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Almadex Minerals Provides Western USA Porphyry Copper-Gold Exploration Update and Plans for 2025
VANCOUVER, British Columbia, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to discuss final exp
About this update from Almadex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. (\"Almadex\" or the \"Company\") (TSX-V: “DEX”) is pleased to discuss final exploration results from 2024 and the Company’s 2025 exploration plans on its projects in the western USA. Since 2023 the Company has assembled a portfolio of porphyry copper-gold and epithermal gold-silver exploration projects by staking, and the Company expects to make more acquisitions by staking in 2025. The projects acquired to date are located in Nevada, Colorado, New Mexico and Arizona. In 2024 the Company advanced these projects with surface exploration programs including mapping, soil and rock sampling and in some cases IP and magnetics geophysical surveys. Generative work focussed on high sulphidation and porphyry systems continues. Updates relating to the key porphyry and copper exploration projects in the portfolio along with 2025 guidance is provided below. New Hope Porphyry Copper Prospect, Arizona The New Hope porphyry copper project is located approximately 35 km northwest of the Safford copper porphyry district and 55 kilometres west of the Morenci copper porphyry district in southeastern Arizona. The project covers a roughly 3.5 by 1.5 kilometre area of intense hydrothermal alteration characteristic of the upper levels of a porphyry system including a preserved portion of the lithocap. In 2024 detailed alteration and geologic mapping along with rock and soil sampling was carried out. This work identified a 600 metre diameter zone of sheeted quartz-magnetite veining on the project interpreted to be typical of those found above shallow-level emplaced porphyry systems. Soil and rock chip sampling returned anomalous Ag-Mo-Cu-Au and Bi, aiding the interpretation that the mapped zone of veining represents a porphyry centre within the alteration footprint. Almadex plans further soil sampling and geophysical surveys in 2025, and has a BLM permit for diamond drilling. Paradise Porphyry Copper-Gold Prospect, Nevada The Paradise project covers a large 4.5 by 1.8 km porphyry lithocap comprised of acid sulphate alteration hosting high sulphidation gold-silver mineralisation and is located about 5 km to the east of the historic Paradise Peak mine which was a high sulphidation gold deposit. In 2024 Almadex completed a detailed field alteration mapping progr...