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Almadex Minerals Ltd.
Summary
| Project: | Yago | |
|---|---|---|
| Deposit: | Yago | |
| Location: | Mexico | |
| Commodities: | Gold-Copper-Silver | |
| Date: | 2/26/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-2-2019: Almadex Minerals Ltd. announces an Exploration/Drilling Update report for its Yago deposit at the Yago project. Drilling results incl. 0.90m @ 22.0g/t Au, 9.70g/t Ag from 215.80m. Vancouver, B.C. Almadex Minerals Ltd. (“Almadex” or the “Company | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Norm Dircks (Internal) | |
| ABSTRACT: | Vancouver, B.C. Almadex Minerals Ltd. (“Almadex” or the “Company”; TSX-V: DEX) is pleased to provide an update on its exploration activities and results from a prospecting level diamond drilling program in one part of the Yago project (located in Nayarit State, Mexico) called Gallo de Oro where banded epithermal veins crop out at surface. Prospecting carried out during the drilling program identified a new zone of epithermal veining at surface, north-north-east of the area tested by drilling. In this area 5 or 6 north-south striking, steeply dipping quartz veins over approximately 100m width were identified. Fourteen grab samples were collected from banded and mineralized quartz boulders along the north-south trace returning gold values ranging from below detection to 14.05 g/t and averaging 2.65 g/t. Further prospecting and sampling is planned to better define this new area of veining for first pass drilling. In 2018 nine holes were drilled at Gallo de Oro for a total of 2,368.90 metres. All of the holes hit epithermal alteration and quartz veining with several intervals for follow-up, highlights of which are provided below. One of the holes, GDO-18-007 hit 0.90 metres of 22.0 g/t gold and 9.70 g/t silver from 315.80 to 316.70 metres depth in a zone of alteration and sparse veining. While the veining is currently considered to likely be subvertical, true widths cannot be calculated at this time with certainty. | |
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