Adamera and Hochschild Expand the Cooke Mountain Project Lands and Prepare 2020 Exploration Budget
TSX V: ADZ; OTC: DDNFF
News Release: 20-02
Adamera and Hochschild Expand the Cooke Mountain Project Lands and Prepare 2020
Exploration Budget
Vancouver, B.C., March 11, 2020 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF)
announces that Adamera and its earn-in partner Hochschild Mining PLC (LON: HOC) have acquired an
additional 2600 acres of land within the Cooke Mountain project area. The new claims were staked to
cover a terrain considered to be an extension of the geological and structural characteristics of the Cooke
Mountain project.
Winter conditions in the Republic district have turned mild, allowing Adamera to begin field activities in
preparation for a 2020 drilling program. Details of the program are now being formulated by Hochschild
and Adamera and both parties agree that induced polarization (IP) surveying to better define targets at
depth is a priority.
“The budget we are preparing demonstrates a significant commitment to the project. In the past few years
Adamera drilled several targets, returning high-grade gold results. This budget is being designed to
further test these intercepts, particularly at depth and also to test several new targets. We will press
release the final budget and details of the program as well as highest priority drill targets in the weeks
ahead,” says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
The Earn in agreement between Adamera and Hochschild was announced on January 22, 2020. Under the
terms of the agreement, Hochschild can earn a 60% interest in the projects by spending US$8 million
(approximately CAN$ 10.5million) on the project over 5 years. Hochschild can opt to earn an additional
15% of the project by sole funding a feasibility study over an additional 3 years subject to various
conditions further outlined in the January 22 release.
To learn more about this partnership take a look at this interview with Fiona Forbes and Mark Kolebaba.
https://www.youtube.com/watch?v=34fHvg6zzQ4
About Adamera
Adamera Minerals Corp. is exploring for a high-grade gold deposit near Republic Washington.
This area has reportedly produced over 7 million ounces of high-grade 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:
Tel: (604) 689-2010 Fax: (604) 484-7143
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.