Gold Explorer Finds High-Grade Prospect in British Columbia

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Adamera Minerals Corp. (ADZ:TSX.V) announced that it has identified a new gold prospect, known as the Max Prospect, at its 18,714-hectare South Hedley Property in British Columbia. The site is located in the northwest portion of the 100% owned property, between Whistle and Smith Creeks, and was first identified through reconnaissance soil sampling. One soil sample returned 1,340 parts per billion (ppb) gold, equivalent to 1.34 grams per tonne (g/t).

The Max Prospect features newly discovered quartz-rhodonite veining in contact metamorphosed volcanic rocks and aligns with a prominent magnetic anomaly and a structural/topographic lineament extending for several hundred meters. According to Mark Kolebaba, President and CEO of Adamera Minerals, in the news release, "Based on our field observation, the Max Prospect has not been recognized in the past by previous prospectors/explorers. The occurrence manifests itself on the slopes of a deeply incised tributary of Whistle Creek, well below the average elevation of the surrounding terrain. Our current sampling and geophysical surveys will extend to the northwest and southeast. We expect these results shortly."

In mid to late July 2025, the company collected 50 follow-up soil samples over the area, which were analysed using the DetectORETM method, a proprietary process developed by Portable PPB in Australia that enables rapid gold analysis at ppb levels using a portable X-ray fluorescence (pXRF) device. Several of these samples returned highly anomalous results ranging from approximately 100 to 1,300 ppb gold. At another location, samples graded 689 ppb and 1,020 ppb gold, with quartz veining and sulfide-bearing rocks, including arsenopyrite, identified and sampled. Results are pending for several rock samples and 46 additional soil samples.

Since staking the property in 2021, Adamera has collected nearly 3,000 soil samples and 270 rock samples, along with geological mapping, 160 line-kilometers of ground magnetic surveying, 75 line-kilometers of very low frequency electromagnetic (VLF EM) surveying, and several lines of self-potential (SP) surveying. The South Hedley Property lies within the historic Hedley Gold Camp, which has reported production of approximately 2.5 million ounces of gold. The Max Prospect is situated less than 10 kilometers from Barrick Gold Corp.’s (TSX: ABX) former Nickel Plate Mine. Gordon Gibson, P.Geo., an independent consultant and qualified person under National Instrument 43-101, reviewed and approved the data associated with this announcement.

Gold Sector Maintains Steady Demand in 2025

On July 24, Yahoo! Finance reported that both gold and Bitcoin had each recorded 28% gains by mid-year, reflecting broader interest in non-traditional assets. Roxanna Islam of TMX VettaFi attributed the trend to heightened market volatility. J.P. Morgan Asset Management data showed that gold ETFs represented US$170 billion in assets as of April, with SPDR Gold Shares (GLD) and iShares Gold Trust (IAU) accounting for US$102 billion and US$48 billion, respectively.

As reported by FXStreet, gold prices briefly declined to about US$3,360 on August 4 after a strengthening in the US dollar. Subsequent weaker-than-expected US employment data and new tariff concerns provided renewed support for the metal. The US economy added 73,000 jobs in July compared with forecasts of 110,000, while unemployment rose to 4.2%. TD Securities’ Bart Melek stated that the lower job numbers "give a better probability that the Federal Reserve will cut [rates] later in the year," a factor that could increase gold’s appeal as a store of value.

On August 8, CNN reported that gold prices in New York experienced volatility following the release of a U.S. Customs and Border Protection letter indicating that one-kilogram and 100-ounce gold bars imported from Switzerland could be subject to reciprocal tariffs. The White House later described the tariff reports as "misinformation" and announced plans to issue an executive order clarifying the matter. Gold futures briefly rose more than 1% to a record high above US$3,500 a troy ounce before retreating to about US$3,460 by the afternoon. UBS strategist Joni Teves noted that such tariffs could add significant costs to gold imports, particularly given that much of the refining capacity is located in Switzerland, which faces a 39% U.S. tariff.

Exploration Positioning and Project Catalysts

The South Hedley Property is one of several gold projects held by Adamera in high-grade gold districts of British Columbia and Washington State, as outlined in the company’s investor presentation. The property benefits from its proximity to historical production centers, such as the Nickel Plate Mine, and is located in a region with established mining infrastructure.

Adamera’s exploration approach across its portfolio includes staged drilling programs, low-cost and all-season access on certain projects, and the use of advanced geophysical and geochemical techniques to refine targets. At South Hedley, ongoing soil and rock sampling, combined with magnetic and electromagnetic surveys, is expected to further delineate priority areas like the Max Prospect for potential follow-up work. The property’s location in a proven gold camp and the concentration of anomalous gold values from early-stage sampling position it as a focus area within the company’s broader exploration efforts.

Ownership and Share Structure

According to Refinitv, 3.29% of Adamera Minerals is owned by the institution, U.S. Global Investors Inc. 4.61% is held by management and insiders. The remainder is retail.

Marketwatch reports the 52 week range of Adamera at CA$0.05 - 0.27. It's market cap is CA$2.58 million with 30.46 million free float shares.