Company President, Richard Hughes, please visit the Company's website at www.amadorgoldcorp.com.</p>
<p>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.</p>
<p>FOR FURTHER INFORMATION PLEASE CONTACT:</p>
<pre>Corporate Inquiries:<br />Amador Gold Corp.<br />Kevin Hull, Investor Relations<br />(604) 685-2222<br /><br />info@amadorgold.com<br />www.amadorgoldcorp.com<br /></pre>
<p>or</p>
<pre>AGORACOM Investor Relations:<br />AGX@agoracom.com<br /><a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a><br /><br /><br /><br /><br /></pre>
<p>The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.</p>]]>
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      <title>[Industry Bulletin] Gold jumps above $970/oz as dollar weakens</title>
      <guid isPermaLink="false">message_1147918</guid>
      <pubDate>29 May 2009 16:34:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/gA438nmIKFM/message_1147918</link>
      <description>
        <![CDATA[<p>Dear shareholder,</p>
<p>In an effort to keep you up to date on all pertinent information regarding the resource sector, please see the attached article titled; &ldquo;<a href="http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/gold-jumps-above-970oz-as-dollar-weakens/article1159167/" target="_blank">Gold jumps above $970/oz as dollar weakens.</a>&rdquo;</p>
<p>Regards,</p>
<p>AGORACOM Investor Relations</p>
<p><a href="http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/gold-jumps-above-970oz-as-dollar-weakens/article1159167/" target="_blank">Click here to view article in its entirety. </a></p>
<h3>Gold jumps above $970/oz as dollar weakens</h3>
<p>Precious metal climbs to firmest level since late February</p>
<p>Jan Harvey</p>
<p><span>LONDON &mdash; </span>Reuters, <span>Friday, May. 29, 2009 06:42AM EDT</span></p>
<p><span>G</span><span>old </span>on Friday rallied through $970 (U.S.) an ounce for the first time since February in Europe as traders bought the metal as a hedge against weakness in the U.S. dollar.</p>
<p>Rising oil prices, reports of a pick-up in Middle Eastern demand, and firm buying in India, the world's biggest gold consumer, during the wedding season are also supporting prices, analysts said.</p>
<p>Spot gold was bid at $972.60 an ounce at 0923 GMT, against $958.80 an ounce late in New York on Thursday.</p>]]>
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      <title>[Press Release] Amador Gold extends $300,000 placement</title>
      <guid isPermaLink="false">message_1146646</guid>
      <pubDate>27 May 2009 18:52:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/2IEmSpuQ3lQ/message_1146646</link>
      <description>
        <![CDATA[<p>Mr. Kevin Hull reports</p>
<p>PRIVATE PLACEMENT EXTENSION</p>
<p>Amador Gold Corp. is continuing with a private placement previously announced in Stockwatch on March 2, 2009, and amended April 16, 2009, for up to five million units. The financing consists of units priced at six cents. Each of the units consists of one flow-through common share and one non-flow-through, non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of two years at a price of six cents per share in the first year and 10 cents per share in the second year.</p>
<p>In accordance with exchange policies, finders' fees may be paid on the funds raised. The private placement is subject to regulatory approval.</p>
<p>The proceeds of the private placement will be used for exploration on the company's Ontario properties.</p>]]>
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      <title>[Press Release] Amador Gold Corp. Intersects Widespread Gold Mineralization on Loveland Project</title>
      <guid isPermaLink="false">message_1144903</guid>
      <pubDate>26 May 2009 12:12:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/3hhX_r3quMM/message_1144903</link>
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        <![CDATA[<h2>- ANOMOLOUS MINERALIZATION INTERSECTED IN NINE DRILL HOLES <br /> <br />- ANOMALOUS GOLD VALUES CONFIRMED IN DRILLING AND SURFACE SAMPLING OVER A DISTANCE OF 500 METERS</h2>
<p>VANCOUVER, BRITISH COLUMBIA--(May 26, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the 'Company') is pleased to report the results of a recent drill program which tested various VTEM conductors as well as a gold zone discovered in 2008. The 2008 drill program intersected significant gold values below the historic Cominco Zone, which contains a non-compliant NI 43-101 resource of 130,000 tons grading 0.68% Ni and 0.73% Cu. The Cominco Zone is located approximately 1.5 km northwest of the Hollinger Zone which contains a non-compliant 43-101 resource of 422,000 tons grading 0.71% Ni and 0.42% Cu.(i)<br /> <br />The copper-nickel results from drilling a number of VTEM conductors were announced in a press release dated May 21, 2009.<br /> <br />Four previous drill holes were extended into the projected gold zone horizon as well as five holes drilled during the spring 2009 program. All holes intersected anomalous gold values ranging from 0.1 g/t to 3.87 g/t over various widths from less than a meter to several meters of core length. Results include 3.81 g/t gold over 0.2m in hole LL09-13W, 3.87 g/t gold over 0.4 m in drill hole LL09-04 and 400 m southeast 3.74 g/t gold over 0.5m in drill hole LL08-23<br /> <br />The established continuity of the gold mineralization as well as the high-grade results in 2008 drill hole LL08-13 and prospecting successes confirm the presence of a larger gold system with the potential for higher-grade zones. The anomalous values cover a large area with gold mineralization south of the Cominco zone to showings about 400 m southeast all within the granodiorite. This gold mineralization occurs over an area of approximately 500 meters in length in silicified zones adjacent to narrow fractures and quartz veining with arsenopyrite and pyrite.<br /> <br />2008 Loveland drilling gold values from LL08-13 include:<br /> <br />- 6.37 g/t Au over 8.55 m<br /> <br />- 6.17 g/t Au over 3.0 m<br /> <br />- 10.39 g/t Au over 3.1 m<br /> <br />2008 prospecting Samples taken 400m southeast of Cominco Zone:<br /> <br />- 8.98 g/t Au <br /> <br />- 11.48 g/t Au<br /> <br />2008 Copper-nickel drill highlights:<br /> <br />- 0.70% Ni/0.75% Cu over 45 m <br /> <br />- 0.40% Ni/0.55% Cu over 35.5 m<br /> <br />- 0.53% Ni/0.88% Cu over 22.80 m<br /> <br />"These latest results early in our exploration program combined with the recent drilling success of nickel-copper targets only add to the overall potential of the Loveland Project." states Company president and CEO, Richard Hughes. "We are extremely encouraged by the continuity of the system and are currently analyzing past drill results to further develop our understanding of the gold zone."<br /> <br />On May 21, 2009 the Company announced results on its drilling of VTEM conductor clusters similar to those found above the Cominco Zone and Hollinger Zones.(i) Conductor B had an intercept of 1.02% combined Ni/Cu over 5.4 meters and Conductor C returned anomalous nickel and copper values. Both clusters require follow-up drilling and remain open downdip and on strike. There are 33 VTEM targets within a 7 km range of the Cominco Zone of which 3 have been tested to date.<br /> <br />Further analysis is currently underway to study the areas with potential gold mineralization and examine the numerous VTEM anomalies for new drilling targets.<br /> <br />For a map of the companies VTEM targets click on the following link:<br /> <br /><a href="http://www.amadorgoldcorp.com/i/pdf/Lovelandcompositemapv2.pdf" target="_blank">http://www.amadorgoldcorp.com/i/pdf/... </a><br /> <br />A map showing recent drilling is currently being updated and will be released shortly.<br /> <br />(i) A qualified person has not done sufficient work to classify these historical estimates as current mineral resources. The Company is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon.<br /> <br />Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for the Company's Loveland Project. Project supervision is by Charles Hartley and the contents of this news release has been reviewed and approved by Peter Caldbick.<br /> <br />About Amador Gold<br /> <br />Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada. <br /> <br />For information on active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company's website at <a href="http://www.amadorgoldcorp.com/" target="_blank">www.amadorgoldcorp.com</a>.<br /> <br />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.</p>
