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Adamera Minerals Corp.
Summary
| Project: | Cooke Mountain | |
|---|---|---|
| Deposit: | Overlook Conductor | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 11/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-11-2017: Adamera Minerals Corp. announces an Exploration/Drilling Update report for its Overlook Conductor deposit at the Cooke Mountain project. Drilling results incl. 5.7m @ 2.4g/t Au from 217.22m. Vancouver, British Columbia, November 22, 2017 - Ada | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin St. Pierre (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia, November 22, 2017 - Adamera Minerals Corp. (TSX-V: ADZ) announces that drill hole OS17-07 has intersected two mineralized zones west of the Overlook Gold Mine in Washington State. Drill hole OS17-07 highlights an upper zone that assayed 2.9 g/t gold over 2 metres and a lower zone of 2.4 g/t over 5.7 metres including a 5.84 g/t interval (See Table below). These intersections are approximately 35 metres northeast of drill hole OS17-06 which intersected upper and lower mineralized zones assaying 9.9 g/t gold over 2 metres and 9.6 g/t over 10.9 metres, respectively (See News Release dated October 24, 2017). The lithologies intersected in drill hole OS17-07 correlate well with lithologies encountered in drill hole OS17-06. Voids and fragmented rock encountered immediately above the upper mineralized zone in both drill holes may be related to past mining activity. More importantly, the high-grade “Deep Overlook” zone, which is separated from the upper zone, by unmineralized limestone shows no evidence of previous mining and lies below the level of most of the Overlook Mine workings. Deep Overlook may represent a completely new zone of high-grade gold mineralization that is essentially unexplored, notwithstanding its proximity to the old Overlook Mine. Adamera has identified additional drill hole locations to extend the Deep Overlook mineralized zone and is currently seeking clarification on the precise location of the Overlook mine workings to minimize the difficulties of drilling though old workings when targeting the Deep Overlook zone below. In addition to these upcoming holes to expand Deep Overlook, the Company is also planning to drill the SE-01 and Key West North targets once permits are granted. These permits are expected shortly. | |
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