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Adamera Receives Permits from US Forest Service to Drill Outlook Ridge High-Grade Gold Target
(via TheNewswire) Vancouver, BC - TheNewswire - July 17, 2019- Adamera Minerals Co...
About this update from Adamera Minerals Corp.
[{"type":"text","content":"Adamera Receives Permits from US Forest Service to Drill Outlook Ridge High-Grade Gold Target(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - July 17, 2019- Adamera Minerals Corp. (TSXV:ADZ) announces drill permits have been granted by the US Forest Service for the Outlook Ridge target on the Cooke Mountain Project in Washington State. \n\n\n \nThe Outlook Ridge drill permits are in addition to permits recently granted on the Oversight, Lamefoot South, and Goodfoot properties which provides more than 50 drill sites for testing. As Adamera advances its exploration efforts on these targets in preparation for drilling, it is also considering potential partnership opportunities on various projects. Adamera is in discussions with multiple companies that are reviewing data and conducting site visits under confidentiality agreement.\n\n\n \nThe Outlook Ridge prospect is located halfway between the Overlook and Key West mines, which are one kilometre apart. The area is intruded by overlying intrusive rocks hindering possible discovery by historical prospecting. \n\n\n \nThe gold mineralization style targeted at Outlook Ridge is associated with vein-type \"stockwork\" in clastic rocks. Stockwork related gold mineralization is a significant exploration target in this region as it accounts for approximately 50% of the gold mined at the adjacent Overlook Mine and approximately 90% of the gold mined at the nearby Lamefoot Mine. This mineralization is not magnetic and appears to have been discovered accidentally while testing nearby magnetic anomalies. \n\n\n \n\"Located between two past producing mines, the IP and high-grade gold anomalies at Outlook Ridge form a high priority drill target,\" says Mark Kolebaba, President and CEO of Adamera Minerals Corp. \"Outlook Ridge is a non-magnetic target covered by thin intrusive rocks, therefore, it is safe to assume that previous explorers relying on magnetics and prospecting may have missed such mineralized zones. Our current targeting methodology exposes Adamera to new and significantly larger discovery opportunities.\" \n\n\n \nGrab samples of silica / sulfide stockwork in clastic rocks collected at the Outlook Ridge target by Adamera yielded assays ranging from 2 to 64 g/t gold. (see figure below and news release dated November 28, 2017). \n\n\n \nThe Outlook Ridge induced polarization (I...