Adamera Receives Further Approvals for Drilling
Vancouver, British Columbia, May 10, 2017 -- Adamera Minerals Corp. (TSX-V: ADZ, OTC: DDNFF) announces it has received letters of acceptance from the Bureau of Land Management (BLM), a federal authority, approving a plan to drill seven targets located on BLM land within the Cooke Mountain project in Washington State.
These targets are additional to the Company's April 18, 2017 announcement that it had received drill permits for targets located on state lands within the project area. Those targets included Big Banana, CM-SE-2, CM-SE-6 and four targets being refined for prioritization.
A total of 14 targets on BLM and state land are now drill-ready. A separate application for drilling targets on US Forest Service land is in progress.
"This project is moving in the right direction. We are gratified that the process for drilling in Washington is straight forward and timely. We have 14 targets ready for drilling with more progressing. I continue to anticipate drilling will begin on schedule before the end of May," states Mark Kolebaba, President and CEO of Adamera Minerals.
Gold results for soil samples over several targets on BLM land are expected shortly. Adamera will provide additional target descriptions once those results are received and interpreted.
Adamera's Phase 1 drill program anticipates 3000 metres of drilling to test 8-10 targets.
Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in Northeastern Washington State. While management feels the existing third-party mill and superior logistics allow a smaller resource to be potentially economic, Adamera's primary goal is the discovery of a large stand-alone high grade gold resource. Adamera is the dominant regional 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 assujmptions 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.