Business
New High-Grade Gold Zone Identified Near Overlook Gold Mine
(via TheNewswire) Vancouver, British Columbia / TheNewswire / Novemebr 28, 2017 ...
About this update from Adamera Minerals Corp.
[{"type":"text","content":"New High-Grade Gold Zone Identified Near Overlook Gold Mine(via TheNewswire)\n\n \n\n\n\n \nVancouver, British Columbia / TheNewswire / Novemebr 28, 2017 - Adamera Minerals Corp. (TSX-V: ADZ) announces the discovery of high-grade gold in outcrop near the Overlook Gold Mine in Washigton State. Rock samples collected from the area assayed 64 g\\t, 37 g\\t, 30 g\\t, 7.8 g/t and 2.1 g/t gold. This new prospect, called Outlook Ridge, is located on the Cooke Mountain project halfway between the historic Overlook and Key West gold mines. \n\n\n \nOutlook Ridge and the high-grade samples are located on northeast trending linear features that pass through both the Overlook and Key West deposits. The linears are interpreted to be important mineralizing structures with +1000 metres of strike length potentially mineralized (see Figure 1 below).\n\n\n \nTo provide some context to this high-grade discovery, similar shallow clastic rocks above the Overlook and Key West mines are known to host significant gold mineralization. Such mineralization reportedly accounted for about half of the gold mined at Overlook. Both mines extend on to Adamera's property.\n\n\n \nThe high-grade gold samples are silicified and brecciated clastic sediments with quartz-sulfide veining. The samples were collected from 3 historic prospect pits within a 150 metres trend. The clastic sediments exposed in the pits are immediately below a felsic sill, a flat lying younger intrusive body that is extensive across the property. Any underlying mineralization would be concealed at surface. \n\n\n \n \"It has become clear through this years work that gold mineralization is more widespread in the Overlook-Key West area. Our drilling has identified high-grade massive sulfide hosted gold at depth and, separately, shallow clastic hosted high grade gold. Now, through detailed prospecting we have identified near-surface mineralization immediately below younger intrusive rocks. This adds another new element of prospectivity to the property and provides support for more continuous mineralization in a large and untested area between the Overlook and Key West Mines,\" Says Mark Kolebaba President and CEO of Adamera.\n\n\n \nAs the sill is extensive in the area, focused mapping and denser soil sampling recently completed over the immediate area of Outlook Ridge will be used to target ben...