Adamera's Airborne Geophysical Survey Targets High-Grade Gold
Vancouver, British Columbia, November 22, 2016 - Adamera Minerals Corp. (TSX-V: ADZ) has initiated a detailed helicopter borne magnetic / VTEM survey on its Cooke Mountain project in Washington State. The survey is designed to target high-grade gold deposits along two trends recently identified by the Company.
Along these trends, gold deposits occur in specific horizons and coincides with zones of massive sulphide and sulphide veins. Past producing deposits in the area include the Lamefoot, Overlook, Key West, Key East and Belcher mines which have produced over a million ounces of gold.
Mark Kolebaba President and CEO of Adamera states "This is a very significant milestone for the company. Our team has worked extremely hard to get to this point in the project. Based on our current knowledge, we are confident that this geophysical method will detect the blind gold deposits we are targeting and since we expect these deposits to occur as clusters along these trends, we are excited to be the first to apply this geophysical method to the region"
The magnetic and electromagnetic data, detailed soil geochemistry, alteration / structural mapping and AMT data will be used to define drill targets. Drilling can be conducted all year-round regardless of season in this part of Washington State.
The survey contractor, Geotech Ltd. mobilized its aircraft and equipment last week. Surveying is now underway.
C. Johnson, P.Geol a Qualified Person as defined by National Instrument 43-101 has reviewed the geological data in this release.
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 an existing mill in need of ore. Adamera is exploring several projects and is the dominant exploration company in the area.
On behalf of the Board of Directors,
President & CEO
For additional information please contact:
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.