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Adamera Minerals Corp
Symbol ADZ
Shares Issued 238,302,928
Close 2024-05-30 C$ 0.02
Market Cap C$ 4,766,059
Recent Sedar Documents

Adamera samples up to 1,000 g/t Ag, 4.6% Cu at Talisman

2024-05-30 12:49 ET - News Release

Mr. Mark Kolebaba reports

ADAMERA IDENTIFIES STRATABOUND COPPER-SILVER POTENTIAL ON TALISMAN PROPERTY AND SUBMITS PLAN OF OPERATION FOR 23 DRILL HOLES

Adamera Minerals Corp. has identified a second copper target on the Talisman property. This target is distinct from the Talisman mine, a skarn deposit that was mined historically. Based on geological mapping and a continuing data review, a stratabound copper-silver target exists to the south and west of the skarn, and it represents potential for a larger mineral system, geologically analogous to the copper-silver deposits of the Revett formation in the Belt basin of western Montana and northern Idaho. The Talisman property is located in Washington State, near Laurier at the United States-Canada border.

To advance this project, Adamera Minerals has proposed a drilling program to test the depth and lateral extent of the stratabound copper-silver mineralization, and to determine if multiple mineralized horizons exist. The company has submitted a plan of operation to the U.S. Forest Service, proposing 23 drill holes.

"The identification of stratabound copper-silver potential on the Talisman property is, in my opinion, a game changer. This target style is virtually unexplored in the area and it offers investors a much larger scale exploration target than the copper-silver skarn," say Mark Kolebaba, president and chief executive officer of Adamera Minerals.

Known skarn deposit -- Talisman mine

Prior to Adamera staking the Talisman property in 2012, the property was historically documented as a skarn occurrence which yielded copper, silver, zinc and tungsten production. Production records are very limited, but 521 tons of ore assaying 5 per cent copper, three ounces/ton silver and 4.1 per cent zinc were reported to have been shipped in the early 1900s. Tungsten was said to have been mined from Talisman during the second world war.

Exploration on the property prior to Adamera focused on the mineralization in and around the abandoned mine. Access was provided from a poorly maintained track. Due to the absence of road access, the area is devoid of modern exploration. As a result, the presence of widespread disseminated sulphides hosted by multiple layers of metasediments was not documented.

The skarn appears to be a later stage of mineralization locally overprinting gently dipping stratabound sulphide mineralization in locally calcareous marine sediments of the Belt basin.

New target -- stratabound copper-silver mineralization

Adamera, attracted to the unexplored portions of the property, conducted detailed mapping, prospecting, sampling and geophysical surveying over the entire property. Approximately 800 metres southwest of the Talisman mine, Adamera identified an 800 m by 1,100 m area with previously undocumented intermittent but widespread disseminated sulphide mineralization in gently dipping sedimentary rocks. Significant surface rock grab samples are listed in the associated table. Rock samples highlight areas of interest that warrant immediate follow-up, including samples with 1,000 g/t silver (Ag), 4.6 per cent copper (Cu), 12.8 per cent lead (Pb) and 6.91 per cent zinc (Zn).

Jim Ebisch, the geologist that conducted the mapping and prospecting on the Talisman property for Adamera, completed his master's degree dissertation on the Revett formation deposits in Belt basin rocks in Montana, and recognized compelling similarities between the deposits in Montana and rocks at Talisman.

Mineralization on the property, south and west of the Talisman mine, occurs in a sedimentary sequence with quartzite, siltite and argillite resembling Revett formation-style mineralization in Belt basin rocks. Revett-style deposits include the Rock Creek-Montanore and Troy deposits in Montana. Although Belt sequence rocks have not been identified this far to the northwest in historic literature, they have been identified at least as far west as Chewelah, Wash., approximately 50 miles south. Several historic mines near Chewelah produced copper/silver/lead/zinc from veins and disseminations in metamorphosed sedimentary rocks.

Evidence for stratabound mineralization at Talisman, similar to Revett-type stratabound disseminated sulphide deposits, is as follows:

  • Laterally extensive disseminated Cu/Ag/Pb/Zn sulphide assemblage;
  • Probable multiple stacked horizons of mineralization;
  • Possible metal zoning (copper/silver to north, lead/zinc/silver to south).

Evidence suggesting that the metasediments at Talisman belong to the Belt basin stratigraphy is as follows:

  • Tabular stratigraphy of sedimentary rocks;
  • Monotonous overall appearance;
  • Amphibolite layers that are possible metamorphosed Purcell/Aldridge sills.

With current metal prices and the proximity to Teck's smelter in Trail, B.C. (95 kilometres by highway distant), Adamera considers this a prospective early-stage undrilled prospect. A recommended follow-up program would include an airborne geophysical survey to outline massive to semi-massive sulphide mineralization. Drilling would follow.

Mr. Ebisch, PGeo, a qualified person, has reviewed data related to the project.

About Adamera Minerals Corp.

Adamera Minerals is exploring for a high-grade gold deposit near Republic, Wash. This area has reportedly produced eight million ounces of gold. Adamera is the dominant regional explorer in the area.

We seek Safe Harbor.

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