Mr. Mark Kolebaba reports
ADAMERA DRILLING CONFIRMS SULFIDE MINERALIZATION AT SE-01 - FOLLOW UP DRILLING UNDERWAY
Adamera Minerals Corp.'s first hole on the SE-01 VTEM target at its Cooke Mountain project in Washington State is mineralized with sulphides and magnetite.The drill hole intersected a thick zone with both semi-massive and disseminated sulphides over a 120-metre core length.Mineralization consists of variable amounts of sulphides, magnetite and silica alteration from 60- to 180-metre depth downhole.The core is currently being logged and cut prior to gold fire assaying.
The hole was drilled at a dip of minus 55 degrees, approximately perpendicular to the strike of the VTEM anomaly.The true width of the intercept is not yet known and will be better defined by a second hole which is currently under way.
Both sulphide and magnetite content in the core range from approximately 3 per cent to 80 per cent.Intense silica alteration and silica replacement as well as local sericite alteration accompany the sulphides and magnetite from 68.5 metres to 121.4 metres.Much of the interval displays complex fracturing and sulphide veining.
"While we won't know if this drill hole represents a discovery until we receive assays, it is at the very least a clear vindication of our greenfields targeting program.The intensity of hydrothermal alteration and the proximity of the mineralization to the Republic graben margin gives me every reason to be optimistic about the potential outcome," says Mark Kolebaba, president and chief executive officer of Adamera.
SE-01 is located approximately four kilometres from the Kettle River mill.
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.
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