DDNFF - Adamera 2021 Exploration Underway
(TheNewswire)
Vancouver, B.C. - TheNewswire - March30 , 2021 - Adamera Minerals Corp. (TSXV:ADZ ) ; ( OTC:DDNFF) (“Adamera”or the “Company”) announces the start of2021exploration at its’ Buckhorn 2.0 and Cooke Mountain goldprojects in Washington State, USA. The next announcement from theCompany is expected to be the commencement of drilling at CookeMountain.
Exploration at CookeMountain is being funded by Hochschild Mining Ltd (HOC: LON) under ajoint venture (“JV”) agreement (see press release January 22,2020). The 2021 exploration budget is anticipated to be $1.0 millionand will include a Phase 1 drilling program of about 3,000 metres totest a minimum of 4 targets.
Exploration at Buckhorn2.0 will ramp up as snow melts. Geophysics, sampling and mapping onthe Keystone prospect, immediately south of the Buckhorn gold minelandholding (Kinross Gold) is the first target. Exploration will beextended to other parts of the property that Adamera considers themost prospective later in the spring. Permits are in process and aninitial drill program is anticipated later in the year.
“Despite the challenges and multiplerestrictions associated with COVID-19, Adamera is proud to haveachieved so much over the past year. Among other things, we completeda $1,600,000 financing at twice the price of our previous financingand strengthened our Board and Management teams. Additionally, thepartnership with Hochschild and the acquisition of the Buckhorn 2.0lands are clearly exciting developments in 2020. I am looking forwardto a discovery in 2021, " says Mark Kolebaba,President and CEO of Adamera.
The Washingtonexploration team will begin with 5 Adamera personnel and will increaseas our program ramps up. Protocols for COVID-19 will continue to bea priority for the Company.
Martin St. Pierre P.Geoph, a Qualified Person asdefined by National Instrument 43-101, has reviewed data associatedwith the project and provided quality control for the IP surveycompleted in 2020.
Adamera Minerals Corp. is exploring for a high-gradegold deposit near Republic, Washington. This area has reportedlyproduced 8 million ounces of gold. Adamera is the dominant regionalexplorer in the area.
On behalf of the Boardof Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com
The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy oraccuracy of this release. Statements in this press release, other thanpurely historical information, including statements relating to theCompany’s future plans and objectives or expected results, mayinclude forward-looking statements. Forward-looking statements arebased on numerous assumptions and are subject to all of the risks and uncertainties inherent inresource exploration and development. As a result, actual results mayvary materially from those described in the forward-lookingstatements.
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