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Almadex Minerals Reports Final Drilling From Q2 Drill Program at Davis/Paradise in Nevada
VANCOUVER, British Columbia, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce the res
About this update from Almadex Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. (\"Almadex\" or the \"Company\") (TSX-V: “DEX”) is pleased to announce the results of drilling from the final three holes of its May/June 2022 drilling program at its Davis/Paradise project in Nevada. Two holes (DP22-003 and 4) were drilled in the sinter target area of the project (Figure 1). The sinter target covers a zone of silicification interpreted to represent an ancient hotspring deposit and paleo water table environment. The hotspring layered silica deposits are locally crosscut by banded epithermal veins which dip to the west and strike roughly N-NE. Two holes were drilled from pads permitted before detailed mapping was conducted in this area. This detailed mapping indicates that the veins may dip away from the drilling, so future drilling is planned to be carried out from pads that can better facilitate holes to drill deep underneath the sinter area and cross cut veins at right angles to the structural measurements made on surface. A summary of results is as follows: DP-22-004 intersected a 2.0 metre interval from 59.50 metres averaging 1.16 g/t gold in a crustiform vein. DP-22-003 intersected a 0.5 metre interval from 269.0 metres that returned 0.32 g/t gold in a banded vein and a 2.0 metre interval from 304.3 averaging 0.19 g/t gold at the bottom of the hole in altered rock and veined volcanic. As noted above, mapping suggests that these holes were not collared optimally to intersect the banded veins mapped on surface in the sinter zone. Both sinter holes were associated with elevated epithermal pathfinder elements, supporting the interpretation that the altered zones and veins intersected are at high levels in the epithermal system that formed them. The final hole DP-22-005 was drilled in the Butler area. This first hole into this area did not intersect veining and returned no values of significance. The attached map shows the location of all drilling completed by Almadex to date. Prior to drilling, a surface prospecting, mapping and sampling program was initiated over this very large multi target project. This work is ongoing and the Company expects to be able to report on results of surface sampling and alteration mapping soon once data has been compiled. J. Duane Poliquin, Chairman of Almadex commented, “These new res...