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Almadex Announces Plans to Drill New Hope Porphyry Project, Arizona and Provides Paradise Drill Program Update
Globenewswire· 2025-11-07 12:30
Core Viewpoint - Almadex Minerals Ltd. is advancing its exploration efforts in the western USA, focusing on porphyry copper-gold and epithermal gold-silver mineralization, with recent updates on its Paradise Project in Nevada and plans for the New Hope project in Arizona [1][2][4]. Paradise Project Update - The Paradise drill program included four holes designed to explore a 4.5 by 1.8 km porphyry lithocap alteration zone, with the third hole intersecting significant gold mineralization, including 1.60 meters at 0.48 g/t gold [3][6]. - Drilling was paused after the fourth hole was lost due to challenging conditions before reaching the target depth, and the company plans to review results and conduct a petrographic survey before future drilling [3][4]. New Hope Project Plans - Almadex intends to shift its exploration efforts to the New Hope porphyry copper-gold project in Arizona, with permitted drill holes ready to test identified mineralization zones [1][2]. - The company aims to conduct a first pass drill program at New Hope before the end of 2025, contingent on logistical considerations [1][2]. Exploration Strategy - The company is systematically testing its early-stage portfolio through scout drilling, focusing on areas with defined and permitted drill targets [1][4]. - Almadex's exploration strategy emphasizes identifying large porphyry deposits concealed beneath alteration zones, utilizing proprietary tools for target acquisition [4][5]. Geological Context - Lithocaps are hydrothermally altered rock areas that can indicate the presence of underlying porphyry deposits, with extensive mapping and geochemical analysis being crucial for exploration [5][6]. - The Paradise property features intense hydrothermal alteration typical of high-sulphidation environments, which is indicative of potential porphyry copper-gold systems [6].