ADZ:CC - Adamera Continues Drilling at Lamefoot South Gold Project
(TheNewswire)
Vancouver, B.C. - TheNewswire - March 30, 2023 - Adamera MineralsCorp. (TSXV:ADZ ) ( OTC:DDNFF) announces that 5 drill holes have beencompleted on the Lamefoot South Gold Property in NortheasternWashington State. All holes intersected sulfide mineralization ineither limestone or in adjacent clastic rocks. Assay results arepending.
The latest drill hole, LS23-05, is the first hole drilled westerly totest an induced polarization (IP) anomaly situated west of recentlydiscovered mineralization. LS23-05 intersected 30 meters (“m")of highly altered rock with variable amounts of sulfides. Theinterval is from 4.4m depth to approximately 35m depth down hole. Atthis ealy stage, it appears the alteration/sulfide zone identified inthe drill hole is unrelated to the gold mineralization identified tothe east.
Sulfides in this zone are disseminated, veined and calcitereplacements. At least three different types of sulfide mineralshave been observed during core logging. These sulfides occur asintergrowths and as cross-cutting veinlets.
Clay alteration is pervasive and based on preliminary analysis,appears to be illite, a clay mineral commonly related to epithermalgold systems. Further work on the clay alteration is underway.
“The Lamefoot South project is part of a land position thatencompasses several past producing gold deposits. There have been afew new outcomes from this drilling. One is the identification ofhydrothermal alteration akin to low sulfidation epithermal stylemineralization. Also, we have determined that IP is a very effectivetool in targeting such mineralization and we have more targets totest” says Mark Kolebaba, President and CEO of Adamera.
Planning for a second hole into this IP zone as well as testing othernearby similar IP features on the property is underway. The mapattached below shows one such feature approximately 100m along striketo the south.
The Lamefoot South property is 11 kilometers by existing road toKinross’ Kettle River Mill which is on care and maintenance. Drillhole LS23-05 is located approximately 500m from the past producingLamefoot gold mine to the northwest. The Lamefoot deposit is locatedalong a limestone clastic sedimentary contact and contained nearly amillion ounces of gold at a grade of 8 to 10 g/t.
Gordon Gibson P.Geo, a Qualified Person as defined by NationalInstrument 43-101, has reviewed data associated with this project.
Figure shows positions of two IPanomalies (in Red) in relation to a zone defined by modelled goldvalues from drill results (in Yellow). Both IP anomalies arecoincident with self-potential anomalies and supported by nearby soilgeochemistry.
Adamera Minerals Corp. is exploring for high-grade golddeposits near Republic Washington. This area has reportedly produced 8million ounces of gold. Adamera is the dominant regional explorer inthe area.
On behalf of the Boardof Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com
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