Almadex Minerals Limited announced that it has received complete assay results from hole EC-16-017, drilled from the same pad as the previously announced holes EC-16-010, 012, 013 and 016, but at an azimuth of 150 degrees and a dip of -55. In addition results from the bottom of Hole EC-16-016 have also been received. Hole EC-16-017, like the previous holes drilled from this pad, intersected significant mineralisation from the collar. With these new results the last of the 2016 Norte drill program, the Company interprets that a distal and high level portion of a porphyry system with significant gold values has been intersected. The current data suggests that the mineralisation trends to the south towards the undrilled high chargeability and magnetics target known as Villa Rica. Extending from the Norte Zone to the Villa Rica zone there is a roughly 2.5 kilometer long by 1 kilometer wide zone of high chargeability, high magnetics and high copper, gold and molybdenum in soil that has never been drill tested. The Norte Zone is located at the north end of a large area (roughly 5 by 4 kilometer in size) of intense hydrothermal alteration, high magnetics and chargeability geophysical responses as well as a broad zone of anomalous gold, copper and molybdenum in soils. The mineralisation in the Norte Zone encountered to date is interpreted to be lithologically controlled and hosted by country rocks distal to the core of a porphyry system which management believes is yet to have been intersected. Geophysical sections highlight that the intersections are in a high level feature connected to a large coincident Induced Polarisation “IP” chargeability and magnetic susceptibility high at depth.