Adamera Mobilizes Drill in Preparation for 2022 Drilling at Buckhorn 2.0 Gold Project - Corporate Presentation Included
TSX V: ADZ; OTC: DDNFF
News Release: 22-10
Adamera Mobilizes Drill in Preparation for 2022 Drilling at Buckhorn 2.0 Gold Project -
Corporate Presentation Included
Vancouver, B.C., June 27, 2022 - Adamera Minerals Corp. (TSX V: ADZ; OTC: DDNFF)
announces that drill mobilization is underway for the Buckhorn 2.0 gold property in Washington
State. The first hole is expected to be collared in one week. Multiple targets have been permitted
for drill testing by relevant authorities. The specific target order will be finalized shortly.
“The targets we continue to develop on the Buckhorn 2.0 project are compelling and ready to be
tested. Our exploration methodology has been to use multiple layers of data to develop targets
for ground truthing and subsequent drilling. Our team has been working hard on both the
technical and permitting fronts 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 exploration drilling program for
Buckhorn 2.0 and other developing projects click here - Video presentation from the Metals
Investment Forum in May, 2022
Target Development and Exploration Surveying
An ongoing analysis of ground magnetics data collected in 2021 has defined several zones of
high frequency magnetic activity interpreted to be caused by skarn alteration, analogous to the
Buckhorn gold skarn deposit, located near the center of the property. The Buckhorn Mine,
owned by Kinross Gold Corp., produced 1.3 million ounces of gold at a grade of about 13 g/t.
The mine closed in 2017.
The 2021 magnetic data indicates a major skarn alteration zone extending southwest from the
Buckhorn Mine through Adamera’s Keystone target area. Additional magnetic surveying this
season has significantly extended this zone further to the southwest. The trend hosts two priority
VTEM drill targets and areas of high-grade gold in rock samples.
Adamera field crews have also been conducting various surveys to further develop targets. To
date, 174 line-kilometres of VLF-EM have been completed. The VLF-EM surveying is defining
conductive zones and trends possibly caused by sulfide bearing structures. The combination of
high-resolution ground magnetic and VLF-EM data is defining zones with coincident
geophysical responses. Field checking of a number of these targets has resulted in the discovery
of new zones of sulfide mineralization.
A test Self Potential survey carried out over the Keystone area has detected a strong anomaly
coincident with a high priority VTEM anomaly and highly active magnetics. The Keystone area
contains numerous high-grade gold anomalies and a historic drill hole with a 45g/t gold intercept
at 75 metres depth.
Martin St Pierre P.Geo, a Qualified Person as defined by National Instrument 43-101, assisted in
reviewing the data associated with the project.
About Adamera
Adamera Minerals Corp. is exploring for high-grade gold deposits near Republic Washington.
This area has reportedly produced 8 million ounces 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: [email protected]
Website: www.Adamera.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy
or accuracy of this release. Statements in this press release, other than purely historical
information, including statements relating to the Company’s future plans and objectives or
expected results, may include forward-looking statements. Forward-looking statements are
based on numerous assumptions and are subject to all of the risks and uncertainties inherent in
resource exploration and development. As a result, actual results may vary materially from those
described in the forward-looking statements.