Commencement Of Operations At The Paradise Project

VANCOUVER - Almadex Minerals Ltd. has commenced diamond drilling operations at its porphyry lithocap target on the Paradise Project, Nevada. The program will target both near surface gold potential and deep porphyry potential. Almadex currently plans 3 to 4 holes in this program. The holes were designed to test targets defined by the Company’s past and the more recent work. Previous work carried out by Almadex includes extensive mapping, soils and the drilling of two holes on the northwest portion of the lithocap in 2024. These two holes confirmed the presence of porphyry veining but were interpreted to have intercepted a more distal part of the porphyry system. Recent work reported here includes prospecting and detailed mapping within the lithocap alteration zone along with drone based (UAV) magnetics and ground IP surveys. The porphyry lithocap has potential for three styles of mineralisation; high sulphidation gold hosted in quartz-alunite alteration, porphyry related mineralisation underlying and adjacent to the high sulphidation system, and gold-silver in epithermal veins that crosscut both.

J Duane Poliquin, Chairman, said, “Our work has defined a vector towards a potential core of this large alteration system and it is very exciting to now be drill testing this model in this 2025 drill program.”