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Almadex Minerals Drills 103.85 Meters of 1.33 g/t Gold and 0.41% Copper at Norte Zone, El Cobre Project
VANCOUVER, BC--(Marketwired - August 03, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQX: AXDDF) is pleased to announce
About this update from Mustang Minerals Limited
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - August 03, 2017) - Almadex Minerals Limited (\"Almadex\" or the \"Company\") (TSX VENTURE: AMZ) (OTCQX: AXDDF) is pleased to announce it has received assay results from hole EC-17-027 of the 2017 Norte drilling program. EC-17-027 was drilled to target and expand the high grade mineralisation, and intersected multiple zones of intense stockwork veining and potassic alteration accompanied by significant copper and gold grades. Highlights from hole EC-17-027 include the following intercepts all of which are also shown on the attached plan and section: Hole EC-17-027 NORTE ZONE, 330 Az, -60 dip From 191.85 to 468.65, 276.80 meters @ 0.67 g/t gold and 0.23% copper (0.99 g/t AuEq; 0.72% CuEq) Including 193.85 to 297.70, 103.85 meters @ 1.33 g/t gold and 0.41% copper (1.89 g/t AuEq; 1.38% CuEq) From 582.60 to 677.00, 94.40 meters @ 0.73 g/t gold and 0.25% copper (1.07 g/t AuEq; 0.78% CuEq) Including 587.00 to 649.00, 62.00 meters @ 0.97 g/t gold and 0.31% copper (1.40 g/t AuEq; 1.02% CuEq) 1 Gold equivalent (\"AuEq\") and copper equivalent (\"CuEq\") values are calculated assuming 100% recoveries and prices of US$1,250/oz gold and US$2.50/lb copper. Figure 1. El Cobre Project Exploration Targets Figure 2. Norte Zone Plan Map Figure 3. Cross Section, Looking 240 degrees J. Duane Poliquin, Chairman of Almadex commented, \"Since the Norte Zone discovery we have been carrying out a systematic drill campaign to define this target. While a broad lower grade zone envelopes the high grade mineralisation we have intercepted, it is clear that a discrete high grade gold copper porphyry system may be a target for our drill program, and this hole helps to further define the high grade zone that is emerging from the drill program. In other matters, in response to growing investor interest since our discovery at the Norte Zone, we have chosen to have Almadex's shares upgraded to the OTCQX from the OTCQB® Venture Market, enabling even greater exposure and accessibility to our expanding U.S. and global shareholder base. Almadex will continue to trade under symbol \"AXDDF\" on the OTCQX and looks forward to broadening its shareholder base further through the OTCQX platform.\" About the El Cobre Project The El Cobre Project has a total area of 7,456 hectares and is located adjacent to the Gul...