RENO, NV--(Marketwire - 11/16/10) - Gold American Mining Corp. is pleased to report that the first two drill holes of the 2,500 meter campaign at its Guadalupe Property (Zacatecas, Mexico) each successfully intersected multiple targets.
Drill hole No. 1 intersected the San Antonio and the La Esperanza veins. The San Antonio vein was intersected for 1.38 meters grading 0.24 g/t gold and 80.2 g/t silver, as well as 0.61% Cu, 1.25% Pb, and 2.5% Zn. The La Esperanza vein was intersected for 0.70 meters grading 60.5 g/t Ag, 0.17% Cu, 2.95% Pb and 2.25% Zn.
Drill hole No. 2 intersected the Santa Rosa and the Marcos de Oro veins, as well as a gold bearing zone associated with an increase in associated quartz/carbonate veinlets. The Santa Rosa vein was intersected for 2.25 meters averaging 0.60 g/t gold and 69.8 g/t silver. The Marcos de Oro vein was intersected for 1.2 meters grading 0.93 g/t gold and 19.3 g/t silver.