Al­madex drills 151 m of 0.8 g/t Au, 0.3% Cu at El Co­bre

Stockwatch Daily - - MINES & METALS - Mr. Mor­gan Poliquin re­ports

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 (erikaf@stock­

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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