Vancouver, BC, / ACCESSWIRE / June 18, 2014 / Adamera Minerals Corp. (TSX V: ADZ) announces a Plan of Operation to include drilling and trenching on the Oversight property has been approved by the Bureau of Land Management (BLM). Work will commence shortly on the property.
The Oversight Property is well situated along an existing haul road 5 kilometres from the Kinross Mill. It is approximately 1 kilometres east of the Overlook Mine, 7 kilometres southeast of the Lamefoot Mine, and 2 kilometres southwest of the Key East and Key West mines. These mines together produced over 1 million ounces of gold. To view maps and diagrams click here
Adamera owns 100% of the mineral rights on the Oversight Property with no underlying royalty.
On June 16th shares from a private placement financing in February became free-trading, generating higher than usual volume for the day.
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.