Almadex Commences Diamond Drilling at its Paradise Project, Nevada
NEWS RELEASE
June 17, 2025
Trading Symbols: TSX-V: DEX
www.almadexminerals.com
Almadex Commences Diamond Drilling at its Paradise Project, Nevada
VANCOUVER, B.C. Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to
announce that it 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 described in its news release of May 14, 2025. 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 p art of the porphyry system (see Almadex news release of
October 8 th, 2024). 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 of Almadex commented, “ 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.”
About Lithocap Alteration Zones and the Paradise Lithocap
Lithocaps are extensive areas of hydrothermally altered rocks that occur above or adjacent to intrusive
rocks and related porphyry deposits. The hydrothermal alteration forms when ascending high temperature
magmatic fluids are released from the source intrusion bel ow and alter permeable and reactive rocks
occurring above. Lithocaps can be over 10 by 10 km in surface area and over 1 km thick. The alteration
mineral assemblages vary, usually with distance from the intrusive source. Often more neutral and higher
temperature stable alteration mineral assemblages are seen at depth, closer to the source intrusion and
potential porphyry deposit. More acidic and lower temperature stable assemblages generally occur higher
and farther away. Mapping of alteration minerals and geochemical analysis using soil and rock samples
can map these changes in mineralogy. This mapping can then provide a vector towards potential underlying
porphyry systems. If large areas of lithocap alteration are well preserved, they can obscure deep unexposed
porphyries and other styles of mineralisation. If no mineralisation is present at surface, drilling based on
geochemical and alteration vectors aided by geophysical data is the best way to explore for buried deposits.
The wholly owned 1,547 hectare Paradise property covers a roughly 4.5 by 1.8 kilometre area of exposed
intense hydrothermal alteration developed in volcanic rocks. This alteration zone which includes quartz -
alunite, pyrophyllite and diaspore is typical of high -sulphidation environments forming above porp hyry
copper-gold systems. The alteration has been mapped by Almadex using a Terraspec infrared
spectrometer. This work, using rock chip spectral data points has defined a well preserved porphyry lithocap
with alunite core zones (with increasing Na -composition) haloed by pyrophyllite, dickite then hypogene
kaolinite. Surrounding the acid sulphate zones are halos of sporadic paragonitic illite (grading to dominant
muscovitic alteration) with chlorite in peripheral alteration halos (propylitic).
Qualified Persons and Technical Details
Morgan J Poliquin, PhD, PEng, the President and CEO of Almadex and a Qualified Person as defined by
National Instrument 43-101 ("NI 43-101"), has reviewed and approved the scientific and technical contents
of this news release. The analyses reported were carried out at ALS Chemex Laboratories using industry
standard analytical techniques. For gold, samples are first analysed by fire assay and atomic absorption
spectroscopy (“AAS”). Samples that return values greater than 10 g/t gold using this technique are then re
analysed by fire assay but with a gravimetric finish.
The IP lines were surveyed using the Company’s highly experienced in -house team and equipment (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 magnetics survey was
conducted by a third-party contractor using a Geometrics MagArrow Cesium Magnetometer flown under a
ArcSky X55 quadcopter. The MagArrow sensor takes 1000 readings per second and is flown at a maximum
speed of 8m/second. The sensor is suspended on a 3m lanyard to remove it from the electromagnetic noise
of the UAV. Data is down sampled after collection to 10Hz. The MagArrow readings are diurnally corrected
via a geometrics G-862RBS Magnetometer, cycling at 10Hz.
Geophysical surveys are not definitive, and the results are still at an early stage of interpretation, with no
guarantee of a mineral discovery.
About Almadex
Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects
and NSR royalties in Canada, the U.S., and Mexico. This portfolio is the direct result of many years of
prospecting and deal -making by Almadex's management team. The Company owns several portable
diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house.
On behalf of the Board of Directors,
“Morgan J. Poliquin”
Morgan J. Poliquin, PhD, PEng
President and CEO
Almadex Minerals Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than
statements of historical fact, are to be considered forward looking. Forward -looking statements in this news release include, among
other things, any further work to advance exploration targets at the Paradise project, including any drilling . Although the Company
believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are
not guarantees of future performance and actual results or developments may differ materially from those in forward -looking
statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices,
exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability and general
economic, market or business conditions. The foregoing list of assumptions is not exhaustive. There can be no assurances that
forward-looking statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such
uncertainties. Th e Company does not assume any obligation to update any forward -looking statements, other than as required
pursuant to applicable securities laws.
Contact Information:
Almadex Minerals Ltd.
Tel. 604.689.7644
Email: [email protected]
http://www.almadexminerals.com/