Almadex drills 151 m of 0.8 g/t Au, 0.3% Cu at El Cobre
ALMADEX MINERALS Ltd. has received assay results from hole EC-17-033 of the 2017 Norte drilling program. EC-17-033 was drilled to test for the continuity of mineralization within the area of defined mineralization, between previous holes EC-17-017 and 026, and helps define and confirm mineralization in this area. Highlights include the following intercepts:
• Hole EC-17-033: Norte zone, 315 azimuth, minus 70 dip;
• From 240.00 to 513.50, 273.50 metres of 0.59 gram per tonne gold and 0.21 per cent copper (0.88 g/t gold equivalent; 0.64 per cent copper equvialent):
• Including 244.00 to 450.70, 206.70 metres of 0.74 g/t gold and 0.26 per cent copper (1.10 g/t AuEq; 0.80 per cent CuEq);
• 246.00 to 397.00, 151.00 metres of 0.88 g/t gold and 0.30 per cent copper (1.30 g/t AuEq; 0.95 per cent CuEq).
J. Duane Poliquin, chairman of Almadex, commented: “We are pleased to once again demonstrate continuity in this part of the defined mineralized envelope. The Norte zone is one of several defined porphyry targets on the property which we plan to aggressively explore and, in the case of Norte, drill in detail with the goal of defining a resource.”
Almadex also announces that, pursuant to its stock option plan, it has granted stock options to a director of the company to purchase 300,000 common shares in the capital of the company at an exercise price of $1.04 per share, which expire on April 30, 2020.
We seek Safe Harbor.
Erika Flores condensed this news release (email@example.com).
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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