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Almadex Announces Plans for Q4; Drilling Commenced at Willow and Planned at San Pedro06.10.2021 | 13:00 Uhr | GlobeNewswire
VANCOUVER, Oct. 06, 2021 - Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: "DEX") is pleased to provide an additional update on activities further to the Company's news release of April 6, 2021, which provided an overview of planned activities by the Company and its partners for 2021 at its mineral properties in British Columbia, Nevada, and Mexico. San Pedro Property, Mexico The San Pedro property is fully permitted for drilling and the Company is currently mobilising a team and rig to site for drill testing prior to year-end. Willow Property, Nevada Willow is located in the Yerington camp, southeast of Reno, NV. The Yerington camp contains four known porphyry copper-molybdenum (Cu-Mo) deposits, all associated with a particular intrusive rock known as the Luhr Hill Granite. AME's work since optioning the property has included geological, geochemical and geophysical work, as well as a short core drilling program in 2018. In its press release of July 7, 2021, AME states that its work points to the existence of a fifth porphyry on the Willow property, the first major discovery in the camp in over 40 years. Davis/Paradise Valley, Nevada The Company is currently compiling the results of recent work completed on the property, with a view to commencing additional work programs in the current year, weather permitting. The outcome of this work will be announced when complete. Drill Contracting Activities The Company is pleased to announce that it has been acting as drilling contractor to arms-length companies in North America during Q3, 2021. The Company has deployed some of its idle drill rigs and staff to these jobs and anticipates that the drill contracts will off-set some of the prospect development activities it is engaged in this year. Duane Poliquin, Chairman of Almadex, stated "We are pleased to see that drilling is underway at the Willow project, Nevada. The Willow project is one of several of our directly owned and optioned properties that could be drilled this year, pending receipt of the necessary permits and allocation of budgets. We are also excited by the potential of the Davis/Paradise Valley project to add substantially to shareholder value, and to once again be drilling another prospective property in Mexico. Finally, we are very pleased to be working with high quality companies as a drill contractor, and happy to be putting some of our hardware to work when we are not using it ourselves." Methodology and QA/QC Qualified Persons About Almadex On behalf of the Board of Directors, "J. Duane Poliquin" J. Duane Poliquin, Chairman Technical and Third-Party Information Except where otherwise stated, the disclosure in this press release relating to the Willow property is based on information publicly disclosed by the owners or operators of this property and information/data available in the public domain as at the date hereof and none of this information has been independently verified by Almadex. Although Almadex does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release, including any references to mineral resources or mineral reserves, was prepared in accordance with Canadian National Instrument 43-101 ("NI 43-101"), which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC") applicable to U.S. domestic issuers. Accordingly, the scientific and technical information contained or referenced in this press release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC. "Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Historical results or feasibility models presented herein are not guarantees or expectations of future performance. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Forward-looking statements in this news release relating to the Company include, among other things, the planned drilling activities at the Willow property; the Company's future exploration activities; the Company's ability to advance exploration activities on other properties in its portfolio; and the possibility that drill contracting activities might off-set some of the cost of the Company's prospect development in 2021. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, equipment availability, relationships with third-party clientele and their willingness or ability to continue to use the Company's drills for exploration, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws. Contact Information: Dieser Artikel stammt von Rohstoff-Welt.de
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