Adamera Expands Land Position in Washington State
Vancouver, British Columbia, August 12, 2016 - Adamera Minerals Corp. (TSX-V: ADZ) announces that it has staked two additional mineral claim blocks in Washington State near the Oversight and Lambert Creek properties. Work on these claims is expected to begin in September.
"This is part of the company's long term land acquisition strategy and is a strong response to our recently developed geological model. Based on our new model, this additional land is highly prospective and covers part of a trend which is the key exploration target for Adamera." says Mark Kolebaba, President and CEO of Adamera Minerals Corp.
- Block 1 - The HLK claims cover more than 775 acres and are located approximately 1 km from the Kettle River Mill. The claims cover part of what the Company believes is an important mineralized trend.
- Block 2 - The LC claims cover more than 500 acres of important stratigraphy within the same trend. They are immediately west of the Key West gold mine and just north of the Overlook gold mine, making the Oversight and Lambert Creek properties a contiguous claim block.
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 an existing mill in need of ore. Adamera is exploring several projects and is the dominant exploration company in the area.
On behalf of the Board of Directors,
President & CEO
For additional information please contact:
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.