Large IP Geophysical Anomaly At The New Hope Copper Porphyry Project

VANCOUVER - Almadex Minerals Ltd. reported on recent exploration results from the New Hope copper porphyry project in Arizona. A focussed one line IP chargeability and resistivity survey was recently carried out. The line was surveyed using the Company’s highly experienced in house team and equipment, a 5 kW GDD transmitter and Iris Elrec-6 receivers using a 100 m dipole in a pole-dipole array on 8 levels. Pseudo sections were prepared and the data was inverted using RES2DINV software. The line was surveyed across the approximately 600 metre diameter area where sheeted quartz +/- magnetite veining was previously mapped. This veining has been interpreted to represent the upper portion of a shallowly emplaced and highly preserved porphyry copper system. The results of the geophysical survey outlined an anomaly over 1 kilometre wide defined by elevated chargeability, and coincident with the area of outcropping veins. Almadex is very encouraged by these results which provide further focus for a potential future first pass drilling program to test for a copper porphyry at depth. Almadex has an approved drill permit to conduct first pass drilling on the project. Compiled geophysical, geochemical and geological results will be posted to Almadex’s website. Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no guarantee of a mineral discovery.

J. Duane Poliquin, Chairman, said, “Project level exploration continues to advance our newly acquired portfolio of high-quality porphyry lithocap targets in the western USA. It is exciting to define a strong geophysical target at New Hope in the same area where mapping at surface has outlined an area of high level porphyry veining. We look forward to further advancing the New Hope project in 2025.”