Almaden Minerals Ltd. (TSX:AMM)(NYSE Amex:AAU) ("Almaden" or "the
Company") is pleased to report results from exploration programs,
regional and project specific, carried out by the Company outside
of our 100% owned Tuligtic project. In 2011 the Company was
primarily focussed on an expanded drill program at the Ixtaca
gold-silver zone of the Tuligtic project where 86 holes were
drilled for a total of 31,016.64 meters. Despite the focus at
Tuligtic the Company continues to prospect for new projects and has
also been advancing other projects already in Almaden's large
property portfolio.
J.D. Poliquin, chairman of Almaden commented, "Our prospecting
and project generation programs continue to yield results. We
maintain our search for new opportunities through grassroots
exploration which exploits our proprietary database and proven
technical abilities. We look forward to adding to our portfolio of
projects and planning future drill programs based on the results of
this property scale work."
NEVADA EXPLORATION
BP Project, Nevada
The 100% owned BP project is covers an area Carlin type
mineralisation including areas of jasperoid and clay alteration
developed in an exposed debris flow in lower plate rocks, the
geologic succession that hosts many of the important gold deposits
in northern Nevada. The alteration and host rocks are typical of
that of major Carlin type deposits in Nevada and the prospect is
located roughly 30 miles from the Carlin district along the Carlin
trend. In 2011 Almaden conducted a surface soil sampling program at
the BP project. The results are characteristic of a Carlin system
and areas of anomalous Tl, As, Sb, Au and Ag were defined. A total
of 671 soils were collected returning gold values which ranged from
less than detection to 34.9 ppb gold and averaging 2.6 ppb gold.
These results are considered to be very encouraging and Almaden
plans further surface work in 2012 to better define targets for a
future drill program.
Paradise Valley, Nevada
This early stage 100% owned project located near the historic
Paradise Peak gold mine in central Nevada covers an area of acid
sulphate alteration interpreted to represent a high sulphidation
system and was acquired by staking. A surface rock sampling program
planned for 2011 will be conducted in 2012.
Willow, Nevada
The Willow project covers an area of hydrothermal alteration
interpreted to represent the lithocap to a large preserved porphyry
copper-gold system. Geologic and alteration mapping has outlined a
roughly 2 by 2 kilometer area of intense hydrothermal alteration
characterized by silicification, brecciation and alunite, kaolinite
and dickite alteration, all features typical of a high sulphidation
system overlying a porphyry intrusion at depth. Supporting fluid
inclusion analysis confirms the presence of a porphyry system. Soil
stream sediment and rock samples have returned anomalous values of
copper, gold, molybdenum, silver and trace elements typical of this
geologic environment. In 2011 Almaden conducted a Titan 24 Deep
Earth Imaging survey on the project. The Titan survey results
outlined several large areas of high chargeability, both near to
surface and at depth. Also in 2011 Almaden and Westhaven Ventures
Inc. (TSX VENTURE:WHN) ("Westhaven") agreed to terms whereby
Westhaven could have acquired a 60% interest in the Willow project.
Almaden and Westhaven have mutually agreed to cancel this
agreement. Almaden now plans a drill program for 2012.
MEXICAN EXPLORATION
El Cobre, Mexico
In December 2011 Almaden completed a Titan 24 Deep Earth Imaging
survey on this 100% owned copper-gold porphyry project located in
Veracruz State. While final results are awaited and will be
reported in January, preliminary results confirm a large area of
high chargeability interpreted to represent high concentrations of
sulphides. Past drilling at El Cobre, conducted by Almaden and past
partners, has clearly only tested shallow and largely peripheral
portions of the high chargeability zones and confirms that the
sulphide development represents a large porphyry system which
Almaden intends to test with a drill program in 2012.
Lajas, Mexico
A surface rock chip sampling program was conducted on this 100%
owned Almaden project from which results are pending. The claim
covers quartz-carbonate veins exhibiting classic epithermal
textures. The Company will plan further work based upon the results
of the 2011 program.
