The Buckhorn 2.0 project is 100% owned by Adamera. The project area located in Northeast Washington state covers 7,500 acres (30 square km) and extends more then 10 km to the Canadian-USA border, along the western margin of the Torada Graben. Buckhorn 2.0 surrounds the Crown/Kinross patented claims on which the past producing Buckhorn Mine is situated.
The Buckhorn Mine (formerly named Crown Jewel) 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.
The initial work program will prioritize areas for permitting by analyzing all past data available to the company as well as new data generated through prospecting, geophysical and geological surveying.