Adamera Starts Drilling the SE-01 VTEM Target
Vancouver, British Columbia, February 5 , 2018 - Adamera Minerals Corp. (TSX-V: ADZ) announces that drilling has begun on SE-01, the first of a number of gold targets recently approved for drilling by the US Forest Service (See new release dated January 29, 2018). The target is located approximately 4 kilometres from the Kettle River gold mill in Washington State.
The SE-01 target was initially identified in Adamera’s VTEM survey as a high conductivity electromagnetic (EM) anomaly that coincides with a strong magnetic high. It represents the strongest conductor identified by the survey. Subsequent geophysical, geological and geochemical surveying has determined a possible strike length of +500 metres. The initial drill hole is designed to intersect the target at a depth of 70 metres.
“SE-01 is not a subtle target. It is a combination of strong EM and magnetic anomalies with overlying soils enriched in gold, copper, zinc, arsenic and antimony. It is a compelling new target in an area with no history of previous modern exploration. A discovery here could be the beginning of a a new mining district,” says Mark Kolebaba President and CEO of Adamera.
Ground geophysical test surveys to validate the SE-01 VTEM target consisted of Crone SB-EM, VLF-EM and self potential (SP) methods. All methods detected the VTEM conductor with the SP survey detecting an additional strong response east of SE-01.
Soil samples above SE-01 contain anomalous gold values that strongly correlate with the location of the conductor and associated ground magnetic anomaly. Gold values directly overlying the target range from 18 to 350 ppb. The anomalous gold values corelate well with several gold pathfinders including arsenic, copper, zinc and antimony.
Another positive aspect of SE-01 is its position within 100 metres of the eastern bounding fault of the Republic Graben. These major faults are associated with more than 90% of the gold deposits in the region.
Martin St. Pierre P.Geoph, a Qualified Person as defined by National Instrument 43-101 has reviewed the data in this release. Gold analysis of soil samples was completed by Activation Laboritories using fire Assay methods. Multi-element analysis was completed by XRF operated by Adamera personel.
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 ounzes 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.