IP survey completed on Cooke MountainHopefully, the recently completed IP survey allows them to better define existing drill targets, as well as identify new drill targets at the Cooke Mountain Gold Project. The following excerpt is taken from the November 10th, 2020 NR:
Joint venture partner HOC is funding new surveys to look deeper in order to identify sources for Adamera’s multiple gold discoveries and to identify entirely new targets.
The 34 line km IP survey has been completed. The data is currently being modelled using inversion software. The survey was designed to penetrate to a vertical depth of 200 metres, deeper than previous surveys which had targeted a shallower effective depth of 75-150 metres.
“A preliminary review of the data confirms we are seeing targets below those identified previously as well as responses indicative of entirely new targets. The Company will report on these targets in late November. The modelled IP data will be incorporated with other datasets to establish a drilling target roster,” says Mark Kolebaba, President and CEO of Adamara Minerals Corp.
Like most other junior mining stocks, ADZ has pulled back from its summer highs. I believe the current price of 0.08 presents a wonderful buying opportunity, given all the positive corporate developments and operational achievements that have been made since the start of 2020.
Now it's almost time to start drilling at Oversight, Goodfoot, and Lamefoot South. Hopefully, we can hit some high grade holes. Make it happen Mark!
GLTA