Almadex Intersects Copper Mineralisation, Expands IP Anomaly at New Hope
Almadex Minerals reports copper-gold porphyry mineralisation from the second hole at its New Hope project in Arizona, with an expanded IP anomaly pointing to a larger system.
Almadex Minerals has released assay results from the second hole of its initial drill program at the New Hope copper-gold porphyry project in Arizona, confirming copper mineralisation and expanding the induced polarisation (IP) geophysical anomaly. The company is also providing an update on its exploration plans, including upcoming drilling targets.
The second drill hole, NH-26-002, intersected significant copper mineralisation, with final assays now received. The IP survey has identified a larger anomaly than previously mapped, suggesting the potential for a more extensive mineralised system at depth. Almadex holds a 100% interest in the New Hope property, located in a region known for porphyry copper deposits. For traders tracking commodity equities, these results could influence sentiment around copper exploration stocks, especially given the current focus on copper supply deficits and the energy transition. Traders can monitor copper price movements and related equities on NowPrice's live commodities dashboard.
Looking ahead, Almadex plans to integrate the IP data with drill results to refine targets for a follow-up drilling campaign. The company is also evaluating additional geophysical surveys to further define the anomaly. Investors will watch for news on the next phase of drilling, which could provide further clarity on the scale and grade of the mineralisation at New Hope.