Almaden Hits 163.45 m of 1.27 g/t Au and 61.6 g/t Ag (2.5 g/t Aueq) Including 8.00 m of 9.82 g/t Au and 492.8 g/t Ag (19.7 g/...
23 Gennaio 2012 - 10:30PM
Marketwired
Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
Amex:AAU) is pleased to announce results from the 2011 drilling
program on the Company's 100% owned Tuligtic project, Mexico with
holes TU-11-69, 75, 77 to 80, 82 To 87 and 89 to 92. Final analyses
have not yet been received for holes TU-11-81, 88 and 93 to 95.
Hole TU-11-92 was drilled to the south of the Main Ixtaca Zone and
intersected 5.57 meters of 1.05 g/t gold and 2.9 g/t silver to the
end of the hole (the hole was lost). This intersection is
interpreted to represent a new zone on the project (now called the
Ixtaca South Zone). Highlights from the current group of assays
include the following intercepts (all significant assays are shown
in the table below):
Hole TU-11-78 MAIN IXTACA ZONE, SECTION 10550:
11.00 meters @ 2.04 g/t gold and 100.8 g/t silver (4.1 g/t gold
equivalent)
Hole TU-11-82 MAIN IXTACA ZONE, SECTION 10650:
241.02 meters @ 0.43 g/t gold and 31.2 g/t silver (1.0 g/t gold
equivalent)
Including 16.32 meters @ 1.27 g/t gold and 80.3 g/t silver (2.9 g/t
gold equivalent)
And 25.36 meters @ 1.21 g/t gold and 91.5 g/t silver (3.0 g/t gold
equivalent)
Hole TU-11-83 MAIN IXTACA ZONE, SECTION 10550:
163.45 meters @ 1.27 g/t gold and 61.6 g/t silver (2.5 g/t gold
equivalent)
Including 54.14 meters @ 2.32 g/t gold and 105.7 g/t silver (4.4 g/t
gold equivalent)
And 8.00 meters @ 9.82 g/t gold and 492.8 g/t silver (19.7 g/t gold
equivalent)
Hole TU-11-85 MAIN IXTACA ZONE, SECTION 10700:
244.60 meters @ 0.51 g/t gold and 26.9 g/t silver (1.1 g/t gold
equivalent)
Including 26.42 meters @ 1.28 g/t gold and 103.7 g/t silver (3.4 g/t
gold equivalent)
and 20.22 meters @ 2.53 g/t gold and 57.0 g/t silver (3.7 g/t gold
equivalent)
and 11.20 meters @ 3.38 g/t gold and 86.6 g/t silver (5.1 g/t gold
equivalent)
Hole TU-11-86 MAIN IXTACA ZONE, SECTION 10550:
6.30 meters @ 1.41 g/t gold and 90.8 g/t silver (3.2 g/t gold equivalent)
Hole TU-11-91 MAIN IXTACA ZONE, SECTION 10650:
117.40 meters @ 0.43 g/t gold and 42.7 g/t silver (1.3 g/t gold
equivalent)
Including 19.67 meters @ 1.17 g/t gold and 121.1 g/t silver (3.6 g/t
gold equivalent)
And 5.90 meters @ 2.73 g/t gold and 246.5 g/t silver (7.7 g/t gold
equivalent)
Hole TU-11-92 IXTACA SOUTH ZONE, SECTION E6000 (100 AZIMUTH):
34.57 meters @ 0.48 g/t gold and 4.2 g/t silver (0.6 g/t gold equivalent)
Including 5.57 meters @ 1.05 g/t gold and 2.9 g/t silver (1.1 g/t gold
equivalent)
J.D. Poliquin, Chairman of Almaden, commented, "We are very
pleased with these new results which continue to confirm and show
the Ixtaca zone to be a robust and wide system of veining with
sections that carry high gold and silver grades. Including the
veining of the newly discovered Ixtaca North zone, the Ixtaca vein
system is wider than previously known. Our drill program continues
to identify new zones of mineralisation and the known mineralised
area is expanding. Drilling to date on the Ixtaca vein system shows
good continuity of mineralisation in both horizontal and vertical
dimensions."
