Northwire Canada EditionWednesday, October 21, 2026
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GOLD 4156.20 +0.3% SILVER 58.05 +0.1% COPPER 6.58 −0.4% OIL 97.70 −0.1% PALLADIUM 1091.25 −1.2% DEX 0.340 −6.8% MMX 0.045 −10.0% DSV 11.35 +1.1% LITH 0.280 +0.0% TECK 88.14 −2.6% ARU 0.230 +2.2% RCK 0.640 +0.0% ZFR 0.070 +27.3% SMD 0.280 +0.0% MOG 0.475 +1.1% PLY 0.040 +0.0% LXE 0.210 −12.5% GOLD 4156.20 +0.3% SILVER 58.05 +0.1% COPPER 6.58 −0.4% OIL 97.70 −0.1% PALLADIUM 1091.25 −1.2% DEX 0.340 −6.8% MMX 0.045 −10.0% DSV 11.35 +1.1% LITH 0.280 +0.0% TECK 88.14 −2.6% ARU 0.230 +2.2% RCK 0.640 +0.0% ZFR 0.070 +27.3% SMD 0.280 +0.0% MOG 0.475 +1.1% PLY 0.040 +0.0% LXE 0.210 −12.5%
Drill Results Neutral

Almadex Expands Claim Block at New Hope, Provides Exploration Update

Almadex continues expanding its claim package around early-stage porphyry drill results that show weak grades.

By The Northwire Desk — AI Analysis Oct 21, 2026 · 15:31 DEX · 0.365 Almadex Minerals Ltd.
Executive Summary

Almadex Minerals Ltd. (DEX) has completed its 2026 drill program at the New Hope copper-gold porphyry project in Arizona. The company completed two diamond drill holes from the same pad. Hole 2 intersected 6.00m @ 0.15% Cu and 156 ppm Mo, including 2.00m @ 0.34% Cu and 326 ppm Mo. Hole 1 intersected andesite porphyry with phyllic alteration but no significant copper mineralization.

Drilling confirmed a large porphyry alteration system and a tourmaline-bearing breccia pipe. True widths cannot be calculated due to complex veining and brecciation. The company expanded its claim block eastward by 2.5 km x 0.75 km, targeting high chargeability and mapped alteration.

One hole was completed at the King project in Colorado; samples are pending assay. Management is designing a Phase II drilling program for New Hope.

Material Impact

Almadex Minerals Ltd. (DEX) released an exploration update rather than an earnings report, with financial impact limited to exploration expenditures and minor royalty income. Following the announcement, the stock declined from $0.36 on Oct 20 to $0.34 on Oct 21, reflecting skepticism toward the weak grades and lack of near-term commercial potential. The news represents a continuation of early-stage generative exploration with no production timeline or reserve definition.

DEX · Price
Company Overview

Almadex Minerals Ltd. (TSX-V: DEX) is a generative exploration company focused on porphyry, epithermal, and related copper, gold, and silver deposits in the Western United States and Canada. Its key projects include New Hope in Arizona, King in Colorado, Paradise and Ruby Hill in Nevada, Red Antler in Utah, Big Sky in New Mexico, Fountain Ridge in Idaho, and Logan in the Yukon.

The company utilizes a portfolio of in-house diamond drill rigs to conduct cost-effective first-pass drilling and employs a strict drop-dead policy for projects that fail to advance. Its business model combines early-stage exploration with a diversified net smelter return (NSR) royalty portfolio.

Read the original news release →

More from Almadex Minerals Ltd.

Aug 25, 2026 · 07:30

Almadex advances King project drilling with proceeds from royalty sales to fund operations.

Drill Results Aug 06, 2026 · 05:58

Almadex sells an NSR interest for modest cash, capping long-term royalty upside.

M&A / Property Aug 05, 2026 · 17:54

Almadex Announces Completion of Sale of Royalty Interests

M&A / Property Jul 10, 2026 · 07:30

Almadex uses royalty monetization proceeds to fund exploration, despite the stock drifting lower due to a lack of near-term catalysts.

M&A / Property Jun 30, 2026 · 17:08

Almadex’s early-stage porphyry drilling confirms an alteration footprint while delivering sub-commercial grades, with capital preservation remaining the primary metric.

Drill Results Jun 29, 2026 · 07:30

Almadex Announces Sale of El Cobre NSR Royalty

M&A / Property