Almadex Acquires Red Antler Silver-Gold Epithermal Vein Project by Staking, Surface Sampling returns 24 g/t Silver
Original announcement by tmx on
- Company
- Almadex Minerals Ltd.
- Ticker
- DEX
- Exchange
- TSX
- Region
- Utah
- Primary commodity
- Silver
- Secondary commodities
- Gold
- Document categories
- Metallurgy, Agreement transaction, Drill results
- Extracted
- 2026-09-15 19:16:36 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Almadex Minerals Ltd. has acquired a 100% interest in the Red Antler silver-gold epithermal vein project in western Utah through staking. Preliminary surface grab sampling returned silver grades up to 24 g/t, with 12 of 34 samples exceeding 1 g/t silver.
Reasoning: The company acquired a new project and reported encouraging, albeit preliminary, surface sampling results that indicate a preserved epithermal system.
Positive factors
- Acquisition of 100% interest in Red Antler project
- Encouraging surface sampling results (up to 24 g/t Ag)
- Identification of epithermal vein system with high preservation
- Presence of anomalous gold and epithermal suite elements
Negative factors
- Results are based on preliminary grab samples which may not represent true mineralization
- Early-stage project with only very preliminary work performed
Facts used in scoring: 3
Classification and evidence
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: Release mentions ALS Chemex Laboratories and QP sign-off by Morgan J Poliquin.
Evidence · text
“The analyses reported were carried out at ALS Chemex Laboratories”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The project was identified as part of an ongoing regional exploration program.
Evidence · text
“identified as part of Almadex’s ongoing regional exploration program”
Multi-Domain Testedpositive
Variability across ore domains (oxide, transition, fresh) has been addressed.
Why it applies: 2 distinct composites were tested
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Metallurgical Results (3)
Fact 1Red Antler · silverView all detailsHide details
Identity
- Project
- Red Antler
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- DEX
Test Work
- Sample
- grab rock samples from outcrop and float
Lab
- Laboratory
- ALS Chemex Laboratories
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-05T00:00:00.000Z
Reasoning: 24 g/t silver is a strong intercept for preliminary surface grab sampling in an epithermal setting.
Positive factors
- High grade for surface grab sampling
Negative factors
- Grab samples are selected and may not represent true underlying mineralisation
Evidence · text
“up to 24 g/t silver”
Fact 2Red Antler · silverView all detailsHide details
Identity
- Project
- Red Antler
- Commodity
- silver
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- DEX
Test Work
- Sample
- 34 grab rock samples from outcrop and float
Lab
- Laboratory
- ALS Chemex Laboratories
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-05T00:00:00.000Z
Reasoning: The average grade of 1.4 g/t silver across 34 samples shows widespread but low-grade silver presence.
Positive factors
- Average grade above 1 g/t silver for the sample set
Negative factors
- Low average grade across the total sample set
Evidence · text
“averaging 1.4 g/t silver for all 34”
Fact 3Red Antler · goldView all detailsHide details
Identity
- Project
- Red Antler
- Commodity
- gold
- Region
- usa_ut
- Reported Region
- Utah
- Ticker
- DEX
Test Work
- Sample
- grab rock samples from outcrop and float
Lab
- Laboratory
- ALS Chemex Laboratories
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2025-08-05T00:00:00.000Z
Reasoning: Gold is mentioned as anomalous but lacks specific numeric values for assessment.
Positive factors
- Presence of gold supports epithermal model
Negative factors
- No specific gold grades reported
Evidence · text
“Anomalous gold values were also returned”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.