Latest news with #AlmadexMineralsLtd
Business Upturn
2 days ago
- Business
- Business Upturn
Almadex Acquires Ruby Hill Silver-Gold Exploration Project by Staking, Surface Sampling returns 992 g/t Silver
VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) — Almadex Minerals Ltd. ('Almadex' or the 'Company') (TSX-V: 'DEX') is pleased to announce that it has acquired a 100% interest in the Ruby Hill early-stage exploration project by staking. The project is located in central Nevada and was identified as part of Almadex's ongoing regional exploration program in the western USA. The Ruby Hill epithermal gold-silver project covers a large area of argillic alteration and silicification hosted in rhyolite volcanics. Zones of silicification and clay alteration have been identified within which outcrops hosting quartz veinlets occur. Limited outcrop make it difficult to map any potential widths or orientation to the zone of veining and the sporadic outcrops of veined rock occur over a broad area. Some historic mine workings have also been identified which appear very old. These trenches and shafts clearly targeted zones of veining and silicification. To date 59 grab rock samples have been taken from outcrop and float of veining and silicified rhyolite (grab samples are selected samples and may not represent true underlying mineralisation). These preliminary results are very encouraging as 12 of these samples returned over 25 g/t silver with 7 returning more than 100 g/t silver (up to 992 g/t silver and averaging 45 g/t silver for all 59). Important gold values were also returned as 17 of these samples returned over 0.1 g/t gold (up to 0.94 g/t gold and averaging 0.10 g/t gold for all 59). A one-line IP geophysical survey was carried out across the area of alteration. This survey identified a significant chargeability anomaly associated with a resistivity low. This feature is interpreted to represent a potential zone of alteration and sulphide development extending to depth. Almadex plans follow-up prospecting, sampling and geological mapping on the project, focussing on the area above the high IP chargeability, in order to provide targeting for a future drill program. J Duane Poliquin, Chairman of Almadex commented, 'Our regional exploration program continues to identify new targets for acquisition. This preliminary work at Ruby Slope has returned exciting silver and gold results in the earliest stages of sampling which is very encouraging. We will continue to move our early-stage projects forward this year along with our plans for drilling our more advanced properties. We fully expect 2025 to be an important year for our Company.' Qualified Persons and Technical Details Morgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by National Instrument 43-101 ('NI 43-101'), has reviewed and approved the scientific and technical contents of this news release. The analyses reported were carried out at ALS Chemex Laboratories of Reno, Tucson, and North Vancouver using industry standard analytical techniques. For gold, samples are first analysed by fire assay and atomic absorption spectroscopy ('AAS'). Samples that return values greater than 10 g/t gold using this technique are then re analysed by fire assay but with a gravimetric finish. Silver is first analysed by Inductively Coupled Plasma – Atomic Emission Spectroscopy ('ICP-AES'). Samples that return values greater than 100 g/t silver by ICP-AES are then re analysed by HF-HNO3-HCLO4 digestion with HCL leach and ICP-AES finish. Of these samples those that return silver values greater than 1,500 g/t are further analysed by fire assay with a gravimetric finish. The IP line was surveyed using the Company's highly experienced in-house team and equipment (GDD transmitter and Iris Elrec-6 receivers using a 100 m dipole in a pole-dipole array). Pseudo sections were prepared, and the data was inverted using RES2DINV software. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of prospecting and deal-making by Almadex's management team. The Company owns several portable diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house. The Almadex team have significant porphyry lithocap exploration experience and have made three discoveries of mineral deposits under advanced argillic alteration. Our success comes from our audacity, in house exploration capacity and most importantly our ability to drill with our company owned drilling unit. We have assembled a portfolio of lithocap targets that have the potential to be concealing large porphyry systems at depth as well as high sulphidation epithermal gold-silver systems in the best jurisdiction we know: the United States of America. We have the cash and drills to advance and test these targets and will begin to do so in 2025. On behalf of the Board of Directors, 'Morgan J. Poliquin, Ph.D., President and CEO Almadex Minerals Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include, among other things, any further work to advance exploration targets at the Ruby Hill project. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability and general economic, market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that forward-looking statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws. Contact Information:Almadex Minerals 604.689.7644 Email: [email protected]
Yahoo
2 days ago
- Business
- Yahoo
Almadex Acquires Ruby Hill Silver-Gold Exploration Project by Staking, Surface Sampling returns 992 g/t Silver
