Mr. Mark Kolebaba reports
ADAMERA COMPLETES RE-DRILL OF HIGH GRADE DRILL HOLE AT OVERSIGHT PROPERTY - FOLLOW UP DRILL HOLE NOW UNDERWAY
Adamera Minerals Corp.
has completed drill hole OS18-02B, drilled to test the extension of hole OS18-02 that intersected 19.4 grams per tonne gold over 1.07 metres at the bottom of the hole. That hole terminated at 79.3-metre depth.
Hole OS18-02B twinned hole OS18-02 and was drilled to a total depth of 138.87 metres. Split drill core samples from this hole have been submitted to the laboratory for fire assay.
The new drill hole OS18-02B intersected multiple zones of sulphides and/or sulphide-rich magnetite close to the predicted depth of 78.76 down to 108.5 metres. A four-metre zone of massive to semi-massive sulphides was intersected from 117.56 to 121.52 metres. The gold content of the mineralized zones is unknown.
"The top of the new drill intercept that is visually similar to the interval with 19.4 g/t gold over 1.07 metres in hole OS18-02 measures approximately three metres. Below this zone the drill core is mineralogically quite different from anything the company has previously intersected on the property. At this juncture all that can be said is that the core looks promising. We are now drilling a follow-up hole further north along the presumed strike," says Mark Kolebaba, president and chief executive officer of Adamera Minerals.
Drill holes OS18-02 and OS18-02B are the northernmost drill holes in a cluster of holes that were designed to test a strong magnetic high anomaly southeast of the Overlook mine. Drilling results from the cluster indicates an increase in gold grades and intercept frequency toward the north.
Three-dimensional modelling and numeric interpolation of grade data from approximately 94 drill holes on or near the Overlook mine has predicted a priority area immediately east and northeast of drill hole OS18-02.
Martin St. Pierre, PGeoph, 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 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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