Almadex Launches Exciting Drilling Program at Paradise-Davis

Almadex Begins Drilling in the Sinter Zone of Paradise-Davis Project

Almadex Minerals Ltd. (TSX-V: DEX) is excited to share that it has initiated a diamond drilling program in the Sinter Zone at its renowned Paradise-Davis Project. With ambitious plans to drill two holes in this promising area before the year ends, the company is keenly focused on uncovering the potential of high-level epithermal alterations and veining.

Exploring the Sinter Zone

The Sinter Zone is situated adjacent to the north of the porphyry lithocap area. It is believed to showcase a distinctive hydrothermal system. The zone is characterized by subcrop boulders comprising sinter material, which is essentially the surface deposit from hot springs. This area includes hydrothermal brecciation along with substantial quartz veining that indicates prior geological activities.

Past Sampling Insights

Historically, the sinter zone has been the subject of sampling, where 30 surface samples taken in previous years revealed an average of 0.2 g/t gold and 2.2 g/t silver. Notably, among these samples, a 30 cm chip sample from a banded vein delivered encouraging results of 1.2 g/t gold and a grab sample from a silicified breccia returned 1.5 g/t gold. This data underpins the viability of this project, suggesting that the underlying epithermal system is worth further exploration.

Targeting Gold and Silver Bearing Systems

Almadex has also gleaned from past exploration efforts in the early 1990s that some holes in the area yielded anomalous gold over short intervals, affirming the presence of gold and silver in this system. The drilling program is strategically designed to target feeder veins that are believed to lie beneath the surface alterations.

Management's Enthusiastic Remarks

Chairman J Duane Poliquin expressed enthusiasm about this drilling effort. He mentioned, "As we progress with our exploration initiatives within our portfolio of high-quality porphyry lithocap targets, venturing again into drilling is truly gratifying. We're optimistic about testing another target in our inventory as we enter into the next year. Our in-house drilling operations also promise resources to advance these investigations."

Support from Qualified Personnel

Leading this project is Morgan J Poliquin, PhD, PEng, who has reviewed and endorsed the technical and scientific details concerning the drilling project's metrics. His proficiency reinforces Almadex's commitment to conducting thorough evaluations in their drilling endeavors.

Analytical Methods Employed

Almadex ensures that the analysis of samples adheres to strict industry standards. Samples are processed at ALS Chemex Laboratories utilizing conventional analytical techniques. Initially, gold is analyzed via fire assay and atomic absorption spectroscopy, while silver undergoes analysis through Inductively Coupled Plasma - Atomic Emission Spectroscopy. The processes are designed to ensure accuracy and reliability in the results.

The Broader Picture: Almadex Minerals

Almadex Minerals Ltd. has cultivated a considerable exploration portfolio, which includes projects and NSR royalties across Canada, the U.S., and Mexico. This diverse portfolio is a testament to the meticulous prospecting efforts and strategic partnerships fostered by Almadex's dedicated management team over the years. The company further enhances its exploration capabilities through ownership of portable diamond drill rigs, enabling effective and economical first-pass exploratory drilling.

Frequently Asked Questions

What is the ongoing drilling program by Almadex focused on?

The drilling program is aimed at exploring the Sinter Zone at the Paradise-Davis Project to uncover gold and silver deposits.

What past results have been documented from the Sinter Zone?

Previous sampling efforts indicated an average of 0.2 g/t gold and 2.2 g/t silver, showcasing the potential of the area.

Who oversees the scientific aspects of the drilling project?

Morgan J Poliquin, PhD, PEng, serves as the Qualified Person responsible for reviewing and approving the project's technical documentation.

What techniques are used to analyze the samples collected?

Gold and silver samples undergo rigorous industry-standard analyses, including fire assays and atomic absorption spectroscopy for gold, and ICP-AES for silver.

How does Almadex approach its exploration projects?

Almadex integrates strategic prospecting and in-house drilling capabilities to efficiently advance its mineral exploration initiatives across various locations.

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