Business
Almadex Minerals Drills 108 Metres of 0.88 g/t Gold at Porvenir Zone, El Cobre Project
VANCOUVER, BC--(Marketwired - December 05, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQX: AXDDF) is pleased to announc
About this update from Mustang Minerals Limited
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - December 05, 2017) - Almadex Minerals Limited (\"Almadex\" or the \"Company\") (TSX VENTURE: AMZ) (OTCQX: AXDDF) is pleased to announce it has received assay results from holes EC-17-040 and 042, the first drilled since 2013 at the Porvenir Zone which is located roughly 3 km to the southeast of the Norte Zone and 1.8 km southeast of the Raya Tembrillo area of the Villa Rica Zone. Since 1998, the El Porvenir area has seen 18 past diamond and RC drill holes many of which intersected important porphyry mineralisation. Hole EC-17-040 was drilled at an azimuth of 220 to cut approximately perpendicular to the strike of a sheeted vein zone identified in outcrop. This hole intersected significant fresh hypogene porphyry alteration and associated copper gold mineralisation. Hole EC-17-042 was drilled to the west (270 azimuth) and is interpreted to have missed this vein zone. Highlights from hole EC-17-040 and 042 include the following intercepts all of which are also shown on the attached plan and section: Hole EC-17-040 PORVENIR ZONE, 220 Az, -45 dip From 68.00 to 423.00, 355.00 m @ 0.41 g/t gold and 0.16% copper Including 187.00 to 295.00, 108.00 meters @ 0.88 g/t gold and 0.29% copper And 209.00 to 289.00, 80.00 meters @ 1.11 g/t gold and 0.36% copper Hole EC-17-042 PORVENIR ZONE, 270 Az, -45 dip From 118.50 to 196.50, 78.00 m @ 0.11 g/t gold and 0.10% copper J. Duane Poliquin, Chairman of Almadex commented, \"These are the first assays in many years from the Porvenir Zone in the central part of the El Cobre project. We believe that these results demonstrate the potential for a significant deposit in this area of the property and again clearly shows that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. As exploration progresses, it will be interesting to see how the Norte, Porvenir, Villa Rica, and Encinal zones relate at depth.\" About the El Cobre Project The El Cobre Project has a total area of 7,456 hectares and is located adjacent to the Gulf of Mexico, about 75 kilometers northwest of the major port city of Veracruz, Mexico and has uniquely excellent infrastructure. The project area is situated 200 meters above sea level with extensive road access and is located less than 10 kilometers from a p...