Adamera Continues to Intersect Gold Mineralization at Oversight
TSX V: ADZ; OTC: DDNFF
News Release: 21
Adamera Continues to Intersect Gold Mineralization at Oversight
Vancouver, B.C., October 25, 2018 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF)
announces drill hole OS18-03 on the Cooke Mountain project in Washington State intersected two gold
bearing zones. The hole was drilled 50 metres south of OS18-02 along the same north-south trending
induced polarization (IP) anomaly.
The upper intercept assayed 1.6 g/t gold over 0.45 metres at a depth of 12.2 metres. The lower intercept
was 1.1 g/t gold over 2.35 metres at a downhole depth of 29.75 metres, including two narrow intervals
with 3.0 g/t gold (see table below). The hole did not intersect the high grade mineralization seen at the
bottom of drill hole OS18-02 to the north (19.4 g/t gold over 1.07 metres - see news release dated
September 26, 2017).
The high-grade intercept in OS18-02 will be redrilled as soon as the current drill hole at Lamefoot South
is finished. The Lamefoot South hole was positioned on a separate target area pending assay results from
the OS18-02 and OS18-03. The rationale for redrilling the hole is twofold: firstly, to determine the full
width of the high grade zone and secondly, to better define the structural controls to that mineralization.
The Company continues to support the application of IP to define broad target zones for drilling. Drill
hole OS18–03 intersected a significant semi-massive sulphide-magnetite zone that unfortunately was low
in gold. Similar mineralization is however gold-bearing elsewhere at Oversight-Overlook. (To view a
short video please click here)
“Our data has identified a large untested area southeast of the Overlook Gold Mine that begins
immediately north and east of drill hole OS18-02. It appears the potential of this area was missed
because historic exploration drilling focused on testing magnetic anomalies, not non-magnetic sulphides
as was intersected in OS18-02”, says President and CEO Mark Kolebaba.
Table 1. Gold Assays for drill holes OS18-03
Drill hole From To Interval (m) g/t Au
OS18-03 12.22 12.67 0.45 1.6
OS18-03 29.75 32.10 2.35 1.1
Incl. 29.75 30.14 0.39 3.0
Incl. 31.77 32.10 0.33 3.2
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: [email protected]
Website: www.Adamera.com
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.