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Almadex Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Norte | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 10/4/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-10-2017: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Norte deposit at the El Cobre project. Drilling results incl. 481.65m @ 0.67g/t Au, 0.27% Cu from 107.60m. 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; OTCQX: AXDDF) is pleased to announce it has received assay results from hole EC-17-034 of the 2017 Norte drilling program. EC-17- 034 was drilled to test for the continuity of mineralisation within the area of defined mineralisation and to the northwest, between previous holes EC-17-030 and EC-16-016, and helps define and confirm mineralisation in this area. Highlights include the following intercepts all of which are also shown on the attached plan and section. J. Duane Poliquin, Chairman of Almadex commented, “This hole demonstrates further continuity in this part of the Norte mineralised envelope. The Norte Zone is one of several porphyry targets on the property which we plan to aggressively explore and, in the case of Norte, drill in detail with the goal of defining a resource.” The El Cobre Project has a total area of 7,456 hectares and is located adjacent to the Gulf of Mexico, about 75 kilometers northwest of the major port city of Veracruz, Mexico and has uniquely excellent infrastructure. The project area is situated 200 meters above sea level with extensive road access and is located less than 10 kilometers from a power plant, highway, gas line and other major infrastructure. Major power lines cross the property area. Almadex has its full drill permits from SEMARNAT and has land access agreements in place. The land ownership is private over most of the project area, has previously been cleared and is used for local agricultural purposes. The four copper-gold porphyry targets currently known within the El Cobre Project, Encinal, El Porvenir, Norte and Villa Rica are defined by distinct Cu-Au soil anomalies, discrete, positive magnetic features and a large IP chargeability anomaly. | |
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