Almadex Minerals Ltd. announced that, further to its news release of July 11, 2023 describing the identification of new targets, it has acquired by staking a 100% interest in the New Hope porphyry copper exploration project in Arizona, USA. The 950 hectare New Hope project covers a roughly 3.5 by 1.5 kilometre area of intense hydrothermal alteration developed in volcanic rocks and crosscutting intrusive dykes. The observed hydrothermal alteration is characteristic of the upper levels of a porphyry system.

Almadex has completed a surface alteration and geologic mapping program. Rem Remnants of an advanced argillic altered lithocap with Na-alunite, pyrophyllite and dickite along with a phyllic alteration signature including high crystallinity muscovite at surface have been mapped with a Terraspec mineral prospecteter. Complete results from this work are being compiled presently as additional analyses are being carried out.

Almadex looks forward to reporting on these and its exploration plans for the New Hope project moving forward. Subsequent to identifying the New Hope target, Almadex research identified reports describing some of the past work in the area from the 1950s to the 1970s. These summary reports mention shallow drilling, some geophysics and a description of two diamond drill holes with uncertain collar locations.

One of these was a deep hole believed to have been drilled adjacent to the argillic alteration zone.