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To: Goose94 who wrote (4348)1/29/2014 9:38:57 AM
From: Goose94Respond to of 203330
 
Adamera Minerals (ADZ-V) Jan 29, '14 reports that data acquisition and 2013 exploration results establish the 100% owned Flag Hill Property as a prominent and significant epithermal gold target within Washington States' most prolific gold mining region, the Republic Graben. Adamera has upgraded the Flag Hill vein to a high priority drill target.

It is well documented that epithermal gold systems typically contain low-grade gold values in the uppermost part of the system and that gold grades tend to increase dramatically deeper in the system. Current work and historic data clearly demonstrate this fact at the Flag Hill property. The following summary demonstrates this zonation:

  1. Gold values at surface along the Flag Hill vein generally range from 0.1 to 0.25 g/t gold. Surface sampling at the lowest elevation exposure along the trend yielded a gold grade of 1.88 g/t gold.
  2. At a depth of approximately 60 metres below the surface apex of the vein, within the Flag Hill mine workings, the average grade from historic production reportedly increases to 7 g/t gold and 21 g/t silver.
  3. At a depth of approximately 130 meters below the Flag Hill mine workings, a 1957 drill hole reportedly intercepted bonanza grades averaging 41 g/t gold and 277 g/t silver over about 1 metre.

"The increase of grade with depth at Flag Hill is almost a perfect blueprint for an epithermal deposit and the property lies only 12 kilometres from the operating Kettle River Mill. The strategic location of Flag Hill creates a significant opportunity for Adamera," says Mark Kolebaba, President and CEO of Adamera Minerals Corp.

Permit application for drilling on the Flag Hill property has been submitted to The Bureau of Land Management. Planning is underway to drill test the Flag Hill vein at various levels and along strike. Detailed mapping and sampling of the vein from old mine workings is also anticipated.

Between 1930 and 1940 the Flag Hill Mine adit was collared to gain accesses to the down dip extension of the vein. Test mining of approximately 100 metres of the Flag Hill Vein yielded an average recovered gold grade of about 7 g/t and 21 g/t silver. At the time, the nearby Knob Hill mine was in production with an average grade of around 47 g/t gold and 140 g/t silver from a similar epithermal vein deposit.

"A direct comparison of gold and silver grades at Knob Hill at the time obviously made Flag Hill less attractive. However, with today's elevated gold prices, Flag Hill becomes a very attractive target," says Mark Kolebaba, President and CEO of Adamera Minerals. "Further, the potential of finding gold grades of over 40 g/t, similar to Knob Hill, clearly exist at Flag Hill as indicated by the 1957 drill hole that reported intersecting 41 g/t gold with 277 g/t silver over about 1 metre."

The reported mineralized zones intercepted in the 1957 drill hole are listed below.

Interval (ft) g/t gold g/t silver
667-669 6.70 N/A
676-678 0.34 6.51
701-703 1.71 17.48
734-737 41.14 277.67
The hole was drilled at a -45o, true widths of interval are unknown.

Cross-sections using current and historic data show that the 1957 intercepts are located roughly where the projected down-dip extension of the Flag Hill vein system would be expected. A second parallel hole was drilled in 1972 immediately adjacent to the 1957 drill hole; however no information is currently available for that hole.

In 2013, the Flag Hill Vein was traced for 250 metres on surface and is presumed to continue under cover to the north. Mapping also identified a parallel vein 25 to 30 metres west of the Flag Hill Vein. In addition, 6 other exposed veins or vein systems of various orientations have been identified on other parts of the property. Details of these veins will be released shortly.

The Republic Gold District produced about 3 million ounces of gold at an average grade of 20 g/t and 15 million ounces of silver at an average grade of 110 g/t. Mining operations in the Republic District ceased in 1996.

Jim Ebisch, P.Geol is the Qualified Person as defined by National Instrument 43-101 reviewing the data in this release. The historical information in this release 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.