<p>The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.</p>
<div>
<p><strong>For more information, please contact</strong></p>
Amador Gold Corp.<br />Kevin Hull<br />Investor Relations<br />(604) 685-2222<br /><a href="mailto:info@amadorgold.com" target="_blank">info@amadorgold.com</a><br /><a href="http://www.amadorgoldcorp.com/" target="_blank">www.amadorgoldcorp.com</a><br /><br />or<br /><br />AGORACOM Investor Relations:<br /><a href="mailto:AGX@agoracom.com" target="_blank">AGX@agoracom.com</a><br /><a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a></div>]]>
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      <title>[Press Release] Drilling Discovers new Near-Surface Nickel-Copper Zone 400 Meters From Cominco</title>
      <guid isPermaLink="false">message_1142035</guid>
      <pubDate>21 May 2009 11:14:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/xXFaEJ_9Rpo/message_1142035</link>
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        <![CDATA[<h3><strong>MINERALIZATION OCCURS APPROXIMATELY 30 METERS VERTICALLY BELOW SURFACE  - DRILL TESTING TO BE DONE ON STRIKE AND DOWNDIP OF NEW INTERCEPT  - 3 OF 33 VTEM TARGETS TESTED IN RECENT DRILL PROGRAM  - MINERALIZATION SIMILAR TO COMINCO ZONE</strong></h3>
<div>
<p>11:14 EDT Thursday, May 21, 2009</p>
</div>
<p>VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 21, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the 'Company') is pleased to announce a new Ni-Cu discovery on its wholly owned Loveland property approximately 35 kilometers northwest of Timmins, Ontario. Drill hole LL09-07 intersected 1.02% combined Ni-Cu over 5.4 meters drilled width from 36.90 to 42.30 meters. This includes a section which assayed 2.12% combined Ni-Cu over 1.5 meters from 36.90 to 38.40 meters drilled width.</p>
<p>Only 3 of the current 33 VTEM conductors have been tested in this drill program; A, B and C on the attached map.</p>
<p>Link to map: <a href="http://www.amadorgoldcorp.com/i/pdf/2009-05-21_NRM.pdf" target="_blank">http://www.amadorgoldcorp.com/i/pdf/... </a></p>
<p>The discovery drill hole, which tested the weakest of four VTEM anomalies in cluster B, was collared on a north-south trending array of VTEM conductors, and represents a new nickel-copper discovery in the Loveland Township. The remaining 3 anomalies are on strike and yet to be tested. No drill testing has been done on strike or downdip of this new intercept.</p>
<p>The intercept occurred approximately 30 meters vertically below surface and approximately 400 meters north of the Cominco Zone and 2 km north of the Hollinger Zone.(i) Mineralization is similar to the Cominco Zone consisting of interstitial chalcopyrite-pyhrrhotite-pentlandite hosted within gabbros.</p>
<p>"This new discovery affirms our strategy of drill testing VTEM conductors similar to those above the historic Cominco and Hollinger Zones. We are excited by these latest results as they confirm the potential for additional new nickel-copper zones on the property. We are currently in the planning stage of a follow-up drilling program to further test this new zone as well as other VTEM conductor targets." comments Company president, Richard Hughes.</p>
<p>Exploration activity and drilling to date has focused on 3 objectives; expanding the historic Cominco Zone, testing the gold zone discovered beneath the Cominco Zone for continuity at depth and along strike, and exploring newly defined airborne VTEM targets for nickel-copper and gold potential. More results are currently being reviewed and are forthcoming.</p>
<p>Past copper-nickel results from Cominco Zone drilling include:</p>
<pre>- 0.70% Ni/0.75% Cu over 45 m<br />- 0.40% Ni/0.55% Cu over 35.5 m<br />- 0.53% Ni/0.88% Cu over 22.80 m<br /><br />Previous gold results include:<br />- 6.37 g/t Au over 8.55 m<br />- 6.17 g/t Au over 3.0 m<br />- 10.39 g/t Au over 3.1 m<br /><br /></pre>
<p>Drill hole LL09-06 tested Conductor C also encountered anomalous nickel copper mineralization close to surface. Drill hole LL09-05 tested Conductor A but returned no significant values. Similar clusters of VTEM conductors also occur on the Cominco and Hollinger showings. The Company plans to continue drill testing on Conductors B and C as well as the remaining clusters of VTEM conductors.</p>
<p>(i)The Cominco Zone contains a historic non-compliant NI 43-101 resource of 130,000 tons grading 0.68% Ni and 0.73% Cu and the Hollinger Zone contains a historic non-compliant NI 43-101 resource of 422,000 tons grading 0.71% Ni and 0.42% Cu. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources. The Company is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon.</p>
<p>Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for the Company's Loveland Project. Project supervision is by Charles Hartley and the contents of this news release has been reviewed and approved by Peter Caldbick.</p>
<p>Link to Loveland Map - <a href="http://www.amadorgoldcorp.com/i/pdf/2009-05-21_NRM.pdf" target="_blank">http://www.amadorgoldcorp.com/i/pdf/... </a></p>
<p>About Amador Gold</p>
<p>Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada.</p>
<p>For information on active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company's website at www.amadorgoldcorp.com.</p>
<p>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.</p>
<p>FOR FURTHER INFORMATION PLEASE CONTACT:</p>
<pre>Corporate Inquiries:<br />Kevin Hull<br />Investor Relations<br />(604) 685-2222<br /><br />info@amadorgold.com<br />www.amadorgoldcorp.com<br /></pre>
<p>or</p>
<pre>AGORACOM Investor Relations:<br />AGX@agoracom.com<br /><a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a><br /><br /><br /><br /><br /></pre>
<p>The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.</p>]]>
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      <title>[Press Release] Amador Gold Corp. Samples 17.3, 19.68 and 22.72 g/t Gold on Horwood Property</title>
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      <pubDate>20 May 2009 15:04:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/YNZBzW7V58U/message_1141440</link>
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        <![CDATA[<p><strong>VANCOUVER, BRITISH COLUMBIA--(May 20, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company")</strong> is pleased to announce that a spring prospecting and sampling program has located additional gold showings on the Horwood Gold Property situated 75 km southeast of Timmins, Ontario.</p>
<p>The new gold showings were found about 2 km northwest of the previously discovered Bend and Gabbro Zones during the recent prospecting and sampling program. Grab samples from quartz veins within gabbros returned values of 17.30 g/t (grams per tonne) gold, 22.72 g/t gold and 19.68 g/t gold. The style of mineralization is similar to known deposits in the Timmins gold camp, which have collectively produced more than 60 million ounces of gold during the past century.</p>
<p>Management is encouraged by these discoveries additional to the Bend and Gabbro Zones found in late 2006. The highlight of previous testing of these zones was a 2008 drill-hole from the Bend Zone that returned 12.35 g/t gold over 2.4 meters. A 2007 trenching and sampling program returned 28.1 g/t gold over 0.5 meter from this target. Previous trenching results from the Gabbro Zone were: 13.03 g/t gold over 0.5 meters; 5.69 g/t gold over 4.0 meters; and 7.8 g/t gold over 1.5 meters. The 2007 trenching program focused on these zones revealed that gold occurs as high-grade and low-grade disseminated mineralization over large areas.</p>
<p>"These new results are extremely encouraging as they confirm the potential for widespread gold mineralization within the Horwood Peninsula," quotes John Keating, V.P. of Exploration for Amador Gold Corp.</p>
