DDNFF - Adamera Advances Buckhorn 2.0 Gold Property Through the Acquisition of Data from a Subsidiary of Kinross Gold Corporation
(TheNewswire)
Vancouver, B.C. - TheNewswire - September 8, 2021 - Adamera Minerals Corp. (“Adamera” or the “Company”)(TSXV:ADZ ) ; ( OTC:DDNFF) announces the signing of a data transfer agreement with awholly owned subsidiary of Kinross Gold Corporation (“Kinross”).The agreement will significantly accelerate Adamera’s explorationprogram, including drilling on its’ Buckhorn 2.0 Gold Propertynear Republic, Washington.
Adamera’s Buckhorn 2.0 Gold Property surroundsKinross’ Buckhorn Gold Mine that was closed in 2017 (see propertyplan). The mine produced approximately 1.3 million ounces of gold atan average grade of about 12 g/t.
“This dataset represents amulti-million-dollar investment that advances our exploration effortssignificantly. Timewise it moves the project forward by two to threeyears. Furthermore, and very importantly, the transaction allows us tofocus our funds on drilling rather than early-stageprograms , ” says Mark Kolebaba, President and CEO of Adamera.
The Buckhorn data package is comprehensive. It includesmultiple airborne geophysical surveys, a large number of soil andsurface rock sample analysis, geological maps, ground geophysicalsurveys and drill hole results. It is known that multiple drilltargets were developed by Kinross using this data, the majority werenot drilled.
Adamera will deploy geologists and geophysicists tocompile and interpret the various datasets to develop targets fordrilling. Investors should expect frequent updates as the processprogresses.
In exchange for this data, Adamera reserves a 2%royalty for Kinross on claims held on federal lands and a 0.5% royaltyon State lease land. Adamera may purchase half of the royalty for$2,000,000.
Jim Ebisch P.Geo, a Qualified Person as defined by National Instrument43-101, will assist reviewing the data associated with the project.
Adamera Minerals Corp. is exploring for high-grade golddeposits near Republic Washington. This area has reportedly produced 8million ounces of gold. Adamera is the dominant regional explorer inthe area.
On behalf of the Boardof Directors,
Mark Kolebaba
President & CEO
For additional information please contact:
Email: info@Adamera.com
Website: www.Adamera.com
The TSX Venture Exchange has notreviewed and does not accept responsibility for the adequacy oraccuracy of this release. Statements in this press release, other thanpurely historical information, including statements relating to theCompany’s future plans and objectives or expected results, mayinclude forward-looking statements. Forward-looking statements arebased on numerous assumptions and are subject to all of the risks anduncertainties inherent in resource exploration and development. As aresult, actual results may vary materially from those described in theforward-looking statements.
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