Adamera Reports Drilling Results
Vancouver, B.C., January 15, 2019 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF) reports laboratory results for drill hole OS18-02B at the Oversight Project in Washington State. The hole is a redrill of drill hole OS18-02 announced on September 26, 2018. A number of lower grade gold intercepts were returned. Results from OS18-04 drilled further to the north are pending.
OS18-02B results are shown in the table below.
|From (m)||To (m)||Gold (g/t)||Interval (m)|
Table 1. Zones with anomalous gold in drill hole OS18-02B
Magnetite intersected in drill hole OS18-02B contains 4.5 times more gold on average than the magnetite zone in OS17-03 and OS17-01 to the south. At the Overlook Mine, a general increase in gold content of the magnetite typically occurs immediately adjacent to and often contributes to the high-grade zones. Arsenopyrite, which frequently correlates with high-grade gold on the property, locally forms up to 15% of the rock in OS18-02B. The presence of arsenopyrite is not noted in drill holes to the south.
“The Oversight prospect remains a valid target. Although OS18-02B did not intersect an anticipated high-grade gold zone, the overall increase in gold content and introduction of high arsenopyrite provides encouragement for further drilling. Results from drill hole OS18-04 will provide information to help complete the picture,” says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
Results for drill hole LFS18-01 on the Lamefoot South prospect were also received. No significant gold bearing zones were intersected. A hole to drill the target from the opposite side is tentatively planned.
Martin St. Pierre P.Geoph, is a Qualified Person as defined by National Instrument 43-101 and has reviewed data associated with the project. Gold analysis was completed by Activation Laboratories using fire assay methods.
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.