Almaden Minerals Ltd.: Encouraging Results Received from the ATW Diamond Property
22 Ottobre 2008 - 8:19PM
Marketwired
Almaden Minerals Ltd. ("Almaden") (TSX: AMM)(NYSE-A: AAU) has
received results from a Mineral Composition and Surface Texture
Study conducted by Mineral Services Canada Inc. (MSC) on mineral
grains recovered in 2003 and 2008 from Almaden's 57.7% owned ATW
diamond property located at Mackay Lake, NWT. The ATW project is
located proximal to a number of active diamond projects: The Diavik
Mine lies about 29 kilometres north, the Snap Lake Project is about
68 kilometres southwest, and Mountain Province's property is about
72 kilometres southeast. MSC's analysis suggests that there could
be as many as five distinct kimberlite sources contributing
minerals to the Mackay Lake indicator mineral train. The mineral
abundance and composition and surface texture data further suggest
that these sources may lie within the currently defined mineral
train, which extends over an area of approximately 3.5 kilometres
by 1.5 kilometres. Three of these sources show the potential to
contain diamonds of peridotitic or eclogitic origin. The
identification of rare eclogitic garnets with diamond association
compositions in this work is encouraging as diamondiferous eclogite
can be a significant contributor to the economic potential of
kimberlites. J. D. Poliquin, Chairman of Almaden commented, "We are
very pleased that these further geochemical results indicate the
presence of multiple potential kimberlite sources for the ATW
indicator mineral train and specifically the presence of eclogitic
material with compositions suggestive of an association with
diamond. We look forward to initiating a diamond drill program to
test these targets in early 2009."
Since 1992, when the property was acquired through staking,
Almaden, along with former and present partners and optionees, have
traced a kimberlite indicator mineral (KIM) plume in glacial till
roughly 20 kilometres "up ice" and easterly under Mackay Lake. Over
several campaigns, Almaden and partners have followed this plume
further up-ice using sonic drilling to obtain till samples. This
work has narrowed the search area to the presently defined 2
kilometer by 800 meter area of interest under Mackay Lake. Past
electron microprobe analyses of KIMs from the Mackay Lake project
found a significant proportion of high interest G10 garnets,
however, in 2008 MSC was retained to do a more comprehensive
analysis of the KIMs in an attempt to refine the target areas for
future exploration.
Almaden considers these latest results to be very encouraging.
In particular the work identified the presence of eclogite sourced
material which is considered extremely important for diamond
potential. Almaden has initiated an analysis of past geophysical
surveys in order to better define the target areas for diamond
drilling. It is anticipated that this will enable the Company to
choose diamond drill targets from several subtle magnetic,
electromagnetic/resistivity and gravity anomalies in the grid area.
At present permitting is underway to enable a diamond drilling
program to be carried out this winter field season. Morgan J.
Poliquin, M.Sc., P.Eng., a qualified person under the meaning of NI
43-101 and the president, COO and director of Almaden reviewed this
news release.
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 NYSE Alternext US 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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