<p>More than 90% of the property is covered by overburden. The Company plans to continue exploration on strike of the gold and massive sulphide zones to identify areas where the gold may be concentrated into high-grade shoots or wide low-grade zones amenable to open pit mining (as occurs in the Timmins Camp).</p>
<p>VTEM airborne geophysics combined with surficial prospecting suggests that structures influencing gold mineralization may be traced for more than 6 km along strike on the Horwood Property. The considerable width of the anomalous gold zones combined with their strike potential makes the Horwood Project a favourable new gold exploration play close to the world-class Timmins Mining Camp.</p>
<p>The VTEM anomalies and excellent geology combined with ground geophysical surveys also indicate areas favourable for massive sulphide deposits. Ground and airborne VTEM surveys will be used to help guide drilling to test stratigraphy and structural and geological traps where gold and base metals deposits may occur.</p>
<p>To view a map of the Horwood Gold Project click on the following link:</p>
<p><a href="http://www.amadorgoldcorp.com/i/pdf/Horwood_Compilationgeolshowings.pdf" target="_blank">http://www.amadorgoldcorp.com/i/pdf/... </a></p>
<p>Charles Hartley, P.Geo. and Peter Caldbick, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for the Company's Horwood Project. Project supervision is by Charles Hartley and the contents of this news release has been reviewed and approved by Peter Caldbick.</p>
<p>About Amador Gold</p>
<p>Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada, including the Loveland gold-copper-nickel project which recently completed its spring drill program.</p>
<p>For information on active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company's website at www.amadorgoldcorp.com.</p>
<p>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.</p>
<p>FOR FURTHER INFORMATION PLEASE CONTACT:</p>
<pre>Amador Gold Corp.<br />Kevin Hull<br />Investor Relations<br />(604) 685-2222<br />(604) 685-3764 (FAX)<br />info@amadorgold.com<br />www.amadorgoldcorp.com<br /></pre>
<p>or</p>
<pre>AGORACOM Investor Relations:<br />AGX@agoracom.com<br /><br /><br /><br /><br /><a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a><br /></pre>
<p>The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.</p>]]>
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      <title>[Press Release] Amador Identifies Significant Precious Metal and VMS Potential on Maskooch Lake</title>
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      <pubDate>19 May 2009 11:13:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/eH7aNWYHPNI/message_1140251</link>
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        <![CDATA[<p><strong>VANCOUVER, BRITISH COLUMBIA--(May 19, 2009) - Amador Gold Corp. (TSX VENTURE:AGX) (the "Company")</strong> is pleased to provide an update on its wholly owned Maskooch Lake Property situated in the Confederation Greenstone Belt, 95 km east of Red Lake, Ontario.</p>
<p>The Maskooch Lake Property comprises a geological environment prospective for hosting volcanogenic massive sulphide (VMS) and precious metal mineralization. The project is accessible by well-maintained logging roads and lies 12 km southeast of the past-producing South Bay Mine, a copper-zinc-silver massive sulphide deposit that produced 1.6 million tons of ore averaging 1.8% copper, 11.06% zinc and 2.12 oz. silver per ton.</p>
<p>In October of 2008, field work and sampling was conducted at the 4,242-hectare property by Dr. George Hudak, Associate Professor of Geology, University of Wisconsin Oshkosh and an established researcher of Pre-Cambrian VMS deposits. Results from this work have recently been received.</p>
<p>Dr. Hudak evaluated the Maskooch Gold Showing, a 9-to-10-meter wide shear zone associated with chlorite and ankerite that historically produced assays up to 16 g/t (grams per tonne) gold. Preliminary mapping suggests that the shear zone can be followed for several kilometres across the property. The main targets for follow-up exploration are areas where the shear zone intersects with iron formations on the property as iron formations may provide chemical traps for gold mineralization.</p>
<p>Preliminary rock chemistry studies by Dr. Hudak have revealed chemical trends consistent with alkali depletion and/or silicification consistent with alteration associated with ancient hydrothermal systems related to VMS (copper-zinc-lead) mineralization. The felsic volcanic rocks present on the Maskooch Property are similar to those associated with gold-rich VMS mineralization in the Abitibi Greenstone Belt of north-eastern Ontario and north-western Quebec, as well as those hosting the Scuddles VMS deposit (10.5 million tonnes) in Australia.</p>
<p>The field work conducted in 2008 has enhanced the Company's understanding of the gold and base metal potential. The information collected from this work along with proposed follow-up mapping and sampling will be used to select the best VTEM anomalies and other targets for trenching and drill-testing during 2009. (VTEM surveys are capable of detecting anomalies under thicker overburden and at greater depths than conventional geophysical surveys.)</p>
<p>Andrew Tims, P.Geo., is the qualified person for the purposes of National Instrument 43-101 for the Company's Maskooch Lake Project. The contents of this news release has been reviewed and approved by Andrew Tims.</p>
<p>About Amador Gold</p>
<p>Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada, including the Loveland gold-copper-nickel project which recently completed its spring drill program.</p>
<p>For information on active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company's website at www.amadorgoldcorp.com.</p>
<p>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.</p>
<p>FOR FURTHER INFORMATION PLEASE CONTACT:</p>
<pre>Corporate Inquiries:<br />Kevin Hull<br />Investor Relations<br />(604) 685-2222<br /><br />info@amadorgold.com<br />www.amadorgoldcorp.com<br /></pre>
<p>or</p>
<pre>AGORACOM Investor Relations:<br />AGX@agoracom.com<br /><a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a><br /><br /><br /><br /><br /></pre>
<p>The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.</p>]]>
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      <title>[Press Release] Amador Gold Corp. Completes Spring 2009 Loveland Drilling</title>
      <guid isPermaLink="false">message_1138595</guid>
      <pubDate>15 May 2009 14:44:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/GEG8abfCBZU/message_1138595</link>
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        <![CDATA[<p>Amador Gold Corp. Completes Spring 2009 Loveland Drilling</p>
<p>Vancouver, British Columbia CANADA, May 15, 2009 /FSC/ - Amador Gold Corp. (AGX - TSX Venture, ADRGF - OTCBB_Pink_Sheets), (the 'Company') is pleased to announce it has completed the Spring 2009 drilling program on its wholly owned Loveland Project located 35 km northwest of Timmins, Ontario, and adjacent to Xstrata's Montcalm Mine.</p>
<p>The Spring 2009 drill program tested several airborne VTEM targets as well as followed up on the new 2008 gold discovery below the existing Cominco Zone. The data collected from this drill program will be used to advance 33 additional drill targets identified to date.</p>
<p>Management is encouraged by the success of using VTEM data in conjunction with information collected through ground geophysics to pinpoint drill targets and potential new zones. The Cominco and Hollinger zones have been identified on the VTEM survey and support the interpretation of other anomalies. Recent drilling tested 3 of the 33 current targets, for which final results are pending.</p>
<p>In 2008 the Company reported significant nickel-copper intersections discovered below the existing Cominco Zone including:</p>
<p>* 0.70% Ni/0.75% Cu over 45.0 m*<br /> * 0.40% Ni/0.55% Cu over 35.5 m*<br /> * 0.53% Ni/0.88% Cu over 22.8 m*</p>
