Drilling Underway at Almaden's Tuligtic Copper Project, Mexico
30 Giugno 2009 - 9:03PM
Marketwired
Almaden Minerals Ltd. (TSX: AMM)(NYSE Amex: AAU) and its Mexican
subsidiary Minera Gavilan S.A. de C.V. (together referred to as
"Almaden") are pleased to announce that a 3,000 meter preliminary
diamond drilling program is now underway at the Tuligtic
copper-molybdenum project, Mexico. The Tuligtic project is located
twenty-one kilometres north of Puebla State, and covers a large
area of alteration and mineralisation including intense
sericite-quartz-pyrite alteration and stockwork veining and
potassic alteration. The exposed alteration is interpreted to
represent a quartz-sericite-pyrite cap to a large porphyry
copper-molybdenum system.
Almaden is the operator of the current program. Antofagasta
Minerals S.A. ("Antofagasta") can earn up to a 75% interest in 100%
Almaden's owned property (for details of the agreement see Almaden
news release of March 23, 2009). Antofagasta is a wholly owned
subsidiary of Antofagasta plc, which is listed on the London Stock
Exchange and is a constituent of the FTSE-100 index, with interests
in mining, transport and water distribution. Its Chilean mining
operations, which comprise Los Pelambres, El Tesoro and Michilla,
produced 477,700 tonnes of copper in concentrate and cathode and
7,800 tonnes of molybdenum in concentrate in 2008. It is currently
carrying out a brownfield expansion at Los Pelambres and developing
the greenfield Esperanza project in Chile, which, when operational,
are expected to increase total Group copper production to nearly
700,000 tonnes per year by 2011. Antofagasta also has exploration
or feasibility programmes in Latin America, Asia and Africa.
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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