Almadex Provides Review of Spences Bridge Gold Belt Projects in Southern British Columbia

Core Viewpoint - Almadex Minerals Ltd. is highlighting its exploration projects, Nicoamen and Merit, located in the Spences Bridge Gold Belt, which is gaining attention due to recent high-grade gold discoveries in the region [1][2]. Group 1: Spences Bridge Gold Belt Overview - The Spences Bridge Gold Belt is a 110 km northwest-trending area in southern British Columbia, known for its potential for low-sulphidation epithermal gold-silver mineralization [2]. - Approximately CA$55 million has been invested in exploration at the Shovelnose Property, which has led to a robust Preliminary Economic Assessment (PEA) indicating a low-cost, high-margin underground gold mining operation with an estimated mine life of 11.1 years [2]. Group 2: Nicoamen Project Highlights - The Nicoamen Project consists of 9 claims covering 3,332 hectares, located approximately 17 km southeast of Lytton [5]. - Previous exploration included stream sediment, rock, and soil sampling, trenching, and geophysical surveys, with the most recent work conducted by Independence Gold Corp. before early 2022 [6]. - Exploration results indicated gold values of up to 4.46 g/t, with a newly identified vein zone showing consistent grades between 1.05 g/t and 3.91 g/t over a width of 100 meters [6][7]. Group 3: Merit Project Highlights - The Merit Project comprises four mineral claims covering roughly 1,900 hectares, located approximately 22 km west of Merritt [8]. - Previous exploration led to the discovery of multiple zones of alteration and mineralization, with significant results including 7.24 g/t gold over 1.8 meters from a trenching program [8]. - Independence Gold Corp. also conducted work on the Merit Property, with sampling returning assays of up to 9.5 g/t gold and 341 g/t silver [9]. Group 4: Future Development Plans - The company intends to seek a qualified partner to further develop the Nicoamen and Merit projects while focusing on advancing its U.S.-based exploration projects [10]. - Almadex holds three royalties within the Spences Bridge Gold Belt, including a 2% NSR on Westhaven Gold's Prospect Valley and Skoonka projects [10].