Almadex Provides Update on its Western USA Exploration Program

VANCOUVER, British Columbia, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to provide an update on its ongoing exploration programs in the western USA as well as its recently completed diamond drilling program at its Paradise Project, Nevada.

Paradise Drilling Program
Almadex has completed a two hole exploratory diamond drilling program on its Paradise Project in Nye County Nevada. Samples have been submitted for analysis and when results have been received and compiled, they will be released. In general, the drilling confirmed the large scale of the porphyry lithocap alteration at Paradise. It is anticipated that a review of the core, along with assay results once received, will provide direction for a possible phase two drilling campaign.

Regional Exploration Program, Western USA
Further to Almadex’s press release of June 17^th, 2024, the Company has been advancing its Western U.S. exploration portfolio. The prospects in the portfolio were acquired by staking and hold potential for either epithermal gold-silver mineralisation, porphyry copper-gold mineralisation or both. Almadex has conducted a considerable amount of field work over the last several months on several of the prospects and has received soil and mapping results from the CH, RR, PilotKT and New Hope prospects and updated mapping from the Radio prospect. These properties cover large areas of hydrothermal alteration typical of porphyry lithocaps and further exploration is planned for the coming months as described below.

CH, Nevada
The CH Prospect covers a large hydrothermal alteration zone developed in volcanic rocks. Further to the preliminary exploration results described in Almadex’s news release of April 16^th, 2024, the ongoing mapping at the CH prospect has defined a porphyry lithocap over an area of 1.6 km x 0.5 km. The lithocap displays complex alteration with central zones of vuggy quartz with alunite and massive pyrophyllite zones. Soil sample results have recently been received and indicate an association of Au with the central zone of alteration with a Mo anomaly on one edge. Further mapping and rock chip sampling is planned as the alteration remains open.