Acquisition Of New Gold Project In Washington State

VANCOUVER – Adamera Minerals Corp. has acquired the rights to explore the Flag Hill South gold property just south of Adamera’s Flag Hill Gold Property near the town of Republic in Washington State. Adamera has identified, mapped and sampled five individual epithermal quartz veins on the property to date. One vein, the C3 vein, exposed in a shallow adit, measures 3m in width. On surface it has been traced for more than 200m. A rock sample collected from the adit assayed 9.1 g/t gold over 1.2m. There is no evidence suggesting this vein or any other veins on the property have ever been tested by drilling. The veins exhibit textures and geochemistry suggesting they represent high-level emplacement of a low sulphidation epithermal gold system. Adamera’s upcoming drill program will target potential high-grade gold in “boiling zone” portions of the system which is believed to be preserved at shallow depths.

The project was acquired from a private landowner. The property is in the Republic Gold District, the largest gold producing area in Washington State. Drilling is planned to begin in early October 2024 as government drill permits are not required for early stage drilling on private land. The objective of the program is to test multiple veins at depth.

“This project provides Adamera with a low entry cost opportunity to drill untested epithermal veins within a large high-grade gold district. It complements our nearby Flag Hill property where Adamera is seeking BLM approval for a spring 2025 drilling program. It amazes me that such veins were prospected in the early days but not drilled by the existing producer. Due to the project’s excellent logistics, it can be drilled at low cost, year-round without having to attain drill permits. The financing currently being completed will fund the first phase of drilling,” says Mark Kolebaba President and CEO.