Shares of Adamera Minerals Corp. (OTCMKTS:DDNFF) have been moving within a narrow range over the past few sessions.
Trading Data
On Monday, DDNFF stock ended flat at $0.04 with more than 25 shares, compared to its average volume of 33k shares. The stock has moved within a range of $0.0400 – 0.0400 after opening trade at $0.04.
Adamera Minerals and Hochschild Mining Engage in Follow-Up Drilling at Lamefoot South Gold Property
Adamera Minerals Corp. (OTCMKTS:DDNFF) announced on December 13, 2021 that the follow-up drill program on the Lamefoot South Gold Property in Washington State has commenced. The program consists of stepping out from hole PL-6 that intersected a mineralized zone with 4.7 g/t gold over 2.7 meters, including 0.76 meters at 10.7 g/t gold.
The intersection was first reported in a new release on November 9, 2021. The Lamefoot South gold property is a part of Adamera’s Cooke Mountain venture with Hochschild Mining Corp. Funded by Hochschild, the goal of the drilling is to find out orientation of the mineralized zone and its continuity along strike.
Mark Kolebaba President and CEO of Adamera Minerals, states that they have always considered the region a stellar potential target. It is located only 500 meters from the Lamefoot Gold Mine and its geophysical expression is coherent and persists for several hundred meters along the interpreted Lamefoot contact.
As of now, more elaborate geochemical and geophysical surveys are underway, in order to accurately determine the target intersected by PL-6, while identifying other features on the trend. Reportedly, the Lamefoot Mine has produced approximately one million ounces of gold at a grade of 8 to 10 g/t.
Technical Data
DDNFF stock is trading below the 20-Day and 50-Day Moving averages of $0.0409 and $0.0400 respectively. Moreover, the stock is below 200-Day moving average of $0.0584. The stock is down 3% in the past month.
