Adamera Minerals announces that drill hole OS17-06 intersected two high-grade gold zones near the former Overlook Gold Mine in Washington State. An upper zone assayed 9.9 g/t gold over 2.1 metres with a deeper interval returning 9.6 g/t gold over 10.9 m. The upper zone separates two voids, interpreted to be karst (cave) features or fault zones. The lower intercept is 3 metres below the second void (See the Drill Section [...]
damera Minerals provides an update on its 2017 drill program in Washington State. New Sulphide Zone Discovered Near the Overlook Mine: Core samples from OS17-06, the latest hole drilled to date have been submitted to the lab for analysis on a rush basis. OS17-06 intersected sulfide mineralization below an unexpected mine working within the Overlook Gold Mine. The intercept is below the depth of a nearby historic drill [...]
Adamera Minerals provides an update on its 2017 drill program. The drill crew is back on site on the Oversight /Overlook targets for follow up drilling. Due to cooler temperatures and recent precipitation, restrictions on our drilling activities have now been lifted. Holes OS17-01and OS17-03 which tested the Oversight conductor contained shallow zones with high-grade gold (see news dated Sept 07, 2017). Follow up drilling [...]
Adamera Minerals announces that assays from two holes drilled to test the Oversight geophysical/ geochemical anomaly carry gold at grades that warrant immediate follow up drilling. The results in hand to date from holes OS17-01 and OS17-03 support the validity of VTEM conductors as exploration targets. The new gold mineralization is shallow and thus very cost effective to drill test. Drill Hole Azimuth Dip ...
Adamera Minerals announce that it has intersected a massive magnetite zone with significant sulfides in the first drill hole on the Oversight property in Washington State. This zone is distinctly similar to the ore zones described in the Overlook Gold Mine. Assays are pending. Drill hole OS17-1, intersected 8 metres of massive magnetite with sulfide mineralization between 87.5 metres and 95.5 metres. The stratigraphy [...]
Adamera Minerals reports that since March 31, 2017, the Company has received $1,680,267 from the exercise of 16,802,667 warrants relating to June 2013 and June 2016 private placements. The early exercise of these warrants is due to forced exercise provisions as described in the Company News Release dated May 12, 2017. A total of 99.9% of the warrants related to these private placement were exercised. The remaining 8000 [...]
Adamera Minerals reports the 2017 drilling program in Washington State is underway. The first hole to be drilled is on the Oversight target immediately east of the past producing Overlook gold mine. The drill hole will test a 70 metre deep VTEM conductor supported by soil geochemistry. "It has been a long process to develop these high confidence targets with multiple layers of supporting data. Target development entailed [...]
Adamera Minerals reports the Company has granted 2,400,000 incentive stock options to certain directors, officers, employees and consultants of the Company pursuant to the Company's stock option plan. The options are exercisable at a price of $0.20 per share. About Adamera is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. While the [...]
Adamera Minerals reports on modelling of two new VTEM electromagnetic targets on the Cooke Mountain Project in Washington State. The new targets include a possible extension to the past producing Overlook gold mine, and an adjacent anomaly referred to as the Oversight target. Both targets are permitted for drilling. Adamera has defined 10 VTEM targets and one soil geochemical anomaly that warrant exploration drilling in [...]
Adamera Minerals announces that warrant holders of common share purchase warrants dated December 20, 2017 with an exercise price of $0.10 are now subject to a 30-day forced exercise provision as the Company's closing share price met or exceeded $0.20 for 10 consecutive trading days. The warrant holders have 30 days from the date of this news release to exercise their warrants with an end date of June 10, 2017, otherwise [...]
Adamera Minerals announces it has received letters of acceptance from the Bureau of Land Management (BLM), a federal authority, approving a plan to drill seven targets located on BLM land within the Cooke Mountain project in Washington State. These targets are additional to the Company's April 18, 2017 announcement that it had received drill permits for targets located on state lands within the project area. Those targets [...]
Adamera Minerals announces that it has initiated its 2017 Cooke Mountain exploration program in Washington State. Highlights of the program will include: -Diamond (core) drilling - 3000 metres (phase 1) -Soil Surveys - 8000 samples -Ground magnetic surveying -Induced Polarization (IP) surveying -Geological mapping and prospecting Adamera's cash position as of May 1, 2017 was $1.5 M, giving the company the flexibility [...]