(TheNewswire)
Vancouver, B.C. - TheNewswire - August 11, 2022 - Adamera MineralsCorp. (TSXV:ADZ ) ; ( OTC:DDNFF) announces twodrill holes on the Lamefoot South Gold property in Washington Statehave intersected sulfide mineralization. The mineralization is similarto what was intersected in Adamera’s 2021 drill hole PL-6. PL-6intersected 4.7 g/t Au over 2.7 metres, including 10.7 g/t Au over0.76 metres . The site is located 600metres south of the former Lamefoot Gold Mine.
LS22-01 intersected a 7.5 metre zone with intermittent sulfides up tothirty percent. The second hole LS22-02 intersected 13.5 metres ofintermittent sulfides, including intervals with massive sulfides. Thedrill core for the two holes is being prepared for shipping to theanalytical laboratory.
“ Our drilling hit a thicker zonewith visual sulfide mineralization, similar to our 2021 PL-6 drillintercept. The PL-6 drill hole was the only hole to test this target,these new drill hole results should give us an early indication ofwhether we might have discovered a potential ore pod. The proximity tothe former Lamefoot Mine is certainly an intriuging factor ,”states Mark Kolebaba, President of Adamera Minerals Corp. “ The drill has now moved to our Buckhorn2.0 project to test multiple targets that are permitted on thatproperty while the Lamefoot core samples are assayed.”
Adamera has identified at least 8 other geophysical / geochemicalanomalies trending north-south on the Lamefoot South property. This isof particular interest because the Lamefoot Mine reportedly developedore from 7 pods or “shoots” along a north-south trend. TheLamefoot South project is easily drilled year round . Planning isunderway to initiate drilling on these related targets later in theseason.
Prior to 2022, the spatial orientation of the mineralized zoneintersected in PL-6 was completely unknown. Preliminary review ofcombined data from the 2021 and 2022 drill holes suggestsmineralization plunges steeply to the northwest. A mise a la massesurvey is being carried out to help further define the orientation ofthe mineralization prior to further drilling.
The Lamefoot South property is located approximately 10 km fromKinross’ fully functional Kettle River Mill which is currently oncare and maintanence. The Lamefoot Mine contained approximetly 1million ounces of gold at a grade of 8 to 10 g/t.
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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 then 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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