ADZ:CC - Adamera Receives BLM Approval to Drill Multiple Targets on Buckhorn 2.0 Gold Project
(TheNewswire)
Vancouver, British Columbia, April 24, 2024 – TheNewswire – Adamera MineralsCorp. (TSX-V: ADZ; OTC: DDNFF) announces it has been grantedpermission to drill 8 targets on Bureau of Land Management (BLM)managed land on the Buckhorn 2.0 gold property near the formerBuckhorn Gold Mine, Washington State. Applications for drilling onState and US Forest Service lands are pending.
On the BLM land the priority target is VTEM1 that was tested with asingle drill hole in 2022. Gold was intersected on both sides of amassive magnetite intersection. An upper zone assayed 4 g/t gold over1.6 metres (“m”) and a lower zone assayed 4 g/t gold over 1.2m.The two intersections were separated by an 8.8m wide magnetite zonethat assayed 0.2 g/t gold.
Additional holes around the 2022 drill hole on VTEM1 are required todetermine if the widths/grades of the gold enriched zones increaselaterally and down dip. More information on the VTEM1 target will bereleased in the coming weeks.
A brief description of each target and the location relative to theBuckhorn mine is provided in the table below.
| Gold Target |
| Target Description |
| Location from Buckhorn Mine |
| VTEM1 |
| Good target, previous drilling intersected gold |
| 830m to the North |
| VTEM4 |
| Strong VTEM conductor with geochemical support |
| 3647m to the Southwest |
| VTEM5 |
| Large EM conductor with geochemical and geologicalsupport |
| 3337m to the Southwest |
| VTEM14 |
| Moderate EM conductor, strong magnetics |
| 1160m to the Northwest |
| VTEM17 |
| EM suggests good depth extent, weak soil geochemistry,good geological support |
| 1476m to the North |
| VTEM19 |
| EM conductor with weak soil geochemistry |
| 1217m to the North |
| VLF8 |
| Strong VLF with moderate magnetic signature andsupporting geochemistry |
| 2230m to the Northwest |
| KDD-9 |
| Moderate historical gold intersection nearby |
| 1320m to the Northwest |
Mark Kolebaba President & CEO of Adamera states: “ The objective of our drilling program isto test 15- 20 targets. This would be a significant increase from our2022/2023 program of only 4 tests out of 43 targets. It is worthnoting that of the four targets tested in our first drill program,VTEM1 yielded some very encouraging results that more than justifyfollow up” .
The Buckhorn gold deposit is reported to have been an electromagneticand magnetic anomaly with some geochemical support. These parametersfit well with the targets Adamera has developed and selected fordrilling. The Buckhorn Gold Mine was operated by Kinross Gold Corp.from 2008 to 2017 and produced 1.3 million ounces of gold at a gradeof about 13g/t.
Martin St. Pierre, P.Geo, a Qualified Person as defined by NationalInstrument 43-101, has reviewed data associated with the project.
About Adamera
Adamera Minerals Corp. is exploring for a high-grade gold deposit nearRepublic, Washington. This area has reportedly produced 8 millionounces of gold. Adamera is the dominant 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
Phone: (604) 689-2010
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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