Adamera Plans to Drill Possible Extension of Overlook Gold Mine

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[{"type":"text","content":"Adamera Plans to Drill Possible Extension of Overlook Gold Mine(via TheNewswire)\n \n \nVancouver, British Columbia / TheNewswire / May 24, 2017 - Adamera Minerals Corp. (TSX-V: ADZ, OTC: DDNFF) reports on modelling of two new VTEM electromagnetic targets on the Cooke Mountain Project in Washington State. The new targets include a possible extension to the past producing Overlook gold mine, and an adjacent anomaly referred to as the Oversight target. Both targets are permitted for drilling. \n\n \n \nAdamera has defined 10 VTEM targets and one soil geochemical anomaly that warrant exploration drilling in the upcoming drill program. Data interpretation has now shifted to subtler VTEM and magnetic features with supportive soil geochemistry.\n\n \n \nMark Kolebaba President and CEO of Adamera Minerals Corp. states \"There is little exploration drilling around the periphery Overlook gold mine. The VTEM and soil data have defined clear targets adjacent to the mine, targets that could represent extensions to the known mineralization.\"\n\n \n \nOverlook Mine Extension Target is a modelled 900m x 140m conductor at a depth of about 200 metres that is spatially associated with the past producing Overlook Gold Mine. The deposit was mined from 1991 to 1996 by Echo Bay Mines and was reported to contain 425,000 ounces of gold at a grade of about 5.5 g/t. \n\n \n \nThe VTEM conductor is significantly larger than the Overlook deposit, which appears to extend for about 300 metres. The deposit is located on the western end of the conductor with the eastern part remaining untested (See the \"Overlook Extension Target\" in Figure 1). As this target also has magnetic and geochemical support it is a high priority. \n\n \n \nOversight Target is a shallower conductor identified by the VTEM survey and is well supported by soil geochemistry. It is modelled as a 200m x 50m flat lying body at a depth of 55 to 70 metres that is located directly above the eastern end of the Overlook Mine Extension anomaly described above. \n\n \n \nIn 2014, Adamera drilled 9 shallow holes to test an adjacent magnetic anomaly. Drill hole DDH- 8, intersected about 20 metres of highly altered rock with gold values ranging from 0.2 g/t to 1 g/t near the Oversight VTEM target. (See Figure 2).\n\n \n \nA third target, referred to as the Overeasy Target is an isolated copper-arsen...

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