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Defense Metals Corp. Acquires 100% of the Wicheeda REE Project

Defense Metals Corp. Acquires 100% of the Wicheeda REE Project
PR Newswire
VANCOUVER, BC, Jan. 14, 2022

VANCOUVER, BC, Jan. 14, 2022 /PRNewswire/ – Defense Metals Corp. (“Defense Metals” or the “Company”) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is p…

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Defense Metals Corp. Acquires 100% of the Wicheeda REE Project

PR Newswire

VANCOUVER, BC, Jan. 14, 2022 /PRNewswire/ – Defense Metals Corp. (“Defense Metals” or the “Company“) (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce that it has completed the acquisition of Spectrum Mining Corporation (“Spectrum“), the holder of a one hundred percent (100%) interest in the Wicheeda Rare Earth Element (REE) Property.

Pursuant to the option agreement between the Company and Spectrum dated November 22, 2018 (the “Option Agreement“), Defense Metals fulfilled all required cash payments, share issuances and exploration expenditure requirements necessary to exercise the option to acquire all of the issued and outstanding common shares of Spectrum. Upon delivery of the notice to Spectrum of exercise of the option, Defense Metals completed the final acquisition payments under the Option Agreement as follows:  

  • issued to the shareholders of Spectrum (the “Vendors“) on a pro rata basis, such number of common shares of the Company equal to 49% of the issued and outstanding common shares on a post-issuance basis, and
  • paid to the Vendors on a pro rata basis, a cash payment in the aggregate of $100,000.

The final payments under the Option Agreement to acquire Spectrum totalled 78,115,549 common shares of Defense Metals at a deemed price of $0.225 per share and the payment of $100,000 in cash, for final payment consideration of $17,675,999.  

Pursuant to a finder’s fee agreement with Mulgravian Ventures Corporation (“MVC“) entered into in connection with the Option Agreement, the Company issued 1,171,733 common shares of the Company to MVC, equal to 1.5% of the number of common shares issued to the Vendors upon the closing of the acquisition of Spectrum. The common shares issued to MVC are subject to a four month hold period in accordance with Canadian securities laws and the policies of the TSX Venture Exchange.

Craig Taylor, CEO of Defense Metals commented:

“Since entering the option to acquire the exploration stage Wicheeda REE Project in late 2018 Defense Metals has advanced the project through metallurgical flowsheet development, and initial and updated mineral resource estimates. This work has culminated in our recent positive PEA for Wicheeda yielding a pre-tax net present value ([email protected]%) of CAD$760 million1. Defense Metals now owns and controls 100% of the Wicheeda REE Project. With this acquisition, and our PEA, we look forward to continuing to advance this exceptional North American REE asset.”                                                                                         

___________________________

1

Independent Preliminary Economic Assessment for the Wicheeda Rare Earth Element Project, British Columbia, Canada, dated January 6, 2022, with an effective date of November 7, 2021, and prepared by SRK Consulting (Canada) Inc. is filed under Defense Metals Corp.‘s Issuer Profile on SEDAR (www.sedar.com).

About Spectrum Mining Corporation / Wicheeda Project

Spectrum, a private British Columbia incorporated company, is the legal, beneficial, and registered holder of a one hundred percent (100%) interest in and to six (6) mining claims located in the Cariboo Mining Division, British Columbia known as the Wicheeda Rare Earth Element (REE) Property.

The Wicheeda Property is subject to a 2.0% net smelter returns royalty (“NSR Royalty“) payable upon the commencement of any commercial production. Defense Metals shall have the irrevocable right to purchase one-half (1/2) of the NSR Royalty from the Vendors, on a basis pro rata to their prior shareholdings in Spectrum (being 1.0% of Net Smelter Returns) for $1,000,000, leaving the Vendors with an aggregate 1.0% NSR Royalty.

About the Wicheeda REE Property

The 2,008 hectare Wicheeda REE Property, located approximately 80 km northeast of the city of Prince George, British Columbia, is readily accessible by all-weather gravel roads and is near infrastructure, including power transmission lines, the CN railway and major highways.

