Almadex Minerals Ltd. is currently conducting the region’s largest mineral exploration program. They are looking for porphyry lithocap alteration systems to discover buried porphyry and epithermal mineralization in the western U.S. Aside from this previously announced move, the company is otherwise taking a hard look at its portfolio of Canadian zinc-silver assets, including the Logan Project. In addition, Almadex retains a 2% Net Smelter Royalty (NSR) on Tim. This site is one of the most actively explored, high-grade Carbonate Replacement Deposit (CRD) systems that Coeur is advancing.

Coeur is all in on Tim Coeur has spent about $1.6 million on Tim so far, including a six-hole, 2,250-meter drill program completed in early 2024. Taken together with the exploration success and investment by Coeur, this development further demonstrates the potential for Tim to develop into a major silver-lead-zinc asset.

That said, this article will explore more in-depth Coeur’s 2023 exploration success at Tim. It will touch on Almadex’s royalty interest and the bigger picture for silver-zinc assets.

Coeur’s 2024 drill program at Tim was started with a $1.6 million investment. This ambitious program included an extensive geophysical survey, detailed geochemical sampling across the property, re-examination of trenches, and a six-hole, 2,250 meter drill program. The 2024 program at Tim made a great drill pick. It returned 3.39 meters angular contact host rock with 52.8 g/t silver, 0.28 g/t gold, 0.11% lead and 0.27% zinc.

These drill results indicate near perfect continuity of mineralization over a wide strike length and to depth. There is good potential for resource growth horizontally and underneath the existing pit shell.

In Tim, we completed chip sampling across two trenches spaced 150 meters apart. The grades were spectacular that returned 4.0 meters grading an average of 468.1 g/t silver, 21.1% lead and 0.3% zinc. The most recent chip sampling at Tim returned results of 8.8 meters averaging 265.0 g/t Ag, 6.7% Pb, and 0.9% Zn. The 2024 drill program by Coeur provided confirmation of the presence of a CRD style system at Tim.

Silver North spread the good word … Recent geological development by Coeur indicates that Tim has the potential to host a significant CRD system, similar to Silvertip. Coeur is in the middle of turning Tim into an emerging silver-rich CRD district anchored by Silvertip. A careful leadership of the 2025 follow-up program at Tim is now in progress.

Almadex Minerals Ltd. has a 2% NSR royalty exposure to Tim. As Coeur advances the project, the company’s royalty interest offers plenty of upside Coeur investors aren’t paying for.

"Our 2% NSR on the Tim property is an important royalty in an area that Coeur is actively developing into an emerging silver-rich CRD district anchored by Silvertip. Coeur’s exploration and investment signal the potential for Tim to evolve into a significant silver-lead-zinc asset, enhancing the long-term value of our royalty portfolio." - Morgan Poliquin

Coeur's exploration and investment signal the potential for Tim to evolve into a significant silver-lead-zinc asset, enhancing the long-term value of Almadex's royalty portfolio. Coeur’s recent resampling of historic trenches at Tim has returned highly positive results. This suggests considerable potential for expansion both at depth and along strike.

Almadex is considering the divestiture of its Canadian zinc-silver assets, which include the Logan Project. Logan provides a significant and largely untapped resource of critical minerals in a mining-friendly jurisdiction.

"Logan represents a meaningful resource of critical minerals in a mining-friendly jurisdiction. Currently Almadex is focussed on a large regional exploration program targeting porphyry lithocap alteration systems for hidden porphyry and epithermal mineralisation in the western United States, but the Logan Zinc-Silver deposit is an important asset to the Company. With its size, grade, and infrastructure access, Logan is an excellent foundation for advancing discussions and potential technical work as we continue to assess our portfolio of assets. As our exploration primary focus is in the USA at this time, we will seek a suitable and qualified partner to advance this exciting project which could fill a role in supporting the global need for critical minerals." - Morgan Poliquin

Logan is the perfect place to deepen these conversations. It creates new opportunities for possible future technical work, as Almadex continues to assess its portfolio of assets. The company is currently seeking the right partner for this endeavor. Together, they will build this ambitious project and become a critical part of making sure the world has what it needs.