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Adamera Minerals Corp V.ADZ

Alternate Symbol(s):  DDNFF

Adamera Minerals Corp. is an exploration stage company, which is engaged in the acquisition and exploration of precious metals. Its projects include Cooke Mountain Project, Buckhorn-2, Empire Creek Project, Flag Hill Mine Project, Talisman Historic Copper-Silver Mine, and Hedley Project. The Cooke Mountain project includes the Goodfoot, Lamefoot South, Overlook, Oversight, Lambert Creek and the HLK claims. It holds a 100% interest in the Buckhorn Project. The project area located in Northeast Washington state covers 9100 acres and extends more than 10 kilometers to the Canadian-USA border, along the western margin of the Torada Graben. The Empire Creek property is located on the western margin of the Republic Graben 6km south of the K2 Mine which produced over one million ounces of gold and 15km north of the Republic gold district. The Hedley project area covers approximately 154 square kilometers of prospective land. It also has the rights to explore the Flag Hill South gold property.


TSXV:ADZ - Post by User

Bullboard Posts
Post by JamesEbischon Dec 04, 2017 9:57am
187 Views
Post# 27083979

200 meters down to 3 g/t

200 meters down to 3 g/tThe gold mineralization may be at roughly 200m depth, but that is becasue the drill site is near the top of Cooke Mountain. To get that mineraliztion out, rather than digging a vertical shaft, they merely have to put in a shallow decline from a lower elevation on the mountain as Echo Bay Mines did when they mined the Overlook ore body nearly 3 decades ago. The depth from the Echo Bay drillsites to ore was about 130-150 meters. I might also mention that the original decline is still there, just with a cement plug, so access might be much cheaper than starting a new decline from surface. At a time of $350/ounce gold, Echo Bay mined 5 g/t gold from the Overlook orebody. So, now that gold is about $1300/ounce, it sure seems likely that a profit can be made by someone, especially since the capital outlay for a mill is already done. The VTEM that Adamera has been using has been turning up new blind targets. It seems like there is stacked mineralization rather than just one stratigraphic interval, OR, that stratigraphic interval is faulted into separate blocks that can be detected using the VTEM survey.Wise up!
Bullboard Posts