Adamera Minerals is pleased to announce the closing of the previously announced financing dated December 4, 2017. The Company increased the private placement from 5 million units originally announced to 7,100,000 units. Each unit is priced at $0.10 and will consist of one common share and one non-transferable warrant, with each warrant entitling the holder to purchase one common share at a price of $0.20 for a period of 1 [...]
Adamera Minerals is pleased to announce that it has increased its non-brokered private placement to $710,000 and it is fully subscribed. The Company has increased the private placement from 5 million units originally announced on December 4, 3017 to 7,100,000 units. Each unit is priced at $0.10 and will consist of one common share and one non-transferable warrant, with each warrant entitling the holder to purchase one [...]
Adamera Minerals announces a non-brokered private placement of up to 5 million units at a price of $0.10 per unit for aggregate gross proceeds of up to $500,000. Each unit will consist of one common share and one non-transferable warrant, with each warrant entitling the holder to purchase one common share at a price of $0.20 for a period of 1 year following the closing date. The warrants are subject to an accelerated [...]
Adamera Minerals announces the discovery of high-grade gold in outcrop near the Overlook Gold Mine in Washigton State. Rock samples collected from the area assayed 64 g\t, 37 g\t, 30 g\t, 7.8 g/t and 2.1 g/t gold. This new prospect, called Outlook Ridge, is located on the Cooke Mountain project halfway between the historic Overlook and Key West gold mines. Outlook Ridge and the high-grade samples are located on northeast [...]
Adamera Minerals announces that drill hole OS17-07 has intersected two mineralized zones west of the Overlook Gold Mine in Washington State. Drill hole OS17-07 highlights an upper zone that assayed 2.9 g/t gold over 2 metres and a lower zone of 2.4 g/t over 5.7 metres including a 5.84 g/t interval . These intersections are approximately 35 metres northeast of drill hole OS17-06 which intersected upper and lower [...]
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 [...]
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