Almadex To Start Drilling at San Pedro Silver-Gold Project, Mexico
NEWS RELEASE
October 28, 2022
Trading Symbols:
TSX-V: DEX
www.almadexminerals.com
Almadex To Start Drilling at San Pedro Silver-Gold Project, Mexico
VANCOUVER, B.C. Almadex Minerals L td. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to
announce that it has mobilised an exploration team to its wholly owned San Pedro project in Jalisco, Mexico
to commence a follow-up drilling program anticipated to begin in the coming days . The San Pedro project
is accessible from Guadalajara, 115 km along a paved highway, followed by 7km on a maintained dirt road.
The new drilling will target a recently identified structural trend associated with float rock of vein material,
soil anomalies and old min e workings. S urface rock s ampling earlier this year on this trend returned
significant silver and gold values . Channel sampling along the trend included a 6.8 metre interval that
returned 0.02 g/t gold and 137.7 g/t silver and a 4.2 metre interval that returned 3.7 g/t gold and 167.8 g/t
silver. A total of 14 grab and chip samples were taken in this specific zone in 2022, averaging 0.6 g/t gold
and 179.6 g/t silver.
J Duane Poliquin, Chairman of Almadex commented, “ Our project portfolio is the result of years of effort
and invested intellectual capital. We have a track record of discoveries, and we feel the varied and exciting
projects in our portfolio have the potential to add to that record.”
Qualified Persons and Methodology
Jocelyn Pelletier, P .Geo, 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 of Zacatecas, Mexico 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. Silver is first analysed by Inductively Coupled Plasma - Atomic Emission
Spectroscopy (“ICP-AES”). Samples that return values greater than 100 g/t silver by ICP-AES are then re-
analysed by HF-HNO3-HCLO4 digestion with HCL leach and ICP-AES finish. Of these samples those that
return silver values greater than 1,500 g/t are further analysed by fire assay with a gravimetric finish.
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 a number of portable
diamond drill rigs, enabling it to conduct cost effective first pass exploration drilling in house.
On behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin, Chairman
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 rel ating to the
Company include, among other things, the planned drilling activities at the San Pedro property; the Company’s future exploration
activities; and the Company’s ability to advance exploration activities and make discoveries on properties in its portfolio. 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 f inancing, equipment availability,
relationships with third-party clientele and their willingness or ability to continue to use the Company’s drills for exploration, and general
economic, market or business conditions. There can be no assurances that such s tatements will prove accurate and, therefore,
readers are advised to rely on their own evaluation of such uncertainties. The 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/