Adamera Starts Ground Magnetic Survey at Oversight Gold Project

Adamera Minerals Corp. (TSXV:ADZ) announced that it’s started a ground magnetic survey on the northern portion of its Oversight gold project in Washington state. The company is particularly interested in “a specific area with historic drill holes that interestected high grade mineralization.”

As quoted in the press release:

The mineralized area is part of the past producing Overlook Mine which extends onto Adamera’s Oversight property.

The survey data will be used to determine if the mineralized trend extends northwards on the property into areas untested by drilling. In addition, the magnetic data could provide a target signature to apply elsewhere on the property and in the region.

Mark Kolebaba, president and CEO of Adamera, commented:

With the discovery of mineralization during our 2014 Oversight exploration program and the model we have developed, this low-cost program could lead Adamera closer to a significant discovery. It is important to consider the number of high-grade gold deposits that are known in the immediate vicinity of Oversight, and the fact that the property is only 5 kilometres from a functioning mill.

Click here to read the full Adamera Minerals Corp. (TSXV:ADZ) press release.

Adamera Minerals Corp. is exploring for high-grade gold deposits within hauling distance of the operating Kettle River Mill in northeastern Washington State. The Company’s strategy is to fast-track the discovery to production process by exploring close to a mill in need of ore. Adamera is exploring several projects with a goal to become the dominant exploration company in the area and to be positioned for M&A activity.