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Almadex Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Norte Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 8/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-8-2016: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Norte Zone deposit at the El Cobre project. Drilling results incl. 150.90m @ 0.55g/t Au, 0.22% Cu from 391.80m. 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 that it has received further assay results from diamond drill hole EC-16-010 on the Norte Zone of its 100% owned El Cobre porphyry copper-gold project located in Veracruz, Mexico. Reported today are results from 317.00 meters to 542.70 meters depth. On August 8th, 2016 the Company released results up to 317.00 meters depth. EC-16-010 is the first hole drilled in the Norte Zone since 2008. From 153.50 to 317.00 meters a zone of intense quartz stockwork veining, potassic alteration and copper-gold mineralisation was intersected. From 317.00 to 393.35 meters depth an altered but unmineralised dyke was intercepted. From 393.35 to 542.70 meters a further interval of intense veining, alteration and mineralisation was intersected and is reported herein. Porphyry style alteration continues to the end of the hole, currently at ~890 meters depth and advancing. The Company is currently consolidating the past geochemical, geophysical and drill data and will incorporate the full results of EC-16-010, once they are available, into future drilling plans at the Norte Zone. In the meantime, one of the Company’s drills with greater depth capability is currently deepening hole EC-16-010. The Company is mobilising a second drill and drilling team so that drilling can continue on other targets at the El Cobre project while drilling continues on the Norte Zone. Complete assay results, core photos, sections and plans corresponding to the results released today will be posted to the Company’s website. | |
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