Business
Adamera drilling to follow up on Oversight success - Drilling to follow on VTEM targets
(via TheNewswire) Vancouver, British Columbia / TheNewswire / September 25, 2017 - ...
About this update from Adamera Minerals Corp.
[{"type":"text","content":"Adamera drilling to follow up on Oversight success - Drilling to follow on VTEM targets(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / September 25, 2017 - Adamera Minerals Corp. (TSX-V: ADZ) Adamera Minerals provides an update on its 2017 drill program. The drill crew is back on site on the Oversight /Overlook targets for follow up drilling. Due to cooler temperatures and recent precipitation, restrictions on our drilling activities have now been lifted. \n\n\n \nHoles OS17-01and OS17-03 which tested the Oversight conductor contained shallow zones with high-grade gold (see news dated Sept 07, 2017). Follow up drilling of this mineralization is our immediate priority.\n\n\n \nDrill hole OS17-02 tested a portion of a separate conductor extending from the former Overlook gold mine. The drill hole intersected a late stage intrusive and only minor gold mineralization without adequately testing the VTEM target. Overlook/Oversight drilling will also test gold in soil anomalies where parts of the Overlook conductor extend beyond the limits of the mine workings. \n\n\n \nSeveral of the highest priority VTEM anomalies await drilling as they are located on US Forest Service lands. Drilling permits progressed more slowly than anticipated but are expected shortly. \n\n\n \nMark Kolebaba, President and CEO states, \"Our news flow has been poor due to laboratory delays, fire restrictions and US Forest Service permitting. I assure shareholders that we will see more timely news flow going forward. Mark Kolebaba further states, \"We have been continuously working throughout these delays. The combination of our VTEM survey and ongoing surface exploration is continuing to define high quality targets.\"\n\n\n \nMr. Yale Simpson, Chairman of Adamera stated, \"I have invested heavily in Adamera because I think this play is a superb discovery opportunity. Adamera's VTEM survey generated discreet anomalies on all of the former gold deposits. As our survey identified many significant targets, of which only a few have been tested to date, the play continues to be exceptional in my view.\" \n\n\n \nApart from Oversight/Overlook, additional three conductors were tested by drill holes HLK17-01, HLK17-02 and GF17-01 (Big Banana). All intersected zones with graphite and sulfides at the target depth. Results for HLK17-02 and GF17-01 are pe...