Adamera Defines a 2nd Set of VTEM Targets
Vancouver, British Columbia, March 13, 2017 - Adamera Minerals Corp. (TSX-V: ADZ) reports on modeling of a second set of VTEM electromagnetic (EM) anomalies in the Cooke Mountain Project in Washington State. The new set includes CM-SE-3, CM-SE- 4 and CM-SE-5 described below.
Adamera has now defined 6 targets that warrant testing during its upcoming drill program. As the modeling of VTEM data progresses additional high priority targets are anticipated. The magnetic data has proven to be an integral part of this interpretation. The magnetic character of the known deposits is consistent with our anomalies. New resulting targets will be described in follow up news releases as required.
Mark Kolebaba President and CEO of Adamera Minerals Corp. states "As I mentioned earlier, the targets exhibit EM characteristics similar to the Overlook and Key West gold deposits in the region, and it is important to note 4 of the 6 targets detailed so far are estimated to be significantly larger than the survey responses generated by Overlook and Key West."
The CM-SE-3 and CM-SE-4 and CM-SE-5 targets all exhibit conductivity levels similar to the nearby flat lying moderately conductive Overlook gold deposit. Below is a brief description of the three modeled targets comprising this set. Targets CM-SE-1, 2 and 6 were described in an earlier release dated March 1, 2017.
CM-SE-3 is a large moderately conductive, flat lying target located along a major magnetically defined structure. Modeling indicates an 800m X 400m body at a depth of 345m.
CM-SE-4 is a conductor located in a magnetically active area. It appears to be caused by two moderate conductors 4A and 4B at estimated depths of 128 metres and 88 metres, respectively. The modeled dimensions of target 4A is 645 m x 218 m and target 4B is 700 m x 365 m.
CM-SE-5 is a moderate conductor modeled as a flat lying body measuring 284 m X 85 m at a depth of 68 meters.
A modeled cross section of each target is shown below.
Target model shown in profile.
Martin St. Pierre P.Geoph, a Qualified Person as defined by National Instrument 43-101 is interpreting the geophysical data from Geotech Ltd.
Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. While the existing third-party mill and superior logistics allow a smaller resource to be potentially economic, Adamera's primary goal is the discovery of a large stand-alone high grade gold deposit. Adamera is the dominant regional exploration company in the area.
On behalf of the Board of Directors,
President & CEO
For additional information please contact:
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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.