Adamera’s SE-01 Results Low Grade - Drill Moved to Key West Mine Conductor
Vancouver, BC, March 13, 2018 - Adamera Minerals Corp. (TSX V: ADZ) announces gold results for the first and second drill holes on the SE-01 VTEM target at its Cooke Mountain project in Washington State. Drill hole HLK18-01 returned elevated gold values up to 0.3 g/t in zones with sulfide mineralization. Drill hole HLK18-02 provided gold zones assaying up to 1.0 g/t gold. A third hole was drilled 100 metres to the south. Assays are pending. The drill is now testing an entirely different VTEM conductor next to the Key West gold mine.
The first drill hole at Key West, KWN18-01 is in progress. So far it has intersected several zones of massive to semi-massive sulfides and magnetite. In addition, a zone with sheeted quartz veins and sulfides has been intersected.
The two SE-01 drill holes were collared from the same pad and drilled 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. Both holes intersected +100 metre zones with sulfides, magnetite and silica alteration suggesting a large mineralizing system. A third hole, HLK18-03 intersected a visually similar zone 100 metres to the south.
“Assays from SE-01, to date, are disappointing as this VTEM target is particularly compelling. It does demonstrate however that VTEM is a very effective tool for identifying “blind” mineralization. Soil samples and geophysical data surrounding the SE-01 target suggest potential for mineralization extends well beyond the SE-01 target. Results from the third hole will determine how we rank follow up drilling.
The drill rig is now testing a well-defined VTEM conductor 300 metres from the Key West open pit gold mine. This target does not appear to have been tested previously, despite its proximity to a high-grade deposit. Obviously, it must not have been known to earlier explorer” states Mark Kolebaba, President and CEO of Adamera Minerals Corp.
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
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.