DDNFF - Adamera Completes Eight Drill Holes on the Cooke Mountain Gold Project
(TheNewswire)
Vancouver, B.C. - TheNewswire - July 27 , 2021 - AdameraMinerals Corp. (“Adamera” or the“Company”) (TSXV:ADZ ) ; ( OTC:DDNFF) provides an update on the 2021 drilling program with jointventure partner Hochschild Mining LLC (LON: HOC) on the Cooke Mountainproject near Republic Washington.
Due to extremely dry and hot weather conditions, firethreats in the area have continued to escalate and drilling operationshave been suspended temporarily until the fire threat subsides. Upuntil the suspension drilling had progressed well with a total of 8holes completing just under 3000 metres. Drilling tested a number oftargets as follows:
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-- 2 holes on the Lamefoot Southproperty
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-- 2 holes on the Goodfootproperty
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-- 2 holes north of the OverlookMine
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-- 2 holes near the OversightProspect south east of the Overlook Mine.
An estimated 800 samples are to be submitted for goldand multi-element analysis. So far, only gold results for 153 sampleshave been received. The samples returned have identified gold, howeverhave not yet identified areas with significant high-grade goldintervals. Adamera has yet to receive results for the entire lengthof any drill hole.
“ We areencouraged by what we are seeing in the drill core and anxiously awaitlab results. As with the rest of the industry assay delays arefrustrating to us all . During this drill shut down thecompany will evaluate results as they come in and prioritize targetsusing all the data from the drill holes, ” says Mark Kolebaba, President and CEO of Adamera.
In addition to drilling, Adamera is completing a groundmagnetic survey over the Iron Mountain claims, part of the CookeMountain JV with Hochschild.
The program is operated by Adamera and funded by Hochschild Mining Ltd (HOC: LON) under a jointventure (“JV”) agreement (see press release dated January 22,2020). The 2021 exploration budget is approximately $1.0 million andwill include a Phase 1 drilling program of about 3000 metres testing aminimum of four targets.
Jim Ebisch P.Geo, a Qualified Person as defined by National Instrument43-101, has reviewed data associated with the project.
Adamera Minerals Corp. is exploring for high-grade golddeposits near Republic Washington. This area has reportedly produced 8million ounces of gold. Adamera is the dominant regional explorer inthe 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 anduncertainties inherent in resource exploration and development. As aresult, actual results may vary materially from those described in theforward-looking statements.
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