10:06 AM EST, 11/07/2025 (MT Newswires) -- Almadex Minerals ( AAMMF ) on Friday said that its scout drilling program at the Paradise project, Nevada, has been paused after losing the fourth hole due to poor drilling conditions before the target depth.

The company plans to move its exploration rig and team to its New Hope porphyry copper-gold project in Arizona where it has permitted drill holes to test a zone of porphyry related veining mapped at surface and a nearby IP chargeability anomaly. It said it "hopes" to conduct a first pass drill program at New Hope, "possibly before year end depending on certain logistical matters."

"We are carrying out our plan to drill test our portfolio of newly assembled projects in the western USA," said Almadex Chairman J Duane Poliquin. "These first pass drill programs are designed to best target mineralisation, but the results will be used to vector for a potential stage II program."

The company has also received approval for a potential fifth drill site which would target both high magnetics and chargeability at depth. Its current plan for the Paradise project is to review all information and receive the results of the petrographic survey prior to deciding how to conduct a potential follow up round of drilling in 2026.

Shares of the company were last seen unchanged at $0.45 on the TSX Venture Exchange.