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Adamera Minerals Corp
Symbol ADZ
Shares Issued 238,302,928
Close 2024-04-02 C$ 0.015
Market Cap C$ 3,574,544
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Adamera Minerals submits operation plan for Buckhorn

2024-04-08 13:48 ET - News Release

Mr. Mark Kolebaba reports

ADAMERA SUBMITS PLAN OF OPERATION PROPOSAL TO RESUME DRILLING ON BUCKHORN 2.0 GOLD PROJECT

Adamera Minerals Corp. has submitted a proposed plan of operation to the United States Forest Service (USFS) to drill six 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.

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.

We seek Safe Harbor.

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