VANCOUVER, British Columbia, June 04, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: 'DEX') is pleased to announce that it has acquired a 100% interest in the Ruby Hill early-stage exploration project by staking. The project is located in central Nevada and was identified as part of Almadex's ongoing regional exploration program in the western USA. The Ruby Hill epithermal gold-silver project covers a large area of argillic alteration and silicification hosted in rhyolite volcanics. Zones of silicification and clay alteration have been identified within which outcrops hosting quartz veinlets occur. Limited outcrop make it difficult to map any potential widths or orientation to the zone of veining and the sporadic outcrops of veined rock occur over a broad area. Some historic mine workings have also been identified which appear very old. These trenches and shafts clearly targeted zones of veining and silicification. To date 59 grab rock samples have been taken from outcrop and float of veining and silicified rhyolite (grab samples are selected samples and may not represent true underlying mineralisation). These preliminary results are very encouraging as 12 of these samples returned over 25 g/t silver with 7 returning more than 100 g/t silver (up to 992 g/t silver and averaging 45 g/t silver for all 59). Important gold values were also returned as 17 of these samples returned over 0.1 g/t gold (up to 0.94 g/t gold and averaging 0.10 g/t gold for all 59). A one-line IP geophysical survey was carried out across the area of alteration. This survey identified a significant chargeability anomaly associated with a resistivity low. This feature is interpreted to represent a potential zone of alteration and sulphide development extending to depth. Almadex plans follow-up prospecting, sampling and geological mapping on the project, focussing on the area above the high IP chargeability, in order to provide targeting for a future drill program. J Duane Poliquin, Chairman of Almadex commented, 'Our regional exploration program continues to identify new targets for acquisition. This preliminary work at Ruby Slope has returned exciting silver and gold results in the earliest stages of sampling which is very encouraging. We will continue to move our early-stage projects forward this year along with our plans for drilling our more advanced properties. We fully expect 2025 to be an important year for our Company.' Qualified Persons and Technical DetailsMorgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed and approved the scientific and technical contents of this news release. The analyses reported were carried out at ALS Chemex Laboratories of Reno, Tucson, and North Vancouver using industry standard analytical techniques. For gold, samples are first analysed by fire assay and atomic absorption spectroscopy ('AAS'). Samples that return values greater than 10 g/t gold using this technique are then re analysed by fire assay but with a gravimetric finish. Silver is first analysed by Inductively Coupled Plasma - Atomic Emission Spectroscopy ('ICP-AES'). Samples that return values greater than 100 g/t silver by ICP-AES are then re analysed by HF-HNO3-HCLO4 digestion with HCL leach and ICP-AES finish. Of these samples those that return silver values greater than 1,500 g/t are further analysed by fire assay with a gravimetric finish. The IP line was surveyed using the Company's highly experienced in-house team and equipment (GDD transmitter and Iris Elrec-6 receivers using a 100 m dipole in a pole-dipole array). Pseudo sections were prepared, and the data was inverted using RES2DINV software. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery. About AlmadexAlmadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of prospecting and deal-making by Almadex's management team. The Company owns several portable diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house. The Almadex team have significant porphyry lithocap exploration experience and have made three discoveries of mineral deposits under advanced argillic alteration. Our success comes from our audacity, in house exploration capacity and most importantly our ability to drill with our company owned drilling unit. We have assembled a portfolio of lithocap targets that have the potential to be concealing large porphyry systems at depth as well as high sulphidation epithermal gold-silver systems in the best jurisdiction we know: the United States of America. We have the cash and drills to advance and test these targets and will begin to do so in 2025. On behalf of the Board of Directors, 'Morgan J. Poliquin, Ph.D., President and CEOAlmadex Minerals Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include, among other things, any further work to advance exploration targets at the Ruby Hill project. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability and general economic, market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that forward-looking statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws. Contact Information:Almadex Minerals 604.689.7644Email: info@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Ottawa Citizen
14-05-2025
- Business
- Ottawa Citizen
Geophysics Defines Two Large Porphyry Drill Targets with Magnetics and IP Chargeability on its Paradise Project, Nevada
