Mr. Mark Kolebaba reports
ADAMERA DELINEATES SIGNIFICANT GOLD TARGETS ON THE LAMEFOOT TREND
Adamera Minerals Corp. has provided an update on the second of two gold trends earmarked for drilling on the Cooke Mountain project in Washington State.
The Lamefoot trend is located six kilometres west of the previously announced Overlook trend. The trend extends for seven kilometres, with the Lamefoot gold deposit near its northern limit.
Adamera has identified two high-priority areas on the trend that contain a number of compelling drill targets. These areas include the Lamefoot South and Goodfoot properties. The targets are based on a multidiscipline database compiled over the past several months.
"Adamera is continuing to delineate and test quality exploration targets in Washington State. Our drill programs have achieved success in the discovery of high-grade gold near the Overlook and Key West mines. In addition to advancing the Overlook trend discoveries we will test the Lamefoot South and Goodfoot targets on the western Lamefoot trend," stated Mark Kolebaba, president and chief executive officer of Adamera.
The Lamefoot gold deposit was mined in the late 1990s by Echo Bay Mines. It was the largest and highest-grade mine in the Cooke Mountain district. High-grade gold mineralization reportedly occurred as silica-altered massive magnetite and sulphide zones at a limestone-clastic contact. In addition, mineralization was present within quartz-sulphide veins in clastic rocks near a limestone contact. One of the keys to the deposit was the presence of silica and the proximity to a limestone contact.
Detailed work recently completed by Adamera includes: ground magnetics, electromagnetics to detect massive sulphides, induced polarization (IP) to detect sulphide veining and silica, and gold plus pathfinder element geochemistry. These surveys were superimposed on Adamera geological mapping to identify both structure and key rock types.
Lamefoot South property
Lamefoot South is located south of and contiguous with the Lamefoot mine property. Seven targets with coincident magnetic, IP and soils gold anomalies have been identified on a limestone contact within a structural corridor on strike from the Lamefoot mine. One target is defined by a 400-metre-by-400-metre area located a few hundred metres south of the Lamefoot mine.
The targets are all interpreted to be shallow. A total of 15 drill sites have been submitted for permitting on state lands. Other drilling is planned on nearby private land where owner consent is the only requirement. Drilling is expected to begin in July or sooner.
Goodfoot property
Goodfoot is located two kilometres south of the Lamefoot mine and on strike with the Anfo fault, a key structure thought to control Lamefoot mineralization. Adamera has identified and mapped on the property five kilometres of stratigraphy known to regionally host high-grade gold mineralization. Coincident magnetics, IP, EM (electromagnetic) and soil anomalies have identified several shallow drill targets.
One of the best targets is estimated to be 25 metres deep and to extend for 300 metres. Approximately 15 proposed drill holes have been submitted for permitting.
Elsewhere, IP surveying on the Overlook trend has recently begun and is targeting high-grade gold in quartz veins that were intercepted in Adamera drill holes and in the upper levels of the Overlook mine (see news release dated Sept. 7, 2017).
For background information, the Lamefoot and Goodfoot properties are 10 kilometres and 7.5 kilometres, respectively, by road from the Kettle River mill.
Martin St. Pierre, PGeoph, a qualified person as defined by National Instrument 43-101, has reviewed the data associated with the projects.
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.
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