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Almadex Minerals Drills 151 Metres of 0.8 g/t Gold and 0.3% Copper at El Cobre Project
VANCOUVER, BC--(Marketwired - September 14, 2017) - Almadex Minerals Limited ("Almadex" or the "Company") (TSX VENTURE: AMZ) (OTCQX: AXDDF) is pleased to announ
About this update from Mustang Minerals Limited
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - September 14, 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-17-033 of the 2017 Norte drilling program. EC-17-033 was drilled to test for the continuity of mineralisation within the area of defined mineralisation, between previous holes EC-17-017 and 026, and helps define and confirm mineralisation in this area. Highlights include the following intercepts all of which are also shown on the attached plan and section: Hole EC-17-033 NORTE ZONE, 315 Az, -70 dip From 240.00 to 513.50, 273.50 meters @ 0.59 g/t gold and 0.21% copper (0.88 g/t AuEq; 0.64% CuEq) Including 244.00 to 450.70, 206.70 meters @ 0.74 g/t gold and 0.26% copper (1.10 g/t AuEq; 0.80% CuEq) And 246.00 to 397.00, 151.00 meters @ 0.88 g/t gold and 0.30% copper (1.30 g/t AuEq; 0.95% 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. J. Duane Poliquin, Chairman of Almadex commented, \"We are pleased to once again demonstrate continuity in this part of the defined mineralised envelope. The Norte Zone is one of several defined porphyry targets on the property which we plan to aggressively explore and, in the case of Norte, drill in detail with the goal of defining a resource.\" 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 kilometres 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 power plant, highway, gas line and other major infrastructure. Major power lines cross the property area. Almadex has its full drill permits from SEMARNAT and has land access agreements in place. The land ownership is private over most of the project area, has previously been cleared and is used for local agricultural purposes. The four copper-gold porphyry targets currently known within the El Cobre Project, Encinal, El Porvenir, Norte and Villa Rica are defined by distinct Cu-Au soil anomalies, discrete, positive magnetic features and a large I...