Plan of Operation for Adamera's Flag Hill Property Approved
Vancouver, BC, May 21, 2014 - Adamera Minerals Corp. (TSX V: ADZ) announces a Plan of Operation including drilling and trenching on the Flag Hill property has been approved by the Bureau of Land Management (BLM).
Work on the property has begun. Five trenches have been excavated and sampled; any significant assay values will be reported. In addition, approximately 200 soil samples collected across the property have been analyzed by the Company using an XRF instrument. Interpretation of the soil data is underway.
The Flag Hill property is in the Republic Gold Mining District where approximately 3 million ounces of gold and 15 million ounces of silver where mined at average grades of 20 g/t gold and 110 g/t silver.
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.