Adamera Minerals Corp. (TSX: V.ADZ, Stock Forum) has identified priority drill targets along an epithermal vein system on the Golden Reward gold property in Okanogan County, Washington State.
In addition, several other possible structures have been identified for testing. The Golden Reward property is located approximately 60 kilometres from Kinross's Kettle River mill.
According to the Adamera Minerals press release, the Golden Reward epithermal gold bearing vein system extends 1.5 kilometres across the property and is composed of highly silicified breccia zones up to 30 metres wide.
Mapping and sampling on the property in 2012 identified vein textures and chemical characteristics that indicate only the upper portions of the vein system are exposed.
At the lowest topographic outcrop exposure, sulfide fragments were identified. Grab samples of this material yielded 14 grams per tonne gold. The sulfide fragments suggest that a more extensive sulfide rich high-grade gold bearing zone may exist at depth.
Recent magnetic surveying indicate possibilities for additional structures on the property that are covered with overburden.
Amadera is a junior exploration company focused on gold and silver deposits.
On Tuesday, Adamera was up 5% and was trading at $0.10 a share. The company had a market cap of $3 million, based on 29.7 million shares outstanding. The 52-week high and low was $0.185 and $0.085 respectively.