Adamera Minerals Corp. announced 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. 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 priorit 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.