Adamera Drilling Continues in Washington State
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Vancouver, BC, September 11, 2018 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF) has completed three drill holes on the Oversight Property near Republic, Washington. The three holes test two induced polarization (IP) anomalies near a zone where shallow high-grade gold was intercepted in two 2017 drill holes. Assays are pending.
Core from the three drill holes intersected disseminated to veined sulfides in variably silicified zones. This style of mineralization resembles that within adjacent drill holes OS17-01 and OS17-03, both of which yielded high-grade gold in 2017.
Core from the first two holes, OS18-01 and OS18-02, have been submitted to the laboratory. The third hole will be assayed after the core has been logged and sampled.
The selected photographs of core (Figure 1) from drill hole OS18-03 show the sulfides which are believed to be the source of the targeted IP anomaly. Assays will determine if the sulphides are gold bearing.
Figure 1. Photographs at various depths from hole OS-18-03 shows disseminated to veined sulphides and alteration.
The first two drill holes OS18-01 and OS18-02 were drilled at an angle of -50o to the west and east respectively to test separate IP anomalies immediately west and east of the high-grade gold zones encountered in drill holes OS17-01 and OS17-03. The two IP anomalies extend for 600 metres along strike. A third hole, OS18-03 was drilled 50 metres south of the first two holes to test a location where the IP response is strongest. A fourth hole is planned (See figure 1 for drill hole locations).
“IP surveying is successfully locating zones that appear prospective with respect to sulfide content and silica alteration. Being close to a former gold mine, these are high priority targets that need to be tested,” says Mark Kolebaba, President and CEO of Adamera Minerals.
Figure 2 shows the locations of the interpreted IP anomalies in relation to the historic Overlook mine. The plan also shows IP targets coincident with gold in soil and rock samples.
Figure 2. Oversight property map and insert showing numerous IP anomalies on the property. Note priority targets with coincident geochemical values. Gold in rock and soil samples are shown as circles, 2018 drill holes are shown in black.
Drill holes, OS17-01 and OS17-03 were drilled in 2017. Both holes intersected zones with disseminated to veined sulfides and silica alteration situated between the IP anomalies currently being drill tested. Gold assays from these holes include 10 g/t over 1.1 m, 6.5 g/t over 2.8 m and 15 g/t over 0.3 m. (See news release September 07, 2017).
Permitting for the current drill site and four other nearby sites on Oversight were finalized on August 27, 2018. Prior to these permits being granted, Adamera attempted to test a target near the Lamefoot South property. Due to difficult drilling conditions the hole was abandoned.
Drilling has been delayed by fire restrictions, but with recent cooler temperatures and precipitation the restrictions should be lifted soon.
Martin St. Pierre P.Geoph, is a Qualified Person as defined by National Instrument 43-101 and has reviewed data associated with the project.
About Adamera
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,
Mark Kolebaba
President & CEO
For additional information please contact:
Tel: (604) 689-2010 Fax: (604) 484-7143
Email: info@Adamera.com
Website: www.Adamera.com
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.
