Adamera Minerals Corp. said Oct. 5 that it has been granted eight mineral leases, totaling 2,080 acres, near its Oversight and Lambert Creek gold properties in Washington state.
The acquisition of the new leases has been underway for more than a year and is a major expansion of the Oversight and Lambert Creek properties. The newly acquired land is located along two gold mineralized trends that are 4 kilometers apart and recently recognized by Adamera.
Referred to as the Cooke Mountain mining district, the mineralized trends represent an important regional exploration target for the company, having produced over 1 million ounces of gold so far. Adamera said it will be the first company to conduct exploration at the district in 25 years.
Adamera's immediate plans for the new leases include detailed geophysical surveying, geological mapping and soil sampling to develop targets for possible drill testing.
The two trends within Cooke Mountain include a western trend that hosts the high-grade Lamefoot gold mine and an eastern trend that hosts the Overlook, Key East, Key West and Belcher mines. Portions of the land are also contiguous with the Lamefoot gold mine property and Adamera's recently acquired HLK and LC claim blocks and Lambert Creek property.