Adamera Minerals 2014 Exploration Program - Diamond Drilling to Commence in May
08 April 2014 - 11:30PM
Access Wire
VANCOUVER, BC, / ACCESSWIRE / April 8, 2014 / Adamera Minerals
Corp. (TSX V: ADZ) presents an exploration summary and an update on
corporate activities. Diamond drilling with a lightweight drill is
scheduled to commence in early May.
Highlights for the Quarter include:
-2014 Program - Phase One begins, including diamond
drilling.
-Adamera completed financings for a total of $860,000
-Newsletter writers John Kaiser and Eric Coffin initiate
coverage
During the first quarter of 2014, Adamera focused on the
financing and preparations for the 2014 field program. The
objective is to test the high grade gold potential of several high
priority targets on the company's Washington properties. The
program will be carried out in three phases.
2014 Program - Phase One
Adamera has initiated its Phase One program which includes:
-
Trenching at the Poland China property
-
Diamond drilling at the Empire Creek property
-
Soil sampling at the Poland China and Flag Hill properties
-
Detailed vein mapping at Flag Hill
-
Locating and marking out drill and trench sites at the Flag Hill
and Oversight properties to facilitate phase two drilling permit
inspections.
Drilling at Empire Creek using the Company's light weight
diamond drill is anticipated to begin in early May.
The Company has developed a "test all significant targets"
strategy. This strategy incorporates the use of Adamera's drill and
a recently acquired small, low-impact, excavator fitted with rubber
tires to test shallow anomalies in tough, terrain at low cost.
"Our efforts over the past year have advanced numerous targets
to the drill ready stage. Upon completion of Phase One drilling at
Empire Creek, we expect the Phase Two program to include drilling
at the Flag Hill, Oversite and Poland China properties. Phase Three
drilling will be contingent on the results from the first two
phases and would involve more detailed drilling on the properties,"
says Mark Kolebaba, President of Adamera Minerals Corp.
Over the coming months, as the Company carries out exploration
programs on its 5 projects in and around the Kinross Buckhorn Mine
and Kettle River Mill in Washington State, the Company expects
significant news flow.
Analyst Coverage
During the first quarter, coverage was initiated by two
well-respected analysts; Eric Coffin of the Hard Rock Analyst
Report and John Kaiser with the Bottom Fish Report. Al Korelin and
Cory Fleck of the Korelin Economics Report continue to support our
Company.
Operations
Cost streamlining remains a priority for the Company with
respect to corporate and exploration activities. The Company and
Board of Directors would like to welcome Sheryl Eldson as Corporate
Secretary. The Company would like to thank Pamela White for her
service as corporate secretary during the interim.
We look forward to keeping shareholders updated on our
exploration programs over the coming months. Investors can also
follow us on twitter @ADZ_adamera and Facebook.
About Adamera
Adamera is exploring for high-grade gold near an operating mill
in Washington State owned by Kinross Gold Corp. The mill is
reported to be operating at half capacity with ore shipped 70
kilometres from the 1.3 million ounce Buckhorn mine. The Buckhorn
mine is a high grade, low-cost producer with only 2 years mine life
remaining. Adamera is currently exploring five projects with
high-grade gold potential within hauling distance of the Mill.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Heather Kays
Manager, Corporate Communications
Tel: (604) 689-2010
Fax: (604) 484-7143
Email: info@Adamera.com
Website: www.Adamera.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Statements in this press release, other than purely historical
information, including statements relating to the Company's
future plans and objectives or expected results, may include
forward-looking statements. Forward-looking statements are based on
numerous assumptions and are subject to all of the risks and
uncertainties inherent in resource exploration and development. As
a result, actual results may vary materially from those described
in the forward-looking statements.
SOURCE: Adamera Minerals Corp.
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