Mexican Portfolio

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Overview of the Portfolio

Almadex considers Mexico as being one of the least developed and most prospective areas for geological exploration in the world. Excellent geology coupled with a welcoming political, economic, and social environment make Mexico a premier country in which to explore and invest.

Almadex maintains a large portfolio of projects in Mexico along trends identified by our extensive exploration programs. These 100% owned projects range from alteration zones that require target definition through drill ready projects with targets well defined at surface.

Listed below are brief descriptions of projects within Almadex’s Mexican portfolio. Unless stated otherwise, all projects are 100% owned by Almadex.

El Chato

Gold / Silver | Puebla State, Mexico

El Chato is a 100% Almadex-owned project acquired by staking. The property covers an area of acid-sulphate alteration developed in volcanic rocks including zones of massive silica, quartz-alunite and kaolinite. The alteration is interpreted to represent the upper parts of a high sulphidation system with potential for gold, silver and copper mineralization. Past work includes mapping, rock, soil and stream sediment sampling, geophysics and drilling.

Lajas

Gold / Silver | San Luis Potosi State, Mexico

The road-accessible Lajas project, located in San Luis Potosi State, is a 100% Almadex owned project acquired by staking. The property covers an area of low-sulphidation epithermal veining with potential to host gold and silver mineralization. Past work includes mapping, sampling and geophysics.

Mezquites

Mezquites project is 100% owned by Almadex Minerals. The project is located in the state of Nayarit, is road accessible and covers an area hydrothermal alteration and epithermal veining prospective for gold and silver.

Past work includes surface mapping, sampling and geophysics.

Victoria

Gold / Silver | Puebla State, Mexico

Victoria is 100% Almadex-owned and acquired by staking. The claim covers an area of clay alteration silicification and veining developed in volcanic and carbonate rocks. The alteration is interpreted to represent a low-sulphidation vein system. There are numerous historic pits and shallow workings. Past work includes mapping, rock, soil and stream sediment sampling, geophysics.

San Carlos

Gold / Copper | Tamaulipas State, Mexico

The 100% Almadex-owned San Carlos Project is comprised of one claim covering ~20 hectares. The claim is located in Tamaulipas State and is road accessible, about three hours south of Monterrey City.

Previous work on the project has defined a large intrusion hosted copper-gold porphyry system associated with peripheral base and precious metal skarn mineralisation developed in carbonate country rocks to the intrusive complex. Past work included surface sampling, geophysics and drilling.

San Pedro

The San Pedro project is 100% owned by Almadex Minerals and is located in Jalisco State, Mexico. It is accessed from Guadalajara (the capital city of Jalisco) 115 km along a paved highway. The project is prospective for epithermal style gold and silver deposits.

Past work includes surface sampling, geophysics and drilling.

Viky Project

Gold / Silver | Coahuila State, Mexico

The Viky project is located in Coahuila State and is owned 100% by Almadex. The road accessible claims cover an area of silver-lead-zinc mineralization and silicification hosted in carbonate rocks and interpreted to represent the distal part of a carbonate replacement deposit, a common style of mineralization in northern Mexico.

Past work included surface sampling, geophysics and drilling.

Yago (Gallo de Oro)

The Yago project is 100% owned by Almadex Minerals and is located in Nayarit State, Mexico. The claims are located approximately 50 km from the state capital Tepic and feature excellent infrastructure including paved highways and electrical transmission lines.

The project is prospective for epithermal style gold and silver deposits. Past work includes surface sampling, geophysics and drilling.