Target Development Continues On The Buckhorn 2.0 Gold Project

VANCOUVER - Adamera Minerals Corp. announced progress at the Buckhorn 2.0 project in Washington State. The Buckhorn gold mine was operated by Kinross Gold until it closed in 2017. Adamera acquired a large dataset that covers over 30 square kilometers outside of the Buckhorn mine property located on lands where Adamera holds minerals rights. The dataset includes some 280 drill holes, multiple geophysical surveys, both airborne and ground, soil and rock sample results, geological maps, and LIDAR. The Company has been ground truthing the Kinross datasets, and has conducted a ground magnetic survey consisting of 1141 line kilometers with line spacing of 50 meters to cover 95% of the Buckhorn 2.0 property.

“The ground magnetic survey over the Buckhorn property is highly responsive to geological features that may be related to gold mineralization. Generally, gold mineralization at Buckhorn is associated with magnetite which is readily detected by magnetics. The high level of detail in this survey allows the company to identify new features and structures in close proximity to high gold values in soil. Merging this data with the Kinross datasets is in progress and will help generate high priority targets,” said, Mark Kolebaba President and CEO.

Of significance, the geophysical technicians recorded 140 historic mine workings during the survey operation. Many of these workings are undocumented and provide important information to aid exploration. Recently acquired LIDAR data has been used to identify more than 200 additional features that are similar. Such features are currently being prospected and sampled.