Geologically, the property is situated in the Foreland Belt and within the Rocky Mountain Trench, a major continental geologic feature. The Foreland Belt contains part of a large alkaline igneous province, stretching from the Canadian Cordillera to the southwestern United States, which includes several carbonatite and alkaline intrusive complexes hosting the Aley (niobium), Rock Canyon (REE), and Wicheeda (REE) deposits.

Qualified Persons

The scientific and technical information contained in this news release as it relates to the Wicheeda REE Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in NI 43-101. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.  

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward–looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to, advancing the Wicheeda Property, the Company’s plans for its Wicheeda Property, and expected results and outcomes, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations),  risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

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SOURCE Defense Metals Corp.


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Val-d’Or Mining Corporation – Drilling Commences on the Ducros Group of Properties

Val-d’Or, Quebec–(Newsfile Corp. – January 20, 2022) – Val-d’Or Mining Corporation (TSXV: VZZ) ("Val-d’Or Mining" or the "Company) announces that drilling…

Val-d’Or, Quebec–(Newsfile Corp. – January 20, 2022) – Val-d’Or Mining Corporation (TSXV: VZZ) (“Val-d’Or Mining” or the “Company) announces that drilling has commenced on the Ducros Group of Properties. This first phase drill program is part of a larger exploration program that has been budgeted at more than $5 million, including 20,000 meters of diamond drilling. The drilling started on January 18, 2022, as announced in a news release on January 13, 2022 by the operator of the program Québec Nickel Corp. (“QNI“). The Company has a direct property interest in this group of properties through a 1.5% NSR as well as an indirect interest through the ownership of 3,508,461 shares in the capital of QNI. Both ownership interests were acquired in a transaction first announced on October 27, 2020.

Based on public disclosure made by QNI, the following milestones were achieved since the transaction was first announced on October 27, 2020:

  • QNI announced the listing of its shares on the Canadian Securities Exchange and the commencement of trading on July 6, 2021.
  • QNI announced a first phase exploration program on August 4, 2021. The program was budgeted at $375,000 and included a property-scale heliborne magnetic and electromagnetic (Mag-EM) survey (see also QNI news release dated August 23, 2021), stripping, mapping, prospecting and sampling (see also QNI news release dated September 23, 2021), as well as the construction of a 3D geological model utilizing historical and modern data.
  • QNI first mentioned an increase in the in the area covered by the 1.5% NSR on October 20, 2021. The area increased from 12,851 hectares (239 claims) to 15,179 hectares (280 claims) due to the acquisition of additional claims by QNI within the area of influence.
  • QNI announced the closing of a private placement financing of $7.7 million on November 10, 2021. The financing included $6.7 million in flow-through funds dedicated to the Ducros Group of Properties.
  • QNI announced the engagement of Orbit Garant Drilling on November 25, 2021. The total drill program is expected to be 20,000 metres, with a first phase drill program to focus on three Nickel-Copper-PGE target areas:
    • Fortin Ni-Cu-PGE Showing (East Sector of Property)
    • Ducros Sill (Central Part of Property)
    • Ducros Gabbro Area (Western Sector of Property)
  • QNI further announced on November 25, 2021 that the phase II drill program will be directed to testing additional targets identified from the 1,717 line-km property-wide helicopter-borne VTEM survey, based on the result obtained from follow-up ground truthing geophysical surveying, prospecting/sampling and geological fieldwork, in addition to other prospecting/geological/geochemical targets identified on the property through on-going Company exploration activities.

Michael P. Rosatelli, P.Geo. (OGQ Special Authorization Permit; PGO #0855), the Vice President of Exploration of Val-d’Or Mining is the Qualified Person (as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) who approved the technical disclosures included in this news release, based solely on the public disclosure of QNI.

About Québec Nickel Corp.

Québec Nickel Corp. is a mineral exploration company focused on acquiring, exploring, and developing nickel projects in Québec, Canada. The Company has 100% interest in the Ducros Group Property, consisting of 280 contiguous mining claims covering 15,149 hectares within the Abitibi region located in Québec, Canada.

About Val-d’Or Mining Corporation

Val-d’Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering different geological environments (Ni-Cu-PGE’s).

The Company has an expertise in the identification and generation of new projects, and in the early stages of exploration. The mineral interests are broad and range from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals. After the initial value creation in the 100%-owned, or majority-owned properties, the Company seeks option/joint venture partners with the technical expertise and financial capacity to conduct more advanced exploration projects.

