Adamera and Hochschild Mining Sign Agreement to Advance Cooke Mountain Gold Project, Washington
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Adamera Minerals Corp. has entered into an option/joint venture agreement with Hochschild Mining (US) Inc., on its Cooke Mountain gold project in Washington State.
“We are looking forward to working with Hochschild on the Cooke Mountain gold project; they bring very relevant expertise in high-grade gold deposits as well as the funding required to aggressively advance this project from the discovery stage through to production. We look forward to the excitement and rewards that accompany well funded exploration,” said Mark Kolebaba, president and CEO of Adamera.
“Due to limited funding over the past several years, Adamera has not been able to effectively test the many high-quality targets developed through its exploration programs. Also, new zones with mineralization discovered by Adamera simply have not been drilled enough to realize their potential. This partnership provides a means to fully test these targets,” added Kolebaba.
“We are pleased to have the opportunity to work with Adamera on this promising gold project. We are a high-grade silver-gold producer that targets projects such as Cooke Mountain for the opportunity to explore multiple drill-ready targets in a mining district that we consider to be under-explored. We are pleased to have Adamera manage the exploration program in the early stages of the discovery process. Adamera has gained considerable experience in this district and deposit style, experience that will benefit both companies,” said Isac Burstein, Hochschild’s VP of Exploration and Business Development.
Under the terms of the agreement, Hochschild has an option which can be earned in over two phases.
About Hochschild Mining
Hochschild Mining PLC is a Lima-based silver and gold mining company with mining operations in Peru and a joint-venture in Argentina and exploration projects across the Americas. It has a corporate office in London.
To stop by Hochschild’s website, CLICK HERE
About Adamera
Adamera Minerals Corp. is exploring for a stand-alone high-grade gold deposit within hauling distance of an existing mill near Republic Washington. This area has reportedly produced over 6 million ounces of high-grade gold. Adamera is the dominant regional explorer in the area.
To stop by Adamera’s website, CLICK HERE
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