Recent drilling and geophysical surveys strengthen the potential of the New Hope project as exploration advances in Arizona
Vancouver, British Columbia, 1 July 2026 – Almadex Minerals has announced encouraging exploration results from its New Hope copper project in Arizona, reporting the intersection of copper mineralisation and the expansion of a significant induced polarization, or IP, geophysical anomaly. The latest findings provide additional evidence that the project could host a larger copper system than previously understood and will guide the company’s future exploration activities.
The recent drilling program identified zones of copper mineralisation in areas that had not been fully explored before. While further drilling and analysis are required to determine the full size and economic potential of the deposit, the results indicate that the geological system continues beyond the current drill locations. This expands the company’s understanding of the project and highlights new targets for future exploration.
An important part of the update is the expansion of the IP anomaly. Induced polarization is a geophysical technique widely used in mineral exploration to detect rocks that may contain sulphide minerals associated with copper deposits. A larger anomaly suggests that additional mineralised zones could exist beneath the surface, making the project increasingly attractive for continued exploration.
The New Hope project is located in Arizona, a region known for its world class copper resources and well established mining industry. The area’s favorable geology, combined with modern exploration technologies, provides companies with opportunities to identify new mineral resources that could support future mining operations.
Almadex is continuing to combine drilling, geological mapping, geophysical surveys, and geochemical analysis to better understand the project’s mineral potential. Using multiple exploration techniques allows geologists to build a clearer picture of underground structures and prioritize the most promising drilling targets. This data driven approach improves exploration efficiency while reducing uncertainty during the early stages of project development.
The growing demand for copper is encouraging mining companies to accelerate exploration programs around the world. Copper plays a vital role in electric vehicles, renewable energy systems, power transmission, construction, and advanced manufacturing. As industries continue their transition toward electrification and cleaner technologies, identifying new copper resources has become increasingly important to support future supply needs.
The latest exploration update demonstrates Almadex’s continued progress in advancing the New Hope project. Although additional drilling and technical evaluation are needed before determining the project’s long term potential, the recent results strengthen confidence in the exploration program and reinforce the importance of modern geological techniques in discovering the next generation of copper resources.
