Vancouver, British Columbia / TheNewswire / February 14, 2018 - Adamera Minerals Corp. (TSX-V: ADZ) announces that the first hole on the SE-01 VTEM target at its Cooke Mountain project in Washington State is mineralized with sulfides and magnetite. The drill hole intersected a thick zone with both semi-massive and disseminated sulfides over a 120 metre core length. Mineralization consists of variable amounts of sulfides, magnetite and silica alteration from 60 to 180 metres depth downhole. The core is currently being logged and cut prior to gold fire assaying.
The hole was drilled at a dip of -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 underway.
Both sulfide and magnetite content in the core range from approximately 3% to 80%. Intense silica alteration and silica replacement as well as local sericite alteration accompany the sulfides and magnetite from 68.5 meters to 121.4 metres. Much of the interval displays complex fracturing and sulfide 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 CEO of Adamera.
Selected photos highlighting mineralogical and textural features of interest. (Click here to enlarge)
SE-01 is located approximately 4 kilometres from the Kettle River Mill.
Martin St. Pierre P.Geoph, and Jim Ebisch P. Geo, are Qualified Persons as defined by National Instrument 43-101 reviewing data associated with the project.
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 ounzes of high-grade gold. Adamera is the dominant regional explorer in the area.
On behalf of the Board of Directors,
President & CEO
Tel: (604) 689-2010
Fax: (604) 484-7143
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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.