Adamera Intersects Gold Zones at the Key West Target
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Vancouver, BC, April 10, 2018 - Adamera Minerals Corp. (TSX V: ADZ) announces zones with gold were intersected at the Key West target located 1 kilometre north of the Overlook gold mine in Washington State. The first drill hole, hole KWN18-01, which is located 300 metres north of the past producing Key West mine intersected an upper and lower gold bearing zone. The upper zone from 33.2 metres to 37.6 metres yielded 2.32 g/t gold over 4.4 metres, including 2.34 metres at 3.8 g/t gold.
The lower zone from 122.1 metres to 139.0 metres yielded 0.6 g/t gold over 17 metres, including higher grade intervals of 2.8 g/t gold over 1.8 metres and 4.5 g/t gold over 1.0 metres.
Table 1. Gold intersection in Hole KWN18-01
|
Drill Hole |
Zone |
From |
To |
Au (g/t) |
Interval |
|
|---|---|---|---|---|---|---|
|
KWN18-01 |
Upper |
33.2 |
37.6 |
2.32 |
4.4 |
|
|
incl. |
35.2 |
37.6 |
3.8 |
2.4 |
||
|
incl. |
35.2 |
37.1 |
4.3 |
1.9 |
||
|
|
incl. |
36.4 |
37.1 |
5.2 |
0.7 |
|
|
|
||||||
|
|
Lower |
122.1 |
139.0 |
0.6 |
16.9 |
|
|
|
||||||
|
|
incl. |
124.5 |
127.3 |
0.9 |
2.8 |
|
|
|
incl. |
132.7 |
134.5 |
2.8 |
1.8 |
|
|
|
incl. |
133.5 |
134.5 |
4.5 |
1.0 |
|
The second hole, KWC18-01, was collared approximately 30 metres from the north end of the Key West pit. The hole intersected 3.8 g/t gold over 1.2 metres at a down hole depth of 8 metres. In addition, elevated gold values of 0.9 and 0.7 g/t gold were intersected at depths of 48 metres to 52 metres and 84 metres to 88 metres respectively.
“Drilling at Key West again confirms the presence of gold mineralization within a VTEM anomaly. This is a large target that extends more than 450 metres from the Key West gold mine. Although we are exploring for higher grades, the discovery of previously unknown mineralization in two widely spaced holes is encouraging and supportive of our exploration approach,” states Mark Kolebaba, President and CEO of Adamera Minerals Corp.
Key West is part of the Overlook – Key gold trend within the Cooke Mountain project and is situated along the existing haul road approximately 5 kilometres from the Kettle River Mill.
Adamera is currently planning a 10 to 15 hole follow up drill program to further test the Key West and Overlook areas. The higher-grade gold zones appear to be dominated more by magnetite than sulfides, suggesting that relying primarily on the intensity of a VTEM conductor may be less effective than drilling the more highly magnetic zones within the target.
Drill hole KWN18-01 was drilled at an angle of -85 degrees to the west and KWC18-01 was drilled at -50 to the west. The true widths of the drill intercepts are not known.
Site work is continuing in preparation for drilling when the snow cover has cleared.
Martin St. Pierre P.Geoph, and Jim Ebisch P. Geo, are Qualified Persons as defined by National Instrument 43-101 that have supervised the collection of data and 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.
