Mr. Mark Kolebaba reports
ADAMERA MOBILIZES DRILL TO THE OVERSIGHT PROPERTY
Adamera Minerals Corp. has mobilized a core drill tothe Cooke Mountain project near the historic high-grade Overlook mine in Washington State. The first two drill holes will follow up results from drill holes OS17-01 and OS17-03 which returned several high-grade gold assays including 10 grams per tonne over 1.1 metres, 6.5 g/t over 2.8 m and 15 g/t over 0.3 m during the 2017 drill program (see news release dated Sept. 7, 2017).
An induced polarization (IP) survey recently completed over the 2017 drill holes identified two untested IP anomalies flanking the east and west sides of the high-grade gold intercepts. The IP anomalies at this location extend for 600 metres in a north-south direction. Based on positive drill results in these first two holes, the drill plan will be modified to further test this target along strike.
"If these IP anomalies are a response to wider zones of high-grade gold mineralization then we will have over 600 metres of possible strike length to test on this target alone. In addition, several other IP anomalies identified on the property require testing,"said Mark Kolebaba, president and chief executive officer of Adamera Minerals.
Since the silica-altered and silica vein stockwork-hosted gold mineralization is not detected with magnetics or electromagnetics, Adamera has deployed IP. Based on the distribution of gold in soil and the response of the IP surveying, there is potential that this style of mineralization is widespread on the property. Past drilling and mining of this mineralization suggest it is typically near surface and has reasonable downdip extent.
Extensive IP surveying is still under way on the property and several new high-interest IP anomalies have been identified.These targets are being better defined with 50-metre infill line spacing and larger station separation for deeper penetrating data. More detail on these developing targets will be released in the coming weeks.
Adamera has numerous targets scheduled for drilling. The current drill plan will remain flexible to incorporate any new high-priority targets that require testing.
Martin St. Pierre, PGeoph, is a qualified person as defined by National Instrument 43-101 and has revieweddata associated with the project.
About Adamera Minerals Corp.
Adamera Minerals is exploring for a stand-alone high-grade gold deposit within hauling distance of an existing mill near Republic, Wash. This area has reportedly produced over six million ounces of high-grade gold. Adamera is the dominant regional explorer in the area.
We seek Safe Harbor.
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