Canadian-based Almadex Minerals announced in mid-May that its 100%-owned Davis/Paradise project in Nevada is fully permitted for drilling and a diamond drill program is expected to kick off next month.
In a project update report, the company said the project, located near Gabbs and just five miles from the Paradise Peak gold mine, completed its geological fieldwork in April to better define the needed hole orientations in preparation for that stage.
“This core holding in Nevada represents an opportunity for discovery in a district that has significant historic production which we know very well. We look forward to getting the drill turning soon,” said Almadex Minerals Chairman J. Duane Poliquin.
The property was previously held by USSRAM Exploration from 1979 to around 2004, during which time various exploration and drilling programs were carried out on the property, including 11 drill holes to investigate mineralization in the historic Davis mine area. The company noted that, as this drilling was historic in nature, it was not completed in accordance with NI 43- 101 and therefore cannot be relied upon. However, it does provide “a clear exploration focus” for its forthcoming work, it said.
“Part of the upcoming drill program will be at the Davis mine area to follow-up and confirm these historic results with the aim of defining a second phase of drilling. The company also plans to conduct first pass drilling on the sinter zone to test for underlying vein mineralization.”
Almadex consolidated the Davis/Paradise Valley area during 2019 by optioning from the underlying owners the Davis property, which adjoins the Paradise Valley property which had been staked by Almadex’s predecessor company. The property now comprises 302 claims totaling approximately 2,400 hectares.