Almadex (TSXV: DEX) Has High-Grade Zinc/Silver Resource in Yukon
Back in 1979, Almadex Minerals (TSXV: DEX)'s predecessor company made a major high-grade zinc/silver discovery in the Yukon named Logan.
DEX's predecessor company allowed Yukon Zinc Corporation to earn a 60% stake by funding all of the drilling on the property. Last year, DEX acquired the 60% of Logan it didn't own through Yukon Zinc's bankruptcy receivership for pennies on the dollar.
DEX now owns 100% of Logan. Earlier this year, DEX established a high-grade 43-101 resource at Logan:
DEX's 100% owned Logan Project contains an indicated resource of 2,620,000 tonnes grading 5.1% zinc and 23.1 g/t silver for 294 million lbs of zinc and 1.94 million oz of silver. Logan also contains an inferred resource of 16,930,000 tonnes grading 4.3% zinc and 18.2 g/t silver for 1.622 billion lbs of zinc and 9.98 million oz of silver.
When resampling Logan's drill core last year, DEX discovered that all of the drill core samples assayed contained indium. Since making this important discovery, indium has exploded in price and is approaching all-time highs.
Currently, DEX is receiving less than zero value for its Logan Project and its high-grade zinc/silver resource!
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