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Gold/Mining/Energy : Adamas Resources (V.AMS) -- Ignore unavailable to you. Want to Upgrade?

To: GOLDIGER who wrote (1259)	11/4/1997 9:38:00 AM
From: JIM FINDLATER	Read Replies (1) \| Respond to of 2015

Morning GOLDIGER, I see there are a few people wanting cheap shares. 59,000 at 20 cents. Did you get my emails alright? Cheers Jim

To: GOLDIGER who wrote (1259)	11/4/1997 3:11:00 PM
From: JIM FINDLATER	Respond to of 2015

********** NEWS RELEASE************ To ALL, newsout@canada-stockwatch.com wrote: > > Nevada property results > > Adamas Resources Corp AMS > Shares issued 7,617,989 Nov 3 close $0.21 > Tue 4 Nov 97 News Release > See GLS Global Assets Ltd (GLO) News Release > Mr S. Cedric Steele reports > GLS Global Assets and Adamas Resources have received encouraging results > from their due diligence surface channel sampling program undertaken in > October on the Hydra-Hercules gold and silver property, Nevada. > The property is deemed to have excellent potential for hosting epithermal, > bulk tonnage, low grade deposit. > Since 1984, over US$2,000,000 has been spent on exploration (includes over > 34,000 feet of drilling) by several mining companies, some of which include > Asamara, Horizon Gold, St Joe Minerals and Phelps-Dodge. > A geological resource amenable to open pit mining methods has been > estimated by previous operators to be between 170,000 and 213,000 ounces of > gold and over 1.5 million ounces of silver. The resource is hosted within > open structures that have a known surface strike of over 9,000 feet. The > current due diligence channel sampling has confirmed previous operator's > sampling results. This lends credence to reported drill results and yields > a higher level of confidence to the above quoted calculations. > The following channel samples were taken by David Shaddrick, an independent > geologist retained by GLS. All samples were fire assayed at Bondar-Clegg in > Reno, Nevada. > > No. Width Av Gold Av Silver > Value Value > > Tom's Knobs > 2 32.5 ft 0.062 oz/ST 0.336 oz/ST > > D Zone > 7 5.1 ft 0.051 oz/ST 1.370 oz/ST > > E Zone > 4 4.9 ft 0.035 oz/ST 0.427 oz/ST > > A Zone > 3 34.7 ft 0.013 oz/ST 0.231 oz/ST > > The Tom's Knobs zone returned the most impressive values. This area lies > near the interpreted junction of two major northerly trending auriferous > structures. A northern extension to the system is implied by anomalous gold > in soils (25-140 ppb gold) yielding a possible 1,700 feet strike length to > the Tom's Knob system. This area is a high priority, inadequately tested > exploration target. > Potential for the property to host a million plus ounce gold deposit is > excellent. > (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Cheers Jim