Adamera Identifies Additional Target on Flag Hill Gold Property
Vancouver, BC, March 18, 2015- Adamera Minerals Corp. (TSX.V-ADZ) announces a new gold target on the 100% owned Flag Hill property in Washington State. Magnetic survey data delineates a magnetic low anomaly that is sigmoidal or "S" shaped in form. The east-west trending anomaly is 225 metres long, and is bound to the east by a north-south trending fault and to the west by a newly identified north-south trending vein target. The anomaly is also coincident with several rock samples bearing high gold values ranging from 1 to 9.52 g/t gold.
A second similar but less defined east-west trending magnetic low feature occurs between the same north- south trending structures 200 metres to the south.
Soil samples collected over the sigmoidal zone have yielded the highest values of gold pathfinder elements on the property. A prominent regional structure that appears to control the sigmoidal feature trends towards the Golden Promise Mine located approximately 1 kilometre to the northeast. The mine produced 437,000 ounces of gold at 0.8 opt and 2.2 M ounces silver at 4 opt. The rock samples from the new target have a distinct geochemistry which is comparable to that of the upper zone of the Golden Promise Mine.
"Sigmoidal features are common in many gold vein deposits. What makes this particular target compelling is that it is strongly supported by geophysical, geochemical and geological data. The target is untested and fits well with the structural setting of the Republic gold district," says Mark Kolebaba, President and CEO of Adamera Minerals. "The Company is making arrangements to drill this high- priority exploration target."
Until 1995 the Republic Gold District produced about 3 million ounces of gold at an average grade of 20 g/t gold, and 15 million ounces of silver at an average grade of 110 g/t. Veins oriented in north-south and east-west directions were mined. Significantly, targets oriented in both directions have been identified on Adamera's Flag Hill property.
The Flag Hill Property is 10 km from the Kettle River Mill. To view a diagram of the Flag Hill targets click here.
Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. The company's strategy is to fast-track the discovery to production process by exploring close to a mill in need of ore. Adamera is exploring several
projects with a goal to become the dominant mining/exploration company in the area through discovery.
On behalf of the Board of Directors, Mark Kolebaba
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, incl. 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