Business
Almadex Minerals Provides Update on Projects, Partner Activities and Exploration Plans for 2023
VANCOUVER, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to provide an updat
About this update from Almadex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, March 02, 2023 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. (\"Almadex\" or the \"Company\") (TSX-V: “DEX”) is pleased to provide an update on its projects, partner activities and exploration plans for 2023. The Company, and its predecessors, has acquired a portfolio of mineral projects in North America through grassroots exploration and agreements. The Company’s goal is to create value by making new discoveries on its mineral projects through drilling focussed exploration programs either directly or in partnership with third parties. The Company continues to review new opportunities and conduct regional research and exploration for new acquisitions. The Company also possesses a portfolio of royalties on exploration and development projects and holds a 100% interest in the Logan Zinc-Silver project for which the Company recently announced a 43-101 compliant resource (see news release of January 26, 2023). In 2023, as more fully described below, Almadex plans to continue drilling on several of its projects including in the Paradise-Davis gold-silver-copper project (Nevada), the San Pedro gold-silver project (Mexico) and the Victoria gold-silver project (Mexico). J Duane Poliquin, Chairman of Almadex commented, “Our projects portfolio is the result of years of effort and invested intellectual capital, and our CAD$18 Million cash position as of Q3 2022 gives us the luxury of advancing these projects in the manner best suited for shareholders. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record.” Davis/Paradise Gold-Silver Project, Nevada, USA Almadex holds the rights to earn 100% of this property, which covers multiple targets, and is located approximately eight miles southeast of Gabbs, Nevada and five miles northeast of the Paradise Peak gold mine, which was active from 1984 to 1994. The Davis/Paradise property is fully permitted for drilling which is planned on several targets in 2023 including the Davis vein, the Turquoise Ridge copper porphyry target and the broad Paradise high sulphidation alteration target areas. The further drilling planned at the Davis vein is to test the continuation of the vein at depth where drilling carried out earlier in 2022 (see Almadex release of July 15, 2022) returned imp...