Article content Article content VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) — Almadex Minerals Ltd. ('Almadex' or the 'Company') (TSX-V: 'DEX') is pleased to provide an update on recent exploration activity at its porphyry lithocap target on the Paradise Project, Nevada which has helped vector towards a potential porphyry core. Previous work carried out by Almadex includes extensive mapping, soils and the drilling of two holes on the northwest portion of the lithocap in 2024. These two holes confirmed the presence of porphyry veining but were interpreted to have intercepted a more distal part of the porphyry system (see Almadex news release of October 8 th, 2024). Recent work reported here includes prospecting and detailed mapping within the lithocap alteration zone along with drone based (UAV) magnetics and ground IP surveys. The porphyry lithocap has potential for three styles of mineralisation; high sulphidation gold hosted in quartz-alunite alteration, porphyry related mineralisation underlying and adjacent to the high sulphidation system, and gold-silver in epithermal veins that crosscut both. Almadex is currently designing a 2025 drill program to test for both high sulphidation gold and copper-gold porphyry potential. Almadex currently holds an approved drill permit for drill testing at Paradise. Article content Article content The magnetics survey defined two separate areas of magnetic low responses within the mapped lithocap that is hosted by andesitic country rocks. One of these magnetic low zones is part of an asymmetric signature with an adjacent magnetic high. Five new IP lines were surveyed over the lithocap and covered the newly identified magnetic low features and zones of brecciation. This new IP work identified elevated chargeability coincident with the areas of low magnetic responses. Article content Hydrothermal brecciation, boxwork after sulphides and historic workings were recently identified as part of focussed field mapping near these areas of magnetic low responses. Rock chip sampling results have been compiled from all past work on the Paradise project by Almadex including new sampling. To date 238 grab rock samples have been taken from outcrop, subcrop and float (grab samples are selected samples and may not represent true underlying mineralisation). The results are very encouraging as they averaged 0.35 g/t gold, with 48 of these samples returning over 0.1 g/t gold and 16 returning more than 0.5 g/t gold (up to 23.7 g/t gold). Anomalous copper and molybdenum values have also been returned from different parts of the area of lithocap alteration. Article content Article content Combined with the extensive alteration mapping which Almadex has carried out, the surface geochemistry and new geophysics helps prioritise future drilling efforts. It also helps better define the extent of alteration and contextualises past work and drilling. Significant pyrophyllite alteration occurs around the newly identified magnetic low features. Pyrophyllite is a key mineral that can help guide the search for porphyry deposits within the lithocap as it can form due to cooling of magmatic fluids, and occur nearby or above copper mineralisation. The combined work clearly defines the two magnetic low – chargeability high features as high priority drill targets as they are interpreted to represent possible upflow zones underneath the porphyry lithocap mapped at surface. Plan maps showing the magnetic anomalies, location of IP lines and recent mapping along with IP sections illustrating the targets are attached to this news release.
Yahoo
14-05-2025
- Business
- Yahoo
Geophysics Defines Two Large Porphyry Drill Targets with Magnetics and IP Chargeability on its Paradise Project, Nevada
Follow-Up Drilling Planned for 2025 Location of the Paradise Project Geology and Alteration Mapping - Paradise Project Magnetic Survey Results - Paradise Project Chargeability Section 4,286,500N Chargeability Section 4,286,800N Chargeability Section 4,287,000N VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: 'DEX') is pleased to provide an update on recent exploration activity at its porphyry lithocap target on the Paradise Project, Nevada which has helped vector towards a potential porphyry core. Previous work carried out by Almadex includes extensive mapping, soils and the drilling of two holes on the northwest portion of the lithocap in 2024. These two holes confirmed the presence of porphyry veining but were interpreted to have intercepted a more distal part of the porphyry system (see Almadex news release of October 8th, 2024). Recent work reported here includes prospecting and detailed mapping within the lithocap alteration zone along with drone based (UAV) magnetics and ground IP surveys. The porphyry lithocap has potential for three styles of mineralisation; high sulphidation gold hosted in quartz-alunite alteration, porphyry related mineralisation underlying and adjacent to the high sulphidation system, and gold-silver in epithermal veins that crosscut both. Almadex is currently designing a 2025 drill program to test for both high sulphidation gold and copper-gold porphyry potential. Almadex currently holds an approved drill permit for drill testing at Paradise. The magnetics survey defined two separate areas of magnetic low responses within the mapped lithocap that is hosted by andesitic country rocks. One of these magnetic low zones is part of an asymmetric signature with an adjacent magnetic high. Five new IP lines were surveyed over the lithocap and covered the newly identified magnetic low features and zones of brecciation. This new IP work identified elevated chargeability coincident with the areas of low magnetic responses. Hydrothermal brecciation, boxwork after sulphides and historic workings were recently identified as part of focussed field mapping near these areas of magnetic low responses. Rock chip sampling results have been compiled from all past work on the Paradise project by Almadex including new sampling. To date 238 grab rock samples have been taken from outcrop, subcrop and float (grab samples are selected samples and may not represent true underlying mineralisation). The results are very encouraging as they averaged 0.35 g/t gold, with 48 of these samples returning over 0.1 g/t gold and 16 returning more than 0.5 g/t gold (up to 23.7 g/t gold). Anomalous copper and molybdenum values have also been returned from different parts of the area of lithocap alteration. Combined with the extensive alteration mapping which Almadex has carried out, the surface geochemistry and new geophysics helps prioritise future drilling efforts. It