Almadex Advances Exploration on Copper-Gold Projects in USA

Almadex Updates on Exploration Activities in Nevada

Almadex Minerals Ltd. (TSX-V: DEX) recently provided an exciting update on its ongoing exploration projects in western USA, focusing on its Paradise-Davis project in Nevada. The company's recent drilling endeavor at the Sinter Zone revealed unexpected challenges as it hit a fault line, which has shifted geological units. As a result, drilling for this year has paused, pending the interpretation of the gathered results.

Challenges at the Paradise-Davis Project

The Sinter Zone at the Paradise-Davis Project is a site known for its significant high-level epithermal alteration and veining. Geological mapping has indicated the presence of features characteristic of an epithermal system's surface expression. Two induced polarization (IP) survey lines are planned to better define the geology of the Sinter target, facilitating more precise future exploration drilling.

Progress on the Pilot Copper-Gold Porphyry Target

Simultaneously, Almadex is actively exploring new copper-gold targets within its portfolio. One notable focus is on the Pilot copper-gold porphyry target in Nevada. Here, the company has identified mineralization associated with porphyry-style veining, alongside a notable soil anomaly displaying increased levels of gold, copper, and molybdenum. Presently, a combination of IP surveys and drone-based magnetic susceptibility surveys is underway to help pinpoint specific drilling targets.

The Sinter Zone: A Victorious Find

The Sinter Zone, located north of the porphyry cap region, seems to present unique hydrothermal characteristics. This area features subcrop boulders made of sinter silica deposits, hydrothermal brecciation, and quartz veining, with evidence of past exploration efforts indicating promising mineralization. Notable past sampling has revealed averages of 0.2 g/t gold and 2.2 g/t silver.

Encouraging Findings and Future Initiatives

Recent exploration activities have unveiled banded quartz veins and other indicative geological features that suggest the presence of a larger epithermal system. Historical data from the early 1990s has indicated anomalous gold values over short intervals, underscoring the area’s potential. J. Duane Poliquin, Chairman of Almadex, emphasized that while the team is engaged in generative field work to discover more acquisition opportunities, they are also advancing existing high-value porphyry targets.

Technical Analysis and Expertise

Almadex's analytical procedures are stringent, ensuring that all samples undergo rigorous testing at ALS Chemex Laboratories. Techniques include fire assay methods for gold analysis and advanced spectroscopic methods for silver. This ensures reliable and accurate results, integral for future exploration decisions.

Company's Vision and Capabilities

Almadex Minerals Ltd. holds a substantial portfolio of mineral properties and NSR royalties across multiple countries, indicative of the company’s long-standing experience and resourceful management team. With the ownership of portable diamond drilling rigs, Almadex is well-positioned to conduct effective and economical first-pass drilling operations.

Frequently Asked Questions

What is Almadex currently exploring?

Almadex is actively exploring its Paradise-Davis project in Nevada, focusing on its Sinter Zone and Pilot copper-gold porphyry target.

What are the challenges faced in drilling?

Drilling at the Sinter Zone encountered unexpected fault zones, which led to a temporary halt in drilling to assess the results.

What has been discovered at the Pilot copper-gold porphyry target?

At Pilot, Almadex has detected notable porphyry-style veining and soil anomalies indicating elevated levels of gold, copper, and molybdenum.

How does Almadex ensure the quality of their analysis?

Almadex uses industry-standard analytical methods at ALS Chemex Laboratories to guarantee accurate assay results for their exploration activities.

What is the company’s overall mission?

Almadex aims to identify and develop high-quality mineral resources while leveraging their in-house drilling capabilities to conduct initial exploration efficiently and effectively.

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