VANCOUVER, British Columbia, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that drilling has recommenced at the Company’s wholly owned New Hope copper-gold Project in Arizona. The first hole of the program is underway once again after it was initially collared in December of 2025 prior to the Christmas break. This first hole is targeting an area of veining mapped at surface that is coincident with an IP chargeability geophysical an ...

Core Insights - Copper Quest Exploration Inc. has signed an Amended Option Agreement with ArcWest Exploration Inc. for the RIP Copper Project in British Columbia, extending the drilling requirement to December 31, 2026 [1][15] - The 2024 Phase One drilling program has confirmed the presence of a Cu-Mo mineralized porphyry system at the RIP Project, with significant mineralized intersections reported [3][4] Project Overview - The RIP Project is located approximately 33 km northeast of Imperial Metals' Huckleberry mine and is part of the Bulkley Porphyry Belt [1] - The project area has been expanded from 2,308.81 hectares to 4,770.65 hectares through the acquisition of five additional claims [4] Drilling Results - The Phase One drill program revealed extensive Cu-Mo mineralization, with highlights including: - 0.102% CuEq over 126.6 m in drill hole RP24-001 [4][7] - 0.113% CuEq over 114.3 m in drill hole RP24-002 [4][7] - The northern target has been defined as a 600m wide mineralized zone, while the southern target remains untested [3][4] Technical Details - The project is characterized by multiple phases of porphyritic intrusions and associated vein stockwork, indicating a significant porphyry system [5][10] - An airborne magnetic survey in 2024 identified two separate porphyry centers within the project area, enhancing the exploration potential [6] Future Plans - The company plans a minimum 2,000-meter Phase 2 drill program to fulfill the terms of the Option Agreement and secure an initial 60% ownership in the RIP project [15] - The exploration strategy aims to further define the mineralization and assess the potential of the untested southern target [3][4] Industry Context - Global copper demand is increasing due to electrification, electric vehicles, and renewable energy, while supply remains constrained, highlighting the importance of new porphyry discoveries [18]

Core Insights - Quimbaya Gold Inc. has identified a significant Cu-Mo-Au porphyry-style target at its Tahami Center Project in Colombia, confirming mineralization and geological potential [1][6][26] Summary by Sections Project Overview - The Tahami Center Project features a large target area measuring 2.0 km by 1.4 km, exhibiting classic porphyry characteristics confirmed through surface mapping and geochemical anomalies [1][3] - The project is strategically located 2.5 km from the active drilling program at Tahami South and within the same corridor as Aris Mining's Segovia operations [3][6] Mineralization and Geological Features - Active artisanal gold workings within the target area indicate near-surface gold mineralization, supporting the potential of a preserved porphyry system with a vertically zoned epithermal overprint [2][6] - The presence of a preserved lithocap with advanced argillic alteration suggests a high-sulfidation system, which is known for hosting high-grade gold zones [3][6] Technical Highlights - Preliminary geochemical results include rock channels showing 2.10 m at 0.12% Cu, 301 ppm Mo, and 0.10 g/t Au, with stream sediments returning up to 304.5 ppm Cu, 66 ppm Mo, and 0.29 g/t Au [3][11] - A complete porphyry signature has been confirmed, including potassic, quartz-sericitic, and advanced argillic zones, along with a full suite of porphyry veinlets identified across multiple stations [3][12] Contextual Significance - Colombia is recognized for its high-grade epithermal gold veins, particularly in the Segovia belt, while porphyry systems remain underexplored, presenting a unique opportunity for Quimbaya [6][26] - The scale and preservation of the mineralized system at Tahami indicate a rare geological setting with significant exploration potential [6][26]

Core Viewpoint - Goldstorm Metals Corp. has initiated an Induced Polarization (IP) geophysical survey on its 100%-owned Crown Property, located in the Golden Triangle of British Columbia, to identify potential drill targets and enhance geological understanding of the area [1][4][12]. Group 1: Survey Details - The IP geophysical program targets the Copernicus Zone and other geochemical anomalies along the Orion Spine, covering approximately 16,000 hectares [1][4]. - The survey is expected to be completed by the end of August 2025, followed by a Magnetotelluric (MT) study to map lithologies and structures at depth [4][6]. - The IP study will cover a 3.5-kilometer trend of anomalous gold-in-rock geochemistry along the Orion Spine, aiming to outline resistivity/conductivity and magnetic features indicative of larger mineralized targets [6][7]. Group 2: Geological Context - The Crown Property is strategically located adjacent to Seabridge Gold's KSM gold-copper project and Newmont's Brucejack gold mine, suggesting significant geological potential for mineralization [1][12]. - The exploration focuses on known mineralization zones at Copernicus and areas of anomalous gold geochemistry, with the goal of evaluating underlying geology for potential large intrusive-related targets [4][6]. - Field crews have conducted mapping, prospecting, and sampling, completing the first phase of rock channel sampling with 165 samples collected [7][12]. Group 3: Company Overview - Goldstorm Metals Corp. is a precious and base metals exploration company with a significant land position in the Golden Triangle, covering a total of 16,469 hectares across its flagship projects, Crown and Electrum [12]. - The Crown Project is situated directly south of major gold-copper deposits, indicating a favorable location for exploration activities [12].