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Almadex Minerals Ltd V.DEX

Alternate Symbol(s):  AAMMF

Metals & Mining Industrial Metals & Minerals
Almadex Minerals Ltd. is an exploration company that holds a mineral portfolio consisting of projects and NSR royalties in Canada, the United States, and Mexico. Its United States projects include Davis / Paradise Valley, New Hope, Monte Cristo, Radio and Veta. It also has three epithermal gold-silver prospects in Nevada, United States, including Confusion Hills, County Line and Silverton South. Its Canadian projects include Logan, Lac de Gras / ATW, Merit, and Nicoamen River. The Davis/Paradise Valley property comprises 302 claims totaling approximately 2,400 hectares with multiple targets, located approximately eight miles southeast of Gabbs, Nevada and five kilometers northeast of the Paradise Peak gold mine. Its royalty package consists of projects, which include La Bufa, Caballo Blanco, El Cobre, Cerro Colorado, El Encuentro, El Fuego, Ponderosa, Prospect Valley, Skoonka Creek and others. The Company also owns a number of portable diamond drill rigs.


TSXV:DEX - Post by User

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Post by pienteron Jul 28, 2020 5:50pm
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Post# 31333785

news

newsMore more complete info at  
https://almadexminerals.com/investors/almadexs-newsroom/
Press Release: Almadex Outlines Plans for New Nevada Gold Project and Provides General Exploration and Asset Update

Almadex Outlines Plans for New Nevada Gold Project and Provides General Exploration and Asset Update

VANCOUVER, British Columbia, July 27, 2020 (GLOBE NEWSWIRE) -- Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: DEX) is pleased to provide an update on some of its exploration activities.

Acquisition of New Project in Nevada


Royalties

Almadex currently holds over 15 NSR royalties on mineral properties at various stages in Mexico, the U.S., and Canada. The most advanced of these royalties includes a 2.0% NSR on the feasibility-stage Ixtaca project (Almaden Minerals), a 2.0% NSR on the high grade Elk gold project (Bayshore Minerals) located near Merit, B.C., and a 1.75% NSR on the El Cobre project (Azucar Minerals). Almadex also holds 2% NSR royalties on two of Westhaven Ventures´ projects in the Spences Bridge district (Prospect Valley and Skoonka Creek).

Almadex has generated these royalties organically through its exploration efforts over the past three decades, and will continue to seek opportunities to add to its mineral property asset base.


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