Adamera Minerals Update – Drilling Commenced at Empire Creek
June 13, 2014 (Source: Accesswire) — Adamera Minerals Corp. (TSX V: ADZ) announces drilling has commenced on the Empire Creek property. The program is focused in an area with several historic drill holes and recent trenches that encountered significant gold mineralization. Two of three drill holes have been completed. A third drill hole is currently underway. Any significant results from this program will be released.
Original historic drilling on the property appears to have targeted flat-lying mineralization. Work by Adamera suggests a different geological model with high-grade gold mineralization along several vertical to near vertical zones.
“The objective of this program is to determine control and orientation of the gold mineralized zones. With only 3 drill holes we are not attempting to test the entire property, we are simply testing an idea. Once this has been determined and further drilling is warranted, we will continue with a second drill program along strike and on several areas with similar characteristics,” says Mark Kolebaba President and CEO of Adamera Minerals Corp.
On the basis of prospecting and soil geochemistry the zones appear to extend for more than 500 metres along strike.
The Company’s AGM was held on June 10, 2014. During the meeting all resolutions were passed including the re-election of all directors.
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
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.
Raj Shah has been a member of the InvestorIntel.com team for the last nearly 9 years. Recruited from Merrill Lynch, he has over 13 years’ ... <Read more about Raj Shah>