Adamera Initiates 2015 Program on the Oversight Property – High Grade Gold Targeted

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[{"type":"text","content":"Adamera Initiates 2015 Program on the Oversight Property – High Grade Gold Targeted(via Thenewswire.ca)\n \n \nVancouver, BC / TheNewswire / May 20, 2015 - Adamera Minerals Corp. (TSX V: ADZ) has initiated a ground magnetic survey over the northern portion of the Oversight gold property in Washington state, USA. Of particular interest is a specific area with historic drill holes that interestected high grade mineralization, including 8.5 metres at 32.2 g/t gold. \n\n\n \nThe mineralized area is part of the past producing Overlook Mine which extends onto Adamera's Oversight property. A list of selected high-grade historic intercepts in the NW part of the Overlook deposit that now fall within the area to be surveyed are listed in the table below.\n\n \n\nDrill Hole\n\n\n\n\nInterval (m)\n\n\n\n\ng/t Gold\n\n\n\n\n1\n\n\n\n\n8.5\n\n\n\n\n32.2\n\n\n\n\n2\n\n\n\n\n6.1\n\n\n\n\n24.2\n\n\n\n\n3\n\n\n\n\n9.8\n\n\n\n\n24.0\n\n\n\n\n4\n\n\n\n\n6.1\n\n\n\n\n17.0\n\n\n\n\n5\n\n\n\n\n6.0\n\n\n\n\n16.0\n\n\n\n\n6\n\n\n\n\n7.6\n\n\n\n\n18.7\n\n\n\n\n7\n\n\n\n\n7.0\n\n\n\n\n14.6\n\n\n\n \nThe historic drill intercepts occur at a depth of approximately 200m.\n\n\n \nThe survey data will be used to determine if the mineralized trend extends northwards on the property into areas untested by drilling. In addition, the magnetic data could provide a target signature to apply elsewhere on the property and in the region. \n\n\n \n\"With the discovery of mineralization during our 2014 Oversight exploration program and the model we have developed, this low-cost program could lead Adamera closer to a significant discovery. It is important to consider the number of high-grade gold deposits that are known in the immediate vicinity of Oversight, and the fact that the property is only 5 kilometres from a functioning mill, \" says Mark Kolebaba, President and CEO of Adamera Minerals Corp.\n\n\n \nAdamera has already defined several high-priority drill targets based on geophysics, soil geochemistry and a geological fold model (See animated video). The Company anticipates drilling these targets later in the summer.\n\n\n \nThe Oversight Property is located in the Cook Mountain Mining Camp in Washington State where 1 million ounces of gold was mined in the 1990s. The property is 5 kilometres from the operating Kettle River Mill. \n\n\n \nB. Kahle...

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