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Almadex Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Norte Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 12/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 15-12-2016: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Norte Zone deposit at the El Cobre project. Drilling results incl. 497.00m @ 0.33g/t Au, 0.16% Cu from 5.00m. VANCOUVER, B.C. Almadex Minerals Limited ("Almadex" or | |
| 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 partial results (to 502.00 meters depth) from hole EC-16-16, drilled from the same pad as the previously announced holes EC-16-10, 12 and 13, but at an azimuth of 200 degrees and a dip of -55. Hole EC-16-16 intersected significant mineralisation from the collar, similar to that announced previously in the Norte Zone. Hole EC-16-14 was also collared from this pad but was drilled to the north at an azimuth of 0 degrees and a dip of -80 degrees. This hole, like the previously announced hole EC-16-013, intersected considerably less stockwork veining and corresponding mineralisation. Together these two new holes reported today further support the interpretation that the Norte drilling to date has intersected shallow dipping to flat lying mineralisation with significant gold values, that represents a distal and high level portion of a porphyry system. The current data suggests that the mineralisation trends to the south towards the undrilled high chargeability and magnetics target known as Villa Rica. Extending from the Norte Zone to the Villa Rica zone there is a roughly 2.5 kilometer long by 1 kilometer wide zone of high chargeability, high magnetics and high copper, gold and molybdenum in soil that has never been drill tested (see attached maps and IP section summary). Also reported today are results from hole EC-16-015 drilled within the Encinal Zone roughly 3 kilometers to the southeast of the Norte Zone. Hole EC-16-015 encountered phyllic alteration overprinting propylitic alteration, indicative of a distal portion of the porphyry system. | |
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