ADZ:CC - Adamera Submits Plan of Operation Proposal to Resume Drilling on Buckhorn 2.0 Gold Project
(TheNewswire)
Vancouver, British Columbia – TheNewswire - April 8, 2024 - Adamera Minerals Corp. (TSXV:ADZ ) ; ( OTC:DDNFF) announces it hassubmitted a proposed Plan of Operation to the US Forest Service (USFS)to drill 6 priority gold targets on the Buckhorn 2.0 gold propertynear the past producing Buckhorn Gold Mine in Washington State.Proposals for drilling other gold targets on Buckhorn 2.0 are beingsubmitted for State and BLM managed lands.
Mark Kolebaba President & CEO of Adamera states: “ A renewed interest in the gold sectorprovides the opportunity to resume drilling the many gold targets onBuckhorn 2.0. We are confident the region is fertile for newdiscoveries and Adamera has a very prospective land position. Sixteenindividual targets identified based on geology, geophysics andgeochemistry have been selected for testing, 6 of which are on USFSlands and included under this Proposal ”.
The six targets proposed for drilling on the USFS managed lands areshown in the table below.
| Gold Target |
| Target Description |
| Location from Buckhorn Mine |
| VTEM2 |
| Large conductor near graben |
| 5 km Northeast |
| VTEM3 |
| Large conductor near graben, partial geochem support |
| 2 km Northeast |
| VTEM8 |
| Mod. size conductor, geochem and geological support |
| 4 km Southwest |
| VTEM22 |
| Large conductor, magnetic and geochem support |
| 4 km East-Northeast |
| VTEM28 |
| Mod. size conductor with strong magnetic support |
| 1.5 km South |
| VLF1 |
| Strong shallow conductor with strong magnetic support |
| 2 km West |
The Buckhorn Gold deposit was described as exhibiting strongelectromagnetic and magnetic anomalies with +/- geochemical support.These parameters are what we have applied to our program.
Mark Kolebaba continued: “ To date,we have only drilled 4 out of 43 targets on the property. The ore bodytype we are exploring for is a high-grade gold skarn analogous todeposits such as the Hedley Mine in B.C. All have a strong geophysicalresponse due to the presence of magnetite and sulphide minerals. Adrill program to test up to 16 targets will greatly enhance thediscovery potential”.
The Buckhorn Gold Mine was operated by Kinross Gold Corp. from 2008 to2017 and produced 1.3 million ounces of gold at a grade of about13g/t.
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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