Almadex talks exploration plans for 2026

Executive Summary

• Almadex Minerals Ltd. outlines its 2025 exploration results and detailed plans for 2026, focusing on first-pass drilling programs for its portfolio of precious and base metal projects in the Western United States.
• The company highlights successful generative work in 2025, including the acquisition of new early-stage projects and the advancement of existing assets, with specific emphasis on porphyry copper-gold and epithermal gold-silver systems.
• Key 2026 activities include resuming drilling at the New Hope prospect in Arizona and initiating drilling programs at Ruby Hill (Nevada), Red Antler (Utah), King (Colorado), and Big Sky (New Mexico), supported by in-house drilling capacity.

Key Details

• 2025 Operational Summary:
  • Acquired several new epithermal gold-silver and porphyry lithocap exploration projects, plus a rare-earth element prospect.
  • Optioned three projects to Azucar Minerals Ltd.
  • Conducted scout drilling at the legacy Paradise project in Nevada; porphyry alteration was encountered with related brecciation and weak mineralization, though no firm vectors were generated.
  • Commenced drilling at the New Hope porphyry prospect in Arizona in late 2025.
  • Advanced Ruby Hill, County Line, Silverton South, Big Sky, Red Antler, New Hope, and King projects toward drill permitting via surface prospecting, mapping, and IP geophysics.
• 2026 Exploration Strategy:
  • Focus on first-pass, discovery-oriented drilling using six company-owned diamond drills and potential contract drilling to offset expenditures.
  • Drilling anticipated to recommence at New Hope (Arizona) in the coming days based on mapped veining and IP chargeability features.
  • Plans to submit notices to the Bureau of Land Management (BLM) for drilling at Ruby Hill and Red Antler.
  • Filed notice to conduct drilling at King (Colorado).
  • Plans near-term IP survey at Big Sky (New Mexico) to finalize targets for 2026 drill testing.
  • Plans to initiate soil sampling and IP geophysics at the newly acquired Rattlesnake project (Arizona) in early 2026.
• Specific Project Highlights & Sample Results:
  • Ruby Hill (Nevada): 59 grab samples returned 12 samples >25 g/t Ag (up to 992 g/t Ag, avg 45 g/t Ag) and 17 samples >0.1 g/t Au (up to 0.94 g/t Au, avg 0.10 g/t Au).
  • Red Antler (Utah): 34 grab samples returned 12 samples >1 g/t Ag (up to 24 g/t Ag, avg 1.4 g/t Ag). IP survey highlighted potential vein features.
  • King (Colorado): Mapping identified silicification and quartz-alunite alteration over ~3x3 km area with strong Mo-Cu-Au anomalies. IP geophysics highlighted broad elevated chargeability.
  • Big Sky (New Mexico): 57 grab samples returned 19 samples >0.1 g/t Au (up to 3.5 g/t Au, avg 0.26 g/t Au). Soil sampling showed elevated gold and epithermal suite elements.
  • Rattlesnake (Arizona): Preliminary sampling supports interpretation of a preserved porphyry lithocap environment with stockwork and silver-lead-zinc-bearing veining.

Notable Quotes

• "The company anticipates that 2026 will be a significant year, with first-pass drilling programs being planned for several projects within its portfolio."
• "Almadex is well financed to carry out generative and first-pass drilling programs on its own projects. Two thousand twenty-five was a transitional year for generative work and non-dilutive growth in working capital."