# Almadex Provides Paradise Drilling Update and Discusses Davis High Grade Gold and Silver Targets Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/almadex-provides-paradise-drilling-update-and-discusses-davis-high-grade-gold-an--ab4f94bc-1fb9-4df0-874a-007707b4df48 Original source: https://money.tmx.com/en/quote/DEX/news/5110131161702460/almadex-provides-paradise-drilling-update-and-discusses-davis-high-grade-gold-an Publisher: tmx Original announcement: 2025-09-26T11:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.30 · Bullish ## Minestarters Atlas 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 factor: Confirmation of metal endowment in a large porphyry system at Paradise - Positive factor: High-grade historical gold and silver intercepts at Davis highlight significant potential - Positive factor: Company is financed for first-pass drilling and owns its own drill rigs, enabling cost-effective exploration - Positive factor: True width estimates provided for historical Davis drilling - Negative factor: New Paradise drill results are generally low-grade for early-stage porphyry exploration - Negative factor: True width for Paradise intercepts cannot be determined due to complex geology - Negative factor: Davis results are historical and do not represent new information, reducing novelty - Negative factor: Surface samples are not representative of overall mineralization Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 2 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Drill Results (2) ### PD-25-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/almadex-provides-paradise-drilling-update-and-discusses-davis-high-grade-gold-an--ab4f94bc-1fb9-4df0-874a-007707b4df48#fact-drill-facts-0) Paradise · gold #### 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 factor: Grade is moderate for porphyry gold - Positive factor: Part of an early-stage exploration program confirming metal endowment - Negative factor: Intercept width is narrow - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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-25-002 [Link to this fact](https://atlas-extractions.minestarters.com/news/almadex-provides-paradise-drilling-update-and-discusses-davis-high-grade-gold-an--ab4f94bc-1fb9-4df0-874a-007707b4df48#fact-drill-facts-1) Paradise · silver #### 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 factor: Silver grade is below weak for porphyry/epithermal systems - Negative factor: Intercept width is very narrow - Negative factor: 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 Disclosed** Polarity: positive Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: 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.