Adamera Identifies Third High-Grade Gold Target on the Poland-China Property
05 Novembro 2013 - 12:48PM
Access Wire
Vancouver, BC, November 5, 2013 -
Adamera Minerals Corp. (TSX V:
ADZ) has identified a third high priority
gold target area on the Poland-China property in Washington State.
Grab samples from outcrop located 1.6 kilometres north of the
historic Poland-China mine yielded high-grade gold values including
a volcanic rock with quartz veining and pyrite that assayed 21.17
g/t gold, and a nearby quartz vein containing semi-massive pyrite
that assayed 56.5 g/t gold.
The company considers these
high-grade samples important because of their association with
other coincident features such as:
-
1)Proximity to a
regional geological contact between sedimentary and volcanic rocks.
The Poland-China Mine and numerous geochemical soil anomalies occur
along this contact.
-
2)A 300 metre
long intense soil geochemical anomaly centered on the high grade
samples.
-
3)A magnetic low
anomaly.
In addition, a prominent
VLF-EM conductor extends south of the anomaly for 650 metres
towards the historic Poland-China Mine.
"We are quite pleased with the work we have
conducted on the property. It clearly identifies strong high-grade
targets around the known historic mine and also delineates several
emerging targets that continue to expand the potential of this
property," Says Mark Kolebaba, President and CEO of
Adamera Minerals.
This third area is 700 metres
west of a new high priority gold target area announced October 22,
2013. Both of these new target areas are within volcanic rocks, a
different geological environment then the sedimentary rocks that
host the Poland-China Mine.
Adamera is in the process of
collecting follow up data over the new priority target
areas.
Jim Ebisch, P.Geol is a
Qualified Person as defined by National Instrument 43-101 reviewing
the data in this release. Samples were sent to Acme Analytical
Laboratories Ltd. for analysis using ICP-MS.
Adamera's strategy in
Washington State is to discover high-grade gold mineralization near
established infrastructure. Specifically, the company is targeting
areas near the Kinross Kettle River Mill. The Kinross mill is
reported to be operating at half capacity with ore shipped 70
kilometres from the 1.3 million ounce Buckhorn mine. The Buckhorn
mine has only 2 years mine life remaining. Average grade of the
Buckhorn mine is 11.3 g/t gold and production costs are reported to
be between $420 and $500 per ounce. Adamera is currently exploring
five projects with high-grade gold potential within hauling
distance of the Kinross Mill.
On behalf of the Board of
Directors,
Mark Kolebaba
President & CEO
For additional information please
contact:
Heather Kays
Manager, Corporate Communications
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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