Adamera Commences Exploration on the Flag Hill Gold Project
Vancouver, BC, April 21, 2015 - Adamera Minerals Corp. (TSX V: ADZ) announces that the 2015 spring exploration program is underway. A detailed ground magnetic survey was completed on the Flag Hill property to further evaluate recently identified structurally controlled, high-grade gold targets. Magnetic data has been processed and is currently being interpreted.
The new survey provides 25 metre line spaced magnetic data across most of the property. A preliminary review of the data highlights important structural details which will provide better targeting for drilling.
"At this level of detail, we can clearly see the trace of known veins on the property and more importantly, we observe similar signatures in areas with no outcrop providing additional targets," says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
The Flag Hill Property is located in the Republic Gold district in Washington State where nearly 3 million ounces of gold and 277 ounces of silver were produced at average grades of 20 g/t gold and 110 g/t silver respectively. The property is 10 kilometres from the operating Kettle River Mill.
Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in northeastern Washington State. The Company's strategy is to fast-track the discovery to production process by exploring close to a mill in need of ore. Adamera is exploring several projects with a goal to become the dominant exploration company in the area and to be positioned for M&A activity.
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
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.