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Adamera Minerals Corp.
Summary
| Project: | Cooke Mountain | |
|---|---|---|
| Deposit: | Oversight | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/16/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-1-2019: Adamera Minerals Corp. announces an Exploration/Drilling Update report for its Oversight deposit at the Cooke Mountain project. Drilling results incl. 3.0m @ 2g/t Au from 117.6m. Vancouver, B.C., January 15, 2019 - Adamera Minerals Corp. (TSX V | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Martin St. Pierre (Not stated) | |
| ABSTRACT: | Vancouver, B.C., January 15, 2019 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF) reports laboratory results for drill hole OS18-02B at the Oversight Project in Washington State. The hole is a redrill of drill hole OS18-02 announced on September 26, 2018. A number of lower grade gold intercepts were returned. Results from OS18-04 drilled further to the north are pending. Magnetite intersected in drill hole OS18-02B contains 4.5 times more gold on average than the magnetite zone in OS17-03 and OS17-01 to the south. At the Overlook Mine, a general increase in gold content of the magnetite typically occurs immediately adjacent to and often contributes to the high-grade zones. Arsenopyrite, which frequently correlates with high-grade gold on the property, locally forms up to 15% of the rock in OS18-02B. The presence of arsenopyrite is not noted in drill holes to the south. “The Oversight prospect remains a valid target. Although we did not intersect the anticipated high-grade gold zone, an increase in the overall gold content and introduction of high arsenopyrite provides encouragement for further drilling. Results from drill hole OS18-04 will provide information to help complete the picture,” says Mark Kolebaba, President and CEO of Adamera Minerals Corp. Results for drill hole LFS18-01 on the Lamefoot South prospect were also received. No significant gold bearing zones were intersected. A hole to drill the target from the opposite side is tentatively planned. Martin St. Pierre P.Geoph, is a Qualified Person as defined by National Instrument 43-101 and has reviewed data associated with the project. Gold analysis was completed by Activation Laboratories using fire assay methods. | |
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