Almadex Stakes Pegmatite Dyke Complex with Rare Earth Element Potential in New Mexico, USA

Company Overview - Almadex Minerals Ltd. has acquired the area covering most of the historic Petaca District in northern New Mexico through staking, as part of its regional exploration program focused on copper-gold potential [1] - The company holds a large mineral portfolio consisting of projects and NSR royalties in Canada, the U.S., and Mexico, and has significant experience in porphyry lithocap exploration [6] Exploration Focus - The Petaca District has a history of mica production and contains rare earth element (REE) bearing minerals, which were occasionally recovered as by-products of mica mining [2] - Almadex's exploration program prioritizes porphyry lithocaps and epithermal precious metal systems, although REE projects are not the company's core focus [4][5] Technical Insights - The pegmatites in the Petaca District exhibit various forms and have been noted for their elevated REE concentrations, primarily reflecting the mineral samarskite [2] - A microprobe study confirmed the presence of several minerals, including Samarskite-(Y) and polycrase-(Y), indicating a high level of niobium (Nb) and yttrium (Y) in accessory minerals [3] Future Plans - The company intends to seek a joint venture partner with expertise in REE mineral systems to explore the Petaca District [4][5] - Almadex plans to advance and test its lithocap targets in 2025, leveraging its in-house exploration capacity and drilling units [6]