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Almadex Minerals Intersects 2.9 metres of 7.45 g/t Gold at the San Pedro Silver-Gold Project, Mexico
VANCOUVER, British Columbia, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that it
About this update from Almadex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. (\"Almadex\" or the \"Company\") (TSX-V: “DEX”) is pleased to announce that it has received results from the third hole (SP-22-005) drilled in 2022 on its wholly owned San Pedro Project located in Jalisco, Mexico (Figure 1). This hole was drilled roughly 60m away from the pad where previously reported holes SP-22-003 and SP-22-004 were drilled from (see Almadex news releases of December 6th and December 12th of 2022). Hole SP-22-005 also intersected long intervals of brecciated rock and returned two separate mineralised intersections including: From 1.35 to 3.85 metres (2.50 metres) of 0.42 g/t gold and 106.5 g/t silverFrom 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 Cominco, returned anomalous gold, silver and base metals. Including the hole reported here, four holes have now been completed by Almadex in this Phase 2 program, following on the two completed in 2021 (Figures 2, 3 and 4). The breccia zone intersected in the recent drilling by Almadex is likely to be part of this large high sulphidation system as confirmed by the observation of vuggy silica textures in a breccia fragment. Elevated copper in the form of chalcopyrite may reflect the potential for an underlying porphyry copper system as well. Furthe...