Lundin re­freshes Al­madex Min­er­als buy

Stockwatch Daily - - MINES & METALS -

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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