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Adamera Defines High Priority Target Near Overlook Deposit

(via Thenewswire.ca) Vancouver, BC / TheNewswire / June 9, 2016 -- Adamer...

articleAdamera Minerals Corp.June 9, 20164/company/adamera-minerals-corp/news/adamera-defines-high-priority-target-near-overlook-deposit
Adamera Defines High Priority Target Near Overlook Deposit

About this update from Adamera Minerals Corp.

[{"type":"text","content":"Adamera Defines High Priority Target Near Overlook Deposit(via Thenewswire.ca)\n \n \nVancouver, BC / TheNewswire / June 9, 2016 -- Adamera Minerals Corp. (TSX V: ADZ) announces it has defined a high priority drill target on its Oversight property in Washington State. Drilling plans are underway.\n\n\n \nA recent airborne geophysical survey conducted on Adamera's Oversight property identified a high priority anomaly partially coincident with a previously identified significant soil geochemical anomaly. A similar distinctive geophysical anomaly was also identified over the previously mined Overlook gold deposit. That anomaly extends well on to Adamera's Oversight property. \n\n\n \nAdamera's new high priority drill target is located approximately 100 metres south of the Overlook mine and is coincident with a strong gold, copper and arsenic soil geochemical anomaly, much like the geochemistry of soil samples near the known Overlook deposit. The new anomalous area may therefore represent similar mineralization. This new target does not appear to have been drilled in the past.\n\n\n \nThe Stargate II geophysical survey system which utilizes airborne audio magnetotelluric (AMT) technology was deployed by Earth Science Services Corporation of Oshawa, Ontario. Simplified geophysical anomaly locations were supplied by Glenn Galata of Earth Science Services. The Stargate II, system is in developmental / pre-commercial stage and was deployed on the property at no cost to Adamera.\n\n\n \nMark Kolebaba President and CEO of Adamera states \"The effectiveness of this survey is yet to be determined by the Company. However, the fact that it appears to have detected the known Overlook gold deposit and a second anomaly over our most significant soil anomaly on the property is very compelling.\" Kolebaba further states \"Adamera did not provide Earth Science Services any geological or geochemical location data. Thus the anomaly appears to be a discrete, independently identified target, and we are excited to explore it further.\" \n\n\n \nOversight Property Background\n\n\n \nThe Oversight property is 100% owned by Adamera and is located within the Cooke Mountain Mining District of Washington State. Mining in the area in the 1990's by Echo Bay produced approximately 1 million ounces of gold at average grades reported to be 5.5 to 7.5 g/t. Oversigh...

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