Adamera Minerals Corp. continues to expand the Glix Prospect and has identified several additional soil samples with anomalous gold values ranging from 24 to 4,283 ppb* (4.3 g/t) gold. The discovery represents the highest gold value recovered on the property to date and signals potential for significant mineral development in a historically productive mining region.
The Glix prospect is located on the Company's 100% owned South Hedley claims in British Columbia and is the second prospect delineated on the property this year. The South Hedley Property is located less than 10 kilometres from Barrick Gold Corp's past producer, the Nickel Plate Mine, where approximately 2.5 million ounces of gold were reportedly produced in the Hedley Gold Camp according to historical data from www2.gov.bc.ca/assets/gov/farming-natural-resources-and-industry/mineral-exploration-mining/documents/mineral-development-office/gold_september_2015.pdf.
The Glix Prospect is a coherent and continuous gold in soil anomaly that currently measures approximately 90 x 50 metres and remains open for further expansion. Recent sampling results strongly suggest the anomaly remains open in all directions except the east, where it terminates at a prominent north-south trending fault. A crew will be mobilized shortly to attempt to locate a bedrock source for the gold near the 4,283 ppb* sample and further test the lateral limits of the soil anomaly.
Mark Kolebaba, President and CEO of Adamera, stated that the most recent sampling program significantly advanced the project. The site with the 4.3 g/t gold soil sample will be the focus of immediate prospecting, representing a very high priority for the Company given the sample grades and the unexplored nature of the area.
The geological setting of the Glix Prospect appears favorable for gold mineralization. Prospecting identified an inlier of scapolite-altered clastic and impure calcareous rocks thought to be laterally equivalent to the Late Triassic Hedley Formation, which hosts the Nickel Plate and Mascot mines to the north. Additionally, sulphide mineralization (pyrrhotite-arsenopyrite) in limestone was discovered within 300m of the gold-bearing soil samples.
Adamera first identified this prospect through reconnaissance soil sampling, with initial samples returning weakly anomalous fire assay values ranging from 25 to 45 ppb gold. Follow-up sampling revealed numerous samples with highly anomalous gold values ranging from 17 to 684 ppb*. Samples with anomalous gold also show significant enrichment in zinc and arsenic, known pathfinder elements at the nearby Nickel Plate and Mascot mines.
The Company will be initiating a Notice of Work application under the Mines Act for a drill program to test both the Glix and Max prospects. A follow-up sampling and prospecting program is currently underway, with geophysical surveys being planned for the Glix area. Gordon Gibson (P.Geo.), a qualified person under NI 43-101, has reviewed and approved data associated with this release.
