Mr. Mark Kolebabareports
ADAMERA INTERSECTS 19.4 G/T GOLD - ZONE OPEN AT DEPTH
Adamera Minerals Corp.'s diamond drill hole OS18-02 intersected 19.4 grams per tonne gold over 1.07 metres on the Overlook project in Washington State. The extent of the high-grade gold mineralization is not yet known as the drill hole terminated in the zone. Drill planning to determine the extent of the mineralization is under way. Results for Oversight drill holes OS18-01 and OS18-02 are reported in the associated table.
Drill hole OS18-02 was drilled at minus 50 degreestoward the east, terminating at the maximum depth capacity of the equipment. It was designed to test a 600-metre-long, 70-metre-wide north-south-trending IP (induced polarization) anomaly with coincident anomalous gold in soil and rock geochemistry. The hole traversed 50 metres of the western side of the IP anomaly.The remaining 20 metres of the anomaly will be tested by drilling beyond the maximum depth of hole OS18-02.
The 19.4-gram-per-tonne-gold intercept was from 78.2 to 79.3 metres downhole. The gold occurs in fine-grained, silicified clastic rocks with an estimated 5 per cent disseminated sulphides.A zone of intense alteration was intersected immediately before the mineralized zone. Other intersections of interest in this hole are shown in the associated table. The dip, strike and extent of the mineralized zone are not yet known.
"We have just begun testing these IP targets, and so far, they appear to be leading us to gold mineralization. The alteration suggests they are conduits for fluid flow which mayhost previously unknown gold mineralization. The many IP anomalies on the property, especially those proximal to known gold deposits and/or gold in soils undoubtedly represent high-quality targets for the company,"said Mark Kolebaba, president and chief executive officer of Adamera.
Drill hole OS18-01 on Oversight was drilled at minus 50 degreestoward the west to test a second IP anomaly (located west of OS18-02).At this location the IP anomaly is approximately 80 m wide. The hole intersected several gold-bearing zones, including, at 21.65 to 24.38 metres downhole, a 2.7-metre zone with two g/t Au (including 3.8 g/t Au over 0.7 metre). As drill hole OS18-01 only tested the eastern 20 metres of the IP target, additional drilling is planned.
Core samples from a third drill hole, OS18-03 shown in an image on the company's website, have been submitted to the laboratory for analysis. The hole also tests the western side of the IP anomaly tested by OS18-02.
Numerous IP anomalies, which warrant drill testing, have been identified on the property. The map on the company's website shows IP anomalies with coincident gold mineralization near the Overlook mine, Outlook Ridge and Oversight area. Several IP anomalies are also coincident with anomalous gold in soil. The insert focuses on the two Oversight IP anomalies currently being drill tested. The current drilling has only tested a small portion of the 600-metre trend both laterally and along trend. Gold in rock samples are shown as blue circles and gold-in-soil samples are shown as red circles.
GOLD ASSAYS FOR DRILL HOLES OS18-01 AND OS18-02HoleFrom To Interval Gold (m)(m)(m)(g/t)OS18-0112.3613.04 0.681.2OS18-0121.6524.38 2.732.0incl.21.65 22.3 0.653.8OS18-0130.9431.52 0.581.8OS18-0144.4345.51 1.08 1.46OS-18-02 35.3435.840.5 1.44OS-18-02 56.9767.47 10.50.7incl.56.9758.52 1.55 1.12incl. 62.362.78 0.48 2.22incl.65.1665.47 0.31 1.53incl. 67.167.47 0.377.3OS-18-02 78.1879.25 1.07 19.4
While the company was waiting for assay results for the Oversight property, the drill was moved to the Lamefoot South property. The drill is currently testing a Lamefoot South target and will be moved back to Oversight upon completion of the Lamefoot South hole.
Martin St. Pierre, PGeoph, is a qualified person as defined by National Instrument 43-101 and has revieweddata associated with the project. Gold analysis was completed by Activation Laboratories using fire assay methods.
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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