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From To Interval Au Ag AuEq AgEq
Hole # (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
TU-11-69 164.84 166.08 1.24 0.79 50.6 1.8 90
--------------------------------------------------------------------------
TU-11-75 160.00 171.50 11.50 0.42 2.2 0.5 23
--------------------------------------------------------------------------
including 161.00 164.00 3.00 0.97 2.9 1.0 51
--------------------------------------------------------------------------
TU-11-75 189.00 208.00 19.00 0.45 8.0 0.6 30
--------------------------------------------------------------------------
including 189.00 197.50 8.50 0.65 5.7 0.8 38
--------------------------------------------------------------------------
TU-11-78 3.59 76.50 72.91 0.65 28.5 1.2 61
--------------------------------------------------------------------------
including 24.50 54.50 30.00 1.24 50.5 2.3 113
--------------------------------------------------------------------------
and 37.00 48.00 11.00 2.04 100.8 4.1 203
--------------------------------------------------------------------------
TU-11-78 100.00 119.60 19.60 0.42 40.6 1.2 62
--------------------------------------------------------------------------
TU-11-78 150.00 173.00 23.00 0.72 44.0 1.6 80
--------------------------------------------------------------------------
including 155.00 167.42 12.42 1.11 70.5 2.5 126
--------------------------------------------------------------------------
and 163.70 167.42 3.72 1.84 154.8 4.9 247
--------------------------------------------------------------------------
TU-11-78 208.70 250.00 41.30 0.51 49.0 1.5 74
--------------------------------------------------------------------------
TU-11-79 160.00 178.15 18.15 0.37 12.4 0.6 31
--------------------------------------------------------------------------
TU-11-79 228.30 303.00 74.70 0.24 18.8 0.6 31
--------------------------------------------------------------------------
including 264.00 286.47 22.47 0.46 33.1 1.1 56
--------------------------------------------------------------------------
and 266.00 276.30 10.30 0.63 45.2 1.5 76
--------------------------------------------------------------------------
TU-11-82 157.28 398.30 241.02 0.43 31.2 1.0 52
--------------------------------------------------------------------------
including 221.82 238.14 16.32 1.27 80.3 2.9 144
--------------------------------------------------------------------------
and 340.00 341.14 1.14 4.54 405.4 12.6 632
--------------------------------------------------------------------------
and 359.32 361.62 2.30 6.88 463.5 16.1 807
--------------------------------------------------------------------------
and 359.32 384.68 25.36 1.21 91.5 3.0 152
--------------------------------------------------------------------------
and 438.00 439.75 1.75 1.54 52.6 2.6 129
--------------------------------------------------------------------------
TU-11-83 55.45 60.80 5.35 0.33 38.4 1.1 55
--------------------------------------------------------------------------
TU-11-83 120.45 283.90 163.45 1.27 61.6 2.5 125
--------------------------------------------------------------------------
includes 146.10 200.24 54.14 2.32 105.7 4.4 222
--------------------------------------------------------------------------
and 146.10 154.10 8.00 9.82 492.8 19.7 984
--------------------------------------------------------------------------
and 179.70 182.97 3.27 6.42 83.0 8.1 404
--------------------------------------------------------------------------
and 244.65 255.50 10.85 1.95 98.3 3.9 196
--------------------------------------------------------------------------
and 267.50 272.30 4.80 3.18 93.9 5.1 253
--------------------------------------------------------------------------
TU-11-84 90.00 144.30 54.30 0.42 5.4 0.5 26
--------------------------------------------------------------------------
including 111.00 134.50 23.50 0.65 7.6 0.8 40
--------------------------------------------------------------------------
and 111.00 125.00 14.00 0.79 10.3 1.0 50
--------------------------------------------------------------------------
TU-11-85 169.00 219.10 50.10 0.43 13.4 0.7 35
--------------------------------------------------------------------------
TU-11-85 219.10 463.70 244.60 0.51 26.9 1.1 53
--------------------------------------------------------------------------
including 299.00 301.70 2.70 1.34 188.7 5.1 256
--------------------------------------------------------------------------
and 351.28 377.70 26.42 1.28 103.7 3.4 168
--------------------------------------------------------------------------
and 441.78 462.00 20.22 2.53 57.0 3.7 183
--------------------------------------------------------------------------
and 443.90 455.10 11.20 3.38 86.6 5.1 255
--------------------------------------------------------------------------
TU-11-86 40.00 100.00 60.00 0.27 13.3 0.5 27
--------------------------------------------------------------------------
TU-11-86 141.00 248.60 107.60 0.29 31.6 0.9 46
--------------------------------------------------------------------------
including 149.00 175.00 26.00 0.54 40.1 1.3 67
--------------------------------------------------------------------------
and 149.00 155.30 6.30 1.41 90.8 3.2 162
--------------------------------------------------------------------------
TU-11-87 94.00 149.00 55.00 0.38 13.4 0.6 32
--------------------------------------------------------------------------
