Almadex Samples 0.59% copper and 0.18 g/t gold in Outcrop at Newly-Acquired Porphyry Target in Nevada, USA - Seite 2

J. Duane Poliquin, Chairman of Almadex commented, “Radio is the result of first principals based conceptual exploration. We hope to make more additions to our project portfolio in 2024 and to advance Radio towards a drill decision. Our CAD$17 Million cash position as of Q3 2023 gives us the luxury of advancing these projects in the manner best suited for shareholders. 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.”

Lithocaps are extensive areas of hydrothermally altered rocks that occur above or adjacent to intrusive rocks and related porphyry deposits. The hydrothermal alteration forms when ascending high temperature magmatic fluids are released from the source intrusion below and alter permeable and reactive rocks occurring above and or adjacent. Lithocaps can be over 10 by 10 km in surface area and over 1 km thick. The alteration mineral assemblages vary, usually with distance from the intrusive source. Often more neutral and higher temperature stable alteration mineral assemblages are seen at depth, closer to the source intrusion and potential porphyry deposit. More acid and lower temperature stable assemblages generally occur higher up and farther away. Mapping of alteration minerals and geochemical analysis using soil and rock samples can map these changes in mineralogy. This mapping can then provide a vector towards potential underlying porphyry systems. If large areas of lithocap alteration are well preserved, they can obscure deep unexposed porphyry and other styles of mineralisation. If no mineralisation is present at surface, drilling based on vectors provided by geochemical and alteration vectors is the best way to explore for buried deposits.

Qualified Persons and Technical Details
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. 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”) at ALS in Reno. Copper and molybdenum were analyzed by ALS in North Vancouver 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 NI 43-101 has reviewed and approved all other scientific and technical contents of this news release.