ADZ:CC - Adamera Resumes Exploration on Buckhorn 2.0 Gold Property - New Target Developing
(TheNewswire)
Vancouver, BC - TheNewswire - June 8, 2023 - Adamera Minerals Corp. (TSX V:ADZ ) ( OTC:DDNFF) has commenced its 2023 exploration program on theBuckhorn 2.0 Gold Project in Washington State. A field crew iscurrently collecting additional geochemical and geophysical data tobetter resolve targets.
Plans for drilling at Buckhorn include follow-up drilling at the VTEM1target and initial testing of the new VTEM30 target. Both targets aredrill permitted.
At VTEM1, gold values of interest were intersected in 2022 in 2 zonesassociated with skarn altered rocks on either side of a magnetite unitlocated 700 metres from the Buckhorn mine (See News Release datedJanuary 24, 2023). Follow-up drilling is designed to further test themineralization laterally and at depth.
The new VTEM30 target is a large scale target in the Keystone area,approximately 1.5 kilomteres from the Buckhorn mine. The target hasbeen developed from changed parameters for modelling various Buckhornmine datasets. As a result a “blind” large scale feature that wasnever tested in the past is now a priority. The estimated depth of thetarget is approximately 300 metres.
The VTEM30 target is defined by several geophysical datasets and issupported by gold in soil anomalies. It is located in an area withprospective geology similar to the Buckhorn Mine. The attached videodescribes the target and various datasets used.
“ The geophysical expression ofVTEM30 resembles that associated with the Buckhorn orebody but at aslightly greater depth. The correlation between separate andindependent datasets is strong. Importantly, this target has thedimensions to represent impressive tonnage potential. ” saysMark Kolebaba President and CEO of Adamera.
The past producing Buckhorn Mine was operated by Kinross Gold. Itproduced approximately 1.3 million ounces of gold at a grade of about13 g/t.
Separately, the Company reports drill resultsfor the last 3 drill holes on the Lamefoot South Property inWashington State. These holes were designed to test the possibleextension of a gold bearing zone that yielded 10.5 g/t gold over 4.5metres. No significant gold results were reported for the three holes.The Company will continue to review the potential of this property butthis particular target is downgraded as the tonnage potential has beendetetmined to be limited.
Martin St. Pierre P.Geo, a Qualified Person as defined by NationalInstrument 43-101, has reviewed various data associated with theproject.
Adamera Minerals Corp. is exploring for high-grade golddeposits near Republic Washington. This area has reportedly produced 8million ounces of gold. Adamera is the dominant regional explorer inthe 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.
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