Almadex Provides New Hope Drilling, Big Sky Project and General Exploration Update
Original announcement by tmx on
- Company
- Almadex Minerals Ltd.
- Ticker
- DEX
- Exchange
- TSX
- Region
- Arizona
- Primary commodity
- Copper
- Secondary commodities
- Gold, Silver
- Document categories
- Drill results, Other
- Extracted
- 2026-09-15 18:56:39 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Almadex reports progress on its 2026 exploration program, highlighting the confirmation of a large porphyry alteration system at the New Hope Project in Arizona via a 384m intercept. The company also reports new surface sampling results from the Big Sky gold-silver project in New Mexico and completed drone magnetics across several prospects.
Reasoning: The first hole at New Hope confirms a large alteration system (384m) but failed to return significant copper grades, making it a structural success but a grade disappointment.
Positive factors
- confirmed large porphyry alteration system
- intercepted 384m of alteration
- anomalous gold encountered
Negative factors
- no significant copper mineralisation encountered in first hole
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: The release mentions blanks, field duplicates, and certified standards were used.
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 conducting generative exploration in the western USA targeting porphyry and epithermal systems.
Evidence · text
“We are conducting a large and aggressive early-stage generative exploration in the western USA.”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Drill Results (3)
Fact 1New Hope · copperIntercept: 384 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- New Hope
- Commodity
- copper
- Region
- usa_az
- Reported Region
- usa_az
- Ticker
- DEX
Geometry
- Intercept
- 384 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: The hole confirmed the presence of a large porphyry alteration system but did not return significant copper grades.
Negative factors
- no significant copper mineralisation encountered
Evidence · text
“While no significant copper mineralisation was encountered, the first hole has confirmed a large porphyry alteration system is present.”
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 2New Hope · goldIntercept: 384 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- New Hope
- Commodity
- gold
- Region
- usa_az
- Reported Region
- usa_az
- Ticker
- DEX
Geometry
- Intercept
- 384 m
Classification
- Program
- exploration
- Sample Type
- drill
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Anomalous gold was noted in short sections of veining within the alteration zone.
Positive factors
- anomalous gold encountered
Evidence · text
“Anomalous gold was encountered in several short sections of veining within the phyllic altered zone.”
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 3Big Sky · goldGrade: 1.8Grade Unit: g/tView all detailsHide details
Identity
- Project
- Big Sky
- Commodity
- gold
- Region
- mexico
- Reported Region
- New Mexico
- Ticker
- DEX
Geometry
- Grade
- 1.8
- Grade Unit
- g/t
Classification
- Sample Type
- surface
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-04-01T00:00:00.000Z
Reasoning: Rock chip sampling returned up to 1.8 g/t gold, expanding the known area of prospectivity.
Positive factors
- new samples expand area of potential
Evidence · text
“additional 87 rock chip samples from outcrop were taken returning up to 1.8 g/t gold”
Tags used in scoring
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: qaqc_disclosed is not 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.