Almadex Acquires Five New Target Areas in western and southwestern USA
11 Juli 2023 - 10:11PM
Almadex Minerals Ltd. ("Almadex" or the "Company")
(TSX-V: “DEX”) is pleased to announce that it has acquired five
target areas in western and southwestern USA through staking. The
areas were targeted using Almadex’s understanding of metallogenic,
structural and magmatic hydrothermal systems in North America and
follows work commenced in the United States by Almadex’s
predecessor in 2007. This program’s primary focus is porphyry
copper-molybdenum and epithermal gold-silver styles of
mineralization.
Preliminary mapping and sampling of the newly
acquired target areas has commenced. Once preliminary work has been
completed and evaluated, Almadex will announce the results and any
projects defined for further detailed exploration work. Generative
exploration work continues and remains focused on the southwestern
and western US where Almadex has extensive data, experience and a
conceptual geologic targeting methodology and internal models.
Almadex is currently evaluating several other areas for additional
acquisition as this work progresses.
J. Duane Poliquin, Chairman of Almadex stated,
“It is very exciting to focus our generative exploration on the
United States. Our business is to find and define new mineral
resources in North America for stakeholders to develop. Our
approach is to generate new targets through conceptual exploration
and acquire them through staking if possible. We look forward to
reporting results of this work and the project definition work
currently underway on the new acquisitions.”
Almadex has dropped several of its legacy
projects in Mexico including Yago and Lajas where exploration
progress is challenged by numerous impediments to timely progress.
The Company looks forward to further updating shareholders on its
progress in the coming weeks and months as exploration progresses
and results become available and are interpreted.
Qualified PersonsMorgan J
Poliquin, PhD, PEng, the President and CEO of Almadex and a
Qualified Person as defined by National Instrument 43-101, has
reviewed and approved the scientific and technical contents of this
news release.
About Almadex
Almadex Minerals Ltd. is an exploration company
that holds a large mineral portfolio consisting of projects and NSR
royalties in Canada, the U.S., and Mexico. This portfolio is the
direct result of many years of prospecting and deal-making by
Almadex's management team. The Company owns a number of portable
diamond drill rigs, enabling it to conduct cost effective first
pass exploration drilling in house.
On behalf of the Board of Directors,
“J. Duane
Poliquin”
J. Duane Poliquin, ChairmanAlmadex Minerals
Ltd.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release includes forward-looking
statements that are subject to risks and uncertainties. All
statements within it, other than statements of historical fact, are
to be considered forward looking. Forward-looking statements in
this news release relating to the Company include, among other
things, the planned exploration activities at the new target areas
and reporting thereon. Although the Company believes the
expectations expressed in such forward-looking statements are based
on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, permitting, continued availability of
capital and financing, equipment availability, relationships with
third-party clientele and their willingness or ability to continue
to use the Company’s drills for exploration, and general economic,
market or business conditions. There can be no assurances that such
statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. The Company
does not assume any obligation to update any forward-looking
statements, other than as required pursuant to applicable
securities laws.
Contact Information:Almadex Minerals Ltd.Tel.
604.689.7644Email:
info@almadexminerals.com http://www.almadexminerals.com/
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