Adamera Submits Plan of Operation Proposal to Resume Drilling on Buckhorn 2.0 Gold Project
TSX V: ADZ; OTC: DDNFF
News Release: 24-02
Adamera Submits Plan of Operation Proposal to Resume Drilling on Buckhorn 2.0 Gold
Project
Vancouver, British Columbia, April 8, 2024 - Adamera Minerals Corp. (TSX-V: ADZ; OTC:
DDNFF) announces it has submitted a proposed Plan of Operation to the US Forest Service
(USFS) to drill 6 priority gold targets on the Buckhorn 2.0 gold property near the past producing
Buckhorn Gold Mine in Washington State. Proposals for drilling other gold targets on Buckhorn
2.0 are being submitted for State and BLM managed lands.
Mark Kolebaba President & CEO of Adamera states: “ A renewed interest in the gold sector
provides the opportunity to resume drilling the many gold targets on Buckhorn 2.0. We are
confident the region is fertile for new discoveries and Adamera has a very prospective land
position. Sixteen individual targets identified based on geology, geophysics and geochemistry
have been selected for testing, 6 of which are on USFS lands and included under this Proposal ”.
The six targets proposed for drilling on the USFS managed lands are shown 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 s upport 4 km Southwest
VTEM22 Large conductor, magnetic and geochem suppor t 4 km East-Northeast
VTEM28 Mod. size conductor with strong magnetic sup port 1.5 km South
VLF1 Strong shallow conductor with strong magnetic support 2 km West
The Buckhorn Gold deposit was described as exhibiting strong electromagnetic 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 body type we are exploring for is a high-grade gold skarn analogous to deposits such as
the Hedley Mine in B.C. All have a strong geophysical response due to the presence of magnetite
and sulphide minerals. A drill program to test up to 16 targets will greatly enhance the discovery
potential”.
The Buckhorn Gold Mine was operated by Kinross Gold Corp. from 2008 to 2017 and produced
1.3 million ounces of gold at a grade of about 13g/t.
About Adamera
Adamera Minerals Corp. is exploring for a high-grade gold deposit 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
Phone: (604) 689-2010
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.