Almaden Files 43-101 Technical Report for the Tuligtic Project, Mexico
15 März 2013 - 9:43PM
Marketwired
Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
MKT:AAU) is pleased to announce the completion and filing of the
National Instrument 43-101 Independent Technical Report for the
Company's Tuligtic Gold-Silver Project, Mexico, referred to in the
Company's News Release dated January 31st, 2013. The Independent
Technical Report was prepared following the guidelines of the
Canadian Securities Administrators National Instrument 43-101 ("NI
43-101") and Form 43-101F1 and was authored by Kris Raffle, P.Geo.
of APEX Geoscience Ltd., Gary Giroux, M.A.Sc., P.Eng. of Giroux
Consultants Ltd. and Dr. Andrew Bamber, P.Eng. of BC Mining
Research Ltd., all of whom are Qualified Persons as defined by NI
43-101. The report is filed on SEDAR and can be viewed on the SEDAR
website, www.sedar.com, and Almaden's website,
www.almadenminerals.com.
About Almaden
Almaden is a well-financed (cash, gold inventory and equity
investments totalling approximately $31 MM as of January 15, 2012)
mineral exploration company working in North America. The company
has assembled mineral exploration projects, including the Ixtaca
Zone and the Tuligtic project, through its grass roots exploration
efforts. While the properties are largely at early stages of
development they represent exciting opportunities for the discovery
of significant gold, silver and copper deposits as evidenced at
Ixtaca. Almaden's business model is to find and acquire mineral
properties and develop them by seeking option agreements with
others who can acquire an interest in a project by making payments
and exploration expenditures. Through this means the company has
been able to expose its shareholders to discovery and capital gain
without the funding and consequent share dilution that would be
required if the company were to have developed these projects
without a partner. The company intends to expand this business
model, described by some as prospect generation, by more
aggressively exploring several of its projects including the Ixtaca
Zone.
Cautionary Note concerning estimates of Indicated and Inferred
Mineral Resources:
This news release uses terms that comply with reporting
standards in Canada and certain estimates are made in accordance
with Canadian National Instrument NI 43-101 ("NI 43 101"). NI 43
101 is a rule developed by the Canadian Securities Administrators
that establishes Canadian standards for all public disclosure an
issuer makes of scientific and technical information concerning
mineral projects. These standards differ significantly from the
requirements of the U.S. Securities and Exchange Commission
("SEC"), and mineral resource information contained herein may not
be comparable to similar information disclosed by United States
companies.
This news release uses the terms "indicated mineral resources"
and "inferred mineral resources" to comply with reporting standards
in Canada. We advise United States investors that while such terms
are recognized and required by Canadian regulations, the SEC does
not recognize them. United States investors are cautioned not to
assume that any part or all of the mineral deposits in such
categories will ever be converted into mineral reserves under SEC
definitions. These terms have a great amount of uncertainty as to
their existence, and great uncertainty as to their economic and
legal feasibility. Therefore, United States investors are also
cautioned not to assume that all or any part of the "indicated
mineral resources" or "inferred mineral resources" exist. In
accordance with Canadian rules, estimates of "inferred mineral
resources" cannot form the basis of feasibility or other economic
studies.
It cannot be assumed that all or any part of the "indicated
mineral resources" or "inferred mineral resources" will ever be
upgraded to a higher category.
On Behalf of the Board of Directors
Morgan J. Poliquin, Ph.D., P.Eng., President, CEO and
Director
Almaden Minerals Ltd.
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and Canadian securities
laws. Such forward-looking statements, including but not limited
to, those with respect to potential expansion of mineralization,
potential size of mineralized zone, and size and timing of
exploration and development programs, estimated project capital and
other project costs and the timing of submission and receipt and
availability of regulatory approvals involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievement of Almaden to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors include, among others, risks related to international
operations and joint ventures, the actual results of current
exploration activities, conclusions of economic evaluations,
uncertainty in the estimation of mineral resources, changes in
project parameters as plans continue to be refined, environmental
risks and hazards, increased infrastructure and/or operating costs,
labour and employment matters, and government regulation and
permitting requirements as well as those factors discussed in the
section entitled "Risk Factors" in Almaden's Annual Information
form and Almaden's latest Form 20-F on file with the United States
Securities and Exchange Commission in Washington, D.C. Although
Almaden has attempted to identify important factors that could
cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Almaden
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, other than as required pursuant to
applicable securities laws. Accordingly, readers should not place
undue reliance on forward-looking statements.
Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT have
reviewed or accepted responsibility for the adequacy or accuracy of
the contents of this news release which has been prepared by
management.
Contacts: Almaden Minerals Ltd. 604.689.7644 604.689.7645 (FAX)
www.almadenminerals.com
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