From 1.35 to 3.85 metres (2.50 metres) of 0.42 g/t gold and 106.5 g/t silver
From 141.10 to 144.00 (2.90 metres) of 7.45 g/t gold and 9.5 g/t silver
Including From 142.25 to 143.30 (1.05 metres) of 18.65 g/t gold and 20.5 g/t silver
The hole SP-22-05 intersected two zones where disseminated sulphides were observed to be associated with silicification in the matrix of the breccia. Vuggy silica texture was recognised in the breccias. With the information currently available, the breccia body appears to have a subhorizontal distribution. Further surface mapping is planned to confirm and refine this interpretation in order to optimise the next drilling program.
The San Pedro project covers a large area of acid sulphate alteration, including zones previously described as vuggy silica. Recent Terraspec analysis indicates sericitisation superimposed on propylitic alteration in the mineralised zones with acid sulphate alteration occurring at the north end of the project. Elevated base metals and silver have been returned from outcrop sampling and previous soil sampling surveys. Previous RC drilling by past operators, (shown on attached figures) including
Qualified Persons
About Almadex
About the
Almadex acquired the San Pedro project by staking. The property comprises approximately 1,000 hectares with multiple targets, located approximately 18 kilometers southeast from
On behalf of the Board of Directors,
“J. Duane Poliquin”
Neither the
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release relating to the Company include, among other things, the current geological interpretations and the planned drilling activities at San Pedro. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability, relationships with third-party clientele and their willingness or ability to continue to use the Company’s drills for exploration, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws.
Contact Information:
Tel. 604.689.7644
Email: info@almadexminerals.com
http://www.almadexminerals.com/
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/46fb31bb-2df0-4f1e-b1c7-5a2e5c05ce33
https://www.globenewswire.com/NewsRoom/AttachmentNg/7fd7b8a3-634b-45b2-9c34-8b5449b83a26
https://www.globenewswire.com/NewsRoom/AttachmentNg/052728ac-69b2-4cba-ae19-b6cbe988eb7c
https://www.globenewswire.com/NewsRoom/AttachmentNg/cd6238c2-bbbf-4c8f-9b5c-008c4f838400
Figure 1. San Pedro Property
Location Map
Figure 2. San Pedro Property
Alteration Map
Figure 3. San Pedro Property
Drill Plan Map
Figure 4. San Pedro Property
Drill Section Map
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