Adamera is exploring for high-grade gold near an operating mill in Washington State owned by Kinross Gold Corp. The 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 is a high-grade, low-cost producer with only 2 years mine life remaining. Adamera is currently exploring 5 projects with high-grade gold potential within hauling distance of the 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



To: Goose94 who wrote (4348)2/12/2014 10:15:08 AM
From: Goose94Read Replies (1) | Respond to of 203330
 
Adamera Minerals (ADZ-V) Feb 12, '14 announces that several important new gold-bearing targets have been defined on the northern part of the 100% owned Flag Hill Property located near Republic, Washington State. Surface grab samples from several recently mapped vein sets have yielded gold results as high as 9.5 and 12.5 g/t gold. The definition of these additional targets has significantly enhanced the potential of the Flag Hill Property.
Six veins or vein systems were identified on the property by geological mapping and prospecting in 2013. Four new exploration targets on the property are summarized below. These targets are in addition to the Flag Hill Vein that is exposed on the southern part of the property (see news release dated January 29, 2014).

Target 1

Numerous poorly-exposed northeasterly trending epithermal veins that commonly contain 2-3 g/t gold in grab samples occur within a 100 meter wide northeasterly trending linear topographic depression or corridor likely caused by a shear zone or faulting. Although bedrock exposure in the corridor is quite poor due to the subdued topography, it was noted that some samples contained disseminated sulfide mineralization which also extended into the wall rock adjacent to the veins. A ground magnetic survey completed by Adamera indicates that this corridor extends northeast towards the Quilp Mine and to the southwest towards the Morning Glory Mine. The Quilp Mine was documented to have an average grade of about 13 g/t gold and 170 g/t silver from a silica vein averaging 2.3 meters width. Historic production from the Morning Glory Mine is not well known. No evidence of previous drilling or historic production along this corridor has been identified on the Adamera property.

Target 2

The northern margin of the above mentioned corridor is flanked by a historically mined vein system. Preliminary surface rock samples taken from this vein system assayed between 0.38 and 9.52 g/t gold. With the exception of the old mine workings, there is no evidence of drilling or modern exploration along this vein, making it an excellent exploration target. No historic production has been documented on this target.

Target 3

Thirty metres north of the vein corridor is a northwesterly trending vein or vein set which is exposed intermittently for about 50 metres. Three grab samples collected along this vein yielded 12.5, 5.9 and 2.2 g/t gold. This vein represents a new target on the property. Of particular interest is the portion of this vein that intersects the corridor where there is no bedrock exposure. No evidence of previous drilling along this vein has been identified. No historic production has been documented on this target.

Target 4

A north trending vein set in the northern part of the property is roughly parallel to the Flag Hill Vein. Surface grab samples from this vein commonly contain 2-3 g/t gold. Washington State geologists reported about 4 g/t gold and 4 g/t silver over about a 2.5 metre width at surface from this vein. A poorly-documented drill hole completed in the 1980s reportedly intercepted about one meter of about 8 g/t gold at shallow depth. Recent cross-sections created by Adamera suggest the Flag Hill Mine workings ended about 30 meters short of the down-dip projection of this vein, roughly 100 meters down-dip from the surface. The southern extension of this vein is considered a high priority target, especially where it intercepts the corridor described above. No historic production has been documented on this target.

The company is currently planning an exploration program for the Flag Hill Property which will include drill testing these northern targets. Most of the new targets defined at Flag Hill are underexplored compared to most parts the Republic Mining District. In addition to the 4 targets described above, plans to test other veins such as the Flag Hill vein and its projected intersection with the corridor are also being considered. (See news release dated January 29, 2014)

"The textures we see in the northern veins are similar to those of the Flag Hill Vein and are typical of the uppermost parts of an epithermal vein system. Work completed so far indicates that the gold grades increase with depth on the Flag Hill Vein. We hope to see the same trend on the newly-defined targets. The new targets are of particular interest because we are already seeing up to 12.5g/t gold at the surface, not the approximate average of 0.25 g/t gold that we see on surface exposures of the Flag Hill Vein" says Mark Kolebaba president and CEO

The Republic gold district produced about 3 million ounces of gold at an average grade of 20 g/t and 15 million ounces of silver at an average grade of 110 g/t. Mining operations in the Republic District ceased in 1996.

Adamera is exploring for high-grade gold near an operating mill in Washington State owned by Kinross Gold Corp. The 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 is a high-grade, low cost producer with only 2 years mine life remaining. Adamera is currently exploring five projects with high-grade gold potential within hauling distance of the Mill.

Jim Ebisch, P.Geol is the Qualified Person as defined by National Instrument 43-101 reviewing the data in this release. The historical information in this release 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. All samples taken by Adamera and reported in this news release are grab samples which were analyzed by Acme Analytical Laboratories Ltd. Samples were partially digested using an aqua regia solution and analyzed for gold using ICP-MS.

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