DDNFF - Adamera Reports 12.2 g/t Gold on Cook Mountain Project
(TheNewswire)
Vancouver, B.C., - TheNewswire - February 7, 2022 - Adamera Minerals Corp. (TSXV:ADZ;OTC: DDNFF) announces a high-grade gold intersection in the Overlook areaof the Cook Mountain project in Washington State. Drill hole OLV6intersected 3.05 metres with 6.5 g/t Au including a 1.52 metre zonewith 12.2 g/t Au. The program was operated byAdamera and funded by Hochschild Mining Ltd(HOC: LON).
Drill hole OLV6 was designed to test an inducedpolarization (IP) anomaly and gold in outcrop at the Outlook Ridgeprospect. The high-grade intersection occurs from 239.57 to 242.62metres down hole and is located approximately halfway between theOverlook and the Key West Mines which are 1000 metres apart (see map).The Overlook and Key West Mines were mined by Echo Bay in the early1990’s and are reported to have produced about 500,000 ounces ofgold at an average grade of about 5 g/t.
Map showing Location of OLV6relative to the Overlook and Key West Mines
The 12.2 g/t Au intersection occurs in clastic rocksapproximately 122 metres above the limestone contact and projects tosurface along a topographic / vegetation lineament between the two mines. At the clastic-limestone contact, a6.2 metre interval with 0.7 g/t Au was intersected including 1.13g/tAu over 2.44 metres and 1.3 g/t Au over 1.5 metres.
The map shows the distribution of historic drill holesknown to Adamera. The circle delineates an area lacking drill holeinformation and represents an area of interest to the company.
The IP response for this target appears to be relatedto veined and disseminated sulfides throughout the drill hole. Inaddition to the gold bearing zones described above, several additionalzones with elevated gold were encountered, including an interval with0.41 g/t Au over 11.9 metres from 3.35 metres to 15.24 metres,incorporating a 1.5 metre interval with 1.03 g/t Au. This shallowmineralization is assumed to be related to the gold in outcrop.
“W eintersected high-grade gold mineralization along trend and midwaybetween two past producing mines. We also intersected multipleintervals with lower grade gold over meaningful widths. What is mostsurprising is the lack of past drilling in this area. We can onlyassume that drilling was focused around the immediate area of themines, ” says Mark Kolebaba President and CEOof Adamera Minerals Corp.
These mineralized zones are being reviewed inconjunction with other available datasets in the area and hastriggered a more comprehensive evaluation of the Overlook / Key Westmine district. This evaluation will incorporate several otherhigh-grade intercepts to the north and south of the OLV6 drill hole todetermine an appropriate drill program.
Gordon Gibson P.Geo, a Qualified Person as defined by NationalInstrument 43-101, has reviewed data associated with the project.
About Adamera
Adamera Minerals Corp. is exploring for a high-gradegold deposit near Republic Washington. This area has reportedlyproduced 8 million ounces of gold. Adamera is the dominant regionalexplorer in the area.
On behalf of the Boardof Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com
The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy oraccuracy of this release. Statements in this press release, other thanpurely historical information, including statements relating to theCompany’s future plans and objectives or expected results, mayinclude forward-looking statements. Forward-looking statements arebased on numerous assumptions and are subject to all of the risks anduncertainties inherent in resource exploration and development. As aresult, actual results may vary materially from those described in theforward-looking statements.
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