(TheNewswire)
Vancouver, BC / TheNewswire / February 20, 2018 - In conjunction with the Annual General Meeting of Adamera Minerals Corp. (TSX V: ADZ) on Thursday, February 22, 2018, Mark Kolebaba, President and CEO has issued a President’s Letter to the shareholders detailing corporate and exploration activities in 2017. A technical overview of the projects will be presented at the meeting. The President’s Letter is available for viewing on the Company's website at www.adamera.com
In the letter Mr. Kolebaba discusses the 2017 exploration year and plans for 2018. Highlights of the letter include:
1)Development of the SE-01 target which is currently being drill tested. The initial drill hole intersected both semi-massive and disseminated sulfides over a 120 metre core length. A second drill hole has since been completed. Gold assays are pending.
2)Drill
intersection of high-grade gold (9.6 g/t gold over 10.9 metres and 9.9 g/t gold over 2.1
metres) northwest of the Overlook gold mine. This
may represent a new discovery.
3)Drill
intersection of shallow high-grade gold (6.5 g/t gold over 2.8 metres) associated with silica alteration at Oversight southeast of the
Overlook gold mine. Importantly the Company identified large areas
with similar potential.
4)Discovery of
high-grade gold surface outcrops on Outlook Ridge. Rock sample assays
of interest range from 2 to 64 g/t gold.
5)Development
of the Goodfoot property and a number of targets having similar
geological features to the past producing Lamefoot gold mine on strike
2 kilometres to the north.
6)The
generation of new targets in and around the former Key West and Key
East gold mines.
7)The collection of nearly 11,000 soil samples and approximately 700 kilometres of ground magnetic data. Combined with more detailed geological mapping and ground geophysics a large number of new targets require follow up.
For further information please visit the website.
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.
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