Five Drill Holes Completed On Cooke Mountain Gold Project

VANCOUVER - Adamera Minerals Corp. reported an update on the 2021 drill program with joint venture partner Hochschild Mining LLC on the Cooke Mountain project near Republic Washington. Adamera has completed five drill holes to date for approximately 1500 meters of a 3000 meter program. Drilling has tested targets on three prospects within the Goodfoot, Lamefoot South and Oversight properties. Zones with sulfides have been intercepted on all three properties. Analytical results are pending.

Lamefoot South Property – Approximately 0.5 to 1 km south of the Lamefoot gold mine: 1) HA-1:  26 meters of sheared rocks with up to 5% sulfides. The hole was drilled to a depth of 202 meters. 2) L-6:  14 meters of limestone with up to 60 % sulfides at shallow depths. This hole was drilled to a depth of 297 meters. Goodfoot Property – Approximately 2 km from the Lamefoot gold mine: 3) GF-9:  35 meter interval of altered clastic sediments with up to 2% sulfides. This hole was drilled to a depth of 316 meters.  4) GF-16:  50 meters of clastic sediments with up to 15% sulfides. The sulfides occur as veins and disseminations throughout. This hole was drilled to a depth of 349 meters.

Oversight Property – Approximately 0.5 km from Overlook gold mine: 5) OVL-6:  Intersected clastic rocks with up to 20% sulfides. The hole contained significant sulfides throughout. A 60 meter zone overlying a limestone unit is highlighted. Sulfides present as disseminations and veins throughout the zone. Sulfides include pyrite, pyrrhotite, chalcopyrite and sphalerite. This hole was drilled to a depth of 513 meters. 6) OVL-7:  Drilling is underway.

The Oversight property surrounds the Overlook and Key West gold mines which are about one kilometer apart. Mineralization in the mines is associated with sulfides at the clastic - limestone contact. Drill hole OVL-6 was collared midway between the two deposits. The sulfide zone intersected in the drill hole is similarly at a clastic - limestone clastic contact. The target was intersected at 365.5 meters depth as predicted.  A ‘mise a la masse’ geophysical survey on hole OVL-6 is to being completed to determine the geometry and continuity of the mineralized horizon.

“We have intersected several zones of mineralization that are visually encouraging.  Intersecting a regional horizon between the Overlook and Key West mines would be significant for the company and lab results will certainly help confirm this concept,” says Mark Kolebaba, President and CEO.