Business
Almadex Minerals: Drilling Underway at San Pedro, Exploration Program Update
VANCOUVER, British Columbia, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to provide an additi
About this update from Almadex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. (\"Almadex\" or the \"Company\") (TSX-V: “DEX”) is pleased to provide an additional update on activities further to the Company’s news release of April 6, 2021, which provided an overview of planned activities by the Company and its partners for 2021 at its mineral properties in British Columbia, Nevada, and Mexico. A summary of the work underway or planned for each project is provided below, including information on the San Pedro drill program currently underway. San Pedro, Mexico Drilling is now underway at the Company’s wholly owned 990 hectare San Pedro Project in Jalisco Mexico. The project is accessed from Guadalajara, 115 km along a paved highway. The project is prospective for epithermal style gold and silver deposits. Past work by Almadex and previous operators includes surface sampling, geophysics, and drilling. A 55-sample reconnaissance rock chip sampling program conducted by APEX Geoscience Ltd. for a previous operator returned gold values from below detection to 12.4 g/t gold (averaging 0.44 g/t gold) and 0.07 to 2,490 g/t silver (averaging 71.0 g/t silver). Historical reports in the Company’s possession indicate that past (ca. 2006) reverse circulation drilling results included 6.08 metres drilled width averaging 1.65 g/t gold and 19.5 g/t silver. The estimated true width of the mineralized zone is unknown, and additional drilling will be required to verify the reported results, which appear to have targeted high gold, silver, and base metals in soil anomalies. Almadex has conducted IP geophysics in these areas which has identified high chargeability responses that were not tested by the past drilling efforts. Lajas, Mexico At the Lajas Project located in Zacatecas State, a field program was just completed. This program was implemented to refine drill targets prior to a first pass diamond drill program planned for later this year. The 100% Almadex owned 2113 hectare property covers a low-lying area with exposed banded epithermal veins. Veining was first identified by the company during a regional exploration program and the property was acquired by staking. In the past the company completed mapping, sampling and IP geophysicial surveys. Work identified old drill collars from a previous operator but results from this pro...