For additional information, please contact:
Glenn J. Mullan
2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
Email: [email protected]

Forward Looking Statements:

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110904









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RooGold Closes Second Tranche of Private Placement

VANCOUVER, BC / ACCESSWIRE / January 20, 2022 / (CSE:ROO)(OTC PINK:JNCCF)(Frankfurt:5VHA) – Further to its October 4, 2021 news release, RooGold Inc. ("…

VANCOUVER, BC / ACCESSWIRE / January 20, 2022 / (CSE:ROO)(OTC PINK:JNCCF)(Frankfurt:5VHA) – Further to its October 4, 2021 news release, RooGold Inc. (“ RooGold ” or the “ Issuer “) announces that it has closed a second tranche of its previously announced Non-Brokered Unit Private Placement, on a post-Consolidation basis, by issuing 2,399,500 Units at $0.25 per Unit and raising $599,875.00. Each Unit consists of a Common Share and a half (1/2) a Common Share Purchase Warrant, each whole Warrant entitling the holder to purchase an additional Common Share at $0.40 per Share for a two year period from Closing. The term of the Warrants is subject to an Accelerator Clause that the Issuer can elect to trigger if the Issuer’s Share price trades above $0.50 for 30 consecutive trading days.

The net proceeds from the Private Placement, together with the net proceeds from the first tranche closing of $2,632,500, will be used for phase 1 exploration of RooGold’s Australian properties acquired from Southern Precious Metals Ltd. (see Aug. 19, 2021 news release), investor relations & marketing, as a reserve for exploration of its conditionally acquired Australian properties from 1267248 B.C. Ltd. (formerly, RooGold Ltd.), and Aussie Precious Metals Corp, and for working capital.

In connection with the Private Placement, Foundation Markets Inc. received Finder’s Fees of $28,390 and 69,760 Finders’ Warrants, each Finder’s Warrant entitling the holder to purchase a Common Share at $0.32 for a two year period. The term of the Finder’s Warrants is subject to an Accelerator Clause that the Issuer can elect to trigger if RooGold’s shares trade above $0.50 for 30 consecutive trading days.

The Units are subject to a statutory restricted trading period expiring on May 21, 2022.

Market Awareness Engagement

RooGold also would like to announce that it has engaged Stockhouse Publishing Ltd. (“ Stockhouse “), which owns a streaming platform with one of the largest communities of retail investors in North America, to provide investor awareness and digital media communication services to the Company. Under the terms of the engagement, Stockhouse has been retained for a 12-month period at a rate of $10,000 per month. Stockhouse records on average over 1 million unique investors per month, with over 400,000 registered members.

About ROOGOLD

ROOGOLD is a Canadian based junior venture mineral exploration issuer which is uniquely positioned to be a dominant player in New South Wales, Australia, through a growth strategy focused on the consolidation and exploration of highly mineralized precious metals properties in this prolific region of Australia. Through its acquisition of Southern Precious Metals Ltd., 1267248 B.C. Ltd. (formerly, RooGold Inc.) and Aussie Precious Metals Corp. properties, RooGold commands a portfolio of 13 high-grade potential gold (9) and silver (4) concessions covering 1,380 km2 which is home to 137 historic mines and prospects.

For further information please contact:

Michael Mulberry
T: 778-855-5001
[email protected]

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur.

Although the Issuer believes that the expectations reflected in applicable forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in such statements.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: RooGold Inc.

View source version on accesswire.com:
https://www.accesswire.com/684755/RooGold-Closes-Second-Tranche-of-Private-Placement

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Adamera Minerals Exploration Summary 2021

Vancouver, B.C. – TheNewswire – January 20, 2022 – Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) provides a summary of its 2021 exploration activities…

Vancouver, B.C.TheNewswire – January 20, 2022 – Adamera Minerals Corp. (TSXV:ADZ) (OTC:DDNFF) provides a summary of its 2021 exploration activities on its Washington State properties. Last year was a significant year for the Company. Our focus was on the Cooke Mountain and Buckhorn 2.0 gold projects. Minor care and maintenance work was also done on our 100 % owned projects including Talisman and Empire Creek.

