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Adamera Minerals Corp (2)
Symbol ADZ
Shares Issued 27,221,318
Close 2024-10-18 C$ 0.14
Market Cap C$ 3,810,985
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Adamera Minerals begins drilling at Flag Hill South

2024-10-22 12:00 ET - News Release

Mr. Mark Kolebaba reports

ADAMERA BEGINS DRILLING ON FLAG HILL SOUTH GOLD PROPERTY

Adamera Minerals Corp. has begun drilling on the new Flag Hill South gold property, located near Republic, Wash.

The first target being tested is a partially outcropping, high-grade segment of a vein referred to as the C-3 vein, which has yielded assays up to 6.6 grams per tonne gold. The site is highlighted by a significant deviation in the strike of the structure. Drill hole FHS-24-01 is being drilled at a dip of minus-45 degrees to intersect the steeply dipping vein approximately 30 metres below the surface. Subsequent holes will be down dip and/or along strike. Later, the drill will move to a second target on the property, a segment on the C-3 vein with high-grade gold assays of up to 9.1 g/t.

To assist with corporate communications and enhance market awareness of company projects, Adamera has entered into an advertising contract with TA Stocks. With TA's expertise, Adamera looks forward to stronger use of social media and other forms of communication to ensure that investors are well informed and engaged.

Under the terms of the contract, TA will provide publishing and advertising services, including social media engagement through X and YouTube. The initial term of the agreement is 120 days, starting on Oct. 21, 2024, and may be renewed with the mutual written agreement of TA and the company. During the initial term, TA's parent company, Arrow Park Capital Corp., will be paid $15,000 plus applicable taxes for the services provided. To the company's knowledge, TA does not have any direct interest in the company or its securities.

"I am excited to be drilling an untested epithermal gold system within the Republic gold district. Given our streamlined share structure, rising gold prices and enhanced corporate communications through TA, I believe we have a unique opportunity for technical successes to reach the market," said Mark Kolebaba president and chief executive officer of Adamera.

The Flag Hill South property is located in the Republic gold district, the largest gold-producing area in Washington State. More than four million ounces of gold averaging 24 g/t and 15.8 million ounces of silver averaging 110 g/t were reportedly produced in the district before Hecla Mining suspended mining operations in 1996. Flag Hill South is located on private land, approximately 10 kilometres from the Kinross's Kettle River gold mill.

Jim Ebisch, PGeol, is the qualified person as defined by National Instrument 43-101 reviewing the data related to this project. The historical information in this release is from private reports and has not been verified by the company; however, it appears to have been completed under standard best practices consistent with the time and appears to be of reasonable quality.

About Adamera Minerals Corp.

Adamera Minerals is exploring for a high-grade gold deposit near Republic, Wash. This area has reportedly produced eight million ounces of gold averaging 14.5 grams per tonne. Adamera is the dominant regional explorer in the area.

We seek Safe Harbor.

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