Almadex Provides Update on Three Epithermal Gold-Silver Prospects in Nevada, USA

VANCOUVER, British Columbia, April 16, 2024 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that, since its press release of December 14, 2023, it has acquired by staking four additional prospects, bringing the total of new prospects staked since early 2023 to fourteen. As noted in our press release of April 8^th, 2024, one of these prospects – New Hope in Arizona – has been advanced to the “project” stage and the Company is moving towards a first phase drill program in 2024.

Today’s press release provides an update regarding recent mapping and sampling at three of our new prospects, all of which are located in central Nevada, USA and are prospective for epithermal gold-silver deposits. The Company is planning initial work programs designed to rapidly provide the exploration dataset to evaluate whether these targets merit drilling in the summer field season of 2024. The three prospects have only had preliminary exploration mapping and sampling performed on them to date.

Confusion Hills
The Confusion Hills Prospect is comprised of 237 lode claims that cover a large hydrothermal alteration zone developed in volcanic rocks. Two styles of alteration were identified in the preliminary geologic mapping that has been undertaken. Argillic alteration is found widespread in volcanic rocks and breccias along with local silicification. In one area, high temperature pyrophyllite and kaolinite were detected which is indicative of a possible porphyry lithocap environment. 14 grab samples of outcrop have been taken to date in the area of silicic and argillic alteration. Results ranged from below detection to 0.182 g/t gold. Significant trace element epithermal pathfinder results were also returned. Detailed prospecting, mapping and sampling is planned for the spring of 2024.

County Line
The County Line Prospect is comprised of 191 lode claims. Preliminary mapping has identified two styles of alteration. A small area (200 metres by 150 metres) of high-sulphidation style alteration where hypogene kaolinite, pyrophyllite, dickite and K-alunite occur at the south end of a broader area of silicification, chalcedonic veining and coxcomb veining, which is representative of a low or intermediate sulphidation environment. Subsequent to staking this area, Almadex received information on limited previous exploration work mainly in the southern portion of County Line, including drilling (three drill holes), with no significant results that have been reported to date, however, details on these exploration campaigns and their reach are unclear. Preliminary rock sampling results on the prospect have returned gold values ranging from below detection to 0.116 g/t. The significant values were returned from the southern high sulphidation alteration zone. Detailed mapping, sampling and prospecting is planned for the spring of 2024 to focus on the zones of veining to the northeast of the area of past work.