DDNFF - Adamera Continues Target Development on Buckhorn 2.0 Gold Project
(TheNewswire)
Vancouver, B.C. - TheNewswire - October 20, 2021 - Adamera Minerals Corp. (“Adamera” or the “Company”)(TSXV:ADZ ) ; ( OTC:DDNFF) reports on progressat the Buckhorn 2.0 project in Washington State. TheBuckhorn gold mine was operated by Kinross Gold until it closed in2017. Adamera acquired a large dataset that covers over 30 squarekilometres outside of the Buckhorn mine property located on landswhere Adamera holds minerals rights. The dataset includes some 280drill holes, multiple geophysical surveys, both airborne and ground,soil and rock sample results, geological maps, and LIDAR.
Adamera has been ground truthing the Kinross datasets, and hasconducted a ground magnetic survey consisting of 1141line kilometres with line spacing of 50 metres to cover 95% of theBuckhorn 2.0 property. Figure 1 shown below demonstrates the highresolution provided by ground magnetic data compared to airbornemagnetic data.
Figure 1. These two maps shows acomparison of the 2021 ground magnetic data and the historicalairborne magnetic data. The ground magnetic data increase in detail issignificant and is assisting our interpretation of geology,geochemistry and structure to define high quality drill targets.
“ The groundmagnetic survey over the Buckhorn property is highly responsive togeological features that may be related to gold mineralization.Generally, goldmineralization at Buckhorn is associated with magnetite which isreadily detected by magnetics. The high level of detail in this survey allows the company toidentify new features and structures in close proximity to high goldvalues in soil. Merging this data with the Kinross datasets is inprogress and will help generate high priority targets, ” says Mark Kolebaba President and CEO of Adamera MineralsCorp.
Of significance, the geophysical technicians recorded140 historic mine workings during the survey operation. Many of theseworkings are undocumented and provide important information to aidexploration. Recently acquired LIDAR data has been used to identifymore than 200 additional features that are similar. Such features arecurrently being prospected and sampled.
Martin St-Pierre P.Geoph, a Qualified Person as defined by NationalInstrument 43-101, will assist reviewing the data associated with theproject.
Adamera Minerals Corp. is exploring for high-grade gold deposits nearRepublic Washington. This area has reportedly produced 8 millionounces of gold. Adamera’s Buckhorn 2.0 Gold Propertysurrounds the Kinross’ Buckhorn Gold Mine that was closed in 2017.The mine produced approximately 1.3 million ounces of gold at anaverage grade of about 12 g/t. Adamera is the dominant regionalexplorer in the 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.
Copyright (c) 2021 TheNewswire - All rights reserved.