The Investing News Network recently had the chance to chat with Mark Kolebaba of Adamera Minerals. He spoke about greenfield exploration and Adamera’s work in Washington State.
The Investing News Network recently had the chance to chat with Mark Kolebaba of Adamera Minerals (TSXV:ADZ) about greenfield exploration and Adamera’s work in Washington State.
The company is currently exploring for high-grade gold in Washington, and as Kolebaba explained, there’s quite a specific focus. “Not only are we in Washington, but we’re focused on an area that’s got a mill that’s very much underutilized and will be out of ore within just a few months,” he said. “So the game is on for us. We’re trying to find something that will interest Kinross Gold (TSX:K,NYSE:KGC), who’s the owner of the mill.”
Kolebaba also spoke about how the company is “looking at things very differently than what was done in the past.” Its aim is to develo the argument that smaller skarn deposits in the region are outliers of something much bigger, a point that John Kaiser of Kaiser Research has touched on when talking about the company.
Overall, Kolebaba certainly sees a need for greenfield exploration. ”I think the big thing is a lot of the larger companies are getting out of exploration,” he said, adding that he sees fewer junior companies focusing on exploration as well.
“The majors are not exploring for these things and somebody’s got to find them … there will be a time when people recognize that greenfield exploration is extremely important.”
Watch the video above for what to expect next from Adamera and for more of what Kolebaba had to say.
Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.