(TheNewswire)
Vancouver, B.C. - TheNewswi re - April 04, 2022 - Adamera Minerals Corp. (TSX V: ADZ )( OTC: DDNFF) announces high-grade copper and silver samples from the 2021exploration program on its 100 % owned Talismancopper-silver-lead-zinc project in Washington State. Outcrop sampleshave yielded several results, including 4.6% copper and +1000 g/tsilver (See Table 1 and Figure 1 below).
The historic Talisman Mine is located 90 kilometresfrom the Teck Resources smelter in Trail, B.C. A new prospect, called“New Talisman” is located 500 metres southwest of the historicTalisman copper-zinc-silver mine. The mineral claims straddle theUSA-Canada border near Laurier, Washington.
“ Adamera’sfocus is gold however with current metal prices we don’t overlookother opportunities within our portfolio. The mineralizationdiscovered near the Talisman Mine clearly warrants additional work. Weare considering options to advance the project including partneringwith a base metal focused company, ” says MarkKolebaba President and CEO of Adamera.
The 2021 field program included mapping, prospecting,sampling and geophysical surveying. The work identifies zones ofpreviously undocumented mineralization that demonstrate explorationpotential. New data generated during the 2021 program has led thecompany to reevaluate the deposit model for Talisman. Once this is newmodel is complete, a news release describing the model and itsimplications for exploration and scale potential will be issued. Someof the zones could be rapidly advanced to drill testing. Key findingsfrom the program include:
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New Talisman mineralization is exposed intermittentlyover an area measuring more than 800 x 1100 metres within a westerlytrending, gently dipping metasedimentary unit.
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Identification of new mineralized stratigraphichorizons increasing the scale potential of the mineralizedsystem.
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High grade mineralization occurs within a broad zonewith active magnetics and is locally associated with strong magneticlows
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Sulfide mineralization includes bornite, chalcopyrite,sphalerite, galena, and pyrite in association with magnetite andsilver bearing minerals.
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No previous drilling has been conducted near the newmineralized zones.
With current metal prices and proximity to Teck’ssmelter in Trail BC, Adamera considers this project to be a strategicland holding. A recommended follow up program would include a groundelectromagnetic survey to outline massive to semi-massive sulfidemineralization. Drilling would follow to determine the sulfidedistribution and grade at depth.
Jim Ebisch, geologist(P.GEO) with Adamera Minerals states, “This prospect has many characteristicssimilar to the stratabound copper-silver deposits located in thecopper sulfide belt in northwest Montana. I have worked extensivelyand completed a Masters Thesis on one of those occurrences. Examplesof this type of copper-silver deposit are the Hecla owned Montanore,Rock Creek and Troy deposits. The NewTalismanProspect has similar potential and should be advanced.
Sample | Ag (ppm) | Cu (%) | Pb (%) | Zn (%) | Bi (ppm) | W (ppm) |
1 | 55.7 | 0.73 | 0.44 | 0.01 | 133 | 200 |
2 | 2.3 | 0.05 | 0.04 | 0.01 | 4 | 0 |
3 | 138 | 0.06 | 0.79 | 0.11 | 413 | 0 |
4 | 31.4 | 0.003 | 1.09 | 0.14 | 79 | 166 |
7 | 55.9 | 4.60 | 0.21 | 0.14 | 29 | 0 |
8 | >1000 | 0.004 | 12.80 | 0.01 | 2830 | 200 |
9 | 4.3 | 0.55 | 0.004 | 0.01 | 2 | 0 |
10 | 8.1 | 4.41 | 0.01 | 0.30 | 13 | 0 |
11 | 6.8 | 2.80 | 0.002 | 0.50 | 1 | 0 |
12 | 12 | 1.14 | 0.005 | 0.01 | 1 | 0 |
Table 1. Selected grab sampleshighlighting anomalous to high-grade values. The 1000 g/t Ag is abovedetection limit of the analytical method and requires additionalanalysis to determine exact amount of Ag.
Figure 1 Shows ground magnetic dataon part of the Talisman property. Silver and copper values are plottedfor selected samples shown as small white circles. The Talisman Mineis referenced by the white square.
Jim Ebisch P.Geo, a Qualified Person as defined byNational Instrument 43-101, assists with reviewing data associatedwith the project.
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
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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