Business
Adamera Advances Buckhorn 2.0 Gold Property Through the Acquisition of Data from a Subsidiary of Kinross Gold Corporation
(TheNewswire) Vancouver, B.C. - TheNewswire - September 8, 2021 - ...
About this update from Adamera Minerals Corp.
[{"type":"text","content":"Adamera Advances Buckhorn 2.0 Gold Property Through the Acquisition of Data from a Subsidiary of Kinross Gold Corporation\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Vancouver, B.C. -\n \n \n TheNewswire -\n \n \n September 8, 2021 -\n \n \n Adamera Minerals Corp. (“Adamera” or the “Company”)\n(TSXV:ADZ\n \n \n )\n \n \n ;\n \n \n (\n \n \n OTC:DDNFF)\n \n \n announces the signing of a data transfer agreement with a\nwholly owned subsidiary of Kinross Gold Corporation (“Kinross”).\nThe agreement will significantly accelerate Adamera’s exploration\nprogram, including drilling on its’ Buckhorn 2.0 Gold Property\nnear\n \n \n Republic, Washington.\n \n \n \n \n Adamera’s Buckhorn 2.0 Gold Property surrounds\nKinross’ Buckhorn Gold Mine that was closed in 2017 (see property\nplan). The mine produced approximately 1.3 million ounces of gold at\nan average grade of about 12 g/t.\n \n \n \n \n \n \n \n \n Click Image To View Full Size\n \n \n \n \n “This dataset represents a\nmulti-million-dollar investment that advances our exploration efforts\nsignificantly. Timewise it moves the project forward by two to three\nyears. Furthermore, and very importantly, the transaction allows us to\nfocus our funds on drilling rather than early-stage\nprograms\n \n \n ,\n \n \n ”\n \n \n says\n \n \n Mark Kolebaba, President and CEO of Adamera.\n \n \n \n \n The Buckhorn data package is comprehensive. It includes\nmultiple airborne geophysical surveys, a large number of soil and\nsurface rock sample analysis, geological maps, ground geophysical\nsurveys and drill hole results. It is known that multiple drill\ntargets were developed by Kinross using this data, the majority were\nnot drilled.\n \n \n \n \n Adamera will deploy geologists and geophysicists to\ncompile and interpret the various datasets to develop targets for\ndrilling. Investors should expect frequent updates as the process\nprogresses.\n \n \n \n \n In exchange for this data, Adamera reserves a 2%\nroyalty for Kinross on claims held on federal lands and a 0.5% royalty\non State lease land. Adamera may purchase half of the royalty for\n$2,000,000.\n \n \n \n Jim Ebisch P.Geo, a Qualified Person as defined by National Instrument\n43-101, will assist  reviewing the data associated with the pro...