Kinross applied for permits to drill 950 holes on Buckhorn The Buckhorn Mine was discovered by Crown Resources Corp in 1988. Approximately 1.3 million ounces of gold at an average grade of about 12 g/t gold was produced from Buckhorn between 2008 and 2017 by Kinross Gold Corp who merged with Crown Resources Corp in 2003.
Adamera's strategy is to aquire land around past producing mines. This area is highly prospective and underexplored due to past companies focused heavily on production. The area has seen very little drilling outside of the deposit.
For some time Adamera has been collating information on the Buckhorn mine area to ascertain how much exploration had been conducted outside of the immediate mine area. Based on historical information it appears that Kinross had developed more than 100 targets on the claim block that were not drill tested. Furthermore, they had applied for permits to drill 950 holes from 675 drill pads and construct 120 kms of road to access the drill pads. The size and complexity of process stalled timely progress and the company subsequently dropped the bulk of the original land package to focus entirely on the mine site. The regional potential was determined by Adamera to be highly prospective and largely untested by drilling.
In September of 2021 Adamera completed a data aquisition agreement with a subsidary of Kinross Gold Corp.
The Buckhorn data package is comprehensive. It includes multiple airborne geophysical surveys, a large number of soil and surface rock sample analysis, geological maps, ground geophysical surveys and drill hole results. It is known that multiple drill targets were developed by Kinross using this data, the majority were not drilled