DDNFF - Adamera Identifies Targets on New Claims on the Southern Extension of the Cooke Mountain Gold Project - Grab Sample Yields 18.6 g/t Gold
(TheNewswire)
Vancouver, B.C. - TheNewswire - October 20, 2020 - Adamera MineralsCorp. (TSXV:ADZ ) ( OTC: DDNFF)
has identified new areas of interest on the IronMountain gold claims that were staked in early 2020 as part of theCooke Mountain Gold Project - Hochschild Mining earn in agreement.Rock samples collected during a mapping program in July have beenanalyzed and one sample in particular returned 18.6 g/t gold.
Outcrop exposure in the area is rare and detailedmapping, prospecting, soil sampling and magnetic surveying is beingconsidered to help define and develop targets for follow updrilling.
" Wecontinue to collect, compile and review data on the Cooke Mountain andBuckhorn 2.0 projects to better define existing targets as well asidentify new ones. Despite delays and difficulties related to Covid 19, poor air conditions from dense smoke andwork restrictions due to local fire threats we have managed to makesignificant progress as we continue working in preparation fordrilling," says Mark Kolebaba, Presidentand CEO of Adamara Minerals Corp.
The Cooke Mountain Gold Project is funded under theterms of an earn-in agreement with Hochschild Mining (LON: HOC)( See news release dated January 22,2020 ).
Property wide induced polarization (IP) surveying onthe Cooke Mountain project at Oversight, Goodfoot and Lamefoot Southproperties is underway. New IP data is further prioritizing targetsfor drilling as well as identify new drill targets to be tested laterin the season.
Jim Ebisch P.Geo, is a Qualified Person as defined byNational Instrument 43-101 has reviewed data associated with theproject.
Adamera Minerals Corp. is exploring for multiplehigh-grade gold deposits in northeast Washington State. This area hasreported produced of +7 million ounces of gold. Adamera is thedominant regional explorer in the area.
The Company recently announced the acquisition ofBuckhorn 2.0 and changes to its' Board of Directors andAdvsors.
On behalf of the Board of 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, may includeforward-looking statements. Forward-looking statements are based onnumerous 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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