Adamera Provide Update on Drilling and Exploration Program
Vancouver, BC, Sept 23, 2014 - Adamera Minerals Corp. (TSX V: ADZ) has completed the first phase of exploration on its 100% owned gold projects in Washington State. Work on the projects included more than 1800 soil samples, 400 rock samples, 11 trenches, 50,000 line metres of magnetic surveying, 3000 line metres of SP and resistivity surveying and 12 drill holes. The Company is currently receiving, compiling and interpreting the geophysical and geochemical data on all projects. Results will be announced as soon as the geological interpretation of these results has been completed.
The Phase two exploration program will include diamond drilling on the two most advanced projects, Oversight and Flag Hill as well as continuing to advance the Poland China and Empire Creek projects with lightweight drilling, trenching and geochemical sampling.
"Our low-cost method of exploration has allowed us to work continuously over the year to advance projects. Finding the mineralized zone on our Oversight project which appears to be part of a previously mined system is definitely a priority and warrants drilling with a larger drill," says Mark Kolebaba, President of Adamera Minerals.
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 less than 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.