Almadex Secures Ruby Hill Project with Promising Silver-Gold Finds

Almadex Minerals Expands Exploration Efforts

Almadex Minerals Ltd. (TSX-V: DEX), headquartered in Vancouver, has recently announced the acquisition of the Ruby Hill exploration project through staking. This promising project is situated in central Nevada and is part of the company's ongoing exploration initiatives in the western United States. The strategic choice to stake Ruby Hill reflects Almadex’s commitment to expanding its exploration portfolio by identifying valuable opportunities in mineral-rich regions.

Understanding the Ruby Hill Project

The Ruby Hill project is characterized by significant geological features, including extensive areas of argillic alteration and silicification within rhyolite volcanic formations. Initial assessments reveal several zones with quartz veinlets that suggest substantial mineralization potential. Despite the limited outcrop availability, which complicates exploration activities, historic mine workings in the area point to previous attempts to extract valuable materials, demonstrating Ruby Hill’s long-standing potential.

Promising Preliminary Results

As part of its early-stage exploration, Almadex has conducted grab sampling of the outcropping and floating vein structures. To date, 59 samples have been collected from the Ruby Hill area, with results indicating encouraging grades. Notably, 12 samples yielded over 25 grams per tonne (g/t) silver, while 7 samples surpassed 100 g/t silver, with one exceptional sample reaching an impressive 992 g/t silver. Furthermore, gold values have also been promising, as 17 samples returned grades exceeding 0.1 g/t gold, with a maximum of 0.94 g/t recorded.

Geophysical Surveys and Future Plans

In addition to surface sampling, Almadex has employed a geophysical approach by conducting a one-line Induced Polarization (IP) survey over the area. This survey successfully identified a notable chargeability anomaly associated with low resistivity, suggesting the presence of deeper alteration zones and potential sulfide deposits. In response to these findings, Almadex is planning further prospecting and geological mapping to refine its exploration focus, particularly above the detected IP anomaly.

Company Leadership and Vision

Chairman J Duane Poliquin expressed enthusiasm regarding the findings at Ruby Hill, highlighting the project as a testament to the effectiveness of Almadex’s regional exploration efforts. Poliquin’s remarks underline the company’s ambitions for advancing its projects throughout the year, reinforcing expectations for 2025 as a pivotal time in Almadex’s exploration journey. The company is eager to drive forward both its early-stage projects and more advanced investigations.

Expertise and Technical Oversight

Morgan J Poliquin, PhD, and PEng, serves as the President and CEO of Almadex and is recognized as a Qualified Person under the National Instrument 43-101 (NI 43-101) guidelines. With his oversight, scientific and technical elements of the project are ensured to meet industry standards. The analytical work is conducted at reputable ALS Chemex Laboratories, employing reliable methods for assessing silver and gold concentrations to maintain high-quality results.

The Broader Outlook for Almadex

Almadex Minerals Ltd. thrives on a robust portfolio that encompasses various projects and NSR royalties across North America, particularly in Canada, the U.S., and Mexico. This extensive mineral portfolio is a result of the management team’s diligent prospecting and strategic partnerships. The possession of portable diamond drill rigs allows the company to perform effective exploration drilling, affirming its operational capabilities.

The company holds a wealth of experience in exploring porphyry lithocap and high-sulfidation epithermal systems, identifying significant mineral deposits through advanced alteration techniques. Almadex is well-prepared to launch extensive drilling operations in 2025, with the goal of advancing its most promising targets further.

Contact Information

For further inquiries, please contact:

Almadex Minerals Ltd.
Telephone: 604.689.7644
Email: info@almadexminerals.com

Frequently Asked Questions

What is the Ruby Hill project?

The Ruby Hill project is an early-stage exploration site acquired by Almadex Minerals, notable for its promising silver and gold mineralization.

What are the recent findings from the Ruby Hill project?

Recent sampling results indicate significant silver and gold presence, with samples returning up to 992 g/t silver and 0.94 g/t gold.

Who oversees the technical aspects of the Ruby Hill exploration?

Morgan J. Poliquin, PhD, PEng, serves as the Qualified Person ensuring the scientific integrity of the exploration efforts at Ruby Hill.

What exploration techniques is Almadex using for Ruby Hill?

Almadex employs surface sampling and geophysical surveys, including IP methods, to assess the mineral potential of the Ruby Hill project.

What is Almadex's vision for the future?

Almadex aims to advance its exploration projects and conduct extensive drilling in 2025, focusing on promising targets to maximize mineral discoveries.

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