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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

Post by inseon May 08, 2021 12:44am
304 Views
Post# 33158981

Start of 2021 Drill Program

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.


$0.115 +0.005 | 4.55%Bid: 0.11 x 22500Ask: 0.115 x 30500Volume: 141,121
 

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

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