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Almadex Minerals Ltd.
Summary
| Project: | El Cobre | |
|---|---|---|
| Deposit: | Raya Tembrillo | |
| Location: | Mexico | |
| Commodities: | Gold-Copper | |
| Date: | 11/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-11-2017: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Raya Tembrillo deposit at the El Cobre project. Drilling results incl. 117m @ 0.13g/t Au, 0.55% Cu from 17m. 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; OTCQX: AXDDF) is pleased to announce it has received assay results from holes EC-17-037, 038 and 039, the first ever drilled at the Raya Tembrillo area which is the very northern part of the large Villa Rica Zone of the El Cobre property. This area is located approximately two kilometers south of the Norte Zone where previous drilling on the El Cobre property has been carried out. All holes reported today were drilled from the same pad but at various azimuth and dips. All holes intersected a chalcocite dominant enriched copper zone right from surface. This is the first time significant enriched mineralisation has been identified on the project. Hole EC-17-037 also intersected significant hypogene copper and gold grades while hole EC-17-039 intersected a stockwork zone with significant gold grades and minor copper enrichment. At this time the extent and orientation of both the hypogene and enriched mineralisation are not understood. Further drilling in the area is currently underway. J. Duane Poliquin, Chairman of Almadex commented, “We are very excited to report these first assays from the very northern part of the large Villa Rica Zone. We believe that these results are proof of large scale porphyry potential in this part of the project. While we have demonstrated the potential for a significant deposit with our Norte drilling, today’s first pass results at Raya Tembrillo clearly show that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. | |
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