Plan of Operation Approved on Adamera's Oversight Property
June 18 2014 - 9:29AM
Access Wire
Vancouver, BC, / ACCESSWIRE / June
18, 2014 / Adamera Minerals Corp. (TSX V: ADZ)
announces 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. To view maps
and diagrams click
here
Adamera owns 100%
of the mineral rights on the Oversight Property with no underlying
royalty.
Other Business
On June
16th shares from a private placement
financing in February became free-trading, generating higher than
usual volume for the day.
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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