Drilling Commences On The Sinter Zone At Paradise-Davis Project

VANCOUVER - Almadex Minerals Ltd. has commenced a diamond drilling program at the Sinter Zone at its Paradise-Davis Project, Nevada. Almadex hopes to drill two holes in the sinter zone before the end of the year. The sinter zone covers an area of high level epithermal alteration and veining. Mapping of alteration and textures on this target has identified features typical of the surficial expression of an epithermal system. The drilling will target feeder veins beneath this alteration.

The sinter zone is located adjacent and to the north of the porphyry lithocap area and is interpreted to represent a separate hydrothermal system. The sinter zone covers an area of subcrop boulders of sinter (surface hotspring silica deposit) material, hydrothermal brecciation and epithermal quartz veining. Old workings, epithermal alteration and veining occur over roughly 3 km along a northeast trend. Past sampling in the sinter zone includes 30 surface samples taken in 2022 that averaged 0.2 g/t gold and 2.2 g/t silver including a 30 cm chip sample of a banded vein crosscutting the sinter which returned 1.2 g/t gold and a grab from a silicified breccia which returned 1.5 g/t gold. Recent mapping and prospecting along this trend have identified banded quartz veins and veinlets along strike and to the south of the sinter zone. The scale of the vein system and epithermal alteration is encouraging. The Company has obtained partial assay results from an RC drill program conducted in the area in the early 1990s which indicate some of the holes returned anomalous gold over short intervals which confirms that the epithermal system is gold and silver bearing.

J Duane Poliquin, Chairman, said, “While field work continues to advance our newly acquired portfolio of high-quality porphyry lithocap targets in the western USA, we are excited to be drilling again, this time on a well defined zone of epithermal alteration we interpret to represent the upper part of a large epithermal vein system. As 2024 comes to a close we are pleased to be testing another target in our portfolio with our in house drilling and look forward to continuing this drilling oriented exploration into 2025.”