<p>In addition, several gold intersections were discovered below the nickel-copper zone including:</p>
<p>* 6.37 g/t Au over 8.5 m*<br /> * 6.17 g/t Au over 3.0 m*<br /> * 10.39 g/t Au over 3.1 m*</p>
<p>*All of the above intersections represent drilled widths</p>
<p>The Cominco Zone contains a historic non-compliant NI 43-101 resource of 130,000 tons grading 0.68% Ni and 0.73% Cu. Approximately 1.5 km southeast of the Cominco Zone is the Hollinger Zone, which contains a historic non-compliant NI 43-101 resource of 422,000 tons grading 0.71% Ni and 0.42% Cu. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources. The Company is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon.</p>
<p>Charles Hartley, P.Geo and Peter Caldbick, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for Amador's Loveland Project. Project supervision is by Charles Hartley and the contents of this news release has been reviewed and approved by Peter Caldbick.</p>
<p>To view a map of the Company's Loveland project please click on the link below:<br /> <a href="http://www.amadorgoldcorp.com/i/pdf/Lovelandcompositemapv2.pdf" target="_blank">http://www.amadorgoldcorp.com/i/pdf/... </a></p>
<p>About Amador Gold</p>
<p>Amador has assembled a portfolio of more than 20 quality properties of merit in established mining camps and emerging mineral districts of Canada. For further information and maps of the Loveland Property and other active projects please visit the Company's website at www.amadorgoldcorp.com.</p>
<p>Contact Information<br /> Corporate Inquiries: 	<br /> Kevin Hull, Investor Relations <br /> Phone: 	(604) 685-2222 <br /> Email:	<a href="mailto:info@amadorgold.com" target="_blank">info@amadorgold.com</a> <br /> Website: www.amadorgoldcorp.com</p>
<p>AGORACOM Investor Relations:	Email: <a href="mailto:AGX@agoracom.com" target="_blank">AGX@agoracom.com</a> <br /> Website: <a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a></p>
<p>Or visit www.smarstox.com/interview/agx to see interviews with company President, Richard Hughes.</p>
<p>Amador Gold Corp. (AGX - TSX-V) (ADRGF - Pink Sheets)<br /> Maximum News Dissemination by Filing Services Canada Inc. *<br /> www.usetdas.com</p>]]>
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      <title>[Press Release] Amador Gold Corp. Exploration Update: Jessop Gold Property</title>
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      <pubDate>14 May 2009 18:00:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/1q4xPTh9DjA/message_1138148</link>
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        <![CDATA[<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">VANCOUVER, BC &ndash; <strong>Amador Gold Corp. </strong>(TSX-V: AGX) (the &lsquo;Company&rsquo;) is pleased to provide an update on its Jessop Gold Project, situated 5 km northwest of downtown Timmins, Ontario<span> </span>The property is located in the Jessop, Murphy and Mountjoy townships, and is accessible year round by road.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Acquisition of the Jessop property was based on the known geology of the Timmins camp, the location and proximity of past and current producing gold mines, as well as the lack of previous exploration.<span> </span>The property was acquired to test the hypotheses that geological features associated with gold mineralization in the Timmins camp could conceivably be present on the Jessop property, which lacks any outcrop.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">The primary target on the property is a quartz feldspar porphyry rock unit.<span> </span>This type of unit is known to act as an &ldquo;engine&rdquo; to circulate gold-bearing fluids. </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Previous geologists have discussed the possibility of a second splay off of the Destor-Porcupine Fault Zone (&lsquo;DPFZ&rsquo;) in the Timmins area, known as the North Mines Trend. <span> </span>This interpreted splay is north of the DPFZ and splits off the DPFZ just east of the Hoyle Pond and Pamour mines. <span> </span>The northern splay may be interpreted to extend westward through the Jessop property, where it would intersect the Montreal River Fault. </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Reinforcing the conceptual model is the presence of gold in tills along the southern boundary of the Jessop property. <span> </span>Tills are a type of overburden deposited by glaciers. <span> </span>The till is a mixture of clay, silt, sand, gravel, boulders and other material collected by glaciers as they advanced over the ground. <span> </span>The composition of the till reflects the type of ground the glacier has passed over. <span> </span>Multiple tills are common, documenting changes in glacier movement, and can include material incorporated from earlier till.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">In 1986, Pamour Gold Mines systematically sampled the till along the southern boundary of the present-day Jessop property and found gold values as high <strong>as 58 grams per tonne</strong>.<span> </span>The direction of the relevant ice movement has been postulated as northwest to southeast inferring that the gold could have come from rocks on the Jessop property.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p><span style="font-size: 11pt; font-family: Verdana;"><br /> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">A state of the art VTEM airborne survey was carried out over the property in two orthogonal directions. This survey was carried out based upon the theory that a structural corridor running northwest/southeast intersects the North Mines Trend in Jessop Township. <span> </span>In addition to the VTEM survey, a historical compilation of the area has been conducted which has resulted in the selection of target areas to focus upon.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">&ldquo;We are now reviewing recent VTEM data along with historical work to assess the property&rsquo;s mineral potential as well as the possible extension and intersection of the North Mines Trend.<span> </span>Summer exploration plans include ground geophysics to define future drill targets,&rdquo; comments John Keating, V.P. of Exploration for Amador Gold Corp.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Peter Caldbick, P.Geo. is the qualified person for the purposes of National Instrument 43-101 for the Company&rsquo;s Jessop Project. <span> </span>The contents of this news release has been reviewed and approved by Peter Caldbick.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Please click on the following link to view a map of the Company&rsquo;s Jessop Property:</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p><span style="font-size: 11pt; font-family: Verdana;"><a href="http://www.amadorgoldcorp.com/i/pdf/JessopMap.pdf" target="_blank">http://www.amadorgoldcorp.com/i/pdf/... </a></span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><strong><span style="font-size: 11pt; font-family: Verdana;">About Amador Gold</span></strong></p>
<p style="text-align: justify;"><strong><span style="text-decoration: underline;"><span style="font-size: 11pt; font-family: Verdana;"><span style="text-decoration: none;"> </span></span></span></strong></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Amador has assembled a portfolio of more than 20 properties of exceptional merit in established mining camps and emerging mineral districts of Canada. <span> </span></span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">For information on other active projects and to see Smartstox interviews with Company president, Richard Hughes, please visit the Company&rsquo;s website at <a href="http://www.amadorgoldcorp.com/" target="_blank">www.amadorgoldcorp.com</a>.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;"> </span></p>
