Almaden Hits 21.50 Meters of 2.2 g/t AuEq at Ixtaca, Mexico
25 Juli 2013 - 3:00PM
Marketwired
Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
MKT:AAU) is pleased to announce the results from Almaden's ongoing
2013 Ixtaca Zone drill program at the Company's 100% owned Tuligtic
project, Mexico. The 2013 drill program is focussed on expanding
the known resource immediately along strike to known
mineralisation, adjacent to the current resource shell and within
what is considered a potential pit shell. Highlights from the holes
released today include the following intercepts (a more complete
list of intercepts is shown in the table below):
Hole TU-13-265 CHEMALACO ZONE
43.40 meters @ 0.50 g/t gold and 9.2 g/t silver (0.7 g/t gold equivalent)
Including 6.60 meters @ 2.15 g/t gold and 11.6 g/t silver (2.4 g/t gold
equivalent)
Hole TU-13-268 CHEMALACO ZONE
12.50 meters @ 0.56 g/t gold and 91.4 g/t silver (2.4 g/t gold equivalent)
Hole TU-13-269 EASTERN VOLCANICLASTICS
33.50 meters @ 0.83 g/t gold and 2.4 g/t silver (0.9 g/t gold equivalent)
Hole TU-13-272 CHEMALACO ZONE
9.50 meters @ 0.41 g/t gold and 114.0 g/t silver (2.7 g/t gold equivalent)
Hole TU-13-278 CHEMALACO ZONE
33.00 meters @ 0.83 g/t gold and 37.3 g/t silver (1.6 g/t gold equivalent)
Hole TU-13-279 CHEMALACO ZONE
14.62 meters @ 1.15 g/t gold and 54.9 g/t silver (2.2 g/t gold equivalent)
Hole TU-13-281 CHEMALACO ZONE
119.50 meters @ 0.57 g/t gold and 24.0 g/t silver (1.0 g/t gold
equivalent)
Including 21.50 meters @ 1.13 g/t gold and 54.7 g/t silver (2.2 g/t gold
equivalent)
A plan map and relevant sections, which will be posted to the
Company's website (www.almadenminerals.com), can be seen here:
http://media3.marketwire.com/docs/almaden-0725-maps.pdf.
About the Ixtaca Property
The 100% owned Ixtaca zone is a blind discovery made by the
Company in 2010. The Main Ixtaca and Ixtaca North Zones of veining
are interpreted to have a north-easterly trend. Holes to date
suggest that the Main Ixtaca and Ixtaca North Zones are sub
vertical with local variations. This interpretation suggests that
true widths range from approximately 35% of intersected widths for
a -70 degree hole to 94% of intersected widths for a -20 degree
hole. The drilling completed to date has traced mineralisation over
1,000 meters along this northeast trend. Based upon observations at
surface and of core as drilling progresses, there seems to be a
variety of veinlet orientations within the Chemalaco Zone however
overall the zone is currently interpreted to be dipping to the west
and striking roughly north-south.
----------------------------------------------------------------------------
Interval Au Ag AuEq AgEq
Hole # From (m) To (m) (m) (g/t) (g/t) (g/t) (g/t) Section
----------------------------------------------------------------------------
TU-13-265 488.40 531.80 43.40 0.50 9.2 0.7 34 50050N
------------------------------------------------------------------
including 500.60 507.20 6.60 2.15 11.6 2.4 119
------------------------------------------------------------------
including 504.20 507.20 3.00 3.36 17.1 3.7 185
------------------------------------------------------------------
TU-13-265 539.00 545.00 6.00 0.07 22.2 0.5 26
------------------------------------------------------------------
TU-13-265 550.30 558.00 7.70 0.07 28.1 0.6 32
----------------------------------------------------------------------------
TU-13-267 28.00 44.50 16.50 0.22 2.7 0.3 14 10900E
------------------------------------------------------------------
TU-13-267 79.00 164.40 85.40 0.33 8.7 0.5 25
------------------------------------------------------------------
including 155.85 157.45 1.60 0.40 57.0 1.5 77
------------------------------------------------------------------
including 162.00 163.40 1.40 0.95 25.8 1.5 73
------------------------------------------------------------------
TU-13-267 175.65 185.95 10.30 0.45 5.8 0.6 28
------------------------------------------------------------------
TU-13-267 194.30 198.00 3.70 0.19 15.3 0.5 25
----------------------------------------------------------------------------
TU-13-268 41.30 56.25 14.95 0.05 11.5 0.3 14 50050N
------------------------------------------------------------------
TU-13-268 61.25 120.50 59.25 0.11 41.1 0.9 47
------------------------------------------------------------------
including 74.90 79.75 4.85 0.25 126.9 2.8 140
------------------------------------------------------------------
including 103.00 106.00 3.00 0.23 81.2 1.9 93
------------------------------------------------------------------
TU-13-268 133.00 138.00 5.00 0.03 22.3 0.5 24
------------------------------------------------------------------
TU-13-268 151.50 208.00 56.50 0.36 42.0 1.2 60
------------------------------------------------------------------
