(TheNewswire)
Vancouver, B. C. - TheNewswire - November 10th , 2020 - Adamera Minerals Corp. (TSXV:ADZ ) ( OTC:DDNFF) andHochschild Mining (LON:HOC) have completed the Cooke Mountain 2020induced polarization (IP) survey on the Oversight, Goodfoot andLamefoot South gold projects. The data is currently being modeledwith interpretations expected to be completed in two weeks. Theresults will be used to better define existing targets and to identifynew "blind"targets for drilling. Oversight,Lamefoot Southgold projects located in the Republic mining camp of Washington State.This region has historically produced over 7 million ounces ofhigh-grade gold.
IP is a geophysical technique known to be ideal fordetecting sulphides that are associated with gold deposits in thedistrict. The type of electrode array and the transmitter performancedetermine the depth that the system can effectively detect potentialorebodies. Joint venture partner HOC is funding new surveys to lookdeeper in order to identify sources for Adamera's multiple golddiscoveries and to identify entirely new targets.
The 34 line km IP survey has been completed. The datais currently being modelled using inversion software. Thesurvey was designed to penetrate to a vertical depth of200 metres, deeper than previous surveys which had targeted ashallower effective depth of 75-150 metres.
"A preliminary review of the data confirms we areseeing targets below those identified previously as well as responsesindicative of entirely new targets. The Company will report on thesetargets in late November. The modelled IP data will be incorporatedwith other datasets to establish a drilling target roster ," says MarkKolebaba, President and 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 ).
Martin St. Pierre P.Geoph, is a Qualified Person asdefined by National Instrument 43-101 has reviewed data associatedwith the project.
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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