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Almadex Discovers Gold-Rich Porphyry System at Norte Target, El Cobre Project, Mexico: Hits 163.50 Meters of 0.68 g/t Gold and 0.29% Copper Including 43.00 Meters of 1.61 g/t Gold and 0.41% Copper
VANCOUVER, BC--(Marketwired - August 08, 2016) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce
About this update from Mustang Minerals Limited
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - August 08, 2016) - Almadex Minerals Limited (\"Almadex\" or the \"Company\") (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce that it has completed diamond drill hole EC-16-010 to a current depth of 776.51 on the Norte Zone of its 100% owned El Cobre porphyry copper-gold project located in Veracruz, Mexico and has received the assays from the top of this hole to a depth of 317.00 meters. EC-16-010 is the first hole drilled in the Norte Zone since 2008. From 153.50 to 317.00 meters a zone of intense quartz stockwork veining, potassic alteration and copper-gold mineralisation was intersected. From 317.00 to 393.35 meters depth an altered but unmineralised dyke was intercepted. From 393.35 to 539.10 meters a further interval of intense veining, alteration and mineralisation was intersected. This second interval has also been sampled and is currently being analysed at ALS Laboratories. Porphyry style alteration continues to the end of the hole at 776.51 meters and is currently being sampled for analysis. Hole EC-16-010 NORTE ZONE, 180 Az, -55 dip From 48.00 to 101.50, 53.50 meters @ 0.13 g/t gold and 0.09% copper From 153.50 to 317.00, 163.50 meters @ 0.68 g/t gold and 0.29% copper Including 249.50 to 317.00, 67.5 meters @ 1.12 g/t gold and 0.40% copper Including 274.00 to 317.00, 43.00 meters @ 1.61 g/t gold and 0.41% copper Including 289.00 to 305.50, 16.5 meters @ 2.54 g/t gold and 0.63% copper The Company is currently consolidating the past geochemical, geophysical and drill data and will incorporate the full results of EC-16-010, once they are available, into future drilling plans at the Norte Zone. In the meantime, one of the Company's drills with greater depth capability is being set up to deepen hole EC-16-010. The Company is mobilising a second drill and drilling team so that drilling can continue on other targets at El Cobre project while drilling continues on the Norte Zone. Complete assay results, core photos, sections and plans corresponding to the results released today will be posted to the Company's website. Almadex Chairman, J. Duane Poliquin commented, \"These results now show the potential of the El Cobre project to host a significant gold-rich porphyry system. The Norte zone is one of four well defined porphyry centres within a very large zone of porphyry related alteration. ...