Almaden Announces Results of Winter Drill Program at ATW Diamond Property
08 Aprile 2009 - 10:26PM
Marketwired
Almaden Minerals Ltd. ("Almaden") (TSX: AMM)(NYSE Alternext US:
AAU)(NYSE Amex: AAU.A) has received the results of the winter 2009
diamond drill program at the ATW Diamond Property. 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.
During winter 2009 exploration at the ATW Diamond Property nine
(9) diamond drill holes totaling 694 metres were completed. The
drill holes were designed to test a series of priority magnetic and
weak electromagnetic (conductive) geophysical anomalies located at
the up-ice terminus of a 20 kilometres long kimberlite indicator
mineral (KIM) dispersion train (see Almaden News Release: February
4, 2009). Drill testing of six (6) isolated magnetic high anomalies
resulted in the intersection of weakly magnetic pyrrhotite bearing
metamorphosed sedimentary rocks. The magnetic susceptibility of
these rocks was sufficient to explain the observed geophysical
signatures. A single linear magnetic anomaly was also drill tested.
The anomaly was found to correspond with a region of locally thick
overburden cover interpreted to contain an increased proportion of
magnetic minerals. The remaining two (2) drill holes tested subtle
conductive anomalies and did not intersect kimberlite.
2009 drill testing of geophysical anomalies at the ATW Diamond
Property did not locate the kimberlite source(s) of a compelling
KIM dispersion train. The dispersion train has been traced "up ice"
and easterly under Mackay Lake over several campaigns by Almaden
and partners. Future exploration will include an examination of KIM
grain morphology and the completion of additional sonic overburden
drilling, gravity geophysical and bathymetric surveys if warranted,
in an effort to further refine the "up ice" terminus of the KIM
dispersion train and locate the KIM source or sources.
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
Duane Poliquin, CEO
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 Amex 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. Duane Poliquin CEO (604)
689-7644 (604) 689-7645 (FAX) Website: www.almadenminerals.com
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