Almaden Minerals Ltd.: New Mexican Property, Exploration Program Commences
20 Febbraio 2008 - 11:19PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (AMEX: AAU) ("Almaden", "the
Company") is pleased to announce that it has acquired a 100%
interest by staking in the Caldera project, located as a result of
the Company's ongoing regional exploration program. The Caldera
property is located in Puebla State less than 150 kilometers from
the Company's Caballo Blanco project. Hydrothermal alteration
typical of high sulphidation epithermal gold-silver environments,
including vuggy silica and extensive areas of acid-sulphate
alteration, has been identified at the Caldera prospect. This
alteration is comparable to that known at Almaden's Caballo Blanco
high-sulphidation gold-silver-copper project in Veracruz State
which has been optioned to Canadian Gold Hunter Ltd., a Lundin
Group Company (see Almaden news release of April 17, 2007). J. D.
Poliquin, chairman and CEO of Almaden commented: "It is extremely
exciting to see concepts turn into new projects. This new property
has the potential to develop into a Caballo Blanco-type gold
project. We look forward to assessing its potential and developing
it over the coming months."
Almaden has initiated an exploration program on the Caldera
prospect including geologic and alteration mapping, rock, soil and
stream sediment geochemical sampling and IP geophysical
surveys.
Morgan Poliquin, P.Eng. the president COO and a director of
Almaden and a qualified person under the meaning of National
Instrument 43-101 reviewed the technical information in this news
release.
About Almaden
Almaden is a mineral exploration and development company with a
track record of making new discoveries in Canada and Mexico.
Almaden currently has an interest in 22 properties that are under
active exploration by other companies. Almaden will continue with
its successful business model of identifying new projects through
grass roots exploration and managing risk by forming joint ventures
with partner companies which then carry the cost of exploring and
developing our projects. Almaden's grass roots exploration programs
are designed to identify new mineral exploration projects in
mineral terrains geologically permissive for world-class ore
deposits. Almaden is seeking partners with the suitable business
and geological resources to explore and assess the potential of
these projects through drilling.
On Behalf of the Board of Directors
Morgan J. Poliquin, M.Sc., P.Eng., 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, M.Sc.,
P.Eng. President (604) 689-7644 (604) 689-7645 (FAX) Website:
www.almadenminerals.com
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