Northwire Canada EditionWednesday, July 29, 2026
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Drill Results

Almadex Minerals talks drilling at Davis, Paradise

By The Northwire Desk — AI Analysis Sep 26, 2025 · 16:46 DEX · 0.54 Almadex Minerals Ltd.
DEX · Price

Executive Summary

  • Almadex Minerals released assay results from its Paradise porphyry lithocap drill program (hole PD‑25‑002) showing multiple high‑grade silver and base‑metal intervals, including up to 28.10 g/t Ag over 0.55 m.
  • Historical Davis project drilling (DP‑22‑001 & DP‑22‑002) previously returned significant gold–silver intercepts (e.g., 17.1 g/t Au over 0.80 m and 68.2 g/t Ag). Recent IP surveys have identified a chargeability anomaly coincident with historic high‑grade surface grab samples (up to 36.3 g/t Au), marking the area for follow‑up work.
  • The company plans to commence a fourth drill hole at Paradise and is evaluating next steps for Davis, including potential partnership opportunities.

Key Details

  • Paradise Drill Hole PD‑25‑002 Assay Highlights:
  • 33.00–36.50 m (3.5 m): 0.37 g/t Au
  • 135.65–136.60 m (0.95 m): 23.10 g/t Ag, 0.15 % Cu, 1.58 % Pb, 1.09 % Zn
  • 139.00–139.55 m (0.55 m): 28.10 g/t Ag, 0.44 % Cu, 2.84 % Pb, 1.24 % Zn
  • 177.55–178.70 m (1.15 m): 7.70 g/t Ag, 0.02 % Cu, 1.43 % Pb, 1.56 % Zn

  • 189.00–213.10 m (24.10 m): 3.21 g/t Ag, 0.03 % Cu, 0.36 % Pb, 0.53 % Zn (including 208.50–210.00 m: 11.80 g/t Ag, 0.08 % Cu, 1.53 % Pb, 1.52 % Zn)

  • Paradise Program Status:

  • Completed three holes; fourth hole to start shortly (2025 vectoring campaign).

  • All four holes target different segments of a 4.5 km × 1.8 km alteration zone with high‑temperature alteration, chargeability and magnetic anomalies.

  • Davis Project – Historical Drill Results (DP‑22‑001 & DP‑22‑002):

  • DP‑22‑001: 0.80 m @ 17.1 g/t Au & 10.3 g/t Ag; 1.70 m @ 11.8 g/t Au & 68.2 g/t Ag; 13.70 m @ 2.3 g/t Au & 24.1 g/t Ag.

  • DP‑22‑002: 2.10 m @ 5.7 g/t Au & 22.3 g/t Ag; 6.65 m @ 1.9 g/t Au & 11.9 g/t Ag.

  • Recent IP Survey (Davis):

  • Detected chargeability feature associated with older metasediments and historic high‑grade grab samples (18.5 g/t Au, 36.3 g/t Au).

  • Surface Sampling Highlights:

  • Peppercorn showing: 0.4 m @ 1.9 g/t Au & 1,330 g/t Ag; 0.2 m @ 2.0 g/t Au & 415 g/t Ag; grab sample 6.0 g/t Au & 2,410 g/t Ag.

  • Twin Shaft showing: multiple grab samples up to 38 g/t Au & 261 g/t Ag.

  • Future Plans:

  • Await full assay results from remaining Paradise holes before issuing further interpretation.
  • Considering next steps for Davis—potential in‑house advancement or partner involvement.

Notable Quotes

“We look forward to receiving all results from this Paradise vectoring drill program. In the meantime, we are pleased to provide this review of some of the targets at the Davis project. We are contemplating next steps for Davis and will make plans on how to advance the project either ourselves or by seeking a partner.” – J. Duane Poliquin, Chairman, Almadex Minerals Ltd.

Read the original news release →

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