ADZ:CC - Adamera Drills +60 Metres of Disseminated Sulfides on Buckhorn 2.0 Gold Project
(TheNewswire)
Vancouver, British Columbia - TheNewswire - November 16, 2023 - Adamera Minerals Corp. (TSX-V:ADZ ) ( OTC:DDNFF) announces that two drill holes havebeen completed on the VTEM-30 target (News Release dated October 4,2023) on the Buckhorn 2.0 Gold Project in Washington State.
The two holes were drilled to the south from a singlesite. Both holes intersected zones of sulfides at the depths modelledfrom the geophysical data. The first hole which was drilled at aninclination of -85 o , intersected zones with disseminatedsulfides in locally fragmental and altered limestone / marble over a60-metre core interval. The second hole which was drilled at aninclination of -50 o , repeated the mineralization and lithologiesbut over a 90-metre core interval. The true thickness of theseintervals has not been determined. Samples are being submitted to anaccredited laboratory for assay. Other zones of disseminated sulfidesintersected in each drill hole will also be submitted for goldassay.
“ The modelled dimensions of the VTEM-30target based on geophysics is 1000 metres l ong and 400 metres wide. The discovery of athick body of non outcropping disseminated sulfides coincident withthe geophysics and only 1.5 kms from the former Buckhorn Gold Mine ispotentially very significant. We eagerly await assayresults,” says MarkKolebaba, President and CEO of Adamera Minerals Corp.
The Buckhorn Gold Mine was operated as an undergroundmine by Kinross Gold Corp until 2017. It is reported to haveproduced approximately 1.3 million ounces of gold at an average gradeof 13 g/t gold. Much of the gold in the Buckhorn mine was associatedwith disseminated sulfides.
Jim Ebisch P. Geo is a qualified person that hasreviewed the drill core associated with the drill holes.
About Adamera
Adamera Minerals Corp. is exploring for a high-gradegold deposit near Republic Washington. This area has reportedlyproduced 8 million ounces of gold. Adamera is the dominant regionalexplorer in the area.
On behalf of the Board of 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 and uncertainties inherent inresource exploration and development. As a result, actual results mayvary materially from those described in the forward-lookingstatements.
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