Business
Adamera Intersects Sulfide Zone Near Overlook Deposit Target Development Continues
(via TheNewswire) Vancouver, British Columbia / TheNewswire / October 17 2017 - Ad...
About this update from Adamera Minerals Corp.
[{"type":"text","content":"Adamera Intersects Sulfide Zone Near Overlook Deposit Target Development Continues(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / October 17 2017 - Adamera Minerals Corp. (TSX-V: ADZ) provides an update on its 2017 drill program in Washington State.\n\n\n \nNew Sulphide Zone Discovered Near the Overlook Mine:\n\n\n \nCore samples from OS17-06, the latest hole drilled to date have been submitted to the lab for analysis on a rush basis. OS17-06 intersected sulfide mineralization below an unexpected mine working within the Overlook Gold Mine. The intercept is below the depth of a nearby historic drill hole and is interpreted as a possible new zone of mineralization. \n\n\n \nSeparately, the Company continues to await drill results for previous holes. The assay lab has assured the Company that sample turn around times will be quicker but the backlog is still being processed. Current plans drilling include infill drilling at Oversight / Overlook.\n\n\n \nUpdate on SE-01 Target:\n\n\n \nTarget development on the SE-01 target has advanced significantly. The target is 20 to 30 metres deep over a strike length of 500 metres based on the VTEM, ground magnetic and soil geochemical data.\n\n\n \nSE-01 was originally defined as a shallow conductor by an airborne VTEM and magnetic data. A recent ground magnetic survey over the target enhanced our confidence in the provisional model, reinforcing the strong coincidence of the EM and magnetic signatures. \n\n\n \nRecent soil sampling over the target has shown anomalous pathfinder geochemistry, using a handheld XRF unit. Gold analyses of the soil samples are expected shortly. Such short lab turnaround times are possible on soils as this material requires litle sample preparation (see figures below).\n\n\n \nA permit to drill SE-01 is also expected shortly, the first such permit to be received for US Forest Service lands.\n\n\n \nMark Kolebaba president and CEO states \"SE-01 is a high priority target as it is the strongest VTEM conductor within the entire survey area. Receiving the drilling permit is obviously a top priority for us and as such we are working closely with the US Forest Service to complete the process.\"\n\n\n \nMartin St. Pierre P.Geoph, a Qualified Person as defined by National Instrument 43-101 has reviewed the data in this release. Soil samples are analysiz...