Adamera Reports Drilling Results
OS18-02B results are shown in the table below.
From (m) | To (m) | Gold (g/t) | Interval (m) | |
OS18-02B | 27 | 28.8 | 1.2 | 1.8 |
OS18-02B | 32.6 | 33.4 | 1.3 | 0.8 |
OS18-02B | 35.3 | 50 | 0.2 | 14.7 |
OS18-02B | 62.7 | 67.3 | 1.0 | 4.6 |
OS18-02B | 82.7 | 102.1 | 0.25 | 19.4 |
OS18-02B | 117.6 | 120.6 | 2.0 | 3.0 |
Incl. | 117.6 | 118.0 | 4.2 | 0.44 |
Table 1. Zones with anomalous gold in drill hole OS18-02B
Magnetite intersected in drill hole OS18-02B contains 4.5 times more gold on average than the magnetite zone in OS17-03 and OS17-01 to the south. At the Overlook Mine, a general increase in gold content of the magnetite typically occurs immediately adjacent to and often contributes to the high-grade zones. Arsenopyrite, which frequently correlates with high-grade gold on the property, locally forms up to 15% of the rock in OS18-02B. The presence of arsenopyrite is not noted in drill holes to the south.
"The Oversight prospect remains a valid target. Although OS18-02B did not intersect an anticipated high-grade gold zone, the overall increase in gold content and introduction of high arsenopyrite provides encouragement for further drilling. Results from drill hole OS18-04 will provide information to help complete the picture," says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
Results for drill hole LFS18-01 on the Lamefoot South prospect were also received. No significant gold bearing zones were intersected. A hole to drill the target from the opposite side is tentatively planned.
Martin St. Pierre P.Geoph, is a Qualified Person as defined by National Instrument 43-101 and has reviewed data associated with the project. Gold analysis was completed by Activation Laboratories using fire assay methods.
About Adamera
Adamera Minerals Corp. is exploring for a stand-alone high-grade gold deposit within hauling distance of an existing mill near Republic Washington. This area has reportedly produced over 6 million ounces of high-grade gold. Adamera is the dominant regional explorer in the area.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Tel: (604) 689-2010 Fax: (604) 484-7143
Email: info@Adamera.com
Website: www.Adamera.com
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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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