Almadex Provides Exploration Update on its Confusion Hills and Red Ring Gold Projects, Nevada, Surface Sampling returns 7.1 g/t Gold

Core Insights - Almadex Minerals Ltd. has announced positive results from surface exploration at its Confusion Hills and Red Ring projects, which are focused on gold-silver early-stage exploration targets near Tonopah, Nevada [2][5] Confusion Hills Project - The Confusion Hills project has identified a high sulphidation/porphyry lithocap over an area of 1.6 km x 0.5 km, with preliminary rock sampling showing 6 samples returning over 0.1 g/t gold, including 3 samples exceeding 0.5 g/t gold, with a maximum of 7.1 g/t gold [3] - A two-line test IP geophysical survey revealed a high chargeability feature interpreted to indicate sulphide development beneath the quartz alunite alteration area, which correlates with high gold values in surface grab samples [3] - The company holds a drill permit and plans to initiate first-pass drilling in 2025 [3] Red Ring Project - The Red Ring project has identified a large alteration zone interpreted as a porphyry lithocap extending 2.8 km NW-SE and at least 1 km NE-SW, with a strong surface pyrophyllite footprint of 1 km by 0.5 km [4] - Preliminary rock sampling returned high values of pathfinder trace elements associated with lithocap alteration, and soil sampling indicated areas of anomalous trace elements suggestive of a high sulphidation environment [4] - Further geological fieldwork, mapping, and sampling are planned for 2025 to better define the alteration zone [4] Company Overview - Almadex Minerals Ltd. is an exploration company with a diverse mineral portfolio in Canada, the U.S., and Mexico, supported by in-house exploration capabilities and a team experienced in porphyry lithocap exploration [8] - The company has the resources to conduct cost-effective first-pass exploration drilling and aims to advance its projects, including Confusion Hills and Red Ring, in 2025 [8]