Almadex Provides Paradise Drilling Update and Discusses Davis High Grade Gold and Silver Targets
Original announcement by tmx on
- Company
- Almadex Minerals Ltd.
- Ticker
- DEX
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Gold
- Secondary commodities
- Silver, Copper, Lead, Zinc
- Document categories
- Drill results
- Extracted
- 2026-09-15 19:33:07 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Almadex Minerals provided an update on its Paradise and Davis projects in Nevada. New, early-stage exploration drilling at the Paradise porphyry lithocap project confirmed metal endowment with generally low to moderate gold and base metal grades, including one strong copper intercept. The company also reviewed historical high-grade gold and silver results from the adjacent Davis epithermal project, highlighting significant potential for future follow-up. Almadex is financed for first-pass drilling and plans to continue its vectoring drill campaign at Paradise.
Reasoning: The announcement provides a mixed bag of new, early-stage exploration results from Paradise, which confirm metal endowment but are generally low-grade, and a re-discussion of historical high-grade gold and silver results from Davis. The new Paradise results are important for vectoring future exploration in a large porphyry system, while the historical Davis results highlight significant epithermal potential for future follow-up. The company's in-house drilling capability is a positive for cost-effective exploration.
Positive factors
- Confirmation of metal endowment in a large porphyry system at Paradise
- High-grade historical gold and silver intercepts at Davis highlight significant potential
- Company is financed for first-pass drilling and owns its own drill rigs, enabling cost-effective exploration
- True width estimates provided for historical Davis drilling
Negative factors
- New Paradise drill results are generally low-grade for early-stage porphyry exploration
- True width for Paradise intercepts cannot be determined due to complex geology
- Davis results are historical and do not represent new information, reducing novelty
- Surface samples are not representative of overall mineralization
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 2
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Drill Results (2)
PD-25-002Paradise · goldGrade: 0.37Grade Unit: g/tIntercept: 3.5 mView all detailsHide details
Identity
- Hole ID
- PD-25-002
- Project
- Paradise
- Commodity
- gold
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- DEX
Geometry
- Grade
- 0.37
- Grade Unit
- g/t
- Intercept
- 3.5 m
- From
- 33 m
- To
- 36.5 m
- Hole Depth
- 3.5 m
- Intercept Depth
- 33 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- PD-25-002:33-36.5
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-09-26T00:00:00.000Z
Reasoning: This intercept shows moderate gold grade for a porphyry system, which is a positive indication for early-stage exploration, despite the narrow width and unknown true width.
Positive factors
- Grade is moderate for porphyry gold
- Part of an early-stage exploration program confirming metal endowment
Negative factors
- Intercept width is narrow
- True width not determinable
Evidence · text
“From 33.00 to 36.50 (3.50 metres) 0.37 g/t gold”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "We are contemplating next steps for Davis and will make plans on how to advance the Project either ourselves or by seeki"
PD-25-002Paradise · silverGrade: 23.1Grade Unit: g/tIntercept: 0.95 mView all detailsHide details
Identity
- Hole ID
- PD-25-002
- Project
- Paradise
- Commodity
- silver
- Region
- usa_nv
- Reported Region
- usa_nv
- Ticker
- DEX
Geometry
- Grade
- 23.1
- Grade Unit
- g/t
- Intercept
- 0.95 m
- From
- 135.65 m
- To
- 136.6 m
- Hole Depth
- 3.5 m
- Intercept Depth
- 33 m
Classification
- Deposit Type
- porphyry
- Program
- exploration
- Sample Type
- drill
- Group ID
- PD-25-002:135.65-136.6
- Mining Method
- open_pit
QA/QC
- Laboratory
- ALS Chemex Laboratories
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
- QA/QC Methods
- standards, blanks, duplicates
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2025-09-26T00:00:00.000Z
Reasoning: The silver grade is very low and the intercept is narrow, indicating limited significance for this metal in this early-stage exploration hole.
Negative factors
- Silver grade is below weak for porphyry/epithermal systems
- Intercept width is very narrow
- True width not determinable
Evidence · text
“From 135.65 to 136.60 (0.95 metres) 23.10 g/t silver”
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
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "We are contemplating next steps for Davis and will make plans on how to advance the Project either ourselves or by seeki"
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.