Epithermal Vein System
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Almadex Acquires Red Antler Silver-Gold Epithermal Vein Project by Staking, Surface Sampling returns 24 g/t Silver
GlobeNewswire News Room· 2025-08-05 21:12
Core Insights - Almadex Minerals Ltd. has acquired a 100% interest in the Red Antler early-stage exploration project located in western Utah as part of its regional exploration program in the western USA [1][2] - The Red Antler property features rhyolitic volcanics with quartz-alunite-kaolinite alteration and quartz veining, indicating a high level of preservation of the epithermal system [2] - Preliminary sampling results from the project are promising, with 12 out of 34 grab samples returning over 1 g/t silver, with a maximum of 24 g/t silver and an average of 1.4 g/t silver [2] - The company plans to advance the Red Antler project and continue its exploration efforts throughout 2025 [2][7] Company Overview - Almadex Minerals Ltd. is an exploration company with a diverse mineral portfolio in Canada, the U.S., and Mexico, resulting from extensive prospecting and deal-making by its management team [6] - The company possesses portable diamond drill rigs, allowing for cost-effective in-house exploration drilling [6] - Almadex has significant experience in porphyry lithocap exploration and has made three discoveries of mineral deposits under advanced argillic alteration [6][7] Technical Details - The analyses of rock samples were conducted at ALS Chemex Laboratories using standard analytical techniques, including fire assay and atomic absorption spectroscopy for gold, and ICP-AES for silver [5] - The company has conducted a stage two mapping and sampling program to further understand the geometry and geochemistry of the veins at the Red Antler project [2]