Almadex Acquires Gold Exploration Projects in Western USA
Deal News | Apr 09, 2025 | Globenewswire
Almadex Minerals Ltd., a company renowned for its exploration endeavors, has announced the acquisition of three new gold-silver projects located in Nevada and New Mexico through staking. These projects, namely Big Sky in New Mexico and Bald Valley and White Plains in Nevada, present exciting preliminary results indicating substantial exploration potential. At Big Sky, 57 grab samples indicated gold levels reaching up to 3.5 g/t, encouraging further sampling and exploration efforts. While initial sampling from Bald Valley and White Plains projects returned no significant assays, their promising alteration mineralogy suggests potential concealed high-sulphidation and porphyry mineralization. Almadex is committed to the advancement of these prospects, supporting their thesis through extensive in-house capabilities such as portable diamond drill rigs. The meticulous exploration process, including geological work and geophysical surveys, continues to underscore Almadex's ambition to uncover significant mineral deposits in the region.
Sectors
- Mining & Exploration
- Natural Resources
Geography
- United States – The newly acquired gold exploration projects by Almadex are located in Nevada and New Mexico, USA.
- Canada – Almadex Minerals Ltd., the company executing these projects, is based in Vancouver, British Columbia, Canada.
Industry
- Mining & Exploration – Almadex Minerals Ltd. is engaged in the exploration and development of mineral properties, particularly focusing on gold and silver in the recently announced projects.
- Natural Resources – The acquisition and exploration activities in Nevada and New Mexico involve natural resource extraction, which is a key focus of this industry.
Financials
Participants
Name | Role | Type | Description |
---|---|---|---|
Almadex Minerals Ltd. | Acquiring Company | Company | A Vancouver-based exploration company with a large portfolio of mineral projects across North America. |
Morgan J. Poliquin | President and CEO | Person | The representative responsible for guiding Almadex's exploration activities as outlined in the news release. |
J Duane Poliquin | Chairman | Person | Chairman of Almadex Minerals Ltd., commented on the acquisitions and future exploration strategies. |
ALS Chemex Laboratories | Analytical Service Provider | Company | Performed the analysis of the samples collected from the exploration projects. |