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Almadex Minerals Reports Second Gold-Rich Porphyry Interval From Hole EC-16-010 at Norte Target, El Cobre Project, Mexico: Hits 150.90 Meters of 0.55 G/T Gold and 0.22% Copper
VANCOUVER, BC--(Marketwired - August 17, 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 17, 2016) - Almadex Minerals Limited (\"Almadex\" or the \"Company\") (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce that it has received further assay results from diamond drill hole EC-16-010 on the Norte Zone of its 100% owned El Cobre porphyry copper-gold project located in Veracruz, Mexico. Reported today are results from 317.00 meters to 542.70 meters depth. On August 8th, 2016 the Company released results up to 317.00 meters depth. 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 542.70 meters a further interval of intense veining, alteration and mineralisation was intersected and is reported herein. Porphyry style alteration continues to the end of the hole, currently at ~890 meters depth and advancing. 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, 67.50 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, 16.50 meters @ 2.54 g/t gold and 0.63% copper* From 391.80 to 542.70, 150.90 meters @ 0.55 g/t gold and 0.22% copper Including 402.00 to 536.00, 134.00 meters @ 0.61 g/t gold and 0.24% copper Including 424.50 to 435.00, 10.50 meters @ 0.89 g/t gold and 0.26% copper Including 472.50 to 534.50, 62.00 meters @ 0.86 g/t gold and 0.33% copper *Interval previously reported in news release of August 8th, 2016 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 currently deepening hole EC-16-010. The Company is mobilising a second drill and drilling team so that drilling can continue on other targets at the El Cobre project while drilling continues on the Norte Zone. Complete assay results, core photos, sections and plans corresponding to the ...