High-Grade Gold Exploration Program Begins on Adamera's Poland China Property in Washington State
Vancouver, BC, May 06, 2013 - Adamera Minerals Corp. (TSX V: ADZ) has begun the spring exploration program on its 100% owned Poland China gold property in Washington State. The program will focus on further refining targets in preparation for a trenching and drilling program. Poland China is a historical high-grade gold producer.
"Using a new geological model, we have identified several targets that demonstrate potential for a sizable high-grade gold system. Our goal is to further refine these targets to minimize exploration risk. On completion of this current groundwork program preliminary drilling using light weight equipment is being considered. This equipment is capable of testing the targets for a fraction of the cost of conventional drilling which is appropriate in the current market," says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
The Adamera exploration team is currently conducting geological mapping and detailed sampling of the accessible mine workings to refine our geological model for the property. Specifically the data will be used to better define the structural and stratigraphic controls on the known high-grade gold mineralization. Determining the extent of mineralization at surface by collecting additional soil samples along a high priority geochemical/geophysical corridor identified in 2012 is a priority. Further VLF-EM and other geophysical methods may be employed. The majority of this work is expected to be completed by the end of June.
About Poland China
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. Poland China is considered to be a sedimentary hosted vein gold deposit.
The vein mined at Poland China is hosted within brecciated graphitic argillite and has a reported grade of 8.2 g/t to 12.7g/t gold over an average mining width of 2.1 metres. Graphitic sediments are considered important at Poland China as they appear to be associated with gold mineralization.
A VLF-EM survey carried out by the company identified numerous north-south trending conductors that appear to be related to graphite rich beds. Trenching across a VLF-EM anomaly with a coincident gold anomaly in soil exposed a graphite rich zone with quartz veining and pyrite. Within this zone, gold assayed 5 g/t gold over 10 metres including 20 g/t gold over 1.5 metre. Old workings in the Poland China mine with similar north-south orientations suggest further evidence for north- south oriented mineralization related to the graphite beds.
The 2013 program is designed to assess the company's current geological model, identify and test targets to demonstrate size potential for the property.
Adamera's strategy is to delineate a high-grade gold deposit near the Kinross Kettle River gold mill, located only 80 km from the property. The mill is currently operating at half capacity with ore shipped 70 km from their 1.3 million ounce Buckhorn mine. 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.
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.