also helps better define the extent of alteration and contextualises past work and drilling. Significant pyrophyllite alteration occurs around the newly identified magnetic low features. Pyrophyllite is a key mineral that can help guide the search for porphyry deposits within the lithocap as it can form due to cooling of magmatic fluids, and occur nearby or above copper mineralisation. The combined work clearly defines the two magnetic low – chargeability high features as high priority drill targets as they are interpreted to represent possible upflow zones underneath the porphyry lithocap mapped at surface. Plan maps showing the magnetic anomalies, location of IP lines and recent mapping along with IP sections illustrating the targets are attached to this news release. J Duane Poliquin, Chairman of Almadex commented, 'Exploration continues to advance our newly acquired portfolio of high-quality porphyry lithocap targets in the western USA. It was exciting to confirm that the Paradise lithocap hosts a porphyry system with last years drilling program. Now we have a vector towards a potential core of this system which has been enhanced with the geophysical results reported today. We look forward to further advancing the Paradise project in 2025.' About Lithocap Alteration Zones and the Paradise LithocapLithocaps are extensive areas of hydrothermally altered rocks that occur above or adjacent to intrusive rocks and related porphyry deposits. The hydrothermal alteration forms when ascending high temperature magmatic fluids are released from the source intrusion below and alter permeable and reactive rocks occurring above. Lithocaps can be over 10 by 10 km in surface area and over 1 km thick. The alteration mineral assemblages vary, usually with distance from the intrusive source. Often more neutral and higher temperature stable alteration mineral assemblages are seen at depth, closer to the source intrusion and potential porphyry deposit. More acidic and lower temperature stable assemblages generally occur higher and farther away. Mapping of alteration minerals and geochemical analysis using soil and rock samples can map these changes in mineralogy. This mapping can then provide a vector towards potential underlying porphyry systems. If large areas of lithocap alteration are well preserved, they can obscure deep unexposed porphyries and other styles of mineralisation. If no mineralisation is present at surface, drilling based on geochemical and alteration vectors aided by geophysical data is the best way to explore for buried deposits. The wholly owned 1,547 hectare Paradise property covers a roughly 4.5 by 1.8 kilometre area of exposed intense hydrothermal alteration developed in volcanic rocks. This alteration zone which includes quartz-alunite, pyrophyllite and diaspore is typical of high-sulphidation environments forming above porphyry copper-gold systems. The alteration has been mapped by Almadex using a Terraspec infrared spectrometer. This work, using rock chip spectral data points has defined a well preserved porphyry lithocap with alunite core zones (with increasing Na-composition) haloed by pyrophyllite, dickite then hypogene kaolinite. Surrounding the acid sulphate zones are halos of sporadic paragonitic illite (grading to dominant muscovitic alteration) with chlorite in peripheral alteration halos (propylitic). Qualified Persons and Technical DetailsMorgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed and approved the scientific and technical contents of this news release. The analyses reported were carried out at ALS Chemex Laboratories in Reno and North Vancouver using industry standard analytical techniques. For gold, samples are first analysed by fire assay and atomic absorption spectroscopy ('AAS'). Samples that return values greater than 10 g/t gold using this technique are then re analysed by fire assay but with a gravimetric finish. The IP lines were surveyed using the Company's highly experienced in-house team and equipment (GDD transmitter and Iris Elrec-6 receivers using a 100 m dipole in a pole-dipole array on 8 levels). Pseudo sections were prepared, and the data was inverted using RES2DINV software. The magnetics survey was conducted by a third-party contractor using a Geometrics MagArrow Cesium Magnetometer flown under a ArcSky X55 quadcopter. The MagArrow sensor takes 1000 readings per second and is flown at a maximum speed of 8m/second. The sensor is suspended on a 3m lanyard to remove it from the electromagnetic noise of the UAV. Data is down sampled after collection to 10Hz. The MagArrow readings are diurnally corrected via a geometrics G-862RBS Magnetometer, cycling at 10Hz. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery. About AlmadexAlmadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of prospecting and deal-making by Almadex's management team. The Company owns several portable diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house. On behalf of the Board of Directors, 'Morgan J. Poliquin' Morgan J. Poliquin, PhD, PEngPresident and CEOAlmadex Minerals Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include, among other things, any further work to advance exploration targets at the Paradise project, including any drilling. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability and general economic, market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that forward-looking statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws. Contact Information:Almadex Minerals 604.689.7644Email: info@ Photos accompanying this announcement are available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
Almadex Defines Large IP Geophysical Anomaly at The New Hope Copper Porphyry Project, Arizona, USA
