Business
Adamera Minerals and Hochschild Mining Expand the Cooke Mountain Project Lands and Prepare 2020 Exploration Budget
Vancouver, B.C. - TheNewswire - March 11, 2020 - Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) announces that Adamera and its earn-in partner Hochschild Mining
About this update from Adamera Minerals Corp.
[{"type":"text","content":"Vancouver, B.C. - TheNewswire - March 11, 2020 - Adamera Minerals Corp. (TSXV: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. InvestmentPitch Media’s Fiona Forbes interviews Mark Kolebaba, President & CEO of Adamera Minerals - YouTubeTap to unmuteInvestmentPitch Media’s Fiona Forbes interviews Mark Kolebaba, President & CEO of Adamera MineralsInvestmentPitch MediaInvestmentPitch Media6.1K subscribersWatch on 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 Director...