Almadex Drills into Nevada's Promising Sinter Zone
Thursday, Nov 14, 2024 1:17 pm ET
4min read Almadex Minerals Ltd. (TSX-V: DEX) has kicked off an exciting diamond drilling program at the Sinter Zone of its Paradise-Davis Project in Nevada, as announced on November 14, 2024. The company aims to drill two holes in this area by year-end, focusing on high-level epithermal alteration and veining that hint at a significant hydrothermal system beneath the surface. Let's delve into the potential of this intriguing target and what it means for Almadex's future.
The Sinter Zone is an area of high-level epithermal alteration and veining, characterized by subcrop boulders of sinter material, hydrothermal brecciation, and epithermal quartz veining. Old workings, epithermal alteration, and veining occur over roughly 3 km along a northeast trend, suggesting a large-scale epithermal system. Historical sampling in the area returned promising averages of 0.2 g/t gold and 2.2 g/t silver, with notable high-grade samples like a 30 cm chip sample yielding 1.2 g/t gold. Previous drilling activities from the early 1990s also indicated the presence of anomalous gold values, confirming the system's potential.
Almadex's Chairman, J. Duane Poliquin, expressed enthusiasm about the drilling program, highlighting its significance for exploring a well-defined epithermal alteration zone that could indicate a larger vein system beneath the surface. The company's in-house drilling capabilities enable cost-effective exploration, allowing Almadex to continue focusing on its robust portfolio in 2025.
The exploration work aligns with Almadex's strategy to capitalize on its mineral portfolio in North America. The company has implemented rigorous analytical procedures through ALS Chemex Laboratories to ensure accurate assay results. As Almadex advances its exploration efforts, the market will keenly monitor developments from the Sinter Zone, which holds the promise of uncovering new mineralization opportunities.
In conclusion, Almadex's drilling program at the Sinter Zone, Paradise-Davis Project, Nevada, is an exciting development that could yield significant gold and silver discoveries. The combination of extensive alteration, vein system scale, and historical assay results makes the Sinter Zone an attractive target for exploration. With Almadex's in-house drilling capabilities and commitment to accurate analytical procedures, investors should keep a close eye on this promising project as it unfolds.
The Sinter Zone is an area of high-level epithermal alteration and veining, characterized by subcrop boulders of sinter material, hydrothermal brecciation, and epithermal quartz veining. Old workings, epithermal alteration, and veining occur over roughly 3 km along a northeast trend, suggesting a large-scale epithermal system. Historical sampling in the area returned promising averages of 0.2 g/t gold and 2.2 g/t silver, with notable high-grade samples like a 30 cm chip sample yielding 1.2 g/t gold. Previous drilling activities from the early 1990s also indicated the presence of anomalous gold values, confirming the system's potential.
Almadex's Chairman, J. Duane Poliquin, expressed enthusiasm about the drilling program, highlighting its significance for exploring a well-defined epithermal alteration zone that could indicate a larger vein system beneath the surface. The company's in-house drilling capabilities enable cost-effective exploration, allowing Almadex to continue focusing on its robust portfolio in 2025.
The exploration work aligns with Almadex's strategy to capitalize on its mineral portfolio in North America. The company has implemented rigorous analytical procedures through ALS Chemex Laboratories to ensure accurate assay results. As Almadex advances its exploration efforts, the market will keenly monitor developments from the Sinter Zone, which holds the promise of uncovering new mineralization opportunities.
In conclusion, Almadex's drilling program at the Sinter Zone, Paradise-Davis Project, Nevada, is an exciting development that could yield significant gold and silver discoveries. The combination of extensive alteration, vein system scale, and historical assay results makes the Sinter Zone an attractive target for exploration. With Almadex's in-house drilling capabilities and commitment to accurate analytical procedures, investors should keep a close eye on this promising project as it unfolds.
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