New Hope Project - Geology Map New Hope Project - Inverted IP Chargeability Section VANCOUVER, British Columbia, April 23, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: 'DEX') is pleased to provide a summary of recent exploration results from the Company's wholly owned New Hope copper porphyry project in Arizona. A focussed one line IP chargeability and resistivity survey was recently carried out. The line was surveyed using the Company's highly experienced in house team and equipment, a 5 kW GDD transmitter and Iris Elrec-6 receivers using a 100 m dipole in a pole-dipole array on 8 levels. Pseudo sections were prepared and the data was inverted using RES2DINV software. The line was surveyed across the approximately 600 metre diameter area where sheeted quartz +/- magnetite veining was previously mapped. This veining has been interpreted to represent the upper portion of a shallowly emplaced and highly preserved porphyry copper system. The results of the geophysical survey outlined an anomaly over 1 kilometre wide defined by elevated chargeability, and coincident with the area of outcropping veins. Almadex is very encouraged by these results which provide further focus for a potential future first pass drilling program to test for a copper porphyry at depth. Almadex has an approved drill permit to conduct first pass drilling on the project. Compiled geophysical, geochemical and geological results will be posted to Almadex's website. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery. J. Duane Poliquin, Chairman of Almadex commented, 'Project level exploration continues to advance our newly acquired portfolio of high-quality porphyry lithocap targets in the western USA. It is exciting to define a strong geophysical target at New Hope in the same area where mapping at surface has outlined an area of high level porphyry veining. We look forward to further advancing the New Hope project in 2025.' About the New Hope ProjectThe 958.7 hectare New Hope project is located in southeastern Arizona, near several large porphyry copper deposits currently being mined including Lone Star (approximately 35 kilometres away) and Morenci (approximately 50 kilometres away). The project covers a roughly 3.5 by 1.5 kilometre area of intense hydrothermal alteration developed in volcanic rocks and crosscutting intrusive dykes. The observed hydrothermal alteration is characteristic of the upper levels of a porphyry system. The project was acquired in 2023 by staking and broad scale mapping of the lithocap has been carried out over much of the property. Within the area mapped, exposed advanced argillic alteration was identified to the northeast, and to the southwest an exposed set of porphyry-related veinlets was defined in limonitic alteration. This zone of quartz veining is currently interpreted to represent a potential centre to the porphyry system at New Hope. The observed zone of veining is an approximately 600 metre in diameter semi-circular area. The veins and veinlets are sheeted light to dark grey, semi-translucent quartz and magnetite with banded textures. Fluid inclusion petrography on these veinlets indicate that they were formed by vapour rich fluids. These types of veinlets are interpreted to be typical of shallow-level emplaced porphyry systems and above the level at which main stage porphyry-style copper-gold mineralisation is to be expected. Within this broader area, two inner zones about 200 metres and 100 metres in diameter were mapped where veinlet densities of greater than 10 per metre were observed (see Almadex new release of April 8, 2024). About Lithocap Alteration ZonesLithocaps are extensive areas of hydrothermally altered rocks that occur above or adjacent to intrusive rocks and related porphyry deposits. The hydrothermal alteration forms when ascending high temperature magmatic fluids are released from the source intrusion below and alter permeable and reactive rocks occurring above. Lithocaps can be over 10 by 10 km in surface area and over 1 km thick. The alteration mineral assemblages vary, usually with distance from the intrusive source. Often more neutral and higher temperature stable alteration mineral assemblages are seen at depth, closer to the source intrusion and potential porphyry deposit. More acidic and lower temperature stable assemblages generally occur higher and farther away. Mapping of alteration minerals and geochemical analysis using soil and rock samples can map these changes in mineralogy. This mapping can then provide a vector towards potential underlying porphyry systems. If large areas of lithocap alteration are well preserved, they can obscure deep unexposed porphyries and other styles of mineralisation. If no mineralisation is present at surface, drilling based on geochemical and alteration vectors aided by geophysical data is the best way to explore for buried deposits. Qualified PersonsMorgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed and approved the scientific and technical contents of this news release. About AlmadexAlmadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of prospecting and deal-making by Almadex's management team. The Company owns several portable diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house. On behalf of the Board of Directors, 'J. Duane Poliquin' J. Duane Poliquin, ChairmanAlmadex Minerals Ltd. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release include, among other things, any further work to advance exploration targets at the New Hope project. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability and general economic, market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that forward-looking statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws. Contact Information:Almadex Minerals 604.689.7644Email: info@ Photos accompanying this announcement are available at: in to access your portfolio
