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Adamera Minerals Corp
Symbol ADZ
Shares Issued 48,306,668
Close 2014-11-20 C$ 0.03
Market Cap C$ 1,449,200
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Lundin says hold Adamera

2014-11-20 22:06 ET - In the News

Brien Lundin, in the November, 2014, edition of the Gold Newsletter, says hold Adamera Minerals Ltd., recently four cents. Mr. Lundin said buy Adamera in July, 2014, at seven cents. A $1,000 investment at seven cents is now worth $571. The company recently released assays from its Oversight property in Washington state. The nine-hole program turned up assays ranging from 0.25 gram per tonne gold to 2.5 g/t gold, which Mr. Lundin describes as promising. He says the property also appears to host the same two styles of mineralization that host gold at the nearby Overlook mine. The newsletter editor reminds his readers of the company's plan to quickly outline gold resources at its various properties in eastern Washington state so that it can deliver mineable ore to a mill owned by Kinross Gold Corp. The mill is operating at half capacity, with a nearby mine, Buckhorn, currently providing the bulk of the ore to the mill. Buckhorn only has about a year of mining left, which Mr. Lundin says makes viable Adamera's plan to quickly prove up gold deposits on its property position in the immediate area. The newsletter editor says Adamera remains a drill-hole play with a potentially quick payoff, but he will relegate it to a hold for now.

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