El Cobre Project

Overview | Drilling | News & Updates | Technical Reports

News & Updates

Please note: Prior to June 2015, work on El Cobre was conducted by Almadex's predecessor, Almaden Minerals, as well as its joint venture partners. News releases below link to archived releases.  To read all news releases of Almaden's prior work on the project, please visit Almaden Minerals' newsroom.

Please note: El Cobre was formerly the Central Grid Zone of the Caballo Blanco Project.

February 8th, 2018
Almadex Receives Final El Cobre Assays from 2017: Intersects Further Enriched Copper at Raya Tembrillo (Villa Rica) Cuts 38.00m of 0.93% Copper and 0.16 g/t Gold

December 13th, 2017
Almadex Intersects Enriched Copper at Raya Tembrillo (Villa Rica), Cuts 94.00m of 1.36% Copper and 0.07 g/t Gold, Including 43.00m of 2.45% Copper and 0.09 g/t Gold

December 5th, 2017
Almadex Cuts 108.00m of 0.88 g/t Gold and 0.29% Copper including 80.00m of 1.11 g/t Gold and 0.36% Copper at the Porvenir Zone, the Fourth in the El Cobre Project Cluster of Copper Porphyry Zones

November 28th, 2017
Almadex Reports First Holes from Raya Tembrillo (Villa Rica). Intersects Enriched Copper Zone and Hypogene Copper-Gold Porphyry, Cuts 83.90m of 0.75% Copper and 0.13 g/t Gold and 115.00m of 0.57 g/t Gold and 0.27% Copper

October 4th, 2017
Almadex Hits 187.25m of 1.02 g/t Gold and 0.33% Copper (1.47g/t AuEq, 1.07% CuEq) Within 435.65m Gold and 0.29% Copper (1.12g/t AuEq, 0.81% CuEq) at the Norte Zone, Mexico

September 14th, 2017
Almadex Hits 151.00m of 0.88 g/t Gold and 0.30% Copper within 273.50m of 0.59 g/t Gold and 0.21% Copper At the Norte Zone, Mexico; Grants Stocks Options

September 6th, 2017
Step out Hole EC-17-030 Traces High Grade 200m Northwest at the Norte Zone, Mexico, Hits 60.70m of 0.95 g/t Gold and 0.37% Copper within 308.50m of 0.39 g/t Gold and 0.20% Copper

August 15th, 2017
Almadex Pulls Best Hole to Date at the Norte Zone, El Cobre, with 534.90m of 0.90 g/t Gold and 0.30% Copper

Read more on El Cobre +

August 3rd, 2017
Almadex Cuts 103.85m of 1.33 g/t Gold and 0.41% Copper 1.89 g/t AuEq or 1.38% CuEq) at the Norte Zone, El Cobre Project

July 25th, 2017
Almadex Cuts 70.45m of 2.32 g/t Gold and 0.59% Copper (3.13 g/t AuEq or 2.28% CuEq) and 40.45m of 1.38 g/t Gold and 0.43% Copper, Both Within 431.90m of 0.86 g/t Gold and 0.27% Copper in Hole EC-17-026at the Norte Zone, El Cobre Project, Mexico

June 29th, 2017
Almadex Intersects 100.47m of 0.44 g/t Au and 0.15% Cu, including 34.47m of 0.73 g/t Au and 0.20% Cu at the Encinal Zone, El Cobre Project

June 19th, 2017
Almadex Hits 153.50m of 0.68 g/t Gold and 0.27% Copper, including 84.00m of 0.96 g/t Gold and 0.37% Copper in Hole EC-17-021 at the Norte Zone, Identifies New Zone of Mineralised Outcrop in the Encinal Zone

May 24th, 2017
Almadex Hits 227.00m of 0.57 g/t Gold and 0.25% Copper, including 74.80m of 0.65 g/t Gold and 0.32% Copper, and 96.00m of 0.76 g/t Gold and 0.28% Copper in Hole EC-17-020 at the Norte Zone

April 10th, 2017
Almadex Reports 14.0 meters of 1.57 g/t Gold from Channel Sampling in the Villa Rica Zone, El Cobre Project, Mexico

April 5th, 2017
Almadex Hits 342.00m of 0.60 g/t Gold and 0.27% Copper, including 193.30m of 0.93 g/t Gold and 0.38% Copper and 114.60 meters of 1.33 g/t Gold and 0.48% Copper in Hold EC-17-018 at the Norte Zone

March 19th, 2017
Almadex Provides El Cobre Project Update: First Hole Completed in Norte Zone; High Grade Gold Porphyry Mineralization Found in Outcrop Within the Undrilled Villa Rica Target Area

January 3rd, 2017
Almadex Hits 240.00m of 0.22% Copper and 0.5 g/t Gold within 646.38m of 0.15% Copper and 0.30 g/t Gold which also includes 469.00m of 0.18% Copper and 0.38 g/t Gold in Hole EC-16-017 at the Norte Zone.

