Almaden Updates U.S. Exploration
08 Settembre 2008 - 10:23PM
Marketwired
In 2007 Almaden Minerals Ltd. (TSX: AMM)(AMEX: AAU) ("Almaden")
initiated a regional exploration program in Nevada. This work
resulted in the acquisition by staking of several new projects
where high sulphidation epithermal gold-silver mineralization and
alteration occur including the Willow Project located in Douglas
and Lyon Counties (see Almaden news release of August 30, 2007).
Almaden has received results for a work program on the Willow
project completed in the spring of 2008. The work consisted of
geologic and alteration mapping, rock sampling, soil sampling and
stream sediment sampling. Geologic and alteration mapping outlined
a roughly 2 by 2 kilometer area of intense hydrothermal alteration
characterised by minerals and features typical of high sulphidation
epithermal systems including silicification and brecciation,
alunite, kaolinite and dickite. In this area 174 rock samples have
been taken with results ranging from .005 to 0.29 g/t gold. Soil
sampling was conducted on a 200 by 50 meter grid. The 1,297 soil
samples collected returned gold values from below detection up to
1.2 g/t gold and averaging .024 g/t gold (24 ppb gold). Several
significant areas of greater than 0.1 g/t gold were outlined in
this soil sampling program. Stream sediment samples were also taken
and returned values from 0.002 g/t gold to a high of 3.4 g/t gold
and averaging 0.041 g/t gold (41 ppb). These geochemical results
are considered extremely important, and with the hydrothermal
alteration, are interpreted to be indicative with top of a well
mineralised high sulphidation gold system.
Almaden is planning further work on the Willow and its other US
projects in the autumn of 2008. At Willow IP geophysics and further
mapping and sampling will be undertaken to identify drill
targets.
Morgan J. Poliquin, President and COO of Almaden and a qualified
person under the meaning of National Instrument 43-101 has reviewed
the technical information in this news release. Samples were
analysed at ALS Chemex labs of North Vancouver using industry
standard fire assay, agua regia and ICP methodologies.
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 23 properties that are under
active exploration. 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, COO and
Director
Almaden Minerals Ltd.
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, COO and Director (604) 689-7644 (604) 689-7645
(FAX) Website: www.almadenminerals.com
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