(TheNewswire)
Vancouver, B.C. - TheNewswire - April 21, 2022- Adamera Minerals Corp. (TSX V: ADZ )( OTC: DDNFF) has developed the Keystone Prospect on the Buckhorn 2.0 GoldProject, Washington State as a priority target. Keystone is one of 25targets submitted for drill permitting (See news release March 25,2022).
The Keystone Prospect is located approximately 1.5kilometres southwest of Kinross Gold’s past producing Buckhorn GoldMine. The prospect falls within several exploration datasets includinghistoric drilling that intersected 45 g/t gold over 1.5 metres at adepth of about 75 metres. Other nearby drill holes intersectedmineralization assaying 3 and 7 g/t gold over similar intervals.
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“ Keystone isone of 25 targets submitted for drill permits at Buckhorn. It alsohappens to be one of the first sites visited by Adamera when Buckhorn2.0 was staked in 2020. Keystone checks all the boxes on our targetpriority list including proximity to a major mine, known goldmineralization and favourable geology, geochemistry and geophysics.This is just the type of target that demonstrates the potential of theentire project ” says Mark R. KolebabaPresident and CEO of Adamera Minerals Corp.
Historic drill holes at Keystone with encouraging goldmineralization describe sediments with skarn alteration adjacent tointrusive rocks. This is a similar setting to the nearby Buckhorndeposit. The presence of skarn in drill core combined with Adameraground magnetic data supports the interpretation that skarn is widelydistributed in the area.
Areas of magnetic complexity with numerous dipolaranomalies characterise the area. Such dipole features are typicallycaused by magnetic remanence associated with elevated concentrationsof magnetite or pyrrhotite. Mineralized skarn in the Buckhorn depositis associated with both magnetite and pyrrhotite.
A partial coverage of the area with VLF-EM (Very LowFrequency-Electromegnetics) shows EM conductors coincident orpartially coincident with the magnetic dipoles. Outcrop samples yieldsignificantly anomalous gold values from 130 to 622 ppb.
The Buckhorn Mine produced 1.3 million ounces of goldat an estimated grade of 13 g/t gold between 2008 to 2017. Through theprocess of data review and interpretation, the Adamera has identifiedseveral other targets close to Keystone that also merit follow upexploration.
As reported earlier, Adamera has applied for permits todrill targets in this area. Prior to drilling, the VLF-EM survey willbe completed and additional soil and rock sampling performed on adetailed grid.
M. St. Pierre P.Geo, a Qualified Person as defined byNational Instrument 43-101, assists in reviewing the data associatedwith the project.
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
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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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