Adamera Minerals Corp
May 07 2014 - 9:29AM
Access Wire
Vancouver, BC / ACCESSWIRE / May 7, 2014 / Adamera Minerals
Corp. (TSX V: ADZ) announces the Red Star Venture Capital Inc.
agreement to acquire two northern uranium projects currently held
by Adamera has been cancelled. Red Star Venture Capital Inc. has
informed Adamera that it was unable to raise sufficient funds to
complete the transaction.
Adamera continues to pursue opportunities for its northern
projects which include several advanced and drill-ready gold,
uranium, copper/silver and diamond projects.
About Adamera
Adamera is exploring for high-grade gold near an operating mill
in Washington State owned by Kinross Gold Corp. The mill is
reported to be operating at half capacity with ore shipped 70
kilometres from the 1.3 million ounce Buckhorn mine. The Buckhorn
mine is a high grade, low-cost producer with only 2 years mine life
remaining. Adamera is currently exploring five projects with
high-grade gold potential within hauling distance of the Mill.
On behalf of the Board of Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Heather Kays
Manager, Corporate Communications
Tel: (604) 689-2010
Fax: (604) 484-7143
Email: info@Adamera.com
Website: www.Adamera.com
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 assumptions 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.
SOURCE: Adamera Minerals Corp.
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