(TheNewswire)
Vancouver, BC, July 27, 2022 – TheNewswire - Adamera Minerals Corp. ( TSXV:ADZ ) , ( OTC:DDNFF ) announcesdrilling has started on the Lamefoot South Gold property in WashingtonState. A series of drill holes have been planned to follow-up a goldoccurrence discovered in drill hole PL-6 in 2021. PL-6 intercepted 4.7g/t gold over 2.7 metres including 0.76 metres at 10.7 g/t gold at adepth of 24 metres.
Adamera is targetting multiple pods of mineralizationalong a limestone-clastic contact, analogous to the past producingLamefoot Gold Mine 1 km to the north. The Lamefoot Mine containednearly a million ounces of gold grading at 8 to 10 g/t. The minereportedly developed 7 pods of ore.
The first target is within a visually recognizableenvelope of lower grade semi-massive sulfides near the favourablelimestone-clastic contact. Based on previous drilling, the zone isexpected to form a pod plunging steeply to the northwest. The surfaceexpression of the target is coincident soil geochemistry withcoicident magnetic and self potential anomalies. Depending on the results of thisprogram, other similar features will be tested.
Separately, on July 18, 2022, Hochschild Miningprovided notice of termination of the Cooke Mountain Option Agreement. Hochschild’s $1.8 million expendituresignificantly advanced the project through geophysical surveys anddrilling. Adamera now holds an unconditional100% interest in the Cooke Mountain Project.
“ We aregrateful for the work completed by Hochschild. We will now advance theproject independently, drilling targets that have been prioritizedover the past two years. Lamefoot South is in a complex geologicalsetting and as such warrants this strategic drilling to pin downspecific geological controls. Drilling on our Buckhorn project isscheduled to begin in August, ” says MarkKolebaba, President and CEO of Adamera Minerals Corp.
M. St. Pierre P.Geo, a Qualified Person as defined byNational Instrument 43-101, assists in reviewing the data associatedwith 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 Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com
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