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Almadex Minerals Ltd.
Summary
| Project: | El Chato | |
|---|---|---|
| Deposit: | El Chato | |
| Location: | Mexico | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 4/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-4-2018: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its El Chato deposit at the El Chato project. technical report summarising exploration completed on property. This Technical Report (the “Report”) is written for the El Ch | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kristopher Raffle (APEX Geoscience Ltd.) | |
| ABSTRACT: | This Technical Report (the “Report”) is written for the El Chato property (the “Property” or “El Chato”), which is held 100 percent (%) by Minera Gavilán S.A. de C.V. (“Minera Gavilán”), a wholly owned subsidiary of Almadex Minerals Limited (“Almadex”). On May 15, 2015, Almaden transferred its interest in Minera Gavilán to Almadex. The Property has a total area of 5,332 hectares (“ha”) and is located in Puebla State, 10 kilometres (“km”) east of Libres Town, 70 km northeast of Puebla city, 165 km east of Mexico City and 160 km northwest-west of Veracruz City. During 2017, Almadex retained APEX Geoscience Ltd. (“APEX”) to complete an independent Canadian National Instrument 43-101 (“NI 43-101”) Technical Report specific to the Property. The author of the Report, Mr. Kristopher J. Raffle, P.Geo., principal of APEX and an independent Qualified Person as defined by NI 43-101, conducted property visits on September 23rd and 24th, 2012, and September 19th, 2017. Following defined zones of interest associated with intrusive centers along the TransMexican Volcanic Belt (“TMVB”) by M. Poliquin and the team of Almaden, Almaden staked several areas along the TMVB including the Property. The project covers a large area of hydrothermal alteration interpreted to represent an eroded lithocap to a porphyry system. Almaden, Almadex and partners completed field work programs on the El Chato project between 2011 and 2017. These field work programs included stream sediment, soil geochemistry and short-wave infrared spectrometry (“SWIR”) surveys as well as collection of a significant number of rock/grab samples with associated geological mapping. In addition, surface induced polarization (“IP”) / resistivity geophysical survey was carried out in strategic zones. These surveys identified three areas of interest: the Northeast Ridge (the “Northeast Ridge”), the Central Monticule and the Southwest Ridges (the “Southwest Ridges”). | |
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