Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Almadex sets out 2026 exploration work

By The Northwire Desk — AI Analysis Apr 01, 2026 · 18:26 DEX · 0.51 Almadex Minerals Ltd.
DEX · Price

Executive Summary

  • Almadex Minerals reports initial assay results from the first drill hole at its New Hope porphyry copper-gold project in Arizona, confirming a large phyllic alteration system with high-level veining extending to 384 meters, though no significant copper mineralization was encountered.
  • The company received further significant rock chip sampling results from the Big Sky epithermal gold-silver project in New Mexico, with additional samples returning up to 1.8 g/t gold, expanding the known area of prospectivity.
  • Exploration activities are advancing across the portfolio, including the completion of a second drill hole at New Hope, drone magnetics surveys at multiple projects, and upcoming induced polarization (IP) geophysical surveys at the Rattlesnake project.

Key Details

  • New Hope Project (Arizona) - Drilling Results:
    • First hole intersected andesite porphyry with moderate to strong phyllic alteration and quartz veining to 384 meters.
    • Encountered propylitic to potassic alteration below a zone of faulting and brecciation.
    • Pyrite content estimated up to 7% within the phyllic alteration zone.
    • Anomalous gold encountered in several short sections of veining within the phyllic altered zone.
    • No significant copper mineralization was encountered in the first hole.
    • Drilling on the second hole is complete; assays are pending.
    • The drilling is located on the western edge of a 2.5 km by 0.75 km area of mapped phyllic and remnant lithocap porphyry alteration.
  • New Hope Project - Future Plans:
    • Further induced polarization (IP) geophysics planned to explore for chargeability and resistivity responses to the east and northeast of the first two drill holes.
  • Big Sky Project (New Mexico) - Sampling Results:
    • 2025 preliminary results: 19 of 57 grab samples returned >0.1 g/t gold, with four samples >1 g/t gold (up to 3.5 g/t gold).
    • Recent additional sampling: 87 rock chip samples returned up to 1.8 g/t gold (averaging 0.1 g/t gold).
    • Soil sampling showed elevated gold and epithermal suite elements near the gold-in-rock results.
    • Company plans further IP geophysical surveying to define drill targets.
  • Other Exploration Activities:
    • Drone-based magnetic surveys completed at New Hope, King, and Rattlesnake projects; data is being analyzed.
    • Induced polarization (IP) geophysical survey to commence shortly at the Rattlesnake porphyry-epithermal project in Arizona.
    • Regional generative exploration program continuing in the western USA.

Notable Quotes

  • "We are conducting a large and aggressive early-stage generative exploration in the western USA. At the same time, we have begun first-pass drill testing of our new project portfolio. The results from the first ever Almadex drill hole on the property confirm a large alteration system. We look forward to planning the next steps at New Hope and a year focused on generative exploration and advancing our exciting new portfolio of early-stage porphyry and epithermal targets in the western USA." — J. Duane Poliquin, Chairman
Read the original news release →

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Drill Results