Exploration at Cooke Mountain started in March with drilling on multiple targets. The program was successful in discovering shallow, high-grade gold mineralization that was followed up by additional geophysics and drilling in December of 2021. Assays from that drilling are pending. Some $1.8 million was spent on exploration, including drilling, with 70% of that expenditure provided by our Cooke Mountain agreement partner Hochschild Mining PLC (LON:HOC).

Adamera continued to advance exploration on the Buckhorn 2.0 project. Our knowledge of the property was significantly advanced through an agreement with Kinross Gold Corp to acquire a substantial dataset from their work in the area as well as work completed directly by Adamera. Highlights of our work and our first review of the Kinross data are provided below. We look forward to drilling in 2022.

Performing exploration, especially field activities during the year was challenging due to COVID-19, a major labour shortage, prolonged assay delays and extreme heat and fire conditions. We are grateful for the efforts of our team and partners for successfully advancing our projects under such conditions. With a healthy treasury of $1.7 million and well-defined exploration targets, we are optimistic that 2022 will be our year for a discovery that takes Adamera to the next level.

Cooke Mountain Gold Project

The Cooke Mountain project encompasses several properties including the Lamefoot South, Goodfoot and Oversight properties which surround former producing mines Lamefoot and Overlook, all of which fall under a farmout agreement with Hochschild Mining PLC. In 2021, 8 initial holes for just under 3000 metres were drilled. Four holes were drilled on the western trend near the Lamefoot Mine and 4 holes on the eastern trend near the Overlook Mine.

Approximately 1400 core sample results have been received with 400 results still pending.

On November 9, 2021 Adamera announced a new high-grade mineralized zone identified in drill hole PL-6 at Lamefoot South. This zone was intersected from 24.08 to 26.78 metres depth and yielded 2.7 metres grading at 4.7 g/t Au, including a 0.76 metre zone with 10.7 g/t Au. This site is situated ~1000 metres south of the former Lamefoot Gold mine operated by Kinross Gold Corp.

In December, 3 follow up holes were drilled to the north of PL-6, using easily accessible/permitted sites. Results for this drilling are pending. Drilling this target to the south is topographically more challenging and will require additional permitting. Sites to test the southern extent are currently being selected.

Geophysical surveying immediately to the south is being conducted using electromagnetic (EM) and self potential (SP) methods. To date only a few lines of SP have been completed. That data shows a strong signature to the south. EM is planned for late January.  

During the summer a magnetic survey and stream sampling program was completed on the Iron Mountain property, also on the Cooke Mountain project.

Buckhorn 2.0 Gold Project

The Buckhorn 2.0 property comprises 3600 hectares of land surrounding the former high-grade underground Buckhorn (formerly Crown Jewel) gold mine. The mine area continues to be held by Kinross Gold.

Advancements on Buckhorn 2.0 property are noteworthy. A data transfer agreement with Kinross was signed in the first part of September. Up until that time there was no certainty that an agreement would be reached during the 2021 field season. To avoid the loss of field time, Adamera had begun to perform field work that included geological mapping, collecting stream and panned stream samples, ground magnetic surveys and VLF-EM surveys.

Based on our experience in this district, detailed ground magnetic surveying is an essential exploration tool. More than 1141 line kilometres was surveyed, much of which was in rugged terrain. This survey provided a high level of detail and is being used to identify targets and structures. Importantly, the field crew recognized and recorded the location of more than 135 historic mine workings on the property to integrate into the geochemical and geophysical data base.

Adamera performed 50 line kilometres of VLF-EM surveying with plans in place to cover the remaining portion of the property. The VLF-EM was conducted on select parts of the property to identify potentially mineralized structures. To that end, there appears to be a high correlation with high gold in soil anomalies on some interpreted structures.

In mid September, Adamera started receiving Kinross data including drill hole results, soil and rock geochemistry and Lidar maps. The acquisition of this data triggered an enormous data review that is continuing at this time.

Of primary interest is the results for 281 drill holes that are providing incredible insight into the underlying geology and controls on mineralization. Clearly Adamera is very interested in drill holes that intersected high-grade gold mineralization. In particular how do those drill holes relate to the entire Buckhorn 2.0 dataset, emphasizing the structural and geophysical information at hand. From a purely geophysical outlook there are drill holes that have missed what we would consider to be priority exploration targets.

