Mr. Mark Kolebaba reports
ADAMERA'S SE-01 RESULTS LOW GRADE - DRILL MOVED TO KEY WEST MINE CONDUCTOR
Adamera Minerals Corp.has provided gold results for the first and second drill holes on the SE-01 VTEM target at its Cooke Mountain project in Washington State. Drill hole HLK18-01 returned elevated gold values up to 0.3 gram per tonne in zones with sulphide mineralization. Drill hole HLK18-02 provided gold zones assaying up to 1.0 g/t gold. A third hole was drilled 100 metres to the south. Assays are pending. The drill is now testing an entirely different VTEM conductor next to the Key West gold mine.
The first drill hole at Key West, KWN18-01, is in progress. So far it has intersected several zones of massive to semi-massive sulphides and magnetite. In addition, a zone with sheeted quartz veins and sulphides has been intersected.
The two SE-01 drill holes were collared from the same pad and drilled at the same azimuth. Hole HLK18-01 was drilled at minus 55 degrees and HLK 18-02 at minus 43 degrees to intersect the target up dip. Both holes intersected over-100-metre zones with sulphides, magnetite and silica alteration suggesting a large mineralizing system. A third hole, HLK18-03, intersected a visually similar zone 100 metres to the south.
"Assays fromSE-01, to date, are disappointing as this VTEM target is particularly compelling.It does demonstrate however that VTEM is a very effective tool for identifying 'blind' mineralization. Soil samples and geophysical data surrounding the SE-01 target suggest potential for mineralization extends well beyond the SE-01 target. Results from the third hole will determine how we rank follow-up drilling.
"The drill rig is now testing a well-defined VTEM conductor 300 metres from the Key West open-pit gold mine. This target does not appear to have been tested previously, despite its proximity to a high-grade deposit. Obviously, it must not have been known to earlier explorer,"states Mark Kolebaba, president and chief executive officer of Adamera Minerals.
Martin St. Pierre, PGeoph, and Jim Ebisch, PGeo, are qualified persons as defined by National Instrument 43-101 reviewing data 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.
© 2018 Canjex Publishing Ltd. All rights reserved.