Almadex announced that it has reacquired a 100% interest in the BP gold project, Nevada by paying CAD 5,000 cash and covering the property maintenance fees for 2023 (approximately USD 9,500). The BP property is located in Elko County, 57 km south of Carlin, Nevada and 41 km northwest of the Bald Mountain Mine. The property has had little previous gold exploration prior to a reconnaissance program in 2010 carried out by Almadex?s predecessor that identified gold-bearing jasperoid and anomalous gold and pathfinder geochemistry on surface.

The property was subsequently sold to a third party in 2012 with Almadex retaining a 2% NSR royalty. Work since the sale consisted of mapping and prospecting which identified potential structural conduits for mineralizing fluid flow. Almadex is reviewing the data it has acquired with the purchase of the project prior to making definitive plans to explore the project in 2024.