Adamera Improves Targeting for High-Grade Gold In Washington State - Moves to Acquire Additional Lands
Vancouver, BC, October 14, 2015 - Adamera Minerals Corp (ADZ-TSX: V) A detailed analysis of the gold deposits in the vicinity of Adamera's Oversight property in the Cooke Mountain Mining Camp, Washington State, has defined several key geological features that appear to be important controls for high-grade gold mineralization. These features not only enhance Adamera's drill targets on the Oversight property, but define new targets on a regional scale on Adamera's Lambert Creek property and on lands to be acquired.
"This is a significant development for Adamera as it demonstrates the potential for multiple deposits and most importantly, opens the door for the discovery of deposits of significant size," says Mark Kolebaba, President and CEO of Adamera Minerals.
The recognition of geological features provides an innovative approach for targeting high-grade gold mineralization in the area. Some of the the key features include:
- Mineralized Contact - high-grade mineralization preferentially occurs on a specific tracable geological contact.
- Feeder Structure - specific structural trends host feeder zones associated with high-grade gold.
- Breccia - mineralization is associated with the development of significant brecciation.
- Alteration - mineralization is associated with a particular recognizable type of hydrothermal alteration.
As a result of extensive geological mapping and detailed drill log analysis, the Company has identified crucial stratigraphic positions key to determining if the preferentially mineralized contact is above or below a specific given site. This significantly advances Adamera's targeting methodology.
Importantly, target refinement can be accomplished using low-cost exploration techniques, including geological mapping, standard geophysics and conventional geochemistry.
As background, the Oversight and Lambert Creek properties are located in the Cooke Mountain Mining District where approximately one million ounces of gold have been mined from high-grade deposits. Both the Oversight and Lambert Creek properties are adjacent to and host areas of past production and are strategically located within 6 km of an operating gold mill (Kettle River Mill - Kinross Gold).
B.H. Kahlert, P.Eng 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.
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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 exploration company in the area and to be positioned for M&A activity.
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.