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Almadex Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Norte Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 6/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-6-2017: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Norte Zone deposit at the El Cobre project. Drilling results incl. 153.50m @ 0.68g/t Au, 0.27% Cu from 93.0m. VANCOUVER, BC--(Marketwired - June 19, 2017) - Almadex M | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Larry Segerstrom (Internal) | |
| ABSTRACT: | VANCOUVER, BC--(Marketwired - June 19, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce it has received assay results from holes EC-17-021 and EC-17-022 of the 2017 Norte Zone drilling program. EC-17-021 was drilled at an azimuth of 000 from a new pad, located about 285 meters to the south from pad EC-16-010. Hole EC-17-022 was drilled from the same pad as hole EC-16-020 but to the north at an azimuth of 000 degrees. Hole EC-17-021 intersected significant mineralisation starting at a depth of 93 meters. Hole EC-17-022 helps define the mineralised zone along strike and provides a significant stepout from the previous hole drilled from this collar, EC-17-020. Highlights from holes EC-17-021 and 22 include the following intercepts which are also shown on the attached plan and sections: Almadex is also pleased to announce that a new area of exposed stockwork quartz veining and gold mineralisation in the Encinal Zone of the project has been identified. The Encinal Zone is located roughly 3.5 kilometres to the south-southeast of the Norte Zone drilling and 2.5 kilometers southeast of the recently identified Raya Tembrillo Zone of stockwork veining. Almadex has collared a hole which is currently being drilled to test this new area of veining in the Encinal Zone. J. Duane Poliquin, Chairman of Almadex commented, "We are carrying out a systematic drill campaign to follow-up these results in the Norte Zone. Elsewhere on the project we are conducting mapping and sampling preparatory to drilling other zones. This work already has defined previously unknown mineralization in the Villa Rica Zone and now an area of stockwork veining cropping out in the Encinal Zone. We look forward to reporting further results in the coming weeks and months as the programs progress." | |
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