Almadex Minerals Ltd. is pleased to provide an update on some of its exploration activities. Acquisition of New Project in Nevada In 2019 the Company acquired an option to purchase 100% of 34 claims covering the Davis project area of alteration and gold-silver veining north of the Company’s existing Paradise claim block in Nye County Nevada. Almadex subsequently acquired through staking an additional 79 claims which are [...]
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, employees, and consultants of the Company to purchase an aggregate 425,000 common shares in the capital of the Company at an exercise price of $0.19 per share which expire on May 9, 2022. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of [...]
Almadex Minerals Ltd. announces that the Mexican federal government has mandated that all non-essential businesses, including mining and exploration, temporarily suspend operations until April 30 due to the COVID-19 virus. Almadex is not currently drilling at any of its projects, and drilling activities that it has been conducting on behalf of other companies in Mexico using its wholly-owned drills have ceased. J. Duane [...]
Almadex Minerals Ltd. is pleased to announce that it has optioned 60% of its Ponderosa project to 1201361 BC LTD. , a private B.C. company at arms-length to Almadex. Under the terms of the agreement, Optionee can acquire a 60% interest in the Project by: Issuing Almadex 5% of its issued capital on a fully diluted basis on closing, with a top-up to this amount at the time of a “liquidity event”; Completing [...]
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, employees, and consultants of the Company to purchase an aggregate 931,800 common shares in the capital of the Company at an exercise price of $0.29 per share which expire on July 7, 2021. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of [...]
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors and officers of the Company to purchase an aggregate 628,000 common shares in the capital of the Company at an exercise price of $0.32 per share which expire on June 4, 2021. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting of projects and [...]
Almadex Minerals Ltd. has entered into a secured gold loan agreement with Almaden Minerals Ltd. pursuant to which Almadex has agreed to loan up to 1,597 ounces of gold to Almaden. The approximate value of this gold is US$2 million. Under the terms of the Gold Loan, Almaden will be entitled to draw-down the gold in minimum 400 oz tranches. At any given time, the amount of gold ounces drawn multiplied by the London Bullion [...]
Almadex Minerals Ltd. is pleased to provide a further update on results from a prospecting level diamond drilling program in one part of the Yago project called Gallo de Oro where banded epithermal veins crop out at surface. Drilling in 2019 tested the new zone of epithermal veining at surface that was discovered while prospecting the area in 2018 . In 2019 four holes were drilled for a total of 793.09 metres. Hole [...]
Almadex Minerals Ltd. is pleased to announce that it has executed two non-binding Letters of Intent to option 60% of the Nicoamen and Merit properties to Independence Gold Corp. . Each LOI provides that, subject to completion of due diligence, and execution of final documentation by March 29, 2019, and approval of the TSX.V and Boards of Directors of the companies, Independence can acquire a 60% interest in the respective [...]
Almadex Minerals Ltd. is pleased to provide an update on its exploration activities and results from a prospecting level diamond drilling program in one part of the Yago project called Gallo de Oro where banded epithermal veins crop out at surface. Drill Plan Map with Geology Prospecting carried out during the drilling program identified a new zone of epithermal veining at surface, north-north-east of the area tested by [...]
Almadex Minerals Ltd. is pleased to provide an update on its exploration activities. Subsequent to the spinout of Almadex earlier this year the Company has reviewed its portfolio of exploration projects and has initiated various field work programs. The work conducted has included additional lithology and alteration geologic mapping, soil sampling and geophysical surveys all with the intention of defining specific targets [...]
Almadex Minerals Ltd. announces that, pursuant to its Stock Option Plan, it has granted stock options to certain directors, employees and consultants of the Company to purchase an aggregate 2,932,200 common shares in the capital of the Company at an exercise price of $0.32 per share which expire on April 28, 2021. About Almadex Almadex Minerals Ltd. is an exploration company that holds a large mineral portfolio consisting [...]
