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Almadex Commences Diamond Drilling at its Paradise Project, Nevada
Globenewswireยท 2025-06-17 19:17
Core Insights - Almadex Minerals Ltd. has initiated diamond drilling operations at its Paradise Project in Nevada, focusing on both near-surface gold and deep porphyry potential, with plans for 3 to 4 drill holes [1] - The company has previously conducted extensive mapping and drilling, confirming the presence of porphyry veining in 2024, and has recently employed advanced techniques such as drone-based magnetics and ground IP surveys to further explore the lithocap alteration zone [1][2] - The Paradise property encompasses 1,547 hectares of hydrothermally altered volcanic rocks, indicating potential for high-sulphidation gold and porphyry-related mineralization [3] Company Overview - Almadex Minerals Ltd. is an exploration company with a diverse mineral portfolio across Canada, the U.S., and Mexico, resulting from years of prospecting and strategic deal-making [7] - The company possesses portable diamond drill rigs, allowing for cost-effective in-house exploration drilling [7] Technical Details - The drilling program is based on previous geological work, including mapping and geochemical analysis, which helps in identifying potential underlying porphyry systems [2][3] - The geophysical surveys conducted include IP lines surveyed by an experienced in-house team and a magnetics survey performed by a third-party contractor, utilizing advanced equipment for data collection [5]