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Adamera Minerals Corp
Symbol ADZ
Shares Issued 134,066,928
Close 2018-09-11 C$ 0.04
Market Cap C$ 5,362,677
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Adamera Minerals completes three holes at Oversight

2018-09-11 09:13 ET - News Release

Mr. Mark Kolebaba reports

ADAMERA DRILLING CONTINUES IN WASHINGTON STATE

Adamera Minerals Corp. has completed three drill holes on the Oversight property near Republic, Wash. The three holes test two induced polarization (IP) anomalies near a zone where shallow high-grade gold was intercepted in two 2017 drill holes. Assays are pending.

Core from the three drill holes intersected disseminated to veined sulphides in variably silicified zones. This style of mineralization resembles that within adjacent drill holes OS17-01 and OS17-03, both of which yielded high-grade gold in 2017.

Core from the first two holes, OS18-01 and OS18-02, has been submitted to the laboratory. The third hole will be assayed after the core has been logged and sampled.

The selected photographs of core from drill hole OS18-03 (see the company's website) show the sulphides that are believed to be the source of the targeted IP (induced polarization) anomaly. Assays will determine if the sulphides are gold bearing.

The first two drill holes OS18-01 and OS18-02 were drilled at an angle of minus 50 degrees to the west and east, respectively, to test separate IP anomalies immediately west and east of the high-grade gold zones encountered in drill holes OS17-01 and OS17-03. The two IP anomalies extend for 600 metres along strike. A third hole, OS18-03, was drilled 50 metres south of the first two holes to test a location where the IP response is strongest. A fourth hole is planned.

"IP surveying is successfully locating zones that appear prospective with respect to sulphide content and silica alteration. Being close to a former gold mine, these are high-priority targets that need to be tested," said Mark Kolebaba, president and chief executive officer of Adamera Minerals.

Drill holes OS17-01 and OS17-03 were drilled in 2017. Both holes intersected zones with disseminated to veined sulphides and silica alteration situated between the IP anomalies currently being drill tested. Gold assays from these holes include 10 grams per tonne over 1.1 metres, 6.5 grams per tonne over 2.8 metres and 15 grams per tonne over 0.3 metre (see news release dated Sept. 7, 2017).

Permitting for the current drill site and four other nearby sites on Oversight was finalized on Aug. 27, 2018. Prior to these permits being granted, Adamera attempted to test a target near the Lamefoot South property. Due to difficult drilling conditions, the hole was abandoned.

Drilling has been delayed by fire restrictions, but with recent cooler temperatures and precipitation, the restrictions should be lifted soon.

Martin St. Pierre, PGeoph, is a qualified person as defined by National Instrument 43-101 and has reviewed data associated with the project.

About Adamera Minerals Corp.

Adamera Minerals is exploring for a stand-alone high-grade gold deposit within hauling distance of an existing mill near Republic, Wash. This area has reportedly produced over six million ounces of high-grade gold. Adamera is the dominant regional explorer in the area.

We seek Safe Harbor.

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