Almaden Plans Diamond Drill Program at ATW Diamond Property
04 Febbraio 2009 - 9:01PM
Marketwired
Almaden Minerals Ltd. ("Almaden") (TSX: AMM)(NYSE Alternext US:
AAU) has received the results of a comprehensive reinterpretation
of past magnetic, electromagnetic/resistivity and gravity survey
data. The reinterpretation was undertaken by Petra Geophysical
Consulting Inc. (Petra) on geophysical surveys previously completed
at Almaden's 58.8% 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, the
Mountain Province/De Beers Gacho Kue Project is about 72 kilometres
southeast, and Peregrine Diamonds Ltd.'s DO-27 Kimberlite lies 20
kilometres to the northeast. Petra's analysis in conjunction with
the Spring 2008 sonic drilling results forms part of a recent
reinterpretation of extensive geophysical and geochemical data that
has identified numerous high-quality targets. Drill testing is
planned for at least seven of these targets during the coming
months.
The seven priority geophysical targets lie within an
approximately 2 kilometre by 800 metre area of interest at the
up-ice terminus of a 20 kilometre long kimberlite indicator mineral
(KIM) dispersion train. The two highest priority targets occur as
isolated magnetic high anomalies which are situated at the head of
the dispersion train, and define the approximate width of the
dispersion train's head. A third high-priority linear magnetic high
with modeled dimensions of 10 metres wide by 1 kilometre long
separates the first two anomalies and may represent a kimberlite
dyke. The row of sonic drill holes located immediately up-ice of
these targets does not contain KIMs and this apparent KIM cutoff
suggests that a proximal source or sources may be present. The
results of a previously released (see Almaden News Release: October
22, 2008) Mineral Composition and Surface Texture Study conducted
by Mineral Services Canada Inc. (MSC) on mineral grains recovered
during the 2003 and 2008 sonic drilling has determined that there
could be as many as five distinct kimberlite sources contributing
KIM's to the area of interest; including at least three sources
that show the potential to contain diamonds of peridotitic or
eclogitic origin. J.D. Poliquin, Chairman of Almaden, commented,
"The coincidence of high-priority geophysical targets and till
samples returning diamond associated peridotitic and eclogitic
indicator mineral compositions greatly increases our confidence as
we proceed to drill testing." Almaden has planned a Spring 2009
exploration program at the ATW Property consisting of ground
geophysical surveys, diamond drilling of at least seven high
priority geophysical targets and further Sonic overburden drilling
if warranted.
Since 1992, when the property was acquired through staking,
Almaden, along with former and present partners and optionees, have
traced a 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 from the lake bottom. This work has
narrowed the search area to the presently defined 2 kilometer by
800 metre area of interest under Mackay Lake. Based on bathymetry
and sonic drilling done by the Company, water depths for these
holes will average approximately 15 metres.
Kristopher J. Raffle, P.Geo., APEX Geoscience Ltd., is a
qualified person as defined by National Instrument 43-101 and is
responsible for the preparation and approval of the technical
information disclosed in the 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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