Terrerillos, Mexico
A surface rock chip sampling program was conducted on this 100%
owned Almaden project from which results are pending. The claim
covers a large area of high level clay alteration interpreted to be
similar to the barren alteration that caps the Company's Ixtaca
zone of epithermal gold-silver veining and the Company believes
that this alteration may similarly cover epithermal veining.
Further work will be planned based upon the results of the 2011
program.
Regional Exploration, Mexico
In 2011 Almaden conducted a regional prospecting program in
Eastern Mexico focused on the discovery of targets similar to the
company's gold-silver Ixtaca zone at its wholly owned Tuligtic
project in Puebla State. Results are pending from this prospecting
and will be reported once received however based on geologic
evidence the Company is currently filing for mineral title in
several areas.
Yago, Mexico
In 2011 Almaden agreed to terms with G4G Resources Ltd. (TSX
VENTURE:GXG) ("G4G") whereby G4G could have acquired a 70% interest
in Almaden's 100% owned Yago gold-silver project located in Nayarit
State Mexico. Almaden and G4G have mutually agreed to cancel this
agreement. Almaden plans a surface sampling and geophysical program
in 2012 to follow-up past exploration results which have identified
several areas of epithermal veining interpreted to represent a high
level environment located above potential ore zones.
ABOUT ALMADEN
Almaden is a well-financed mineral exploration company working
in North America. The company has assembled mineral exploration
projects, including the Ixtaca Zone, through its grass roots
exploration efforts. While the properties are largely at early
stages of development they represent exciting opportunities for the
discovery of significant gold and copper deposits as evidenced at
Ixtaca. Currently six projects (Caldera, Tropico, Matehuapil and
Merit), are optioned to separate third parties who each have the
right to acquire an interest in the respective project from Almaden
through making certain payments and exploration expenditures. Four
further projects are held in joint ventures. Almaden also holds a
2% NSR interest in 11 projects. Almaden's business model is to find
and acquire mineral properties and develop them by seeking option
agreements with others who can earn an interest in a project by
making payments and exploration expenditures. Through this means
the company has been able to expose its shareholders to discovery
and capital gain without the capital that would be required if the
company were to have developed these projects without a partner.
The company intends to expand this business model, described by
some as prospect generation, by more aggressively exploring several
of its projects including the Ixtaca Zone.
Morgan Poliquin, Ph.D., P.Eng., a Qualified Person as defined by
National Instrument 43-101, and the President and CEO of Almaden,
has reviewed the technical information contained in this release.
The analyses reported were carried out at ALS Chemex Laboratories
of North Vancouver using industry standard aqua regia, ICP and fire
assay techniques. A Quality Control and Assurance program compliant
with National Instrument 43-101 standards was instituted for
Almaden's drilling programs.
On Behalf of the Board of Directors
Morgan J. Poliquin, Ph.D., P.Eng., President, CEO and
Director
Almaden Minerals Ltd.
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and Canadian securities
laws. Such forward-looking statements, including but not limited
to, those with respect to potential expansion of mineralization,
potential size of mineralized zone, and size and timing of
exploration and development programs, estimated project capital and
other project costs and the timing of submission and receipt and
availability of regulatory approvals involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievement of Almaden to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such
factors include, among others, risks related to international
operations and joint ventures, the actual results of current
exploration activities, conclusions of economic evaluations,
uncertainty in the estimation of mineral resources, changes in
project parameters as plans continue to be refined, environmental
risks and hazards, increased infrastructure and/or operating costs,
labour and employment matters, and government regulation and
permitting requirements as well as those factors discussed in the
section entitled "Risk Factors" in Almaden's Annual Information
form and Almaden's latest Form 20-F on file with the United States
Securities and Exchange Commission in Washington, D.C. Although
Almaden has attempted to identify important factors that could
cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Almaden
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, other than as required pursuant to
applicable securities laws. Accordingly, readers should not place
undue reliance on forward-looking statements.
Neither the Toronto Stock Exchange (TSX) nor the NYSE AMEX have
reviewed or 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, Ph.D.,
P.Eng. President, CEO and Director 604-689-7644 604-689-7645
(FAX)www.almadenminerals.com
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