Business
Adamera Minerals President Letter to Shareholders 2020 Summary of Activities
TheNewswire – January 14th, 2021 - Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) Dear Shareholders, This letter provides a summary of the Company’s 2020 accompl
About this update from Adamera Minerals Corp.
[{"type":"text","content":"TheNewswire – January 14th, 2021 - Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) Dear Shareholders, This letter provides a summary of the Company’s 2020 accomplishments despite the restrictions related to COVID-19 and forest fire threats. Highlights of our achievements are as follows: Adamera formed a joint venture (“JV”) with senior mining company Hochschild Mining LLC (“Hochschild”) to fund exploration on our Cooke Mountain gold project for the foreseeable future. Significant exploration conducted by the JV to establish and prioritize drill targets for 2021. Additional land staked by the JV to explore new areas of exploration interest. Adamera staked the Buckhorn 2.0 gold project, a 9,100-acre land package surrounding the recently closed Buckhorn gold mine operated by Kinross Gold. New appointments to the Board and Advisory team, a reflection of the value of the Cooke Mountain and Buckhorn 2.0 assets. While gold has been rising for some time, it is only recently that the rising price has brought attention and finance to early-stage junior exploration companies like Adamera. To advance exploration Adamera put significant efforts into finding a partner for the Cooke Mountain project, an initiative that led to the January 2020 announcement of the JV with Hochschild. Their interest is primarily to follow up on targets that have returned high-grade drilling results. Adamera is acting as the operator of the JV. See news release dated January 22, 2020.) In early 2020 at Cooke Mountain, under the JV the Company successfully: Completed detailed mapping at Lamefoot South. Completed deep induced polarization (IP) surveying at Oversight, Lamefoot South and Goodfoot properties. All of the targets are in close proximity to previous mines. Developed high-priority drill targets at Lamefoot South, Goodfoot and Oversight properties for 2021 drilling. Increased the land position at Cooke Mountain by staking Iron Mountain (~3000 acres) Completed geological mapping and prospecting on the Iron Mountain property. On the Adamera 100% owned projects the Company successfully: Completed Staking the Buckhorn 2.0 property. Conducted geological mapping and prospecting on select areas of the property. Identified targets at the Magnetic Mine prospect on the Buckhorn 2.0 project and submitted a plan of...