Almadex Provides Update on Three Epithermal Gold-Silver Prospects in Nevada, USA - Seite 2

Silverton South Hydrothermal Cell
This prospect is comprised of 50 lode claims which cover an approximately 4 by 2 km area of intense clay alteration with local replacement silicification. A portion of the alteration zone has been mapped using a Terraspec Field spectrometer. In this 1.5 by 0.9 km area, high temperature kaolinite was mapped. Based on the minerals identified, this alteration zone is currently interpreted to represent a steam heated cap to a possible low sulphidation vein system concealed beneath. The new Nevada lexicon for describing steam heated zones is hydrothermal cell. The Silverton South area likely represents such a cell. While no gold results above detection have been returned, the preliminary grab samples of altered rocks taken to date have returned anomalous epithermal pathfinder elements typical of the interpreted level of erosion. Detailed prospecting, mapping and sampling is planned for the spring of 2024 to help define a vector for possible future drilling.

J Duane Poliquin, Chairman of Almadex commented, “These prospects are excellent new additions to the early stage portion of our exploration portfolio. Our job is now to advance these and other prospects through mapping, geochemistry and other means to see if they merit further work, including drilling. Their acquisition is the result of first principals based conceptual and regional exploration – because that’s where discovery starts. We have a track record of discoveries, and we feel the varied and exciting projects in our portfolio have the potential to add to that record.”

Qualified Persons
Alfonso Rodriguez, M.Sc., P.Geo. (BC), Senior Geologist of APEX Geoscience Ltd. and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed, and approved the scientific and technical contents of this news release relating to rock geochemical sampling at the Confusion Hills and County Line Projects. The analyses reported were carried out by ALS Chemex Laboratories (“ALS”) using industry standard analytical techniques. For gold, samples were analysed by fire assay and atomic absorption spectroscopy (“AAS”). All other elements were analyzed by 4-acid digestion with either an Inductively Coupled Plasma - Atomic Emission Spectroscopy (“ICP-AES”) or Inductively Coupled Plasma – Mass Spectrometry (“ICP-MS”) finish. Morgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed, and approved all other scientific and technical contents of this news release.