(TheNewswire)
Vancouver, B.C. - TheNewswire - October 4, 2023 - Adamera Minerals Corp. (TSXV:ADZ ) ( OTC:DDNFF) has scheduled drilling on amulti-characteristic gold target on its Buckhorn 2.0 property inWashington State. The target could represent a deposit similar incharacter to the Buckhorn Mine located 1.5 kilometres to thenortheast. The Buckhorn Mine reportedly produced 1.3 million ounces ofgold at a grade of about 13 g/t.
In August, 2023, Adamera conducted an Audio-Frequency Magnetotelluric(AMT*) survey over part of the Buckhorn 2.0 property to confirm thepresence and geometry of a deep VTEM conductor called VTEM-30. The AMTdata identified a large flat lying zone with low resistivity that iscoincident with VTEM-30. The target is modelled as a large flat lyingfeature measuring approximately 1000 metres long, 400 metres wideand 100 metres thick. The top of the target is estimated to be at200 to 300 metres depth.
Plan view of VTEM data showingVTEM-30 target which is considered a deeper target than the shallowBuckhorn mine conductor 1.5 km to the east. The intensity of theanomaly at Buckhorn is thought to be a reflection of its shallowerdepth. Furthermore, the Buckhorn signature is broadened by culturaleffects related to the mine site and subeconomic sulphides. The figurebelow shows AMT section A-A’
AMT section A-A’ showing flattopped Restivity low at 200 to 300 metres depth.
Mark Kolebaba, President and CEO commented, ”The AMT surveyidentifies for the first time a deep flat lying conductor coincidentwith VTEM-30 that was identified by another survey technique. I amencouraged by the size of this target and its proximity to the nearbyBuckhorn gold deposit that was mined by Kinross Gold up until 2017. Itis fair to describe this target as a ‘high risk – high reward’opportunity. That said, this is the exploration business and anopportunity for investors. We will provide further details on drillingand target modelling in the coming days.”
AMT* uses naturally occurring ionospheric currents andlightning storms as a source for measuring magnetotelluric signals onthe earth’s surface. This data is used to map geologic structures togreat depths by combining measurements of the earth’s electric andmagnetic fields over a wide band of frequencies. In mineralexploration AMT has been succesful in identifying copper and golddeposits. The survey at Buckhorn was conducted using sensors at250 metre stations.
Martin St. Pierre (P.Geol) has reviewed geophysicaldata on the Buckhorn property property.
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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