Adamera Receives Initial Assay Results on the Poland-China Project in Washington State
(via Thenewswire.ca)
Vancouver, BC, June 5, 2013 - Adamera Minerals Corp. (TSX V: ADZ) has
received assay results for samples collected during detailed mapping
on its 100% owned Poland China gold project in Washington State.
Numerous high grade gold assays between 4 g/t and 16 g/t have been
returned from several rock sample intervals along the length of the
mine workings (see
diagram).
http://www.adamera.com/s/poland-china.asp?ReportID=580415
The latest results indicate that gold mineralization at Poland China
occurs within a graphitic sedimentary unit that has been folded. The
higher gold values appear to occur within or near fold hinges, an
interpretation that significantly increases deposit size opportunities
for the property.
A chip sample assaying 5 g/t gold over 10 metres (including 1.5 metres
of 20 g/t gold) from a trench completed in 2012 located northeast of
the historic mine may represent a second mineralized fold hinge. The
lowest level of the mine workings located 33 metres below the adit
level suggests that multiple mineralized horizons may occur within a
given fold structure.
"The new interpretation of a gold bearing stratigraphic unit with
higher gold values occurring along fold hinges is very positive and a
significant step forward as it alters the way we will explore the
property. Multiple fold hinges with multiple horizons of
mineralization increases deposit size opportunities for the property.
Testing this model will be carried out by trenching and lightweight
drilling," says Mark Kolebaba, President and CEO of Adamera
Minerals Corp.
The gold mineralization discovered to date at Poland China occurs near
surface and appears to be spatially related to VLF-EM
("geophysical conductors") and soil anomalies that will be
tested by trenching and lightweight drilling this summer.
The Poland China Mine
The historic Poland China Gold Mine is located approximately 10
kilometres from the Kinross Buckhorn gold mine and less than 80
kilometres, by existing road, to the Kinross Kettle River mill.
Gold is associated with graphite, silica alteration and sulphides. The
reported mining grade was 8.2 g/t to 12.7g/t gold over an average
mining width of 2.1 metres. Graphite is considered important as it may
have formed a reducing chemical environment causing gold to
precipitate. An overlying unit of more silicified sediments appears
to have acted as a trap or cap rock allowing hydrothermal fluids to
deposit gold within the graphitic argillite.
About Adamera
Adamera's strategy in Washington State is to cost effectively make
gold discoveries within historic mining districts, particularly where
such discoveries are close to existing infrastructure. Specifically, a
discovery of a high grade gold deposit at the Poland China mine could
take advantage of its proximity to the Kinross Kettle River Mill which
is reported to be operating at half capacity. Ore from the 1.3 million
ounce Buckhorn mine is shipped 70 kilometres to Kettle River Mill. The
average grade of the Buckhorn mine is 11.3 g/t gold and production
costs are reported to be between $400 and $500 per ounce. With the
Buckhorn mine having only 3-4 years mine life remaining, Adamera is
determined to discover a high grade gold deposit close to the Kinross
infrastructure. (See
map for Adamera's properties)
http://www.adamera.com/s/poland-china.asp?ReportID=580415
Graham Gill P.Geo and Bruce Kienlen P.Geol are the Qualified Persons
as defined by National Instrument 43-101 and are responsible for
overseeing exploration activity and reviewing data collected on the
project. The historical data is from private reports and has not been
verified by the Company, however, it appears to have been completed
under standard best practices consistent with the time and appears to
be of reasonable quality.
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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