Adamera Advances the Poland-China Gold Project in Washington State
(via Thenewswire.ca)
Vancouver, BC, May 24, 2013 - Adamera Minerals Corp. (TSX V: ADZ)
announces that it has completed detailed mapping and sampling of the
historic accessible mine workings on the 100% owned Poland China gold
project in Washington State. The data from the geological mapping
considerably modifies and advances the company's exploration model for
the property. During the program two additional historic workings have
been identified suggesting that gold mineralization is more
widespread. Assay results are pending.
This new mapping information provides a geological relationship
between the 2012 trench results and the historic mine 55 metres to the
northeast. Trenching in 2012 uncovered a zone assaying 5 g/t gold over
10 metres including a 1.5 metre sample that assayed 20 g/t gold. In
addition to mapping, work progress includes:
1)More than 60 rock samples collected and submitted for assay and
multi-element analysis;
2)More than 650 surface sediment "soil" samples collected,
analysis underway
3)Detailed VLF-EM survey has been initiated and is currently underway
"The work recently completed by our geological team provides
considerable insight to the structural and stratigraphic controls of
gold mineralization on the property and as a result the size potential
increases significantly. This refined geological model now provides
clear targets for drilling," says Mark Kolebaba, President and
CEO of Adamera Minerals Corp.
Field crews have identified additional historic mine workings in two
locations on the property not previously known to the company. The
workings at a site nearly 2 kilometres north of the Poland China Mine
are the most extensive on the property with the exception of the
Poland China Mine and include at least 30 metres of tunnels into
graphitic argillite similar to rocks at the Poland China Mine. An adit
located 500 metres west along strike of the Poland China mine has also
been identified. Samples from these old exploration adits and mine
workings will provide valuable information and will be assayed for
gold.
Adamera Minerals
Adamera's strategy is to delineate a high-grade gold deposit near the
Kinross Kettle River gold mill, located only 80 km from the property.
The mill is currently operating at half capacity with ore shipped 70
kilometres from their 1.3 million ounce Buckhorn mine. Average grade
of the Buckhorn mine is 11.3 g/t gold and production costs are
reported to be between $400 and $500 per ounce. With the Buckhorn mine
having only 3-4 years mine life remaining, Adamera is determined to
discover a high grade gold deposit close to the Kinross
infrastructure.
Poland China Mine
The Historic Poland China Gold Mine is located approximately 10
kilometres from the Kinross Buckhorn gold mine and less than 80
kilometres, by existing road, to the Kinross Kettle River mill. Poland
China is considered to be a sedimentary hosted gold deposit.
The vein mined at Poland China is hosted within brecciated graphitic
argillite and has a reported grade of 8.2 g/t to 12.7g/t gold over an
average mining width of 2.1 metres. Graphite is considered important
at Poland China as it may have formed a reducing chemical environment
causing gold to precipitate.
A VLF-EM survey carried out by Adamera identified numerous conductors
that appear to be related to graphite rich beds. Trenching across a
VLF-EM anomaly with a coincident gold anomaly in soil exposed a
graphite rich zone with quartz veining and pyrite. Within this zone,
gold assayed 5 g/t over 10 metres including a 1.5 metres sample that
assayed 20 g/t gold*. Old workings in the Poland China mine with
similar north-south orientations suggest further evidence for
north-south oriented mineralization possibly related to the graphite
beds.
The 2013 program is designed to assess the company's current
geological model as well as identify and test targets to demonstrate
size potential for the property.
*The excavator could not reach bedrock over a 1.5 metre zone adjacent
to the 20 g/t sample. This un-sampled portion was arbitrarily assigned
a gold value of zero as it could not be assayed.
Graham Gill P.Geo and Bruce Kienlen P.Geol are the Qualified Persons
as defined by National Instrument 43-101 and are responsible for
overseeing exploration activity and reviewing data collected on the
project. The historical data is from private reports and has not been
verified by the Company, however, it appears to have been completed
under standard best practices consistent with the time and appears to
be of reasonable quality.
Please join us May 26-27 at the World Resource Investment Conference
and also follow us on twitter @ADZ_Adamera for updates and
information.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Heather Kays
Manager, Corporate Communications
Tel: (604) 689-2010
Fax: (604) 484-7143
Email: info@Adamera.com
Website: www.Adamera.com
Twitter: @ADZ_Adamera
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy
of this release. Statements in this press release, other than purely
historical information, including statements
relating to the Company's future plans and objectives or expected
results, may include forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all of
the risks and uncertainties inherent in resource exploration and
development. As a result, actual results may vary materially from
those described in the forward-looking statements.
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