Almadex Confirms Gold-Rich Porphyry System at Norte Target, El Cobre Project, Mexico, Hits 218.00 Meters of 0.70 g/t Gold and 0.28% Copper Including 80.50 Meters of 1.34 g/t Gold and 0.46% Copper

http://www.marketwired.com/press-release/almadex-confirms-gold-rich-porphyry-system-norte-target-el-cobre-project-mexico-hits-2169267.htm

VANCOUVER, BC–(Marketwired – October 24, 2016) – Almadex Minerals Limited (“Almadex” or the “Company”) (TSX VENTURE: AMZ) (OTCQB: AXDDF) is pleased to announce that it has completed the second diamond drill hole on the Norte Zone (EC-16-012) at its 100% owned El Cobre porphyry copper-gold project located in Veracruz, Mexico. Hole (EC-16-012) was collared from the same pad as EC-16-010 and drilled at the same azimuth (180 degrees), but at a steeper angle (-65 degrees). Significant porphyry style alteration and mineralisation begins from the collar in EC-16-012 and includes the following copper-gold intersections:

Hole EC-16-012 NORTE ZONE, 180 Az, -65 dip

  • From 9.14 to 19.00, 9.86 meters @ 0.24 g/t gold and 0.16% copper
  • From 117.80 to 145.30, 27.50 meters @ 0.12 g/t gold and 0.19% copper
  • From 162.50 to 595.00 meters, 432.50 meters @ 0.42 g/t gold and 0.17% copper
    • Including 183.00 to 401.00, 218.00 meters @ 0.70 g/t gold and 0.28% copper
    • Including 183.00 to 339.00, 156.00 meters @ 0.90 g/t gold and 0.34% copper
    • Including 216.00 to 296.50, 80.50 meters @ 1.34 g/t gold and 0.46% copper
    • Including 261.00 to 296.50, 35.50 meters @ 1.82 g/t gold and 0.59% copper

Leave a Reply