Epithermal gold - silver mineralisation
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Almadex Provides Paradise Drilling Update and Discusses Davis High Grade Gold and Silver Targets
Globenewswireยท 2025-09-26 11:30
Core Viewpoint - Almadex Minerals Ltd. is actively exploring its Davis and Paradise Projects in Nevada, focusing on porphyry copper-gold and epithermal gold-silver mineralization, with recent drilling activities indicating promising results in mineralization and potential for further discoveries [1][2][3]. Exploration Activities - The company has consolidated the Davis-Paradise Valley area, now comprising 358 claims over approximately 2,800 hectares, located near Gabbs, Nevada [1]. - Almadex has a portfolio of exploration projects in the western USA, targeting advanced argillic alteration zones to identify potential porphyry systems [2]. - The company is conducting systematic vector drilling programs across its projects, with a focus on early-stage geological information and prioritizing its property portfolio [2]. Paradise Drilling Activities - Almadex has completed three drill holes at the Paradise project and plans to commence a fourth, targeting a 4.5 by 1.8 km alteration zone [3]. - Assays from the second hole revealed significant mineralization, including 0.37 g/t gold and multiple intervals of silver with high base metal content [3]. Davis Project High Grade Gold-Silver Targets - The Davis project has identified two styles of veining associated with high-grade gold and silver mineralization, with historic data highlighting areas for immediate follow-up [4]. - Recent drilling in 2022 yielded results such as 0.80 meters of 17.1 g/t gold and 10.3 g/t silver, indicating the potential for high-grade mineralization [4]. Additional Findings - The Peppercorn showing and Twin Shaft showing have returned notable chip and grab sample results, indicating the multi-target nature of the Davis project [5]. - The Paradise property features a well-preserved porphyry lithocap with extensive hydrothermal alteration, suggesting a favorable environment for mineralization [10]. Future Plans - The company is contemplating next steps for the Davis project and may seek a partner to advance exploration efforts [6].