Almaden Intersects 3.16 m of 45.2 g/t at the Elk Project, B.C.
17 Gennaio 2008 - 11:40PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: AMM)(AMEX: AAU) carried out a
diamond drill program on its wholly owned Elk Gold Deposit. The
program consisted of 2,469 meters of drilling in 9 holes (SND07504
to SND07512). Hole SND07506 intersected 1.06 meters grading 131
grams per tonne gold (3.82 ounces per ton) within an interval of
3.16 meters (from 191.00 to 194.16 meters) grading 45.2 grams per
tonne gold (1.32 ounces per ton). Highlights of the 2007 program
are tabularised below.
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Hole From (m) To (m) Interval (m) Gold (g/t) Gold (opt)
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SND07504 36.27 36.63 0.36 2.80 0.08
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SND07505 151.65 152.23 0.58 14.60 0.43
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SND07506 191.00 194.16 3.16 45.20 1.32
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Including 192.10 193.16 1.06 131.00 3.82
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SND0707 207.60 207.98 0.38 3.80 0.11
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SND0708 157.16 159.66 2.50 10.30 0.30
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Including 158.01 158.66 0.65 39.30 1.15
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SND0708 399.51 402.01 2.50 26.20 0.76
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Including 400.40 401.12 0.72 90.00 2.63
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SND07509 31.70 31.98 0.28 30.30 0.88
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SND07509 42.66 42.88 0.22 28.10 0.82
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SND07509 212.29 214.40 2.11 22.50 0.66
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SND07509 219.69 220.76 1.07 8.40 0.25
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SND07510 218.95 219.36 0.41 38.60 1.13
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SND07511 143.28 143.57 0.29 15.10 0.44
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SND07511 178.70 179.22 0.52 27.70 0.81
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SND07512 52.84 53.14 0.30 9.42 0.27
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Note: m signifies meters; g/t signifies grams per tonne, opt ounces per
ton.
True widths are not known at this time.
The Elk Gold deposit is located two kilometres south of Highway
97C and 45 kilometres southeast of Merritt in the Okanagan area of
Southern British Columbia. The property is known for its very high
gold grades and in the 1990's, 51,750 ounces of gold were produced
from 18,400 tons of quartz vein ore extracted from open pit and
underground operations.
J. D. Poliquin, Chairman of Almaden stated: "The Elk gold
deposit represents a growing gold resource that can add significant
value to our company apart from that created through our generative
exploration efforts, particularly in light of the recent increase
in gold's valuation with respect to fiat currencies. Almaden's
management is excited about the project and will continue to move
it towards production."
The qualified person and supervisor for the 2007 exploration
drill program is Mr. Jim Hylands, Ph.D., P. Eng., an independent
consultant. Mr. Hylands has reviewed the contents of this news
release. Samples were analyzed at G & T Metallurgical Services
Ltd., of Kamloops, B.C. and Acme Analytical Laboratories using
industry standard fire assay and ICP techniques. G & T
Metallurgical Services Ltd. is an ISO 17025:2000 accredited
laboratory. Blanks and standards were inserted into the sample
stream as part of Almaden's ongoing quality control program at the
Elk Deposit.
Samples collected during 2007 will undergo further testing to
determine metallurgical recovery parameters which may be used in
further studies being considered by Almaden.
ON BEHALF OF THE BOARD OF DIRECTORS
Morgan J. Poliquin, President
Statements contained in this news release that are not
historical facts are forward looking statements as that term is
defined in the private securities litigation reform act of 1995.
Such forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ materially
from estimated results. Such risks and uncertainties are detailed
in the Company's filing with the Securities and Exchange
Commission.
The Toronto Stock Exchange and American Stock Exchanges have not
reviewed nor accepted responsibility for the adequacy or accuracy
of the contents of this news release which has been prepared by
management.
Contacts: Almaden Minerals Ltd. Morgan J. Poliquin President
(604) 689-7644 (604) 689-7645 (FAX) Website:
www.almadenminerals.com
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