including 166.00 178.50 12.50 0.56 91.4 2.4 119
------------------------------------------------------------------
including 166.00 167.50 1.50 0.74 223.7 5.2 261
------------------------------------------------------------------
including 192.00 199.50 7.50 0.75 51.6 1.8 89
------------------------------------------------------------------
TU-13-268 222.75 239.00 16.25 0.08 14.6 0.4 19
----------------------------------------------------------------------------
TU-13-269 87.50 121.00 33.50 0.83 2.4 0.9 44 10900E
------------------------------------------------------------------
including 93.50 102.00 8.50 1.34 1.9 1.4 69
------------------------------------------------------------------
including 107.00 110.50 3.50 1.13 2.5 1.2 59
------------------------------------------------------------------
TU-13-269 131.00 147.00 16.00 0.32 4.5 0.4 20
----------------------------------------------------------------------------
TU-13-271 87.00 121.50 34.50 0.19 4.5 0.3 14 10900E
------------------------------------------------------------------
TU-13-271 136.00 217.00 81.00 0.34 6.4 0.5 23
------------------------------------------------------------------
including 203.00 207.60 4.60 1.53 34.4 2.2 111
----------------------------------------------------------------------------
TU-13-272 48.00 138.50 90.50 0.20 31.4 0.8 42 50050N
------------------------------------------------------------------
including 66.05 70.20 4.15 0.44 49.5 1.4 72
------------------------------------------------------------------
including 77.50 84.80 7.30 0.29 71.1 1.7 86
------------------------------------------------------------------
including 112.75 119.75 7.00 0.43 40.1 1.2 62
------------------------------------------------------------------
including 129.00 138.50 9.50 0.41 114.0 2.7 134
------------------------------------------------------------------
TU-13-272 146.00 161.00 15.00 0.22 47.1 1.2 58
------------------------------------------------------------------
including 147.00 148.50 1.50 0.65 252.7 5.7 285
------------------------------------------------------------------
TU-13-272 187.00 193.50 6.50 0.11 11.5 0.3 17
------------------------------------------------------------------
TU-13-272 220.00 231.00 11.00 0.14 9.5 0.3 16
----------------------------------------------------------------------------
TU-13-273 75.59 84.50 8.91 0.18 5.4 0.3 14 10900E
------------------------------------------------------------------
TU-13-273 93.50 153.00 59.50 0.32 3.7 0.4 20
----------------------------------------------------------------------------
TU-13-275 68.50 84.00 15.50 0.15 10.6 0.4 18 50050N
------------------------------------------------------------------
TU-13-275 105.00 112.00 7.00 0.11 15.8 0.4 21
------------------------------------------------------------------
TU-13-275 120.00 134.50 14.50 0.18 6.2 0.3 15
------------------------------------------------------------------
TU-13-275 149.00 227.00 78.00 0.39 23.8 0.9 44
------------------------------------------------------------------
including 164.50 193.50 29.00 0.43 43.3 1.3 65
------------------------------------------------------------------
TU-13-275 254.00 258.00 4.00 0.01 13.5 0.3 14
----------------------------------------------------------------------------
TU-13-276 120.50 128.50 8.00 0.07 8.1 0.2 12 50100N
------------------------------------------------------------------
TU-13-276 155.50 200.70 45.20 0.23 17.0 0.6 29
------------------------------------------------------------------
including 172.25 175.25 3.00 0.76 43.4 1.6 82
------------------------------------------------------------------
including 191.50 194.75 3.25 0.26 81.9 1.9 95
----------------------------------------------------------------------------
TU-13-277 63.00 77.00 14.00 0.17 1.7 0.2 10 49525N
----------------------------------------------------------------------------
TU-13-278 53.00 122.50 69.50 0.53 21.9 1.0 49 49925N
------------------------------------------------------------------
including 71.00 104.00 33.00 0.83 37.3 1.6 79
------------------------------------------------------------------
including 71.00 81.00 10.00 1.19 56.7 2.3 116
------------------------------------------------------------------
TU-13-278 162.00 167.00 5.00 0.10 10.6 0.3 15
----------------------------------------------------------------------------
TU-13-279 98.00 107.00 9.00 0.08 11.6 0.3 16 50100N
------------------------------------------------------------------
TU-13-279 122.50 145.50 23.00 0.30 15.2 0.6 30
------------------------------------------------------------------
TU-13-279 161.00 191.41 30.41 0.73 33.1 1.4 70
------------------------------------------------------------------
including 170.70 185.32 14.62 1.15 54.9 2.2 112
