Third Hole Drilling Commences At Paradise Exploration Target

VANCOUVER – Almadex Minerals Ltd. reported on the drilling of a third hole at the Paradise porphyry lithocap exploration target which has commenced and a fourth hole is planned for this 2025 vectoring drill campaign. All four holes in this 2025 program were planned in different parts of this large (currently mapped at 4.5 by 1.8 km) alteration zone. The program has been designed to test different parts of the lithocap where high temperature alteration, high chargeability and magnetic features have been mapped in previous geophysical, geochemical and geological programs conducted by the company. Assays from the first hole in the program have now been received. While there are no significant intervals to report from this hole which hit largely distal propylitic alteration, with some intervals of overprinting phyllic alteration, it provides important information for the vectoring efforts in the Paradise lithocap. When complete results are received and interpreted, the Company will provide an update.
The Company has ongoing project level field work programs underway. IP geophysical survey work has recently been completed at the Company’s Pilot, Confusion Hills and Red Ring projects. A single test line designed to enhance targeting was completed on each project. All three lines returned chargeability anomalies that help refine the targets already identified. Surface geochemical sampling and mapping at the Bald Valley, White Plains and Red Antler projects are being compiled but anomalous trace elements have been returned from the three projects. The results to date highlight high sulphidation style alteration interpreted to be related to a porphyry lithocap setting at Bald Valley and White Plains while a low sulphidation epithermal vein system has been identified at Red Antler. Further work is underway at Bald Valley, with near term programs planned for White Plains and Red Antler which include IP geophysical test lines allowing for preliminary first pass drill plans to be drawn up for permitting.
J Duane Poliquin, Chairman, said, “We look forward to receiving all results from this Paradise vectoring drill program. In the meantime, we continue to advance our other projects towards first pass drilling programs in the coming months.”