Categories: Base Metals / General Market Commentary / Precious Metals
Topics: General Base Metals / General Market Commentary / General Precious Metals

Almadex Reports Second Gold-Rich Porphyry Interval From Hole EC-16-010 at Norte Target, El Cobre Project, Mexico

This morning Almadex Minerals (TSX VENTURE: AMZ) (OTCQB: AXDDF) released further assyas from the diamond drill hole EC-16-010 on the Norte Zone of its 100% owned El Cobre porphyry copper-gold project located in Veracruz, Mexico.

The new assays showed another 150.90 Meters of 0.55 G/T Gold and 0.22% Copper Including 62.00 Meters of 0.86 G/T Gold and 0.33% Copper from 317 meters to 542.7 meters.

This follows the August 8th release which reported 163.50 Meters of 0.68 g/t Gold and 0.29% Copper Including 43.00 Meters of 1.61 g/t Gold and 0.41% Copper to 317.00 Meters.

That alone would make for a heck of a hole, but the release outlined that "Porphyry style alteration continues to the end of the hole, currently at ~890 meters depth and advancing."

There are four porphyry centers on the property, all which have shown significant gold-copper potential. Drilling is ongoing at multiple targets. This is a drill program that should be on everyone's radar.

Click the link for this morning's news release http://www.marketwired.com/press-release/almadex-reports-second-gold-rich-porphyry-interval-from-hole-ec-16-010-norte-target-tsx-venture-amz-2151409.htm