Almadex Announces Plans to Drill New Hope Porphyry Project, Arizona and Provides Paradise Drill Program Update
Original announcement by tmx on
- Company
- Almadex Minerals Ltd.
- Ticker
- DEX
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Copper
- Document categories
- Drill results, Other
- Extracted
- 2026-09-15 19:08:12 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Almadex provided an update on its Paradise Project in Nevada, reporting two low-grade gold intercepts from the third scout hole. The drilling program has been paused after the fourth hole was lost due to difficult ground conditions, and the company plans to move its rig to the New Hope porphyry project in Arizona next.
Reasoning: The release reports low-grade gold intercepts from a scout program and announces a drilling pause due to a lost hole, though it maintains a positive long-term porphyry target outlook.
Positive factors
- geochemically anomalous zones intersected
- indicative of a large porphyry system
Negative factors
- drilling program paused
- fourth hole lost due to poor conditions
- drilling has not yet been successful in cutting into the core of the system
Facts used in scoring: 2
Classification and evidence
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: Incorrect, QA/QC is disclosed via ALS Chemex, blanks, duplicates, and standards.
Evidence · text
“Blanks, field duplicates and certified standards were inserted into the sample stream”
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: The company is targeting porphyry lithocap alteration zones to vector towards buried porphyry deposits.
Evidence · text
“Many of these projects cover large porphyry lithocap alteration zones that may conceal buried porphyry deposits”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
Fact 1Paradise · goldGrade: 0.48Grade Unit: g/tIntercept: 1.6 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Paradise
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- DEX
Geometry
- Grade
- 0.48
- Grade Unit
- g/t
- Intercept
- 1.6 m
- From
- 480.4 m
- To
- 482 m
- Intercept Depth
- 480.4 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Paradise:480.4-482
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-11-07T00:00:00.000Z
Reasoning: Low-grade gold intercept in a previously untested part of the property.
Positive factors
- geochemically anomalous
Evidence · text
“1.60 metres @ 0.48 g/t gold (from 480.40 to 482.00 metres depth)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Fact 2Paradise · goldGrade: 0.47Grade Unit: g/tIntercept: 0.5 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Paradise
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- DEX
Geometry
- Grade
- 0.47
- Grade Unit
- g/t
- Intercept
- 0.5 m
- From
- 468.9 m
- To
- 469.4 m
- Intercept Depth
- 468.9 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- Paradise:468.9-469.4
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Deleterious
- Deleterious Flag
- No
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-11-07T00:00:00.000Z
Reasoning: Low-grade gold intercept in a previously untested part of the property.
Positive factors
- geochemically anomalous
Evidence · text
“0.50 metres of 0.47 g/t gold (from 468.90 to 469.40 metres depth)”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
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.