Almaden Minerals Ltd.: New Bulk Tonnage Gold Target Identified at Matehuapil, Mexico
02 Giugno 2009 - 9:00PM
Marketwired
Almaden Minerals Ltd. (TSX: AMM)(NYSE Amex: AAU) ("Almaden") wishes
to provide an update of exploration progress on its Matehuapil
project located in Zacatecas and Coahuila States, Mexico. In May,
2009 Almaden received an annual progress report for work carried
out in 2008 from Minera de Cordilleras, S de RL de CV ("Minera") a
subsidiary of Golden Minerals Company (successor to Apex Silver
Mines Corporation) regarding work on the Matehuapil property in
Zacatecas, Mexico. Manuel Arragon-Arreola, Ph.D., was lead author
of the Minera report. Minera holds an option to acquire a 60%
interest in the Matehuapil project from Almaden. The 12,000 hectare
property is located roughly 48 kilometres east of Concepcion del
Oro, an historic copper-gold-lead-zinc-silver mining camp in
Northern Zacatecas State, 58 kilometres from Gold Corp.'s
Penasquito silver mine and 82 kilometres northeast of Canplats'
Camino Rojo Deposit. The Matehuapil project area is underlain by
geology similar to that of these deposits; carbonate dominated
sediments intruded by granitic rocks.
Work conducted by Minera consisted of geological reconnaissance,
detailed geological mapping, magnetometer and gradiometer (gravity)
surveys and sampling. There are seven known mineralized zones on
the property and, based on the completed work, the Minera report
recommended further work on three of these.
The El Rabioso zone is centered on an outcrop of altered
granitic rocks that is roughly 1100 by 600 metres with its long
axis parallel to the strike of the folded sediments it intrudes.
This outcrop hosts eight veinlet swarms up to 50 meters in width.
These veinlets consist of quartz plus iron oxides, clays, and gold.
The sampling results indicate that the gold here is coarse and
therefore Minera took large samples (100 - 150 kg); 22 of these
samples averaged 0.82 grams per tonne (g/t) Au with a high of 8.76
g/t. A further four samples of selected veinlet material from
within the intrusive averaged 1.69 g/t with a high value of 4.69
g/t. The report notes that a limited drill program in this area
carried out by the Consejo de Recursos Minerales (the former name
for the Mexican Government Geological Survey) was inadequate to
test the mineralized veinlet zones as the holes were drilled
vertically, roughly parallel to veinlet orientation. Dr. Aragon,
who was in charge of the project, concludes the El Rabioso area may
hold a disseminated gold deposit and further exploration is
recommended.
The Las Cuchillas zone is a seven by two kilometre area of
hydrothermal alteration that is anomalous mostly in base metals.
Las Cuchillas region hosts veins, veinlets and mantos containing
anomalous amounts of silver (up to 917 ppm), copper (up to 2.02%),
molybdenum (up to 4,400 ppm), lead (up to 6.16%), zinc (up to
6.02%) and gold (up to 4.74 g/t at the Creston Rojo site). The
target here is carbonate replacement mineralization and the Minera
geological team recommends further work to focus on testing the
economic potential of an area about 2 kilometres by 0.5 kilometres
where assays were highest.
The Ojo de Agua lineament is a new discovery resulting from
investigation of an alteration zone of roughly 1 square kilometre
first identified by Almaden using Aster satellite imagery.
Alteration minerals found in field reconnaissance included alunite,
sericite and illite. Nineteen samples were taken in the area and
these averaged 0.15 g/t with a high of 2.23 g/t. Almaden has not
yet received information on the type of follow up program planned
on these zones by Minera. Analyses were carried out by SGS Mineral
Services using the following packages: ICP14B, FAG323 for Au, and
ICP90Q for high values of base metals.
Morgan J. Poliquin, P.Eng., the President and COO of Almaden and
a qualified person under the meaning of National Instrument 43-101
reviewed the technical information in 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 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. Morgan J. Poliquin, M.Sc.,
P.Eng. President, COO and Director 604.689.7644 604.689.7645 (FAX)
www.almadenminerals.com
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