Mr. Mark Kolebaba reports
IP SURVEY DEFINES TARGET UNDER HIGH-GRADE GOLD SAMPLES AT OUTLOOK RIDGE
Adamera Minerals Corp.has developed a well-defined induced polarization (IP) anomaly immediately under the Outlook Ridge prospect on the Cooke Mountain project in Washington State. The site is where Adamera collected grab samples with assays ranging from two to 64 grams per tonne gold (see Nov. 28, 2017, news release). Outlook Ridge has become a high-priority drill target for inclusion in the drilling program to begin imminently.
The classic IP anomaly is defined by moderate chargeability and moderate to low resistivity, which corroborates the presence of a zone with sulphide-bearing quartz veins and silica alteration. The zone is interpreted to be subvertical and approximately 15 metres wide near surface. Increasing chargeability with depth may suggest an increased sulphide content and/or a widening. The IP data indicate the target extends to the south for over 300 metres.
A figure available on-line shows IP pseudo-section over Outlook Ridge. The classic anomaly highlighted within the circle is coincident with high-grade gold samples at Outlook Ridge. Initial grab samples assayed 2.1 grams per tonne Au, 7.8 g/t Au, 30 g/t Au, 37 g/t Au and 64 g/t Au. An insert map available on-line shows the location of Outlook Ridge in relation to local mines shown in orange and other Adamera high-grade gold discoveries shown as red stars.
"The level of coincidence between the IP and the rock samples with high-grade gold is quite compelling. Having a possible strike length of more than 300 metres and being located between the Overlook and Key West mines makes it that much more significant,"says Mark Kolebaba, president and chief executive officer of Adamera Minerals.
Shallow vein-type stockwork mineralization accounted for a significant portion of the historical gold produced from the Overlook mine. Outlook Ridge is located between the Overlook and Key West mines, which are two kilometres apart. Surface exposure of the veins at Outlook Ridge appears to be hindered by overlying intrusive rocks.
Martin St. Pierre, PGeo, 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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