<p style="text-align: justify;"><strong><span style="font-size: 11pt; font-family: Verdana;">Contact Information</span></strong></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Corporate Inquiries: <span> </span>Kevin Hull, Investor Relations </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Phone: <span> </span>(604) 685-2222 </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Email:<span> </span></span><span style="font-size: 11pt; font-family: Verdana;"><a href="mailto:info@amadorgold.com" target="_blank"><span>info@amadorgold.com</span></a></span><span style="font-size: 11pt; font-family: Verdana;"></span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">Website:<span> </span></span><span style="font-size: 11pt; font-family: Verdana;"><a href="http://www.amadorgoldcorp.com/" target="_blank"><span>www.amadorgoldcorp.com</span></a></span><span style="font-size: 11pt; font-family: Verdana;"> </span><span style="font-size: 11pt; font-family: Verdana;"></span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Verdana;">AGORACOM Investor Relations:<span> </span></span></p>
<p><span style="font-size: 11pt; font-family: Verdana;">Email:<span> </span></span><span style="font-size: 11pt; font-family: Verdana;"><a href="mailto:AGX@agoracom.com" target="_blank"><span>AGX@agoracom.com</span></a></span><span style="font-size: 11pt; font-family: Verdana;"><br /> Website: <span> </span></span><span style="font-size: 11pt; font-family: Verdana;"><a href="http://www.agoracom.com/ir/Amador" target="_blank"><span>http://www.agoracom.com/ir/Amador</span></a></span></p>
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      <title>[Industry Bulletin] China Increases Gold Reserves 76% to Fifth-Largest</title>
      <guid isPermaLink="false">message_1123177</guid>
      <pubDate>24 Apr 2009 15:48:00 GMT</pubDate>
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<p>April 24 (Bloomberg) -- China boosted its gold reserves by 76 percent since 2003 and has the world&rsquo;s fifth-biggest holding by country, said Hu Xiaolian, head of the State Administration of Foreign Exchange.</p>
<p>The nation increased its reserves by 454 tons to 1,054 tons through domestic purchases and refining scrap metal, Hu said in an interview with the Xinhua News Agency today. The amount is more than Switzerland&rsquo;s 1,040 tons, World Gold Council data show, and is worth $31 billion at current prices.</p>
<p>China has the world&rsquo;s largest foreign exchange reserves at $1.95 trillion as of March 31, according to state administration data. The holdings have climbed about sixfold in the past six years as the country had record trade surpluses and inflows of foreign investment. Gold prices have almost tripled to more than $900 an ounce from $337.</p>
<p>&ldquo;Chinese foreign-exchange reserves have absolutely exploded in the past few years,&rdquo; said Jan Lambregts, head of Asia research at Rabobank International in Hong Kong. &ldquo;We shouldn&rsquo;t be surprised that they&rsquo;re adding a lot of all asset classes. I don&rsquo;t think they&rsquo;re shifting away from U.S. dollars into gold.&rdquo;</p>
<p>Gold climbed to a record $1,032.70 an ounce on March 17 last year and traded 0.9 percent higher today at $912.08 an ounce at 3:18 p.m. local time in Singapore.</p>
<p>Debt Holdings</p>
<p>Chinese Premier Wen Jiabao has expressed concern the dollar will weaken, eroding the value of China&rsquo;s holdings of Treasuries, as the U.S. borrows unprecedented amounts to spend its way out of recession. China is the biggest overseas owner of U.S. government debt, holding notes totaling $744 billion at the end of February, according to U.S. data.</p>
<p>Jesse Wang, executive vice president of China Investment Corp., has said the nation&rsquo;s $200 billion sovereign wealth fund may invest in &ldquo;undervalued&rdquo; commodities. Zhang Guobao, head of the National Energy Administration, said China should invest more in commodities instead of hoarding the dollar, Xinhua reported on March 7.</p>
<p>China, the world&rsquo;s biggest gold producer, has increased its holdings before, Hu said in the interview carried on the administration Web Site. They rose from 394 tons to 500 tons in 2001 and to 600 tons in 2003, it said. China has told the International Monetary Fund of the recent changes and the new amount will be reflected in the central bank&rsquo;s balance sheet and statistical reports, it said.</p>
<p>&lsquo;Support Prices&rsquo;</p>
<p>&ldquo;This shows a change in attitude in Asian central banks,&rdquo; said Si Kannan, associate vice president at Mumbai-based Kotak Commodity Services Ltd. &ldquo;While the IMF is selling gold, Asian central banks are diversifying into gold. That&rsquo;s a good thing, in times of dollar uncertainty and the global volatility in the forex market,&rdquo; he said by phone from Mumbai today.</p>
<p>China&rsquo;s gradual increase in gold reserves and increasing jewelry demand from China and India &ldquo;will support gold prices,&rdquo; Kannan said.</p>
<p>The IMF said April 3 there had been no talks about selling more gold than the 403.3 tons proposed a year ago. Leaders from the Group of 20 said the day before that revenue from previously proposed gold sales would be used to help the world&rsquo;s poorest countries. The IMF board approved a proposal in April 2008 to sell 403.3 tons of bullion as part of a plan to close the Washington-based lender&rsquo;s annual deficit.</p>
<p>&ldquo;My opinion has always been that China should increase its gold holdings,&rdquo; Hou Huimin, vice chairman of the China Gold Association, said by phone from Beijing today. &ldquo;China should strive to play a more proactive role in the global financial market by adding more gold.&rdquo;</p>
<p>The U.S. has the world&rsquo;s biggest gold holdings at 8,134 tons, followed by Germany with 3,413 tons, World Gold Council data show. France has 2,487 tons and Italy 2,452 tons, while the IMF has 3,217 tons, according to the council.</p>
<p>To contact the reporter on this story: Eugene Tang in Beijing on  eugenetang@bloomberg.net</p>
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      <title>[Press Release] Cummings Property Acquisition &amp; Private Placement Extension</title>
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      <pubDate>16 Apr 2009 19:00:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/JajSV59S-Ls/message_1117376</link>
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        <![CDATA[<p style="text-align: justify;"><strong style=""><span style="font-size: 11pt; font-family: Arial;">Amador Gold Corp. (TSX-V:AGX)</span></strong><span style="font-size: 11pt; font-family: Arial;"> is pleased to announce the acquisition of the Cummings property, consisting of six patented leases located in Jamieson Township, Porcupine Mining Division, Ontario.<span style="">  </span>The Cummings property is located 20 km northwest of Timmins, Ontario, in the heart of the Kamiskotia volcanogenic massive sulphide (zinc, copper and silver) camp.<span style="">  </span>The property has been held for 21 years by one party and has received limited work during this period.<span style="">  </span>Amador plans to fly a state-of-the-art VTEM airborne survey over the property to identify potential massive sulphides at depths in the earth below the level that historical surveys could penetrate.<span style="">  </span>Consideration for the property consists of $60,000.<span style="">  </span>There is also a 2% NSR, half of which may be purchased for $500,000 and the balance for an additional $500,000.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">The Company also wishes to announce its continuation with a private placement previously announced on March 2, 2009 for up to 5,000,000 units.<span style="">  </span>The financing consists of units priced at $0.06.<span style="">  </span>Each of the units consists of one flow through common share and one non-flow through, non-transferable share purchase warrant entitling the holder to purchase one additional common share for a period of two years at a price of $0.06 per share in the first year and $0.10 per share in the second year.</span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">In accordance with Exchange policies, finders' fees may be paid on the funds raised.<span style="">  </span>The private placement is subject to regulatory approval. </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">The proceeds of the private placement will be used for exploration on the Company&rsquo;s Ontario properties.</span></p>