including 117.50 133.50 16.00 0.74 33.5 1.4 70
--------------------------------------------------------------------------
and 119.50 129.50 10.00 0.90 47.7 1.9 93
--------------------------------------------------------------------------
TU-11-90 42.69 130.00 87.31 0.12 26.6 0.7 33
--------------------------------------------------------------------------
including 61.53 73.50 11.97 0.13 62.4 1.4 69
--------------------------------------------------------------------------
and 115.75 130.00 14.25 0.10 52.3 1.1 57
--------------------------------------------------------------------------
and 118.85 123.75 4.90 0.16 75.3 1.7 83
--------------------------------------------------------------------------
TU-11-91 3.05 13.00 9.95 0.49 12.2 0.7 37
--------------------------------------------------------------------------
TU-11-91 28.75 36.00 7.25 0.34 10.8 0.6 28
--------------------------------------------------------------------------
TU-11-91 84.10 97.95 13.85 0.79 105.5 2.9 145
--------------------------------------------------------------------------
TU-11-91 152.20 269.60 117.40 0.43 42.7 1.3 64
--------------------------------------------------------------------------
including 178.30 184.48 6.18 1.06 63.8 2.3 117
--------------------------------------------------------------------------
and 236.93 256.60 19.67 1.17 121.1 3.6 180
--------------------------------------------------------------------------
and 250.70 256.60 5.90 2.73 246.5 7.7 383
--------------------------------------------------------------------------
TU-11-92 205.00 239.57 34.57 0.48 4.2 0.6 28
--------------------------------------------------------------------------
including 234.00 239.57 5.57 1.05 2.9 1.1 55
--------------------------------------------------------------------------
Almaden's 2012 drilling program at the Ixtaca zone has now
commenced and the Company currently has four drills operating on
the project. Almaden plans to continue drilling operations
throughout 2012. Below is a plan map, relevant sections and table
of significant intervals which will be posted to the Company's
website (www.almadenminerals.com).
About the Ixtaca Property
The 100% owned Ixtaca zone is a blind discovery made by the
Company in 2010. The main Ixtaca zone of veining is thought to have
a north-easterly trend. Holes to date suggest that the zone is sub
vertical with local variations. This interpretation suggests that
true widths are approximately 60% of intersected widths. The
drilling completed to date has traced mineralisation over 1,000
meters along this northeast trend. Based upon observations at
surface and of core as drilling progresses, there seems to be a
variety of veinlet orientations within the Main Ixtaca Zone however
overall the zone is interpreted to be subvertical and striking at
060 Azimuth.
Mr. Norm Dircks, P.Geo., a qualified person ("QP") under the
meaning of NI 43-101, is the QP and project manager of Almaden's
Ixtaca program and reviewed the technical information in this news
release. The analyses reported were carried out at ALS Chemex
Laboratories of North Vancouver using industry standard analytical
techniques. For gold, samples are first analysed by fire assay and
atomic absorption spectroscopy ("AAS"). Samples that return values
greater than 10 g/t gold using this technique are then re-analysed
by fire assay but with a gravimetric finish. Silver is first
analysed by Inductively Coupled Plasma - Atomic Emission
Spectroscopy ("ICP-AES"). Samples that return values greater than
100 g/t silver by ICP-AES are then re analysed by HF-HNO3-HCLO4
digestion with HCL leach and ICP-AES finish. Of these samples those
that return silver values greater than 1,500 g/t are further
analysed by fire assay with a gravimetric finish.
Blanks, field duplicates and certified standards were inserted
into the sample stream as part of Almaden's quality assurance and
control program which complies with National Instrument 43-101
requirements. Gold equivalent ("AuEq" or "Gold Eq.") and silver
equivalent ("AgEq" or "Silver Eq.") values were calculated using
silver to gold ratios of 50 to 1. The ratio of 50 to 1 was used for
the sake of consistency with past news releases. Intervals that
returned assays below detection were assigned zero values.
Metallurgical recoveries and net smelter returns are assumed to be
100% for these calculations.
About Almaden
Almaden is a well-financed (cash, gold inventory and equity
investments totalling approximately $47.2 MM as of January 12th,
2012) mineral exploration company working in North America. The
company has assembled mineral exploration projects, including
Tuligtic, 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, silver and copper deposits as evidenced at Ixtaca. Almaden's
business model is to find and acquire mineral properties and
develop them by seeking option agreements with others who can
acquire 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
funding and consequent share dilution 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.
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.
To view the maps accompanying this press release please click on
the following link:
http://file.marketwire.com/release/AMM0123.pdf
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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