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Almadex Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Encinal | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 7/25/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-7-2017: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Encinal deposit at the El Cobre project. Drilling results incl. 431.9m @ 0.86g/t Au, 0.27% Cu from 204.1m. VANCOUVER, B.C. Almadex Minerals Limited ("Almadex" or the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Larry Segerstrom (Internal) | |
| ABSTRACT: | VANCOUVER, B.C. Almadex Minerals Limited ("Almadex" or the "Company") (TSX-V: AMZ; OTCQB: AXDDF) is pleased to announce it has received assay results from hole EC-17-026 of the 2017 Norte drilling program. EC-17- 026 was drilled to target and expand the high grade mineralisation and intersected multiple zones of intense stockwork veining and potassic alteration accompanied by significant copper and gold grades. Highlights from hole EC-17-026 include the following intercepts all of which are also shown on the attached plan and section. J. Duane Poliquin, Chairman of Almadex commented, “Since the Norte Zone discovery we have been carrying out a systematic drill campaign to define this target. While a broad lower grade zone envelopes the high grade mineralisation we have intercepted, it is clear that a discrete high gold copper porphyry system may be a target for our drill program which to date has been based on large step-outs. Future Norte drilling will focus on defining the high grade zone now emerging from the Norte drill program. Elsewhere on the project we continue to drill at the Encinal Zone and anticipate drilling on the newly discovered Raya Tembrillo zone when this first pass Encinal Zone drilling is complete. We look forward reporting further results in the coming weeks and months as the programs progress.” Also reported today are results from Norte Zone holes EC-17-023 and EC-17-024. EC-17-023 was drilled away from the Norte Zone at an azimuth of 180 and intersected mineralisation near the collar. EC-17-024 was also drilled away from the Norte Zone at an azimuth of 030 and intersected weak mineralisation throughout the hole. Intersections from these holes are shown on the attached plan. The Company has now established a drill pad at the Raya Tembrillo target which is located within the Villa Rica Zone, roughly two kilometres to the south of the Norte Zone. | |
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