<p style=""><strong style=""><span style="text-decoration: underline;"><span style="font-size: 11pt; font-family: Arial;">About Amador Gold</span></span></strong></p>
<p style="text-align: justify;"><strong><span style="font-size: 11pt; font-family: Arial;">Amador Gold Corp.</span></strong><span style="font-size: 11pt; font-family: Arial;"> 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 good exploration potential include the Horwood gold property, the Maskooch gold property, the Fripp nickel property and the Dale gold property.</span><span style="font-size: 11pt; font-family: Arial;"></span></p>
<p style="text-align: justify;"><strong style=""><span style="font-size: 11pt; font-family: Arial;">Contact Information</span></strong></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">Corporate Inquiries: <span style="">     </span>Alan Campbell or Kevin Hull, Investor Relations </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">Phone: <span style="">         </span>(604) 685-2222 </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">Email:<span style="">           </span><a href="mailto:info@amadorgold.com" target="_blank">info@amadorgold.com</a></span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">Website:<span style="">       </span><a href="http://www.amadorgoldcorp.com/" target="_blank">www.amadorgoldcorp.com</a> </span></p>
<p style="text-indent: 36pt; text-align: justify;"><span style="font-size: 11pt; font-family: Arial;"> </span></p>
<p style=""><span style="font-size: 11pt; font-family: Arial;"> </span></p>]]>
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      <title>[Broadcast] Richard Hughes Discusses the Exciting Loveland Gold Discovery</title>
      <guid isPermaLink="false">broadcast_563041</guid>
      <pubDate>06 Apr 2009 10:22:18 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/P3xw2NNuaRI/broadcast_563041</link>
      <description>
        <![CDATA[Richard Hughes Discusses the Exciting Loveland Gold Discovery]]>
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      <title>[Broadcast] President and C.E.O</title>
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      <pubDate>04 May 2009 17:24:26 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/D-BlsTSAUq8/broadcast_563105</link>
      <description>
        <![CDATA[Richard Hughes Discusses the Exciting Loveland Gold Discovery]]>
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      <title>[Press Release] Correction</title>
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      <pubDate>18 Mar 2009 18:30:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/v9wz_fdX9bk/message_1094922</link>
      <description>
        <![CDATA[<p style="text-align: justify; line-height: 150%;"><strong><span style="font-size: 11pt; line-height: 150%; font-family: Arial;">Amador Gold Corp. (TSX-V:AGX)</span></strong><span style="font-size: 11pt; line-height: 150%; font-family: Arial;"> confirms that further to a private placement announced on March 2, 2009, the 2-year warrant is priced at $0.06 in the first year and $0.10 in the second year.</span></p>
<p style="text-align: justify; line-height: 150%;"><span style="font-size: 11pt; line-height: 150%; font-family: Arial;">The Company also announces the appointment of Diana Mark as Assistant Corporate Secretary.</span></p>
<p><strong><span style="text-decoration: underline;"><span style="font-size: 11pt; font-family: Arial;">About Amador Gold</span></span></strong></p>
<p style="text-align: justify;"><strong><span style="font-size: 11pt; font-family: Arial;">Amador Gold Corp.</span></strong><span style="font-size: 11pt; font-family: Arial;"> holds a portfolio of mineral projects in mining-friendly Ontario, led by its flagship Loveland Gold Project near Timmins, where exploration and drilling programs 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 good exploration potential include the Horwood gold property, the Maskooch gold property, the Fripp nickel property and the Dale gold property.</span><span style="font-size: 11pt; font-family: Arial;"></span></p>
<p style="text-align: justify;"><strong><span style="font-size: 11pt; font-family: Arial;">Contact Information</span></strong></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">Corporate Inquiries: <span> </span><em>Alan Campbell or Kevin Hull</em>, Investor Relations </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">Phone: <span> </span>(604) 685-2222 </span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">Email:<span> </span><a href="mailto:info@amadorgold.com" target="_blank">info@amadorgold.com</a></span></p>
<p style="text-align: justify;"><span style="font-size: 11pt; font-family: Arial;">Website:<span> </span><a href="http://www.amadorgoldcorp.com/" target="_blank">www.amadorgoldcorp.com</a> </span></p>
<p style="text-align: justify; text-indent: 36pt;"><span style="font-size: 11pt; font-family: Arial;"> </span></p>
<p><span style="font-size: 11pt; font-family: Arial;">AGORACOM Investor Relations:<span> </span>Email: <a href="mailto:AGX@agoracom.com" target="_blank">AGX@agoracom.com</a><br /> Website: <a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a> </span></p>
<p><br /></p>]]>
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      <title>[Industry Bulletin] China Copper Purchases May Trigger Deficit, CICC Says</title>
      <guid isPermaLink="false">message_1094044</guid>
      <pubDate>18 Mar 2009 11:35:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/idMUYhoABoA/message_1094044</link>
      <description>
        <![CDATA[<p><span>Dear shareholders,</span></p>
<p><span> </span></p>
<p><span>In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically Copper, please see the attached article titled <a href="http://www.bloomberg.com/apps/news?pid=20601116&amp;sid=a8UokNeUshso&amp;refer=africa" target="_blank">&ldquo;China Copper Purchases May Trigger Deficit, CICC Says&rdquo;</a></span></p>
<p><span> </span></p>
<p>China&rsquo;s State Reserve Bureau may raise purchases to 1 million metric tons from 600,000 tons, analysts led by <span style="text-decoration: none; color: #000000;">Luo Wei</span> wrote today in a note. The purchases &ldquo;would easily turn a global surplus of between 350,000 tons and 400,000 tons this year&rdquo; into a deficit, they wrote.</p>
<p>Regards,</p>
<p>AGORACOM Investor Relations</p>
<p><a href="http://www.bloomberg.com/apps/news?pid=20601116&amp;sid=a8UokNeUshso&amp;refer=africa" target="_blank">Please click here to view article in its entirety. </a></p>]]>
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      <title>[Industry Bulletin] Hedge Funds Turn to Gold</title>
      <guid isPermaLink="false">message_1086178</guid>
      <pubDate>09 Mar 2009 10:57:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/U-2BlApJkMs/message_1086178</link>
      <description>
        <![CDATA[<p>Dear Shareholders,</p>
<p>In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion, please see the attached industry bulletin titled, &ldquo;Hedge fund investors turn to gold in bet against central banks.&rdquo;<span></span></p>
<p><span> </span></p>
<p><span>Investors such as Mr Einhorn are turning to gold because they are worried about the response of the US Federal Reserve and other central banks to the economic crisis. A bet on gold is a bet against paper currencies.</span></p>
<p><span>"The size of the Fed's balance sheet is exploding and the currency is being debased. Our guess is that if the chairman of the Fed is determined to debase the currency, he will succeed," Mr Einhorn wrote to investors.</span></p>
<p><span> </span></p>
<p><span>Regards,</span></p>
<p><span> </span></p>
<p><span>AGORACOM Investor Relations</span></p>
<p><span> </span></p>
<p><span>Please <a href="http://www.ft.com/cms/s/0/78ca863c-0c4a-11de-b87d-0000779fd2ac.html" target="_blank">click here</a> to view article in its entirety. </span></p>]]>
