News from Adamera Minerals
Cory and I had an interesting conversation with the folks from Adamera yesterday at the San Francisco Intestment Conference. The Company came out with this news release today:
Adamera Defines New Targets Near the Poland-China Mine
The survey successfully identified several resistive zones, interpreted to be zones of increased silicification and SP anomalies interpreted to be zones of increased sulfide content. Resulting high priority targets have both resistive and SP anomalies. The gradient array survey supports a north-dipping conductive shear zone which appears to continue at depth.
Drill hole DDH-10, which returned 29g/t Au over 0.40 metres within a 3.7 metre wide zone averaging 4.5 g/t Au, appears to have just penetrated the margin of a resistive zone and nearby SP anomaly. The main portion of this resistive zone remains untested and is a high priority target for further drill testing. Several similar untested targets exist within the survey area.
“The correlation between this survey and our new deposit model is compelling. It has delivered several new targets to test around the mine site and provides increased confidence of a significant down-dip extension,” says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
Two to three shallow drill holes are recommended to test the predictability of the high-grade gold zone intersected in DDH-10 and also the extent of a resistive zone.
The survey was designed by and conducted under the supervision of C. Topping. The data was interpreted by R. Fox of Practical geophysics. Jim Ebisch, P.Geol is the Qualified Person as defined by National Instrument 43-101 reviewing the data in this release.
About Adamera
Adamera’s strategy in Washington State is to discover high-grade gold mineralization near the Kinross Kettle River Mill. The Kinross 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 has only 2 years reported mine life remaining. Average grade of the Buckhorn mine is 11.3 g/t gold and production costs are reported to be between $420 and $500 per ounce. Adamera is currently exploring five projects with high-grade gold potential within hauling distance of the Kinross 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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
http://www.youtube.com/watch?v=KMcLbh6BNK0 happy to you all !
happy ?????????http://www.youtube.com/watch?v=t4N93jLVPIA yueeeeee
happy http://www.youtube.com/watch?v=P3hY1eagq88 !!!!!!!!!
Hey Franky you big Youtube fan! Much longer video by Bible Code guy who uses example of a chart of CEMIG stock that jumped out of the screen at me because it looked like gold. There is a chart and commentary on this page here comparing CEMIG to gold.
http://1000gold.blogspot.co.uk/2013/11/gold-compared-to-cemig-stock-uscig.html
I want to share with you the remarkable similarity between the behaviour of gold and the behaiour of stock of the company CEMIG (US ticker CIG), the Companhia Energética de Minas Gerais S.A. in Brazil.
I noticed this as I viewed the (very long) video advert from Sean Hyman who is promoting his Biblical Money Code service on kitco.com on Tuesday (yesterday).
He showed CEMIG stock chart from 2012-2013.
The video is too long really – he should cut it by 1/2 or 2/3 – too repetitive but interesting content!
He showed CEMIG stock as an illustration of sentiment extremes at a low, despite what he described as strong fundamental analysis of the stock at the time.
I just looked agog as I saw something that looked identical to the gold chart:
A downtrend off a top (like gold from $1800 to the mid-$1500s) followed by
a tiny bounce in a downtrend (like gold at $1590) followed by
a huge drop (like 12-15 April gold to $1321) followed by
an abortive rally (like gold to 1480) followed by
another downtrend accelerating to a new low (like gold to $1180 on 27-28 June) followed by
a decent rally (like gold from $1180 to $1434 by August) foll.owed by
another decline with a crummy corrective rally in the middle (like gold from late Aug to late Nov 2013), then to where?
To a new low! Followed by
a decent rally (as if gold rallies to above $1434) folowed by
a sharp downmove to yet another new low followed by
a choppy and gradual repair process.
I wonder if this is a model for gold?
The Biblical Money Code advert video is linked from the above page and it speaks of “looking well into the matter” and also of Biblical ethics with regard to investing and offers what sounds like an interesting service. Have a cup of coffee or tea and a piece of cake handy – it is a really long video!
I am missing Rick and Doc’s comments. I guess you have a technical problem with mp3s this week at the conference.
Looking at my charts today, I wonder if there are rally targets on gold: 1250 and 1240-1244.
If the price drifted upwards or sideways to the red line on the chart below which has been resistance recently, the uptrend of the last 2 days would just be a wash rinse and repeat cycle of the last several weeks.
Gold needs to get above $1250 to have a chance at a rally. Strangely or maybe not so strangly, the present rally could just hit $1250 which is also horizontal resistance that preciously was support a number of weeks ago. It seems almost an ideal place for this rally to stop and turn back down.
A break decently above $1251 (especially a daily or weekly close) would be potentially bullish.
Here is my chart, for what it’s worth!
http://1000gold.blogspot.co.uk/2013/11/rally-targets-on-gold-1250-and-1240.html
Gold is a pain to trade, long or short, even though the pattern is quite clear.
Price might intersect the red resistance line tonight 28 November or Friday 29 November so there should be a signal at that point quite soon.
Hey!! Gold closed above 1251, spot gold made a daily and weekly close at $1252.10/1256.10 bid/ask (quite a big sptead actualy).
WOW!. I am a bit surprised and hats off to Gary Savage for saying the previous day that he spotteda big buy in GLD on Tuesday as a bullish signal.
Happy Thanksgiving to USA
-and others are thankful too
China Gives Thanks For Cheap Gold
by John Rubino on November 28, 2013
http://dollarcollapse.com/gold/china-gives-thanks-for-cheap-gold/
A few do not understood is actually how you are not really far more neatly-liked than you could be right now. You’re very intelligent. You know therefore considerably in relation to this matter, made me personally believe it from a lot of varied angles. Its like people don’t seem to be interested except it
HAPPY THANKSGIVING DAY…….TO ALL………………..