Announcement Date: 2022-12-06
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Almadex Minerals Ltd.
Project name: San Pedro
Location: Mexico
Commodities: Gold,Silver
Highlight: Drilling results incl. 4.51m at 656.80g/t Ag, 0.03g/t Au, 5.49-10
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VANCOUVER, B.C. Almadex Minerals Ltd. (“Almadex” or the “Company”) (TSX-V: “DEX”) is pleased to announce that it has intersected significant silver mineralisation in the first hole (SP-22-003) drilled in 2022 on its wholly owned San Pedro Project located in Jalisco, Mexico (Figure 1). This hole intersected long intervals of brecciated rock from the collar. The mineralised zone was encountered close to surface, in the vicinity of historic mine workings at surface. The mineralised breccia units locally contain silicified fragments, found in a sericitic alteration. Base metal sulphides including galena and sphalerite occur in the matrix and in fragments of the breccia. Highlights of this intersection shown on the attached plan and section (Figures 2 and 3) are: From 5.49m to 10.00m (4.51m) of 656.8 g/t Silver and 0.03 g/t Gold Includes from 8.00m to 10.00m (2.00m) of 1090.0 g/t Silver and 0.07 g/t Gold J Duane Poliquin, Chairman of Almadex commented, “Our projects portfolio is the result of years of effort and invested intellectual capital. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record. We are following up these exciting results with further drilling which we look forward to reporting on.”
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