Adamera Receives Initial Assay Results on the Poland-China Project in Washington State
Vancouver, BC, June 5, 2013 - Adamera Minerals Corp. (TSX V: ADZ) has received assay results for samples collected during detailed mapping on its 100% owned Poland China gold project in Washington State. Numerous high grade gold assays between 4 g/t and 16 g/t have been returned from several rock sample intervals along the length of the mine workings (see diagram).
The latest results indicate that gold mineralization at Poland China occurs within a graphitic sedimentary unit that has been folded. The higher gold values appear to occur within or near fold hinges, an interpretation that significantly increases deposit size opportunities for the property.
A chip sample assaying 5 g/t gold over 10 metres (including 1.5 metres of 20 g/t gold) from a trench completed in 2012 located northeast of the historic mine may represent a second mineralized fold hinge. The lowest level of the mine workings located 33 metres below the adit level suggests that multiple mineralized horizons may occur within a given fold structure.
"The new interpretation of a gold bearing stratigraphic unit with higher gold values occurring along fold hinges is very positive and a significant step forward as it alters the way we will explore the property. Multiple fold hinges with multiple horizons of mineralization increases deposit size opportunities for the property. Testing this model will be carried out by trenching and lightweight drilling," says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
The gold mineralization discovered to date at Poland China occurs near surface and appears to be spatially related to VLF-EM ("geophysical conductors") and soil anomalies that will be tested by trenching and lightweight drilling this summer.
The Poland China Mine
The historic Poland China Gold Mine is located approximately 10 kilometres from the Kinross Buckhorn gold mine and less than 80 kilometres, by existing road, to the Kinross Kettle River mill.
Gold is associated with graphite, silica alteration and sulphides. The reported mining grade was 8.2 g/t to 12.7g/t gold over an average mining width of 2.1 metres. Graphite is considered important as it may have formed a reducing chemical environment causing gold to precipitate. An overlying unit of more silicified sediments appears to have acted as a trap or cap rock allowing hydrothermal fluids to deposit gold within the graphitic argillite.
Adamera's strategy in Washington State is to cost effectively make gold discoveries within historic mining districts, particularly where such discoveries are close to existing infrastructure. Specifically, a discovery of a high grade gold deposit at the Poland China mine could take advantage of its proximity to the Kinross Kettle River Mill which is reported to be operating at half capacity. Ore from the 1.3 million ounce Buckhorn mine is shipped 70 kilometres to Kettle River Mill. The average grade of the Buckhorn mine is 11.3 g/t gold and production costs are reported to be between $400 and $500 per ounce. With the Buckhorn mine having only 3-4 years mine life remaining, Adamera is determined to discover a high grade gold deposit close to the Kinross infrastructure. (See map for Adamera's properties)
Graham Gill P.Geo and Bruce Kienlen P.Geol are the Qualified Persons as defined by National Instrument 43-101 and are responsible for overseeing exploration activity and reviewing data collected on the project. The historical data is from private reports and has not been verified by the Company, however, it appears to have been completed under standard best practices consistent with the time and appears to be of reasonable quality.
On behalf of the Board of Directors,
President & CEO
For additional information please contact:
Manager, Corporate Communications
Tel: (604) 689-2010
Fax: (604) 484-7143
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.