Business
Adamera Continues Drilling at Lamefoot South Gold Project
(TheNewswire) Vancouver, B.C. - TheNewswire - March 30, 2023 - Adamera Minerals C...
About this update from Adamera Minerals Corp.
[{"type":"text","content":"Adamera Continues Drilling at Lamefoot South Gold Project\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire -\n \n \n March 30, 2023 -\n \n Adamera Minerals\nCorp.  (TSXV:ADZ\n \n )\n \n \n (\n \n OTC:DDNFF) announces that 5 drill holes have been\ncompleted on the Lamefoot South Gold Property in Northeastern\nWashington State. All holes intersected sulfide mineralization in\neither limestone or in adjacent clastic rocks. Assay results are\npending.\n \n \n The latest drill hole, LS23-05, is the first hole drilled westerly to\ntest an induced polarization (IP) anomaly situated west of recently\ndiscovered mineralization. LS23-05 intersected 30 meters (“m\")\nof highly altered rock with variable amounts of sulfides.  The\ninterval is from 4.4m depth to approximately 35m depth down hole. At\nthis ealy stage, it appears the alteration/sulfide zone identified in\nthe drill hole is unrelated to the gold mineralization identified to\nthe east.\n \n \n Sulfides in this zone are disseminated, veined and calcite\nreplacements.  At least three different types of sulfide minerals\nhave been observed during core logging. These sulfides occur as\nintergrowths and as cross-cutting veinlets.\n \n \n Clay alteration is pervasive and based on preliminary analysis,\nappears to be illite, a clay mineral commonly related to epithermal\ngold systems. Further work on the clay alteration is underway.\n \n \n “The Lamefoot South project is part of a land position that\nencompasses several past producing gold deposits.  There have been a\nfew new outcomes from this drilling.  One is the identification of\nhydrothermal alteration akin to low sulfidation epithermal style\nmineralization. Also, we have determined that IP is a very effective\ntool in targeting such mineralization and we have more targets to\ntest” says Mark Kolebaba, President and CEO of Adamera.\n \n \n Planning for a second hole into this IP zone as well as testing other\nnearby similar IP features on the property is underway. The map\nattached below shows one such feature approximately 100m along strike\nto the south.\n \n \n The Lamefoot South property is 11 kilometers by existing road to\nKinross’ Kettle River Mill which is on care and maintenanc...