(TheNewswire)
Vancouver, B.C. / TheNewswire / October 31, 2018 - Adamera Minerals Corp. (TSX V:
ADZ; OTC: DDNFF) announces the first drill hole, LFS18-01, on the Lamefoot South Property in Washington State has been
completed. The drill hole was sited 280 metres south of the Lamefoot Gold Mine. Assays are pending.
Drill hole LFS18-01 encountered zones with intense silica alteration and disseminated sulfides at various
intervals through the hole (see photo below). The hole was targeted on coincident induced polarization (IP), gold in soil and
magnetic anomalies.
The drill is currently moving to the nearby Oversight Property to follow-up on high-grade gold intercepts
reported in drill hole OS18-02 (See news release dated September 26, 2018).
Drilling will test the new Oversight target zone that is on trend with the Overlook Gold Mine. The next hole
will test for an extension to the 19.4 g/t gold over 1.07 metre intercept at the end of hole OS18-02 and located at the margin of
the new target zone. On completion of the Oversight drilling the rig will likely move back to the Lamefoot South and Goodfoot
properties.
Click Image To View Full Size
The Goodfoot and Lamefoot drill targets are supported by IP, ground magnetics, soil geochemistry and geological
mapping. The targets are located on the Lamefoot trend within a stratigraphic / structural zone approximately on strike with
Kinross’ past producing Lamefoot Mine. The Lamefoot South target is approximately 250 metres from the Lamefoot Mine and the
Goodfoot target is approximately 2 kilometres from the Lamefoot Mine. To view a short video highlighting these targets
please click here .
“The proximity of our targets to former gold deposits makes them compelling for drill
testing. In my view this is a rare exploration opportunity,” says Mark Kolebaba President and CEO of Adamera
Minerals Corp.
Martin St. Pierre P.Geoph, is a Qualified Person as defined by National Instrument 43-101 and has reviewed
data associated with the project. Gold analysis was completed by Activation Laboratories using fire assay
methods.
About Adamera
Adamera Minerals Corp. is exploring for a stand-alone high-grade gold deposit within hauling distance of an
existing mill near Republic Washington. This area has reportedly produced over 6 million ounces of high-grade gold. Adamera is the
dominant regional explorer in the area.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Tel: (604) 689-2010 Fax: (604) 484-7143
Email: info@Adamera.com
Website: www.Adamera.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or
accuracy
of this release. Statements in this press release, other than purely historical information, including statements
relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking
statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration
and development. As a result, actual results may vary materially from those described in the forward-looking statements.
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