Start of 2021 Drill Program Nice close to the week for ADZ on news of commencement of their 2021 drill program. Finally. Here's hoping for some high grade intercepts.
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Adamera Drilling the Lamefoot South Gold Target in Washington State
Vancouver, B.C. - TheNewswire - May 6, 2021 - Adamera Minerals Corp. (“Adamera” or the “Company”) (TSX V: ADZ ) ( OTC: DDNFF) announces the start of its 2021 drilling program on the Cooke Mountain Gold Project near Republic, Washington. The drill is sited on the Lamefoot South property, the first of three properties to be drilled. The program is being funded by Hochschild Mining Ltd.
The first target, HA-1, is defined by an Induced Polarization (IP) anomaly with gold in soils and a geological setting (limestone-clastic contact) that appears to be similar to that of the past producing Lamefoot gold mine 1,300 metres to the north. The Lamefoot deposit is reported to contain nearly 1 million ounces gold at a grade of 8-10 g/t.
"We are excited to begin our 2021 drilling program. These are well developed multi-discipline targets in close proximity to known deposits. In addition to discovery, our top priority will be to ensure our employees and contractors adhere to Washington state Covid-19 protocols , ” says Mark Kolebaba, President and CEO of Adamera.
The program is operated by Adamera and funded by Hochschild Mining Ltd (HOC: LON) under a joint venture (“JV”) agreement (see press release dated January 22, 2020). The 2021 exploration budget is approximately $1.0 million and will include a Phase 1 drilling program of about 3,000 metres testing a minimum of 4 targets.
GLTA