DDNFF - Adamera Minerals - Buckhorn 2.0 Gold Project - Historic Drilling Intersected High Gold Grades

(TheNewswire)

Vancouver, B.C. - TheNewswire - December 1 , 2020 - AdameraMinerals Corp. (TSXV:ADZ ) ; ( OTC:DDNFF) As part of an ongoingretrieval of historical data on the 100% owned Buckhorn 2.0 goldproperty located in north central Washington, the Company announcesresults from 3 diamond drill holes that intersected significant goldmineralization. In 1994 Ramrod Gold USA Inc. reported 9 g/t gold over7.5 metres on Adamera lands 1.5 kilometres south of the Buckhorn mine(see Table 1 and Map below). This site will be referred to as theKeystone prospect.

Table 1.

Holes were drilled by Ramrod and Battle Mountain Gold at approximatelythe same location.

Holes D91-75 and RR93-6 were drilled at -90 o and RR93-7 was drilled at -45 o .

Truewidth of intersections is not yet determined.

This high-grade gold occurrence is located within thesame fault bound block that appears to constrain the Buckhorn mine. The gold mineralization is reported to occur in skarns overprintingclastic and volcaniclastic rocks intruded by diorite dikes. The rockshave been described as having undergone distal skarn alterationsimilar to skarn development reported at the Buckhorn mine to thenorth. According to the Ramrod report, gold is associated withsulfides including pyrrhotite, pyrite, chalcopyrite, arsenopyrite,sphalerite and galena. Higher gold contents are reported to correlatewith increased disseminated pyrrhotite and arsenopyritecontents.

" TheKeystone prospect is the first specific drill target to emerge atBuckhorn 2.0. A 7.5 metre drill intercept with 9 g/t gold iscomparable to grades and intercepts at the high-grade Buckhorn goldmine to the north. For Ramrod Gold, I suspect the grades wereconsidered marginal at the 1993 gold price of $350/ounce. Generallyspeaking, historic drill holes in the area were terminated arbitrarilyat a depth of 150-180 metres such that the gold potential at depthremains untested. We have located the drill site and have plannedgeophysics and surface sampling ahead of a follow up drill program.We have the geophyscial equipment in-house to do begin work as soon asthe snow melts," says Mark Kolebaba,President and CEO of Adamera Minerals Corp.

Specific gold results related six other drill holes andnumerous prospecting pits in the area are not provided in thereport.

Adamera is currently filing plans of operation forproposed drilling programs on the Buckhorn 2.0 property, including thenew Keystone prospect. Prior to drilling, the Company will completedetailed soil sampling, ground magnetic and induced polarizationsurveying. This work will define the optimim specifications fordrilling. Adamera has identified multiple areas on Buckhorn 2.0 thatare considered high priority exploration areas. These areas will bereported on in the coming weeks and months.

The 9100 acre Buckhorn 2.0 land package surroundspatented claims held by Kinross Gold on which the past producingBuckhorn Mine is situated. The project extends more then 10 km to theUSA-Canada border near the western margin of the Toroda Graben.

The high-grade Buckhorn Gold Mine (formerly named CrownJewel) was discovered by Crown Resources Corp in 1988. In 2006 Kinrossclosed the acquisition of Crown and proceeded to permit and develop the mine. Buckhorn producedapproximately 1.3 million ounces of gold at an average grade of about12 g/t gold between 2008 and 2017. During its operation, Buckhorn Minewas reported to be the highest grade operating mine in the USA.

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To listen to the latest interview on the companyprojects with Mark Kolebaba (clickhere ).

Jim Ebisch, P. Geo., a Qualified Person as defined byNational Instrument 43-101, has reviewed data associated with theproject. While the drill data is historic in nature and can't beverified, the work appears to have been conducted in a mannerconsistent with the quality standards at the time.

About Adamera

Adamera Minerals Corp. is exploring for multiplehigh-grade gold deposits in northeast Washington State. This area hasreported produced of +7 million ounces of gold. Adamera is thedominant regional explorer 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, may includeforward-looking statements. Forward-looking statements are based onnumerous 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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