December 15th, 2015
Almadex Hits 268.50m of 0.20% Copper & 0.46g/t Gold within 497.00m of 0.16% Ccopper & 0.33g/t Gold in Hole EC-16-16 at the Norte Zone and Provides Further El Cobre Project Overview and Target Discussion

November 9th, 2016
Almadex Hits 414.36m of 0.11% Copper and 0.16 g/t Gold including 74.50m of 0.19% Copper and 0.38 g/t Gold in Hole EC-16-13 and Provides El Cobre Project Overview and Target Discussion

October 24th, 2016
Almadex Confirms Gold-Rcih Porphyry System at Norte Target, El Cobre Project, Hits 218.00m of 0.70 g/t Gold and 0.28% Copper, including 80.50m of 1.34 g/t Gold and 0.46% Copper

August 17th, 2016
Almadex Reports Second Gold-Rich Porphyry Interval From HOLE EC-16-010 at Norte Target, El Cobre Project, Mexico: Hits 150.90m of 0.55 g/t Gold and 0.22% Copper, Including 62.00m of 0.86 g/t Gold & 0.33% Copper

August 8th, 2016
Almadex Discovers Gold-Rich Porphyry System at Norte Target: Hits 163.50m of 0.68 g/t gold and 0.29% copper, including 43.00m of 1.61 g/t gold and 0.41% copper to 317.00 meters.

June 1st, 2016
Almadex Confirms Porphyry System at Encinal Target, El Cobre Project, Mexico: Hits 1.5 meters of 109.5 g/t Gold and 0.15% Copper and 13.0 meters of 0.57 g/t Gold and 0.21% Copper

May 7th, 2013
Drilling hits 106.00 meters of 0.36 g/t Gold and 0.23 % Copper.

February 21st, 2013
Drilling Underway at El Cobre

November 29th, 2011
A Titan 24 deep penetration geophysical survey commences on El Cobre. The results of the Titan 24 survey will be used to plan a diamond drilling program anticipated to commence in early 2012. Past drilling at El Cobre has defined copper-gold porphyry mineralisation over 4 kilometres of strike length. The survey will also cover the Villa Rica zone which has never been drilled.

September 26th, 2011
Almaden acquires 100% interest in El Cobre.

July 16th, 2007
A new copper-gold porphyry zone has been discovered on El Cobre. 23 rock samples (outcrop and float) were taken within an 800 by 400 meter area underlain by the quartz stockwork and alteration. These samples returned up to 1.5 g/t gold and 0.15% copper and averaged 0.18 g/t gold and 213 ppm copper. Five four-kilometer lines, spaced 400 meters apart, were surveyed with induced polarization (“IP”) and ground magnetics. Results from the IP geophysical survey detected a chargeability anomaly two kilometres east-west by at least 1.5 kilometers north-south. Soil samples were collected on 50-meter spacing along each line.

Sixteen consecutive soil samples over the surface of the buried IP anomaly returned an average of 128 ppb gold (ranging from 41 to 400 ppb gold), 342 ppm copper (ranging from 57 to 1435 ppm copper) and 15 ppm molybdenum (ranging from 7 to 35 ppm molybdenum). The alteration and mineralization are interpreted to be representative of a high level of exposure in a porphyry copper-gold system.

November 26th, 2004
One hole was drilled (CB04-01) in the area to follow up on two holes from 1998 which intersected porphyry copper-gold mineralization. CB04-01 intersected mineralisation typical of a porphyry copper setting along the entire 298 metre length of the hole. The entire length averaged 380 ppb gold (0.38 g/t) and 0.16% copper including two higher grade intervals: 56 meters of 844 ppb (0.84 g/t) gold and 0.34% copper and 24 meters from 172 to 194 meters averaging 887 ppb (0.89 g/t) gold and 0.28% copper (includes a 10 meter interval averaging 1672 ppb (1.7 g/t) gold and 0.49% copper).