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Adamera Minerals and Hochschild Drilling Hits Shallow High-Grade Gold Zone on the Lamefoot South Property
VANCOUVER, British Columbia, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF) announces the discovery of high-grade gold on the
About this update from Adamera Minerals Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF) announces the discovery of high-grade gold on the Lamefoot South property in Washington State. This past season as part of a larger drill program, one hole was drilled on this property, DDH PL-6 (“PL-6”). It intersected a shallow zone yielding 4.7 g/t gold over 2.7 metres, including 0.76 metres at 10.7 g/t gold (see table below). The Lamefoot South gold property forms part of Adamera’s Cooke Mountain venture with Hochschild Mining Corp (LON: HOC). The property is located approximately 1,300 metres south of the Lamefoot Mine reported to contain nearly one million ounces of gold at a grade of 8 to 10 g/t. The high-grade gold interval in PL-6 occurs in limestone from 24.08 to 26.78 metres depth and coincides with a limestone-clastic contact. That position is interpreted to be the same contact as the Lamefoot Mine to the north. A second zone from 17.23 to 19.8 metres reports elevated gold, including a section from 17.8 to 18.5 metres that assayed 1.6 g/t gold (see table below). Hole From (m) To (m) Interval Au (g/t) PL-6 17.23 19.83 2.6 0.63 incl. 17.84 18.45 0.61 1.6 PL-6 24.08 26.78 2.7 4.7 incl. 24.08 24.84 0.76 10.7 PL-6 was drilled to test a strong induced polarization (IP) anomaly coincident with soil geochemistry. It is apparent that the gold intersection is coincident with a more subtle IP anomaly situated immediately west of the stronger IP anomaly targeted by the drill hole. This more subtle anomaly extends south along a limestone-clastic contact for approximately 700 metres. It is in part coincident with VLF-EM, soil geochemistry and ground magnetic anomalies (see attached map). At the Lamefoot Gold Mine the limestone-clastic contact is considered an important mineralizing control. “This intercept is very meaningful given that it coincides with what is considered a key ore control at the nearby Lamefoot Mine. A single hole drilled into a target several hundred metres long requires significant follow up. This gold intercept confirms our targeting methodology and validates other untested targets on the property,” says Mark Kolebaba, President and CEO of Adamera. An elevated magnetic response is closely associated with the high-grade gold mineralization intersected in PL-6. This discrete magnetic anomaly exte...