Day: December 5, 2017

J. Duane Poliquin, Chairman of Almadex commented, “These are the first assays in many years from the Porvenir Zone in the central part of the El Cobre project. We believe that these results demonstrate the potential for a significant deposit in this area of the property and again clearly shows that we are dealing with a large cluster of porphyry systems all of which hold the potential to be important porphyry copper-gold deposits. As exploration progresses, it will be interesting to see how the Norte, Porvenir, Villa Rica, and Encinal zones relate at depth.”

Akiba Leisman, Executive Chairman and Interim CEO states that “the ability to process the near surface material intersected in hole 17COLDDH04 through the existing heap leach pad and ADR plant at La Trinidad bodes well for the potential extension of mine life. Additionally, areas of altered gold bearing zones deeper at Colinas continue to indicate the presence of a larger hydrothermal auriferous system that is only beginning to be tested.”