Almaden Minerals Ltd.: Tuligtic Copper Project Update
10 Marzo 2010 - 10:56PM
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 results of a 2,973.05 meter
seven hole preliminary diamond drilling program now completed 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. Highlights of the drill program include
38 meters of 0.13% copper from 164 to 202 meters and 46 meters of
0.11 copper from 416 to 462 meters in hole DDH-01, 20 meters of
0.17% copper from 94 to 114 meters and 26 meters of 0.14% copper
from 316 to 342 meters in hole DDH-02, 58 meters of 0.17% copper
from 366 to 424 meters in hole DDH-03 (including 14 meters of 0.27%
copper from 410 to 424 meters), 2 meters of 0.63% copper from 18 to
20 meters in hole DDH-04 and 20 meters of 0.11% copper from 276 to
296 meters and 8 meters of 0.13% copper in hole DDH-05. Molybdenum
values were anomalous ranging up to 801 ppm (0.08%). Elevated gold
values were also encountered including 2 meters of 1.34 g/t from
178-180 meters in hole DDH-01.
Antofagasta Minerals S.A. ("Antofagasta"), which funded the
exploration program, has terminated its option to earn up to a 75%
interest in the 100% Almaden owned Tuligtic property (for details
of the agreement see Almaden news release of March 23, 2009).
Almaden wishes to thank Antofagasta for their participation in this
first phase exploration drill program. Based upon the results of an
ongoing review of the drilling program conducted Almaden will plan
further exploration on the Tuligtic project. Almaden considers the
results to represent a large new copper porphyry system and remains
excited about its potential.
Morgan J. Poliquin, P. Eng., the President and CEO of Almaden
and a qualified person under the meaning of National Instrument
43-101 reviewed the technical information in this news release.
Analyses reported from work conducted by Almaden were carried out
at ALS Chemex Laboratories of North Vancouver using industry
standard aqua regia, ICP and fire assay techniques. A quality
control program was instituted as part of the sampling including
the insertion of field duplicates, certified standards and blanks
into the sample stream.
On Behalf of the Board of Directors
Morgan J. Poliquin, Ph.D., P.Eng., President, CEO 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.
Neither the Toronto Stock Exchange (TSX) nor the NYSE Amex have
reviewed or accepted any 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, Ph.D.,
P.Eng. President, CEO and Director (604) 689-7644 (604) 689-7645
(FAX) www.almadenminerals.com
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