For thousands of other reports visit RSC's Mineral Intellingence Map
Almadex Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Norte Zone | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 11/9/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-11-2016: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Norte Zone deposit at the El Cobre project. Drilling results incl. 414.36m @ 0.16g/t Au, 0.11% Cu from 9.14m. VANCOUVER, B.C. Almadex Minerals Limited ("Almadex" or t | |
| 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 complete results from hole EC-16-13, drilled from the same pad as the previously announced holes EC-16-10 and 12, which were designed to follow up a hole drilled in 2008 that ended in significant mineralisation. Hole EC-16-13 intersected less stockwork veining and related mineralisation as that seen in the previously announced holes and returned correspondingly lower grades. This new hole confirms that the Norte drilling to date has intersected a shallow dipping, distal and high level portion of a porphyry system with significant gold values. J. Duane Poliquin, Chairman of Almaden commented, “We started drilling again at the Norte zone to follow up an old hole that ended in important mineralisation. The Norte Zone has room to grow from the recently reported intersections. Nevertheless, the extensive geophysical and alteration work we have done in the past show this area to be an offshoot of a much bigger target which may represent the intrusive core of this large porphyry system. This untested bigger target along with the untested Villa Rica zone will be drilled in the weeks and months ahead. To that end, a new more powerful drill was recently built for the Company. It was shipped from Vancouver and should be in Mexico within two weeks.” The Norte Zone is located at the north end of a large area of intense hydrothermal alteration, high magnetics and chargeability geophysical responses as well as a broad zone of anomalous gold, copper and molybdenum in soils. The mineralisation in the Norte Zone encountered to date is interpreted to be lithologically controlled and hosted by country rocks distal to the core of a porphyry system which management believes is yet to have been intersected. Geophysical sections highlight that the intersections are in a high level feature connected to a large coincident Induced Polarisation “IP” chargeability and magnetic susceptibility high at depth. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report