03:23 PM EDT, 09/09/2024 (MT Newswires) -- Almadex Minerals Ltd. ( AAMMF ) was at last look down more than 7% at 52 week lows on Monday as it provided 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.

On its Paradise drilling program, Almadex said it has completed a two hole exploratory diamond drilling program on the 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.

On its regional exploration program, the company said it 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 added it 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.

DEX was at last look down 7.3% at $0.19.

Price: 0.19, Change: -0.02, Percent Change: -7.32