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.
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.
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.
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,
President & CEO
For additional information please contact:
Manager, Corporate Communications
Tel: (604) 689-2010
Fax: (604) 484-7143
Email: [email protected]
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.