almadex_el cobre_ver_drilling update_feb 2018
VANCOUVER, B.C. Almadex Minerals Limited (“Almadex” or the “Company”) (TSX-V: AMZ; OTCQX: AXDDF) is pleased to announce it has received the final assay results from the final 2017 drill holes EC-17-043 (Raya Tembrillo) and 044 (El Porvenir). The Raya Tembrillo area is the very northern part of the large Villa Rica Zone of the El Cobre property and is located approximately two kilometers south of the Norte Zone where most of the previous drilling since 2016 on the El Cobre property has been carried out. The Porvenir Zone is located roughly 3 km to the southeast of the Norte Zone and 1.8 km southeast of the Raya Tembrillo area of the Villa Rica Zone. Highlights from these holes include the following intercepts all of which are also shown on the attached plan and sections:
| Hole EC-17-043 VILLA RICA ZONE, 240 Az, -50 dip | |||
| From 2.43 to 22.50, 20.07 meters @ 0.31 g/t gold and 0.03% copper | GOLD ZONE | ||
| From 34.50 to 154.00, 120.00 meters @ 0.08 g/t gold and 0.37% copper | ENRICHED ZONE | ||
| Including 34.50 to 92.50, 58.00 meters @ 0.15 g/t gold and 0.64% copper | ENRICHED ZONE | ||
| Including 50.50 to 88.50, 38.00 meters @ 0.16 g/t gold and 0.93% copper | ENRICHED ZONE | ||
| Hole EC-17-044 PORVENIR ZONE, 210 Az, -45 dip | |||
| From 118.50 to 183.00, 64.50 meters @ 0.37 g/t gold and 0.21% copper | HYPOGENE PORPHYRY | ||
| Including 140.50 to 180.75 m, 40.25 meters @ 0.50 g/t gold and 0.25% copper | HYPOGENE PORPHYRY | ||
| From 291.00 to 317.00, 26.00 meters @ 0.85 g/t gold and 0.27% copper | HYPOGENE PORPHYRY | ||
J. Duane Poliquin, Chairman of Almadex commented, “We are very excited to report these final assays from the very successful 2017 drill program. In 2017 we stepped out roughly 2 kilometers to the south of the Norte Zone and hit significant mineralisation in first pass drilling in the northern part of the large Villa Rica Zone. We believe that the results from Raya Tembrillo are proof of large scale porphyry potential in this part of the project. The drill results from 2016 and 2017 clearly show that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. We are currently defining a large 2018 drill program and look forward to reporting that shortly.”