New Hope Project - 598,500E Chargeability Pseudo Section
Select representative core photos from hole NH-26-002
Select representative core photos from hole NH-26-002 (cont.)
VANCOUVER, British Columbia, June 30, 2026 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: "DEX") is pleased to announce that it has received and interpreted results from the second hole of its two hole, first pass drill program at its wholly owned New Hope copper-gold porphyry exploration project in Arizona, USA. The Company also provides an update on the induced polarisation ("IP") geophysical program at New Hope and its upcoming exploration drilling plans. Details are provided below.
Highlights
Final assays have been received from the second hole of the first pass drilling program at the New Hope property. The hole, which was collared from the same pad as the first hole of the program, intersected andesite units affected by phyllic alteration and intruded by late diorite bodies to a depth of 483 meters, after which a tourmaline bearing breccia body was encountered until the end of the hole at 926.6 metres. Short zones of mineralisation with trace chalcopyrite were intersected, including 6.00 metres @ 0.15% copper and 156 ppm molybdenum;
Magnetics and mapping suggest that the New Hope drilling to date is on the western edge of a 2.5 km x 0.75 km area of mapped phyllic and remnant lithocap porphyry alteration;
IP geophysics extended the IP geophysical anomaly 1.95 km to the east of the line where both holes were drilled;
All results are currently being compiled in order to plan a potential stage II drill program on the project;
Further mapping, sampling and IP geophysics has recently been carried out at the Rattlesnake project.
J Duane Poliquin, Chairman of Almadex commented, "The final results reported today from Almadex's first ever drill program on the New Hope property confirm the presence of a large alteration system that is copper bearing. We look forward to continuing our first-pass drilling program on our newly generated portfolio of exploration projects."
New Hope Project Assay Results and Hole 2 Observations
The New Hope project covers a large (2.5 by 0.75 km) area of mapped phyllic and remnant lithocap porphyry alteration. Recent drone-based magnetics suggest that the drilling to date is on the western edge of the alteration zone and a broad magnetics low associated with this alteration zone. The recent IP lines surveyed to the east of the initial line supports this interpretation as the chargeability remains strong and open in this direction. Assay results have been received from the second hole of the now complete first pass, two hole drill program at New Hope.