(TheNewswire)
Vancouver, B.C.,- TheNewswire - October 6, 2022 - Adamera MineralsCorp. (TSXV:ADZ ) ; ( OTC:DDNFF) announces a high-grade goldintersection assaying 10.51 g/t gold over 4.4 metres on theLamefoot South gold property in Washington State. Drill hole LS22-02includes two contiguous assays with 14.31 g/t Au over 1.22 metres andthe other 21.24 g/t Au over 1.07 metres. The site is located 540metres southeast of the former Lamefoot Gold Mine.
Two initial follow up holes were drilled at PL-6, the 2021 discoverydrill hole that intersected 4.7 g/t gold over 2.7 metres including10.7 g/t gold over 0.76 metres. (see release November 9, 2021). The2022 drilling was successful in confirming the gold mineralization anddetermining the orientation of the mineralized zone. Drill holeLS22-02 suggests gold grades and mineralized width increase with depthin a rod-shaped zone plunging and widening to the northwest. LS22-01may be off-axis, defining a tentative southwestern limit. Results fordrill holes LS22-01 and LS22-02 are listed below.
Hole | From (m) | To (m) | Interval | Au (g/t) |
LS22-02 | 29.57 | 33.99 | 4.4 | 10.51 |
incl. | 29.57 | 30.94 | 1.37 | 4.54 |
incl. | 31.70 | 32.92 | 1.22 | 14.31 |
incl. | 32.92 | 33.99 | 1.07 | 21.24 |
LS22-01 | 23.01 | 24.53 | 1.52 | 1.52 |
27.43 | 28.65 | 1.22 | 0.45 |
True thickness not yet known
“ We consider this to be a newdiscovery for Adamera. I am strongly encouraged by the similaritiesobserved between the past producing Lamefoot Mine ore bodies and ournew discovery; this makes sense given their close proximity.” says Mark Kolebaba, President and CEO of Adamera Minerals Corp.“ By using our multi-layered dataapproach and new geological model we have recognized a new unexposedmineralized zone that was clearly missed by past explorers . We believe we have a combination oftargeting methods that will make exploration going forward moreefficient and increase our drilling success.”
The Lamefoot Mine (figure 1, below) consisted of 7 pods or ore zonesalong the north-south trending limestone-clastic contact that combinedto total nearly a million ounces of gold at a grade of 8 to 10 g/t. There is little public domain data on Lamefoot, but a recentlyacquired long section of the mine shows the seven related but separateore zones. They appear to be steeply plunging pipe-like bodies withsignificant depth extent.
Figure 1- Long section showsmultiple pods or zones of unexposed mineralization (credit, Echo Bay 1991)
As a prelude to the 2022 drill testing, Self-Potential (SP) surveyswere carried out to look for sulphide concentrations in the areaaround PL-6. The latest drill results show a clearcorrelation between sulphide abundance and increased gold gradeconfirming our targeting methodology going forward. Adamera hasidentified numerous targets with coincident geophysical andgeochemical anomalies similar to the anomaly associated with the PL-6mineralized zone along the prospective geological contact on theLamefoot South property. Initial drilling of such targets requiresclosely spaced drill holes to determine the orientation of themineralization prior to broader drill hole spacing.
Figure 2- Self Potential survey withgold in soils – Numerous targets to be tested similar to PL-6
The massive sulphide intercept in hole LS22-02, was later utilized fora mise a la masse survey.Mise a la masse surveys can be used to help map the subsurfacegeometry of a sulphide zone by applying current directly to it. Inthe case of LS22-02, the survey appears to show a steeply plungingzone with possible sulphides.
Figure 3 - Mise a la masse data identifies a zone ofinterest (in blue) that requires significant testing. The black linerepresents the axis of maximum intensity.
Additional drilling on Lamefoot South is expected to continue in theupcoming weeks. Lower elevation and excellent road access allow foryear round drilling at Lamefoot South.
The Lamefoot South property is located approximately 11 km, byexisting road, from the Kinross’ Kettle River Mill which iscurrently on care and maintenance.
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 more than 8 million ounces of gold. Adamera is the dominantregional explorer 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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