Lundin refreshes Almadex Minerals buy
BRIEN LUNDIN, in the July, 2017, edition of the Gold Newsletter, refreshes his buy of Almadex Minerals Ltd., recently 97 cents. Mr. Lundin previously said buy in September, 2016, at 75 cents and in March, 2017, at $1.38. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,995. Mr. Lundin continues to be impressed with the drill results arriving from Almadex’s El Cobre copper-gold project in Mexico. Recent highlights include 153.5 metres of 0.68 gram per tonne gold and 0.27 per cent copper, 167 metres of 0.27 g/t gold and 0.12 per cent copper, and 255.64 metres of 0.26 g/t gold and 0.17 per cent copper. These results suggest that the large porphyry system on El Cobre’s Norte zone remains open for expansion. Elsewhere on the project, in the Encinal zone, Almadex recently found a new area of exposed veining and gold mineralization. It is calling this area the Raya Tembrillo zone and plans to start a drill program there later this year. Mr. Lundin concludes that Almadex is a “safe bet” on mineral exploration. The stock remains a buy at current levels.
Mark Thomas Francis Brown, John Daniel McCleary, Douglas J McDonald, James Duane Poliquin, Morgan James Poliquin, Lawrence Segerstrom, Korm Trieu, William Joseph Worrall
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