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      <title>[Press Release] Amador Drills Gold and Nickel-Copper Targets at Loveland Project</title>
      <guid isPermaLink="false">message_1079658</guid>
      <pubDate>27 Feb 2009 12:41:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/Vm7TILf9elE/message_1079658</link>
      <description>
        <![CDATA[<p>Vancouver, British Columbia CANADA, February 27, 2009 /FSC/ - Amador Gold Corp. (AGX - TSX Venture, ADRGF - OTCBB_Pink_Sheets), (the "Company') is pleased to announce that a drilling program scheduled to commence in early March will test two new gold discoveries and two historic nickel-copper zones at the Loveland Project near Timmins, Ontario.</p>
<p>Initial exploration and drilling at the wholly owned Loveland Property has focused on the under-explored historic nickel-copper zones. The Cominco Zone contains a non-compliant NI 43-101 resource of 130,000 tons grading 0.68% nickel and 0.73% copper, while the Hollinger Zone contains a non-compliant NI 43-101 resource of 422,000 tons of 0.71% nickel and 0.42% copper.</p>
<p>During the 2008 drill program, new gold mineralization was discovered within a 30-meter section of silicified granodiorite with quartz stringers, and 5% to 8% disseminated pyrite and arsenopyrite. Table 1 shows the mineralized intercepts returned by Discovery Hole LL-08-13.</p>
<br /><br />
<p><img src="http://smallcapepicenter.com/images/agxchart27feb.JPG" height="149" width="502" /></p>
<p>The gold mineralization intersected by Hole LL-08-13 was discovered approximately 300 meters below surface. In late 2008, surface prospecting yielded a second gold discovery approximately 400 meters southeast of the Discovery Hole mineralization. Two separate grab samples retrieved from outcrops of granodiorite returned values of 8.98 g/t Au and 11.48 g/t Au respectively.</p>
<p>Ongoing drilling is designed to determine whether the newly discovered gold occurrence is the same zone encountered in earlier drilling or part of a multiple vein system. The program is also designed to determine the orientation and extent of the gold mineralization.</p>
<p>In addition to testing the new gold discoveries, Amador will further test the Cominco and Hollinger Zones at depth and along strike. A recent drill hole, LL-08-22, intersected 1.41% copper and 0.98% nickel over a drilled width of 4.0 meters from 488.0 to 492.0 meters. This intersection occurred at about 400 metres vertically below surface and is the deepest intersection to date at Loveland. The results from Hole LL08-22 also indicate that grades may improve at depth as the combined copper-nickel grades of 2.39% are higher than the previously seen average of approximately 1.41% combined copper-nickel.</p>
<p>Amador has completed an airborne VTEM geophysical survey over part of the Loveland Property, including the Cominco Zone and Hollinger zones. The airborne magnetic and electromagnetic (EM) surveys identified both zones, which are located about 1.5 km apart, as well as numerous new targets that appear to be on strike with the Cominco and Hollinger zones.</p>
<p>Management is very encouraged by the new gold discoveries, the newly generated geophysical targets and the potential to expand and upgrade historic resources within the known nickel-copper zones. The large Loveland Property also covers favorable geology that is yet to be explored for its potential to host new gold and nickel-copper targets.</p>
<p>The road-accessible Loveland project is located 35 km from Timmins, one of the largest gold camps in the world with total recorded production of 68.03 million ounces of gold since 1910. Timmins is also a base metal camp and host to the huge Kidd Creek volcanogenic massive sulphide deposit (135.6 million tonnes milled grading 2.31% copper, 6.18% zinc, 0.22% lead and 87.3 grams per tonne silver) located 25 km east of Loveland. The Montcalm nickel-copper deposit presently being mined by Xstrata is situated 35 km west of the Loveland Project.</p>
<p>About Amador Gold</p>
<p>Amador Gold Corporation holds a portfolio of mineral projects in mining-friendly Ontario, led by its flagship Loveland Property near Timmins, where exploration and drilling programs are focused on gold and nickel-copper deposits. The Kell Mine 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 good exploration potential include the Horwood gold property, the Fripp nickel property and the Dale gold property.</p>
<br /><br />
<p>Contact Information</p>
<br /><br />
<p>Corporate Inquiries: Alan Campbell or Kevin Hull, Investor Relations</p>
<p>Phone: (604) 685-2222</p>
<p>Email: info@amadorgold.com</p>
<p>Website: www.amadorgoldcorp.com</p>
<p>AGORACOM Investor Relations: Email: AGX@agoracom.com</p>
<p>Website: <a href="http://www.agoracom.com/ir/Amador" target="_blank">http://www.agoracom.com/ir/Amador</a><span> </span></p>
<p>The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties.<span> </span>Actual events or results could differ materially from the Company's expectations and projections.</p>
<p>The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.</p>
<p>Amador Gold Corp. (AGX - TSX-V) (ADRGF - Pink Sheets)</p>
<p>Maximum News Dissemination by Filing Services Canada Inc. *</p>
<p>www.usetdas.com</p>]]>
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      <title>[Industry Bulletin] Basic Facts About Gold</title>
      <guid isPermaLink="false">message_1079531</guid>
      <pubDate>27 Feb 2009 11:27:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/zA7tjf3d3fs/message_1079531</link>
      <description>
        <![CDATA[<h3>By: Jim Anthony,</h3>
<h3>Chairman of Seabridge Gold</h3>
<p>There are about 5 billion ounces of above ground gold supply worth about USD 5 trillion at current prices. Less than 5% trades annually. The above ground gold supply is growing at about 1.5% annually, the 300 year average.</p>
<div>
<p>New gold supply is price inelastic. If you double the gold price, production will fall as miners extend precious mine life by processing lower grades through fixed rate capacity. Building new capacity is the work of decades. Re-opening old mines is difficult and expensive and there are few worthwhile opportunities which have not been exploited. Meanwhile, discovery rates are declining, discovery costs are rising, mines are depleting and production is falling at about 5% per year. The world's best gold deposits have been found and mined.</p>
<p>Gold's highest and best use is in a vault as a store of value. It is not a commodity. Jewelry 'consumption' of gold is a traditional store of value. The industrial/medical uses of gold are diminimus. If gold had important other uses, there would be less of it and the price would be lower because it would be valued as a commodity subject to substitution effects. No other substance has the unique properties and a supply sufficient to act as an ultimate store of value which is why gold has had this role for at least 6000 years.</p>
<p>Gold is therefore a financial asset in physical form and sometimes a currency. It goes up in price when confidence in other financial assets [stocks, bonds] is falling and falls when confidence in these alternatives is rising.</p>
<p>Other financial assets have the advantages of convenience and income. Gold's advantage is that it is final settlement anywhere in the world. Gold backs itself whereas other currencies and financial assets merely represent, and depend upon, the countries and companies which issue them and stand behind them. Gold is a currency without a country or central bank...there is no issuer to inflate supply or default on its obligations.</p>
<p>There are approximately USD 140 trillion in other financial assets world-wide so the current value of above ground gold is about 4% of this total. In 1980, when inflation weakened confidence in stocks and bonds, the ratio was greater than 25%. It currently requires about 8 ounces of gold to buy the Dow, down from 44 in 1999. In 1980, the ratio reached 1 to 1.</p>
