Business
Almadex Minerals Drills 534.9 Meters of 0.90 g/t Gold and 0.30% Copper at Norte Zone, Mexico
VANCOUVER, BC--(Marketwired - August 15, 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 15, 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-17-029 of the 2017 Norte drilling program. EC-17-029 was drilled to target and expand the high grade mineralization and intersected high grade mineralization and multiple zones of intense stockwork veining and potassic alteration accompanied by significant copper and gold grades. Highlights include the following intercepts all of which are also shown on the attached plan and section: Hole EC-17-029 NORTE ZONE, 330 Az, -70 dip From 118.60 to 653.50, 534.90 meters @ 0.90 g/t gold and 0.30% copper (1.31 g/t AuEq; 0.96% CuEq) Including 118.60 to 510.15, 391.55 meters @ 1.06 g/t gold and 0.34% copper (1.53 g/t AuEq; 1.11% CuEq) And 167.35 to 312.15, 144.80 meters @ 1.77 g/t gold and 0.45% copper (2.39 g/t AuEq; 1.74% CuEq) And 200.15 to 298.15, 98.00 meters @ 1.96 g/t gold and 0.48% copper (2.62 g/t AuEq; 1.91% 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 Target 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. To date the program has been based on large step-outs which have yet to define the limits of mineralisation. Future Norte drilling will also focus on defining the high grade zone that is emerging from the drilling results. Continuous mineralization in hole 29 starting close to surface and continuing for over half a kilometer shows the Norte Zone is developing significant tonnage as well as good grades. Elsewhere on the project first pass Encinal Zone drilling is complete and while we await assays from this work a drill is now being moved to the newly discovered Raya Tembrillo target within the large Villa Rica zone for the very first drill hole there.\" 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 Ve...