ADZ:CC - Adamera Receives Drill Results for VTEM-30
(TheNewswire)
Vancouver, British Columbia – TheNewswire -- January 11, 2024 -- Adamera Minerals Corp. (TSXV:ADZ )( OTC:DDNFF) announces it has received assay results from twodrill holes that tested the VTEM-30 target on the Buckhorn 2.0 GoldProperty in Washington State. No significant gold values werereported.
While these results are disappointing, the fact that we drilled suchimpressive sulfide intercepts on a “blind target” means ourmethodology is effective. The VTEM-30 target is large, measuringapproximately 1050m x 650m. The nearby Buckhorn gold deposit iscontained within a significantly larger geophysical anomaly, similarin size to the VTEM 30. This implies that drilling from a single siteon VTEM-30 may not have fully tested the gold potential of theanomaly.
“ We have many impressivegeophysical targets in close proximity to the Buckhorn mine that haveyet to be tested. To this extent, I am frustrated that marketconditions are such that we only got to drill one feature in 2023. Ourgeophysical targeting has proven effective in identifying sulfidebodies so we must persist towards a discovery. The proximity to ahigh-grade ore body certainly strengthens our commitment to test thesetargets. ” says Mark Kolebaba, President and CEO of Adamera.
Adamera has essentially tested 4 separate targets on the Buckhorn 2.0property and will continue to evaluate more than 30 untested targetsfor exploration drilling. The company is considering the applicationof new geochemical techniques to assist in target prioritization.
The Buckhorn Gold Mine is located 1.5 kilometers from the VTEM-30target and is within a similar geological setting. The Buckhorn mineproduced 1.3 million ounces of gold at a grade of about 13g/t.
Martin St. Pierre (P. Geo.), has reviewed data associated with theproject.
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 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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