Some 15,000 soil and +1200 rock samples across the property have been received under the data transfer agreement. Two very simple observations were made immediately upon plotting of the data. 1) soil sampling appears to be working as multiple samples with elevated to high gold values form clusters associated with known mineralization, and 2) there are significant gaps in the data where samples do not exist. Sampling crews were immediately mobilized to infill unsampled areas.

The 135 known historic mine workings located by Adamera’s ground geophysical crew were modelled using Kinross LIDAR data, a remote sensing mapping tool.  Several hundred additional similar features were identified in the process. More than 120 of the workings have been investigated on the ground and sampled by a geologist. Results are pending.

In November, data for a property wide airborne VTEM (electromagnetic) survey was received under the data transfer agreement. This data is currently being evaluated. Preliminary work has identified approximately 20 priority conductors that appear not to have been tested on the property.

This above summary captures how advanced the project will be once the data sets are compiled and interpreted. Two sites were previously submitted for approval in mid 2021 based on Adamera’s data collection. Several additional sites will be submitted shortly. As a new project for Adamera, the timing for drill permits is not yet known and while permitting will be an ongoing process we are confident we will have permits by mid 2022. Investors can expect much more news on these developments.

Talisman Copper-Silver Property

The Talisman project straddles the USA-Canada border near Laurier, Washington and comprises adjoining claims in both Canada and USA. The project is about 90 km by highway from the smelter in Trail BC. The claims cover the Talisman Mine, a copper skarn deposit mined at a relatively small scale up until the 1950’s. The mine grade was reported to be approximately 5% copper with an unknown amount of tungsten. The property has been held by Adamera under care and maintenance by Adamera since 2013.

Adamera has deemed this project to be a strategic exploration opportunity. The current strength of silver and base metal prices, along with proximity to the Teck smelter in Trail BC, has prompted the Company to consider advancing the project through a partnership with a strong base metal focused company.

Mineralization on the property is extensive. Adamera has mapped the intermittently exposed mineralized zones over an area that extends for more than 800 metres to the northwest and is believed to continue extending west beneath unmineralized rocks.

Empire Creek Gold Project

This epithermal style gold-silver project has been held on care and maintenance for the past several years. It is located along the western margin of the Republic Gold Graben approximately 6 km south of Kinross’ past producing K2 Mine now called the Curlew Basin project. Kinross has recently reported a new discovery on that project and is executing on a substantial exploration/development budget.

Previous surface rock and drilling samples on the property by Adamera has identified a number of high-grade gold and silver targets. For example, a drill hole with 10.5 g/t gold and 183.3 g/t silver over 15.2 metres proved to be of limited scope but does highlight the opportunity for follow up exploration.

In 2021, the Company completed a VLF-EM survey over the northern part of the property to test a concept related to a structural control on mineralization. The outcome of this survey will be released as results are finalised.

Flag Hill Property Gold Project

Flag Hill is an epithermal style gold property in the heart of the Republic gold district.  It is on care and maintenance at present.  Depending on Adamera priorities, drill permits may be submitted in 2022 to test existing targets.

In conclusion, we are excited about rapidly advancing our high potential targets in 2022. With a healthy treasury and two strategic projects investors can expect strong continuous news flow. Which 2022 drill hole will be the “game changer” for Adamera is yet to be determined. However given that we have discovery stage projects in the USA, it has been said that Adamera will gain a lot of industry attention when our breakthrough is achieved.

On behalf of the Board of Directors, I sincerely thank our team, contractors and partners for the dedication and hard work to make 2021 a success. We look forward to a strong commodities market and a more favourable working environment in the year ahead.

Mark Kolebaba

President/CEO

Adamera Minerals

About Adamera

Adamera Minerals Corp. is exploring for a high-grade gold deposit near Republic Washington. This area has reportedly produced 8 million ounces of gold. Adamera is the dominant regional explorer in the area.

Martin St. Pierre P.Geoph, and James Ebisch P.Geo, are Qualified Persons as defined by National Instrument 43-101 and have reviewed data associated with these projects.

For additional information please contact:
Email:
[email protected]
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.

 

Copyright (c) 2022 TheNewswire – All rights reserved.

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