Vancouver, British Columbia, December 23, 2016 - Adamera Minerals Corp. (TSX-V: ADZ)
announces the helicopter borne VTEM survey on its Cooke Mountain project in Washington State has been completed. Preliminary data has identified a number of high priority electromagnetic and magnetic anomalies with characteristics similar to the known deposits in the region.
Mark Kolebaba President and CEO of Adamera states 'The Geotech Ltd. survey was designed to identify electromagnetic conductors with or without a magnetic association that could represent new high grade gold deposits in the district. The results to date far exceed our expectations. Multiple discrete well defined conductors have been identified and interpreted to be both shallow and at depth. The proximity of certain anomalies to known mines/prospects gives us great confidence in these targets and our exploration model.'
Final results and interpretations are expected January 15th, 2017. Results will then be paired with geology, soil geochemistry and AMT data to prioritize drill targets. Drilling can generally be conducted year-round in this part of Washington State.
The survey was flown along two areas recently identified by the Company as important mineralized trends. Along these trends, gold deposits occur in specific horizons and coincide with zones of massive sulphide and sulphide veins. Past producing deposits in the survey area include the Lamefoot, Overlook, Key West, Key East and Belcher mines that produced over a million ounces of gold.
See map of the survey areas below.
[Attachment]
Geophysical surveying was conducted over specific areas within the red polygons. Lamefoot, Belcher, Overlook, Key East and Key West are past producing mines in the area.
Martin St. Pierre P.Geoph a Qualified Person as defined by National Instrument 43-101 is interpreting the geophysical data from Geotech Ltd.
About Adamera
Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. The Company's strategy is to fast-track the discovery to production process by exploring close to an existing mill in need of ore. Adamera is the dominant exploration company 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: [email protected]
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.