DDNFF - Adamera Drilling the Lamefoot South Gold Target in Washington State
(TheNewswire)
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 CookeMountain Gold Project near Republic, Washington. The drill is sited onthe Lamefoot South property, the first of three properties to bedrilled. The program is being funded by Hochschild Mining Ltd.
The first target, HA-1, is defined by an InducedPolarization (IP) anomaly with gold in soils and a geological setting(limestone-clastic contact) that appears to be similar to that of thepast producing Lamefoot gold mine 1,300 metres to the north. TheLamefoot deposit is reported to contain nearly 1million ounces gold at a grade of 8-10 g/t.
“ We areexcited to begin our 2021 drilling program. These are well developedmulti-discipline targets in close proximity to known deposits. Inaddition to discovery, our top priority will be to ensure ouremployees and contractors adhere to Washington state Covid-19protocols , ” says Mark Kolebaba, President and CEO ofAdamera.
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 3,000 metres testinga minimum of 4 targets.
Martin St. Pierre P.Geoph, a Qualified Person asdefined by National Instrument 43-101, has reviewed data associatedwith the project.
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 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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