Mr. Mark Kolebaba reports
ADAMERA MINERALS 2017 PRESIDENT'S LETTER
In conjunction with the annual general meeting ofAdamera Minerals Corp.on Thursday, Feb. 22, 2018, Mark Kolebaba, president and chief executive officer, has issued a president's letter to the shareholders detailing corporate and exploration activities in 2017. A technical overview of the projects will be presented at the meeting. The president's letter is available for viewing on the company's website.
In the letter Mr. Kolebaba discusses the 2017 exploration year and plans for 2018.Highlights of the letter include:
Development of the SE-01 target which is currently being drill tested.The initial drill holeintersectedboth semi-massive and disseminated sulphides over a 120-metre core length. A second drill hole has since been completed. Gold assays are pending; Drill intersection of high-grade gold (9.6 grams per tonne gold over 10.9 metres and 9.9 g/t gold over 2.1 metres)northwest of the Overlook gold mine. This may represent a new discovery;Drill intersection of shallow high-grade gold (6.5 g/t gold over 2.8 metres) associated with silica alteration at Oversight southeast of the Overlook gold mine. Importantly the company identified large areas with similar potential;Discovery of high-grade gold surface outcrops on Outlook Ridge. Rock sample assays of interest range from two to 64 g/t gold;Development of the Goodfoot property and a number of targets having similar geological features to the past-producing Lamefoot gold mine on strike two kilometres to the north;The generation of new targets in and around the former Key West and Key East gold mines;The collection of nearly 11,000 soil samples and approximately 700 kilometres of ground magnetic data. Combined with more detailed geological mapping and ground geophysics a large number of new targets require follow-up.
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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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