<p>Gold has no P/E or other standard valuation metric. Its price can go where the market decides. How much will the owners of USD 140 trillion in financial assets pay to protect themselves from deflation, inflation or default?<br /> <br /> James S. Anthony<br /> February 13, 2009</p>
<br /><br /></div>
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      <title>[Event] Visit Amador Gold Corp. at the 2009 PDAC Conference</title>
      <guid isPermaLink="false">message_1077005</guid>
      <pubDate>24 Feb 2009 16:06:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/NFJhdN6aFbA/message_1077005</link>
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        <![CDATA[<br /><br />
<p>Amador Gold Corp. will be exhibiting at the 2009 PDAC conference at booth number 2545 on Level 800 (Investor Exchange).</p>
<p>Click <a href="http://www.virtual-exhibition.com/home.html?name=vpdac09" target="_blank">here</a> for virtual PDAC.</p>
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      <title>[Industry Bulletin] Gold hits 7-month high above $970 on safety buying</title>
      <guid isPermaLink="false">message_1070261</guid>
      <pubDate>17 Feb 2009 10:01:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/86vjwi-tR50/message_1070261</link>
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        <![CDATA[<div>
<div>
<div><strong>NEW YORK (MarketWatch) -- Gold futures breached $970 an ounce Tuesday, rising to the highest level in seven months as investors bought the metal to seek safe haven against economic troubles.</strong></div>
</div>
<div>Heightened risk aversion also pushed up the U.S. dollar and treasury securities, while oil futures and global stock markets slid. Safe-haven buying raised holdings in the largest gold exchange-traded fund to a new record high near 1,000 tons, according to latest data.</div>
<div><br /></div>
<div>Gold for February delivery rose $28.80, or 3.1%, to $970.30 an ounce on the Comex division of the New York Mercantile Exchange, the loftiest level for a front-month contract since July.</div>
<div><br /></div>
<div>Monday's gain followed gold's 3% increase last week. The metal is now just about $35 below its record high above $1,003 an ounce set in March, 2008. The more active April contract also rose Tuesday, up 3% at $972.</div>
<div>"I think $1000 is pretty much almost in the cards here just given how strong the trend has been," said Brian Hicks, co-manager of the U.S. Global Investors Global Resources Fund.</div>
<div><br /></div>
<div>The strong demand for gold is "a reflection of just how concerned investors are becoming about the ongoing volatility in the equity market as well as the financial crisis," he added.</div>
<div><br /></div>
<div><img height="1" width="1" /><span><a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=GLD" target="_blank">GLD</a></span><span><span> </span></span><span style="padding-left: 3px;"><span>95.28</span></span>,       <span>+2.73</span>,       <span>+3.0%</span>) , the largest gold exchange-traded fund, rose 1.6% from a day ago to 985.86 tons Friday, according to latest data. That's up more than 180 tons from a month ago.</div>
<div>Gloomy economy</div>
<div><br /></div>
<div>Sending more gloomy news to investors Tuesday, retail giant Wal-Mart Stores Inc. said fourth-quarter profit fell 7.4%.</div>
<div>Meanwhile, stocks in Asia and Europe moved lower, with the banking sector sliding on concerns the global economic crisis is deepening. Futures trading in the U.S. also indicated a bearish session.</div>
<div><br /></div>
<div>Credit-rating company Moody's Tuesday flagged concerns about Western European banks' exposure to Eastern European countries.</div>
<div>"Gold is moving as the last phase of the crisis appears to have started," said Martin Hennecke, an associate director with Tyche Group in Hong Kong.</div>
<div>Gold prices, which tend to move in opposite directions to the U.S. dollar, have moved in tandem with the greenback recently, as risk aversion lifted both the dollar and gold.</div>
<div><br /></div>
<div><img height="1" width="1" /><span><a href="http://www.marketwatch.com/tools/quotes/quotes.asp?symb=DXY" target="_blank">DXY</a></span><span><span> </span></span><span style="padding-left: 3px;"><span>87.65</span></span>,       <span>+0.99</span>,       <span>+1.1%</span>) , which tracks the value of the greenback against its major rivals, rose 0.4% to 87.515. Of notable weakness was the Japanese currency, which slipped to the 92-yen level against the dollar. <a href="http://www.marketwatch.com/News/Story/bank-worries-send-euro-10-week/story.aspx?guid=%7B015667D0%2D364E%2D4E8F%2D9AA7%2DF1FA04E93E9E%7D" target="_blank">See Currencies.</a></div>
<div>In other metals trading, March copper fell 5.7% to $1.4505 a pound, while March silver rose 2.2% $13.92 an ounce. March palladium added 0.7% to $218 an ounce, and the April contract for sister metal platinum rose 2.8% to $1,091 an ounce. <img src="http://i.mktw.net/mw3/News/greendot.gif" height="10" alt="End of Story" width="10" /></div>
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      <title>[Industry Bulletin] Gold rises to near $930 as safety buying continues</title>
      <guid isPermaLink="false">message_1065552</guid>
      <pubDate>11 Feb 2009 10:09:00 GMT</pubDate>
      <link>http://feedproxy.google.com/~r/agoracom-Amador/~3/Pfu04nIL3hg/message_1065552</link>
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        <![CDATA[<div>
<div>
<div>By Moming Zhou, MarketWatch</div>
<div style="color: #a3a3a3;">Last update: 9:43 a.m. EST Feb. 11, 2009</div>
<div><span></span></div>
</div>
<div>
<div><br /></div>
<div><strong>NEW YORK (MarketWatch) -- Gold futures rose Wednesday for a second session, climbing near $930 an ounce to the highest level in nearly two weeks as investors continued to buy the metal amid doubts on new economic rescue plans unveiled in the U.S.</strong></div>
</div>
<div><br /></div>
<div>Gold for February delivery was last up $11.30, or 1.2%, at $925 an ounce on the Comex division of the New York Mercantile Exchange. It rose to $929 earlier, the loftiest intraday level since Jan. 30. Trading more actively, the April contract rose 1.3% to $926 an ounce.</div>
<div><br /></div>
<div>Gold gained more than 2% in the previous session after the Treasury Secretary Timothy Geithner introduced a new plan to rescue the ailing banking sector. The Senate also passed an $838 billion stimulus package Tuesday by a 61-37 vote.</div>
<div>Markets, however, cast doubts on the plans. Stocks and crude oil prices tumbled, while safe haven buying pushed up gold and Treasury securities, as well as the U.S. dollar.</div>
<div><br /></div>
<div>It's the "flight to safety, pure and simple," said Jon Nadler, senior analyst at Kitco Bullion Dealers.</div>
<div><br /></div>
<div>Crude oil rebounded Wednesday, recouping part of Tuesday's losses, while U.S. stock futures were flat as unease continued over the lack of details surrounding the Treasury's plan.</div>
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<div>If gold breaks the $930 mark, it could rise to as high as $950 an ounce in the short term, said Ashraf Laidi, chief market strategist at London-based CMC Markets. Most analysts are projecting gold to rise above $1,000 this year, as safe-haven buying and demand for gold as a hedge against inflation are expected to continue.</div>
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<div>Holdings of SPDR Gold Trust, the largest exchange-traded fund backed by gold, hit a new record high of 894.72 tons as of Tuesday, up 1.5% from a day earlier, according to the latest data from the fund. The total was higher than that reported a month earlier by a margin of nearly 110 tons, or 14%.</div>
<div>Other metals were mixed Tuesday. March copper slid 2.9% to $1.53 a pound, while March silver rose 1% to $13.255 an ounce. March palladium gained 0.5% to $213.15 an ounce, and the April contract for sister metal platinum added 2% to $1,056 an ounce. <img src="http://i.mktw.net/mw3/News/greendot.gif" height="10" alt="End of Story" width="10" /></div>
<p><span><em>Moming Zhou is a MarketWatch reporter based in New York.</em></span></p>
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