------------------------------------------------------------------
including 172.10 174.00 1.90 2.33 268.2 7.7 385
----------------------------------------------------------------------------
TU-13-280 53.40 122.00 68.60 0.45 13.7 0.7 36 49925N
------------------------------------------------------------------
including 68.50 82.50 14.00 1.21 39.4 2.0 100
----------------------------------------------------------------------------
TU-13-281 66.00 185.50 119.50 0.57 24.0 1.0 52 49925N
------------------------------------------------------------------
including 84.00 89.00 5.00 1.04 30.9 1.7 83
------------------------------------------------------------------
including 128.00 149.50 21.50 1.13 54.7 2.2 111
------------------------------------------------------------------
TU-13-281 197.50 209.70 12.20 0.42 49.8 1.4 71
------------------------------------------------------------------
including 200.00 201.75 1.75 1.26 177.6 4.8 240
----------------------------------------------------------------------------
TU-13-282 120.00 134.00 14.00 0.43 7.3 0.6 29 50100N
------------------------------------------------------------------
including 127.30 130.00 2.70 1.21 7.5 1.4 68
------------------------------------------------------------------
TU-13-282 141.00 200.00 59.00 0.23 19.9 0.6 32
------------------------------------------------------------------
including 160.00 164.30 4.30 0.44 97.2 2.4 119
------------------------------------------------------------------
including 195.00 198.00 3.00 0.91 17.2 1.2 63
----------------------------------------------------------------------------
TU-13-283 121.50 124.50 3.00 0.00 13.5 0.3 14 49925N
----------------------------------------------------------------------------
TU-13-284 90.70 100.00 9.30 0.03 21.7 0.5 23 50100N
------------------------------------------------------------------
TU-13-284 106.00 113.50 7.50 0.07 14.0 0.3 17
------------------------------------------------------------------
TU-13-284 140.00 152.45 12.45 0.25 24.9 0.7 38
------------------------------------------------------------------
including 149.50 151.00 1.50 0.21 104.3 2.3 115
------------------------------------------------------------------
TU-13-284 160.00 174.50 14.50 0.07 9.8 0.3 13
----------------------------------------------------------------------------
TU-13-286 117.00 128.00 11.00 0.04 16.2 0.4 18 49925N
------------------------------------------------------------------
TU-13-286 185.85 191.00 5.15 0.27 7.1 0.4 20
------------------------------------------------------------------
TU-13-286 201.50 209.70 8.20 0.13 6.5 0.3 13
----------------------------------------------------------------------------
Mr. Norm Dircks, P.Geo., a qualified person ("QP") under the
meaning of NI 43-101, is the QP and project manager of Almaden's
Ixtaca program and reviewed the technical information in this news
release. The analyses reported were carried out at ALS Chemex
Laboratories of North Vancouver using industry standard analytical
techniques. For gold, samples are first analysed by fire assay and
atomic absorption spectroscopy ("AAS"). Samples that return values
greater than 10 g/t gold using this technique are then re-analysed
by fire assay but with a gravimetric finish. Silver is first
analysed by Inductively Coupled Plasma - Atomic Emission
Spectroscopy ("ICP-AES"). Samples that return values greater than
100 g/t silver by ICP-AES are then re analysed by HF-HNO3-HCLO4
digestion with HCL leach and ICP-AES finish. Of these samples those
that return silver values greater than 1,500 g/t are further
analysed by fire assay with a gravimetric finish.
Blanks, field duplicates and certified standards were inserted
into the sample stream as part of Almaden's quality assurance and
control program which complies with National Instrument 43-101
requirements. Gold equivalent ("AuEq" or "Gold Eq.") and silver
equivalent ("AgEq" or "Silver Eq.") values were calculated using
silver to gold ratios of 50 to 1. The ratio of 50 to 1 was used for
the sake of consistency with past news releases. Intervals that
returned assays below detection were assigned zero values.
Metallurgical recoveries and net smelter returns are assumed to be
100% for these calculations.
About Almaden
Almaden is a well-financed 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.
On Behalf of the Board of Directors
Morgan J. Poliquin, Ph.D., P.Eng., President, CEO and
Director
Almaden Minerals Ltd.
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.. 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.
Contacts: Almaden Minerals Ltd. 604-689-7644 604-689-7645 (FAX)
www.almadenminerals.com
Almaden Minerals (TSX:AMM)
Historical Stock Chart
Von Aug 2024 bis Sep 2024
Almaden Minerals (TSX:AMM)
Historical Stock Chart
Von Sep 2023 bis Sep 2024