Adamera Receives Permits from US Forest Service to Drill Outlook Ridge High-Grade Gold Target
TSX Venture Exchange: ADZ
News Release: 19-15
Adamera Receives Permits from US Forest Service to Drill Outlook Ridge High-Grade
Gold Target
Vancouver, BC, July 17, 2019- Adamera Minerals Corp. (TSX V: ADZ) announces drill permits have
been granted by the US Forest Service for the Outlook Ridge target on the Cooke Mountain Project in
Washington State.
The Outlook Ridge drill permits are in addition to permits recently granted on the Oversight, Lamefoot
South, and Goodfoot properties which provides more than 50 drill sites for testing. As Adamera advances
its exploration efforts on these targets in preparation for drilling, it is also considering potential
partnership opportunities on various projects. Adamera is in discussions with multiple companies that are
reviewing data and conducting site visits under confidentiality agreement.
The Outlook Ridge prospect is located halfway between the Overlook and Key West mines, which are
one kilometre apart . The area is intruded by overlying intrusive rocks hindering possible discovery by
historical prospecting.
The gold mineralization style targeted at Outlook Ridge is associated with vein -type “stockwork” in
clastic rocks. Stockwork related gold mineralization is a significant exp loration target in this region as it
accounts for approximately 50% of the gold mined at the adjacent Overlook Mine and approximately
90% of the gold mined at the nearby Lamefoot Mine . This mineralization is not magnetic and appears to
have been discovered accidentally while testing nearby magnetic anomalies.
“Located between two past producing mines, the IP and high-grade gold anomalies at Outlook Ridge
form a high priority drill target,” says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
“Outlook Ridge is a non-magnetic target covered by thin intrusive rocks, therefore, it is safe to assume
that previous explorers relying on magnetics and prospecting may have missed such mineralized zones.
Our current targeting methodology exposes Adamera to new and significantly larger discovery
opportunities.”
Grab samples of silica / sulfide stockwork in clastic rocks collected at the Outlook Ridge target by
Adamera yielded assays ranging from 2 to 64 g/t gold. (see figure below and news release dated
November 28, 2017).
The Outlook Ridge induced polarization ( IP) anomaly, which extends for more than 500 metres , is
characterised by moderate chargeability and moderate to low resistivity, corroborating the presence of a
zone with gold -rich sulfide bearing quartz veins and silica alteration. Based on the IP data, this zone is
interpreted to be subvertical and approximately 15 metres wide near surface. Increasing chargeability with
depth may suggest increased sulfide content and/or widening at depth. The IP anomaly at Outlook Ridge
extends to the north and south for several hundred metres.
Martin St. Pierre P. Geophysics, a Qualified Person as defined by National Instrument 43-101 has
reviewed the data associated with the projects.
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.