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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. Completes a Spontaneous Potential and Gradient Array Survey Oversight Property in Washington State

Adamera Minerals Corp. has completed a spontaneous potential (SP) and gradient array survey over part of its 100% owned Oversight Property in Washington State to target gold bearing massive sulfide units associated with magnetite. This survey was conducted in response to Adamera intersecting a gold bearing magnetite /sulfide horizon. The survey defines several high-priority targets interpreted to be sulfide-rich horizons. Drilling has resumed to test these targets. The Overlook deposit, located approximately 600 metres to the west of Oversight, reportedly contained 425,000 oz of gold at an average grade of 5g/t in massive sulfide portions of the magnetite /sulfide horizon. 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.

Adamera Minerals Corp. Intersects Gold Bearing Zone in Massive Sulfide/Magnetite Horizon at Oversight

Adamera Minerals Corp. intersects a gold bearing horizon on its 100% owned Oversight Property in Washington State. This horizon is geologically similar to the ore mined at the Overlook and Key West deposits located 600 metres west and 800 metres north respectively. A drill hole to test the most intense magnetic anomaly on the property confirmed the presence of a gold bearing magnetite /sulfide horizon. At a depth of 28.7 metres, this angled drill hole intersected a 6.8 metre zone of predominantly magnetite with a 0.3 meter zone of massive sulfides containing 2.5 g/t gold. High-grade gold at the Overlook and Key West deposits also occur in the massive sulfide portions of this magnetite /sulfide horizon. Upon successfully identifying this horizon and determining that the gold is within the sulfide zones, Adamera is now targeting thicker massive sulfide portions using electrical geophysical techniques. Drilling is expected to resume immediately.

Adamera Minerals Corp. Announces Plan of Operation to Drilling and Trenching on the Oversight Property

Adamera Minerals Corp. announced a Plan of Operation to include drilling and trenching on the Oversight property has been approved by the Bureau of Land Management (BLM). Work will commence shortly on the property. The Oversight Property is well situated along an existing haul road 5 kilometres from the Kinross Mill. It is approximately 1 kilometres east of the Overlook Mine, 7 kilometres southeast of the Lamefoot Mine, and 2 kilometres southwest of the Key East and Key West mines. These mines together produced over 1 million ounces of gold.


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