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adamera minerals corp (ADZ) Snapshot

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adamera minerals corp (ADZ) Details

Adamera Minerals Corp., an exploration stage company, is engaged in the acquisition and exploration of precious metals. The company explores for gold/silver, uranium, and copper deposits in Washington State. It holds interests in Poland/China and Golden Reward properties located in Okanogan County, Washington; and Empire Creek, Talisman, Flag Hill, and Oversight properties located in Ferry County, Washington, as well as in Alder Historic Mine Site in Washington. The company also owns interests in various properties located in Nunavut and Northwest Territories, Canada. Adamera Minerals Corp. is headquartered in Vancouver, Canada.

adamera minerals corp (ADZ) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$122.4K
Chief Financial Officer
Total Annual Compensation: C$57.0K
Compensation as of Fiscal Year 2013.

adamera minerals corp (ADZ) Key Developments

Adamera Minerals Corp. Receives Drill Results from the Oversight Gold Property in Washington

Adamera Minerals Corp. has received drill results from the Oversight gold property in Washington State. The shallow drilling returned elevated gold, copper and/or zinc values, with gold assays in the 9 hole program ranging from < 0.25 - 2.5 g/t. A high- grade gold zone has not yet been delineated, although the results clearly confirm the prospectivity of the property. Additional drilling with a deeper penetrating drill is planned to test for high-grade zones at depth. At the adjacent Overlook Mine, gold occurs in two ore zones: a massive magnetite/sulfide zone and a tockwork zone. Adamera's drill program demonstrates that both zones also exist on Oversight. The Overlook deposit, located within 100 metres to the west boundary of Oversight, reportedly produced 280,000 ounces at 5.5 g/t gold. The Oversight property straddles the existing haul road to the Kettle River Mill which was used to transport gold ore from the Overlook, Key East and Key West gold mines. The Oversight Property is 5km from the mill.

Adamera Minerals Corp. Completes the First Phase of Exploration Gold Projects in Washington State

Adamera Minerals Corp. has completed the first phase of exploration on its 100% owned gold projects in Washington State. Work on the projects included more than 1800 soil samples, 400 rock samples, 11 trenches, 50,000 line metres of magnetic surveying, 3000 line metres of SP and resistivity surveying and 12 drill holes. The Company is currently receiving, compiling and interpreting the geophysical and geochemical data on all projects.

Adamera Minerals Corp. Provides Drilling Update at Oversight Project in Washington State

Adamera Minerals Corp. has completed 9 shallow drill holes on the 100% owned Oversight project in Washington State. Five of the holes intersected the mineralized horizon which ranges from 2.5 to 6 metres in thickness. Gold assays for the intersections are pending. The Oversight mineralized horizon appears to be an extension of the adjacent Overlook deposit as it is in roughly the same stratigraphic position and exhibits the same style of mineralization. The drill data and assays will be used to help vector towards high-grade gold mineralization within the horizon. Earlier in the program Adamera intersected a gold bearing magnetite/sulfide horizon. An angled drill hole at a depth of 28.7 metres intersected a 6.8 metre zone of predominantly magnetite with a 0.3 meter zone of massive sulfides containing 2.5 g/t gold. The oversight property straddles the existing haul road which was used to transport gold ore from the overlook, Key East and Key West mines to the mill which is currently owned by Kinross Gold. The mill is used primarily to process ore from the Buckhorn Mine which lies nearly 70 km away from the mill. Those three mines produced a total of over one million ounces of gold over the last quarter century. The Oversight Property lies about 5km from the mill.


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