In 1994
This high-grade gold occurrence is located within the same fault bound block that appears to constrain the Buckhorn mine. The gold mineralization is reported to occur in skarns overprinting clastic and volcaniclastic rocks intruded by diorite dikes. The rocks have been described as having undergone distal skarn alteration similar to skarn development reported at the Buckhorn mine to the north. According to the Ramrod report, gold is associated with sulfides including pyrrhotite, pyrite, chalcopyrite, arsenopyrite, sphalerite and galena. Higher gold contents are reported to correlate with increased disseminated pyrrhotite and arsenopyrite contents.
'The Keystone prospect is the first specific drill target to emerge at Buckhorn 2.0. A 7.5 metre drill intercept with 9 g/t gold is comparable to grades and intercepts at the high-grade Buckhorn gold mine to the north. For Ramrod Gold, I suspect the grades were considered marginal at the 1993 gold price of
Specific gold results related six other drill holes and numerous prospecting pits in the area are not provided in the report.
Adamera is currently filing plans of operation for proposed drilling programs on the Buckhorn 2.0 property, including the new Keystone prospect. Prior to drilling, the Company will complete detailed soil sampling, ground magnetic and induced polarization surveying. This work will define the optimim specifications for drilling. Adamera has identified multiple areas on Buckhorn 2.0 that are considered high priority exploration areas. These areas will be reported on in the coming weeks and months.
The 9100 acre Buckhorn 2.0 land package surrounds patented claims held by
The high-grade
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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.
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