Adamera Defines Two Gold Targets at Empire Creek Gold, Washington State
Vancouver, BC, November 12, 2014 - Adamera Minerals Corp. (TSX V: ADZ) announces two gold targets on the Empire Creek Gold Property in Washington State. One target is over one kilometre in length and does not appear to have previously been recognized and is poorly tested. A second similar target has been identified further south on the property. An application has been submitted to authorities to permit both trenching and drilling.
"The northern target is an exciting new target as it has good strike length, a favorable structural setting, and gold values in soils as high as 0.2 g/t. We believe that recent Adamera drilling just clipped the eastern end of this target, leaving the bulk of the target untested," says Mark Kolebaba, President and CEO of Adamera Minerals. Please click here for Audio/visual presentation.
The target was generated from recent trenching, shallow drilling and follow up soil sample analyses. Two trenches and three shallow drill holes were completed by Adamera on the eastern part of the property. The drill holes were sited near historical drilling that had intersected high grade, but apparently discontinuous mineralization (10.5 g/t gold and 183.3 g/t silver over 15.24 metres at 60 metres depth). Adamera intersected shallow mineralization, including 25 meters of ~1 g/t gold which included a zone of 5 g/t over 1 metre in the vicinity of the historical drilling, indicating that the soil anomaly is reflecting a bedrock source.
The target is compelling, being the coincidence of an east-west magnetic linear, gold in soils anomaly and significant mineralization at depth on its' eastern extremity. This supports the interpretation that gold is likely localized within multiple structures within the east-west target zone. Table 1 below shows these results.
|Hole||Hole Angle||Hole Depth (m)||From (m)||To (m)||Interval (m)||Gold (g/t)|
Mineralized samples from trenches in the same area also support the presence of east-west mineralized structures. Trench 2 yielded 4.7 g/t gold over 1.5 metre and Trench 1 yielded 2.55 g/t gold over 3 metres.
The kilometre long target area was only identified after the trenching and drilling had been completed. Gold results for soil samples analyzed by Acme Laboratories define multiple zones of anomalous gold along an east-west trend within a broad weak arsenic anomaly (see figure 1). The anomalous zones contain numerous soil samples with values ranging from 0.05 to 0.2 g/t gold. The limited drilling by Adamera and the historical drilling appear to have not tested the areas with the highest gold values and for the most part have focused on testing only the eastern extremities of this target approximately 50 metres east of the more highly anomalous gold values in soil.
The western end of the target is on the western boundary of the Republic Graben, a major structural feature in the district. More recently, a second east-west target situated 1.5 kilometres to the south has emerged from soil data (see figure 2). A historic drill hole sited on the northern flank of this target intersected 3.7 g/t gold over 4.6 metres.
B. Kahlert, P.Geol a Qualified Person as defined by National Instrument 43-101 has reviewed the data in this release with the exception of any historical data. 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.
Adamera is exploring for high-grade gold near an operating mill in Washington State owned by the Kinross Gold Corporation. Kinross currently ships ore from its 1.3 million ounce Buckhorn Mine located 70 kilometres to the north. The Buckhorn Mine is a high grade, low-cost producer with only 1 year mine life remaining. Adamera is currently exploring five projects with high-grade gold potential within hauling distance of the Mill.
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.