Almadex Intersects Copper Mineralisation, Expands IP Anomaly at New Hope And Provides Exploration Update
Original announcement by tmx on
- Company
- Almadex Minerals Ltd.
- Ticker
- DEX
- Exchange
- TSX
- Region
- Arizona, USA
- Primary commodity
- Copper
- Secondary commodities
- Molybdenum, Gold
- Document categories
- Drill results, Other
- Extracted
- 2026-09-15 18:43:01 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Almadex Minerals has received final assays from the second hole of its first-pass drilling program at the New Hope copper-gold porphyry project in Arizona. The results confirm a large alteration system with trace copper and molybdenum, while IP geophysics has extended the known geophysical anomaly to the east.
Reasoning: First-pass drilling confirms a large copper-bearing porphyry alteration system and expands the geophysical anomaly, though grades remain at trace levels.
Positive factors
- Presence of copper mineralisation confirmed
- Expansion of IP geophysical anomaly to the east
- Large porphyry alteration system identified
- QA/QC protocols disclosed
Negative factors
- Grades are relatively low (trace chalcopyrite)
- True widths not possible to calculate due to complex geology
Facts used in scoring: 6
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 blanks, field duplicates, and certified standards were used.
Evidence · text
“Blanks, field duplicates and certified standards were inserted into the sample stream”
Apparent Width Onlynegative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Why it applies: The company explicitly states that true widths are not possible to calculate at this time.
Evidence · text
“True widths are not possible to calculate at this time for the drill intercepts described”
Extracted facts
Stored fact records: 6. Some facts used in scoring do not have a stored record.
Drill Results (6)
Hole 2New Hope · copperGrade: 0.15Grade Unit: %Intercept: 6 mView all detailsHide details
Identity
- Hole ID
- Hole 2
- Project
- New Hope
- Commodity
- copper
- Region
- usa_az
- Reported Region
- usa_az
- Ticker
- DEX
Geometry
- Grade
- 0.15
- Grade Unit
- %
- Intercept
- 6 m
- From
- 498 m
- To
- 504 m
- Intercept Depth
- 498 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- Hole 2:498-504
- Mining Method
- open_pit
Location
- Loc. Confidence
- medium
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-30T00:00:00.000Z
Reasoning: Intercept of 6.0m at 0.15% Cu confirms copper presence but is low grade for a porphyry target.
Negative factors
- Low grade (trace)
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
Hole 2New Hope · molybdenumGrade: 156Grade Unit: ppmIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- Hole 2
- Project
- New Hope
- Commodity
- molybdenum
- Region
- usa_az
- Reported Region
- usa_az
- Ticker
- DEX
Geometry
- Grade
- 156
- Grade Unit
- ppm
- Intercept
- 6 m
- From
- 498 m
- To
- 504 m
- Intercept Depth
- 498 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- Hole 2:498-504
- Mining Method
- open_pit
Location
- Loc. Confidence
- medium
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-30T00:00:00.000Z
Reasoning: Trace molybdenum reported alongside copper.
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
Hole 2New Hope · copperGrade: 0.34Grade Unit: %Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- Hole 2
- Project
- New Hope
- Commodity
- copper
- Region
- usa_az
- Reported Region
- usa_az
- Ticker
- DEX
Geometry
- Grade
- 0.34
- Grade Unit
- %
- Intercept
- 2 m
- From
- 500 m
- To
- 502 m
- Intercept Depth
- 500 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- Hole 2:500-502
- Mining Method
- open_pit
Location
- Loc. Confidence
- medium
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-30T00:00:00.000Z
Reasoning: Higher grade sub-interval within the fault zone.
Negative factors
- Narrow interval
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
Hole 2New Hope · molybdenumGrade: 326Grade Unit: ppmIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- Hole 2
- Project
- New Hope
- Commodity
- molybdenum
- Region
- usa_az
- Reported Region
- usa_az
- Ticker
- DEX
Geometry
- Grade
- 326
- Grade Unit
- ppm
- Intercept
- 2 m
- From
- 500 m
- To
- 502 m
- Intercept Depth
- 500 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- Hole 2:500-502
- Mining Method
- open_pit
Location
- Loc. Confidence
- medium
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-30T00:00:00.000Z
Reasoning: Higher molybdenum concentration in the sub-interval.
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
Hole 2New Hope · copperGrade: 0.14Grade Unit: %Intercept: 2 mView all detailsHide details
Identity
- Hole ID
- Hole 2
- Project
- New Hope
- Commodity
- copper
- Region
- usa_az
- Reported Region
- usa_az
- Ticker
- DEX
Geometry
- Grade
- 0.14
- Grade Unit
- %
- Intercept
- 2 m
- From
- 778 m
- To
- 780 m
- Intercept Depth
- 778 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- Hole 2:778-780
- Mining Method
- open_pit
Location
- Loc. Confidence
- medium
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-30T00:00:00.000Z
Reasoning: Trace copper in tourmaline bearing breccia.
Negative factors
- Low grade
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
Hole 2New Hope · molybdenumGrade: 5Grade Unit: ppmIntercept: 2 mView all detailsHide details
Identity
- Hole ID
- Hole 2
- Project
- New Hope
- Commodity
- molybdenum
- Region
- usa_az
- Reported Region
- usa_az
- Ticker
- DEX
Geometry
- Grade
- 5
- Grade Unit
- ppm
- Intercept
- 2 m
- From
- 778 m
- To
- 780 m
- Intercept Depth
- 778 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- Hole 2:778-780
- Mining Method
- open_pit
Location
- Loc. Confidence
- medium
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-06-30T00:00:00.000Z
Reasoning: Trace molybdenum reported.
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.