(TheNewswire)
Vancouver, B.C. - TheNewswire - June 27, 2022 - Adamera Minerals Corp. (TSXV:ADZ ) ; ( OTC:DDNFF) announces that drill mobilization isunderway for the Buckhorn 2.0 gold property in Washington State. Thefirst hole is expected to be collared in one week. Multiple targetshave been permitted for drill testing by relevant authorities. Thespecific target order will be finalized shortly.
“The targets we continue todevelop on the Buckhorn 2.0 project are compelling and ready to betested. Our exploration methodology has been to use multiple layers ofdata to develop targets for ground truthing and subsequent drilling.Our team has been working hard on both the technical and permittingfronts to prepare for a successful 2022 drilling program,” says Mark Kolebaba, President and CEO of Adamera.
To watch the latest Company presentation on the 2022 explorationdrilling program for Buckhorn 2.0 and other developing projects clickhere -
Target Development and ExplorationSurveying
An ongoing analysis of ground magnetics data collected in 2021 hasdefined several zones of high frequency magnetic activity interpretedto be caused by skarn alteration, analogous to the Buckhorn gold skarndeposit, located near the center of the property. The Buckhorn Mine,owned by Kinross Gold Corp., produced 1.3 million ounces of gold at agrade of about 13 g/t. The mine closed in 2017.
The 2021 magnetic data indicates a major skarn alteration zoneextending southwest from the Buckhorn Mine through Adamera’sKeystone target area. Additional magnetic surveying this season hassignificantly extended this zone further to the southwest. The trendhosts two priority VTEM drill targets and areas of high-grade gold inrock samples.
Adamera field crews have also been conducting various surveys tofurther develop targets. To date, 174 line-kilometres of VLF-EM havebeen completed. The VLF-EM surveying is defining conductive zones andtrends possibly caused by sulfide bearing structures. The combinationof high-resolution ground magnetic and VLF-EM data is defining zoneswith coincident geophysical responses. Field checking of a number ofthese targets has resulted in the discovery of new zones of sulfidemineralization.
A test Self Potential survey carried out over the Keystone area hasdetected a strong anomaly coincident with a high priority VTEM anomalyand highly active magnetics. The Keystone area contains numeroushigh-grade gold anomalies and a historic drill hole with a 45g/t goldintercept at 75 metres depth.
Martin St Pierre P.Geo, a Qualified Person as defined by NationalInstrument 43-101, assisted in reviewing the data associated withthe 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
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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