Almadex Minerals Provides Comprehensive Exploration Update for 2026 Program
VANCOUVER, British Columbia – Almadex Minerals Ltd., trading under the symbol TSX-V: DEX, has released a detailed progress report on its aggressive 2026 exploration initiatives across the western United States. The company is actively advancing a portfolio of early-stage porphyry and epithermal targets, with significant developments at key projects including New Hope in Arizona and Big Sky in New Mexico.
New Hope Project: Drilling Confirms Large Alteration System
At the New Hope porphyry copper-gold project in Arizona, Almadex has completed the first two holes of its initial drilling program. Assay results from the first hole, designated NH-25-001, have been received, revealing a substantial alteration system. The hole intersected andesite porphyry with moderate to strong phyllic alteration and quartz veining extending to a depth of 384 meters. Within this zone, pyrite content reached an estimated 7%, and anomalous gold was detected in several vein sections.
Although no significant copper mineralization was encountered, the drilling confirms the presence of a large porphyry alteration system, covering an area approximately 2.5 kilometers by 0.75 kilometers. Drone-based magnetic surveys indicate that the current drilling is on the western edge of this alteration zone. A second hole has been completed on the same section, and assays are pending. Further induced polarization geophysical surveys are planned to explore east and northeast of the drill sites for chargeability and resistivity responses.
Big Sky Project: Expanded Sampling Yields Promising Gold Results
In New Mexico, the Big Sky epithermal gold-silver project continues to show promise. Recent rock chip sampling of 87 outcrop samples has returned gold values up to 1.8 grams per tonne, with an average of 0.1 grams per tonne across all samples. This expands upon earlier results from 2025, where 19 of 57 grab samples exceeded 0.1 grams per tonne gold, including four samples over 1 gram per tonne.
The project area features advanced argillic alteration and silicification within rhyolite volcanics and limestone. Soil sampling has also indicated elevated gold and epithermal suite elements near the rock results. Almadex is now planning induced polarization geophysical surveys to help define drill targets, building on the broad area of prospectivity identified through these sampling efforts.
Additional Exploration Activities and Future Plans
Almadex has completed drone-based magnetic surveys at its King, New Hope, and Rattlesnake porphyry copper-gold prospects, with data currently under analysis. An induced polarization survey is set to commence shortly at the Rattlesnake project in Arizona. The company’s regional generative exploration program remains ongoing, focusing on early-stage targets across the western U.S.
J Duane Poliquin, Chairman of Almadex, commented on the progress, stating, "We are conducting a large and aggressive early-stage generative exploration in the western USA. The results from our first drill hole at New Hope confirm a large alteration system, and we look forward to advancing our portfolio with a year focused on generative exploration and target development."
This update underscores Almadex’s commitment to expanding its resource base through systematic exploration and technological applications, positioning the company for potential discoveries in key mineral-rich regions.
