04:06 PM EST, 12/02/2024 (MT Newswires) -- Almadex Minerals Ltd. ( AAMMF ) , unchanged today and trading near 52 week lows, on Monday afternoon provided an update on its western U.S. exploration activities, having completed a planned drill hole at the north end of the Sinter Zone at its Paradise-Davis Project, Nevada.

In a statement it said drilling conditions were "challenging" as the hole hit an unexpected fault zone. It added this faulting has clearly moved geologic units at the north end of the trend of epithermal veining. Drilling has ceased for 2024 and further work will be planned after all results have been received and interpreted.

Almadex said exploration work continues on the company's portfolio of early-stage copper-gold targets. This includes work on the Pilot copper-gold porphyry target in Nevada where the company has identified porphyry style veining and a soil anomaly defined by elevated gold, copper, molybdenum.

"While generative field work continues as we seek to identify further projects for acquisition, we are advancing our newly acquired portfolio of high-quality porphyry lithocap targets in the western USA," says Chairman J Duane Poliquin. "We plan to use our in house drilling capacity to test targets early as we've done at Paradise-Davis. We look forward to continuing this drilling oriented exploration into 2025."