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Almadex Provides Review of Spences Bridge Gold Belt Projects in Southern British Columbia
VANCOUVER, British Columbia, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. (“Alm...
About this update from Almadex Minerals Ltd.
[{"type":"text","content":"Almadex Provides Review of Spences Bridge Gold Belt Projects in Southern British Columbia\n\n\n\n\n\n VANCOUVER, British Columbia, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. (“Almadex” or the “Company”) (TSX-V: DEX) is pleased to provide an overview of its wholly owned Nicoamen and Merit Projects, located within the Spences Bridge Gold Belt in southern British Columbia.\n \n\n\n\n The Spences Bridge Gold Belt (“SBGB”) is a 110 km northwest-trending belt in southern British Columbia, underlain by Cretaceous-aged volcanic rocks of the Spences Bridge Group. These rocks are highly prospective for low-sulphidation epithermal gold-silver mineralization. Although historically underexplored, the belt has gained attention following recent high-grade gold discoveries like Westhaven Gold’s Shovelnose Project, making it a focus for renewed exploration activity. To date, approximately CA$55 million has been invested in exploration at the Shovelnose Property. In a news release dated March 3, 2025, Westhaven announced an updated Preliminary Economic Assessment (PEA) outlining a robust, low-cost, high-margin underground gold mining operation with a rapid payback period and an estimated mine life of 11.1 years.\n \n\n\n\n\n\n\n\n\n\n\n Figure 1: Location of the Nicoamen and Merit Projects within the Spences Bridge Gold Belt, southern British Columbia.\n \n\n\n Nicoamen Project Highlights\n \n\n\n\n\n Almadex’s wholly owned Nicoamen Project consists of 9 claims totalling 3,332 hectares. The Property is located approximately 17 km southeast of Lytton, 34 km northeast of Boston Bar and 40 km northwest of Westhaven Gold’s Shovelnose Project. Initially staked by Almadex in 2004, the property has since been explored through a combination of stream sediment, rock, and soil sampling, trenching, and geophysical surveys including induced polarization and ground magnetics.\n \n\n\n\n The most recent work on the property was carried out by Independence Gold Corp. (“IGO”) under an option agreement that granted them the right to earn a 60% interest in the Nicoamen Property. Prior to the termination of the agreement in early 2022, IGO carried out an exploration program that included 41 rock samples, 245 soil samples, and a ground magnetic survey covering half of the prope...