Adamera 2021 Exploration Underway
TSX V: ADZ; OTC: DDNFF
News Release: 21-06
Adamera 2021 Exploration Underway
Vancouver, B.C., March 30, 2021 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF)
(“Adamera” or the “Company”) announces the start of 2021exploration at its’ Buckhorn 2.0 and Cooke
Mountain gold projects in Washington State, USA. The next announcement from the Company is
expected to be the commencement of drilling at Cooke Mountain.
Exploration at Cooke Mountain is being funded by Hochschild Mining Ltd (HOC: LON) under a joint
venture (“JV”) agreement (see press release January 22, 2020). The 2021 exploration budget is
anticipated to be $1.0 million and will include a Phase 1 drilling program of about 3,000 metres to test a
minimum of 4 targets.
Exploration at Buckhorn 2.0 will ramp up as snow melts. Geophysics, sampling and mapping on the
Keystone prospect, immediately south of the Buckhorn gold mine landholding (Kinross Gold) is the first
target. Exploration will be extended to other parts of the property that Adamera considers the most
prospective later in the spring. Permits are in process and an initial drill program is anticipated later in the
year.
“Despite the challenges and multiple restrictions associated with COVID-19, Adamera is proud to have
achieved so much over the past year. Among other things, we completed a $1,600,000 financing at
twice the price of our previous financing and strengthened our Board and Management teams.
Additionally, the partnership with Hochschild and the acquisition of the Buckhorn 2.0 lands are
clearly exciting developments in 2020. I am looking forward to a discovery in 2021," says Mark
Kolebaba, President and CEO of Adamera.
The Washington exploration team will begin with 5 Adamera personnel and will increase as our program
ramps up. Protocols for COVID-19 will continue to be a priority for the Company.
Martin St. Pierre P.Geoph, a Qualified Person as defined by National Instrument 43-101, has reviewed
data associated with the project and provided quality control for the IP survey completed in 2020.
About Adamera
Adamera Minerals Corp. is exploring for a high-grade gold deposit near Republic, Washington. This area
has reportedly produced 8 million ounces of gold. Adamera is the dominant regional explorer in the area.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: [email protected]
Website: www.Adamera.com
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.