ORIGINAL: Adamera Completes Re-drill of High Grade Drill Hole at Oversight Property - Follow up Drill Hole Now Underway
2018-12-04 07:31 ET - News Release
ADZ Close 2018-12-03 C$ 0.09
(via TheNewswire)
Vancouver, B.C., December 4, 2018 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF) announces the completion of drill hole OS18-02B, drilled to test the extension of hole OS18-02 that intersected 19.4 g/t gold over 1.07 metres at the bottom of the hole. That hole terminated at 79.3 meters 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 sulfides and/or sulphide rich magnetite close to the predicted depth of 78.76 down to 108.5 metres. A 4 metre zone of massive to semi-massive sulfides 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 3 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 CEO of Adamera Minerals Corp.
Drill holes OS18-02 and OS18-02B are the northern most 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 towards the north.
3D 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 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.
"these posts are not of a licensed investment advisor or analyst nor does he give out buy, sell or hold advice to anyone"
