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Almadex Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Norte Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 4/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-4-2017: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Norte Zone deposit at the El Cobre project. Drilling results incl. 342.0m @ 0.60g/t Au, 0.27% Cu from 20.0m. Almadex Minerals Limited ("Almadex" or the "Company") (TSX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Larry Segerstrom (Internal) | |
| ABSTRACT: | Almadex Minerals Limited ("Almadex" or the "Company") (TSX-V: AMZ; OTCQB: AXDDF) is pleased to announce it has received assay results from the first hole of the 2017 El Norte drilling program, EC-17- 018, drilled from the same pad as the previously announced holes EC-16-010, 012, 013, 014, 016 and 017, but at an azimuth of 180 degrees and a dip of -30. Hole EC-17-018, like the previous holes drilled from this pad, intersected significant mineralisation from the collar. Hole EC-17-018 represents a significant up dip step out and intercepted mineralisation up to 200 meters vertically above that in hole EC-16-010 which was drilled at -55, beneath. J. Duane Poliquin, Chairman of Almadex commented, “After our discovery in 2016, 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 mineralisation in the Villa Rica zone. We look forward reporting further results in the coming weeks and months as the programs progress.” All five holes drilled in the Norte Zone prior to 2016 intersected porphyry-style mineralization. Drilling in 2016 and 2017 has been designed to test this zone to the south and at depth. | |
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