Adamera Intersects More Gold Mineralization at Overlook
TSX Venture Exchange: ADZ
News Release: 17-23
Adamera Intersects More Gold Mineralization at Overlook
Vancouver, British Columbia, November 22, 2017 - Adamera Minerals Corp. (TSX-V: ADZ)
announces that drill hole OS17-07 has intersected two mineralized zones west of the Overlook Gold Mine
in Washington State. Drill hole OS17-07 highlights an upper zone that assayed 2.9 g/t gold over 2 metres
and a lower zone of 2.4 g/t over 5.7 metres including a 5.84 g/t interval (See Table below). These
intersections are approximately 35 metres northeast of drill hole OS17-06 which intersected upper and
lower mineralized zones assaying 9.9 g/t gold over 2 metres and 9.6 g/t over 10.9 metres, respectively
(See News Release dated October 24, 2017).
Table 1.
The hole was drilled at an angle of -83o True widths are not yet determined.
The lithologies intersected in drill hole OS17-07 correlate well with lithologies encountered in drill hole
OS17-06. Voids and fragmented rock encountered immediately above the upper mineralized zone in both
drill holes may be related to past mining activity. More importantly, the high-grade “Deep Overlook”
zone, which is separated from the upper zone, by unmineralized limestone shows no evidence of previous
mining and lies below the level of most of the Overlook Mine workings. Deep Overlook may represent a
completely new zone of high-grade gold mineralization that is essentially unexplored, notwithstanding its
proximity to the old Overlook Mine.
Adamera has identified additional drill hole locations to extend the Deep Overlook mineralized zone and
is currently seeking clarification on the precise location of the Overlook mine workings to minimize the
difficulties of drilling though old workings when targeting the Deep Overlook zone below. In addition to
these upcoming holes to expand Deep Overlook, the Company is also planning to drill the SE-01 and Key
West North targets once permits are granted. These permits are expected shortly. Not withstanding
periodic snowfalls, drilling can be conducted year round in this area. Separate news releases detailing the
drill targeting for SE-01 and Key West North will be issued in the coming weeks.
The combination of new gold intercepts from drill holes OS17-06 and OS17-07 related to the VTEM
conductor at depth and the shallow silica altered high-grade gold intercepts from drill holes OS17-01 and
OS17-03 (see news release dated September 7, 2017), suggest significant new targets at Overlook. The
shallow and deep targets present separate and distinct styles of gold mineralization and both appear to
Drill hole From (m) To (m) Interval (m) Gold (g/t)
OS17-07 192.4 198.7 6.3 1.35
OS17-07 209.07 211.12 2.1 2.9
OS17-07 217.22 222.91 5.7 2.4
incl.
1.3 5.84
have good scale potential based on Adamera’s recent work. An extensive drill program to test both deep
and shallow forms of mineralization is being planned.
“This is the second intersection of gold mineralization west of the Overlook Mine in association with the
VTEM conductor. While hole OS17-07 intersected less gold than OS17-06, the difference certainly falls
within the variability range of this type of deposit. More importantly, this hole confirms the existence of
the new Deep Overlook zone of mineralization that is undefined and unmined. This is early days for Deep
Overlook and an intercept of 9.6 g/t gold over 10.9 metres from drill hole OS17-06 has given us a great
deal of optimism for this new zone. The VTEM anomaly that we believe represents Overlook extends 300
metres in both the northwest and southeast directions from the Overlook Mine workings and is an
obvious priority target for continued drilling,” states Mark Kolebaba President and CEO of Adamera.
Results from additional holes drilled by the Company in 2017 are pending.
Martin St. Pierre P.Geoph, a Qualified Person as defined by National Instrument 43-101 has reviewed the
data in this release.
About Adamera
Adamera Minerals Corp. is exploring for high-grade gold within hauling distance of the operating Kettle
River Mill in Northeastern Washington State. While the existing third-party mill and superior logistics
allow a smaller resource to be potentially economic, Adamera’s primary goal is the discovery of a large
stand-alone high grade gold deposit. Adamera is the dominant regional exploration company 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.