Adamera Completes Second Drill Hole on SE-01 Target Sulfide-Magnetite Zone Intersected
Vancouver, BC, February 22, 2018 - Adamera Minerals Corp. (TSX V: ADZ) announces the second drill hole on the SE-01 VTEM target at its Cooke Mountain project in Washington State intersected a zone of sulfides and magnetite mineralization. The drill core is currently being logged and prepared for assay. Assays are pending for both drill holes.
The two SE-01 drill holes were collared from the same pad and at the same azimuth. Hole HLK18-01 was drilled at -55 degrees and HLK 18-02 at -43 degrees to intersect the target up dip. Based on the orientation of the two holes the mineralized zone is estimated to dip west at approximately 60 degrees. The modelled VTEM data suggested a dip of 68 degrees to the west.
HLK 18-02 intersected a zone from 55.7 metres to 161 metres downhole that is similar to the zone intersected in HLK 18-01. Core logging reports the presence of silica alteration and sulfide-magnetite mineralization.
“Drill hole HLK 18-02 provides a second intercept of the target, but higher in the system. Our interpretation of all the data suggests vectoring to depth will return increasingly positive sulfide-magnetite-silica intercepts. It is also important to note that the estimated dip of the zones from two drill holes implies the measured downhole length of the HLK 18- 01 intercept is close to true thickness.” states Mark Kolebaba, President and CEO of Adamera Minerals Corp. “Provided assays support the visual encouragement to date, the obvious next drill holes will be down dip and then along strike.”
SE-01 is located approximately 4 kilometres from the Kettle River Mill.
Martin St. Pierre P.Geoph, and Jim Ebisch P. Geo, are Qualified Persons as defined by National Instrument 43-101 reviewing data associated with the project.
Adamera Minerals Corp. is exploring for a stand-alone high-grade gold deposit within hauling distance of an existing mill near Republic Washington. This area has reportedly produced over 6 million ounces of high-grade gold. Adamera is the dominant regional explorer 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.