Almaden Hits 44.01 Meters of 1.04 g/t Gold and 95.8 g/t Silver (3.0 G/T AuEq) On Northeast Extension Zone
09 Luglio 2012 - 3:00PM
Marketwired
Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
MKT:AAU) is pleased to announce further results from the on-going
four drill exploration program on the Company's 100% owned Tuligtic
project, Mexico with holes TU-12-135 and 151 through 158. Holes
TU-12-135,154 and 156 were drilled into the Main Ixtaca Zone. Holes
TU-12-151, 152, 153, 157 and 158 were drilled into the Ixtaca North
Zone, a developing parallel zone to the Main Ixtaca Zone. Hole
TU-12-155 was drilled at 070 degrees into the Northeast Extension
Zone. This hole is believed to be close to perpendicular to the
Northeast Extension Zone, representing it as a true width, and
confirming that the Northeast Extension Zone has a strike different
from the Main Ixtaca and Ixtaca North Zones at roughly 330 degrees.
Hole TU-12-158 was oriented at 240 degrees and was drilled at the
southwest end of the known extent of veining. This hole is also
interpreted to have intersected north-south oriented veins in this
part of the Ixtaca Zone. Highlights from the current group of
assays include the following intercepts (a more complete list of
intercepts is shown in the table below):
Hole TU-12-135 MAIN IXTACA ZONE, SECTION 10+525:
104.35 meters @ 0.85 g/t gold and 28.5 g/t silver (1.4 g/t gold equivalent)
Including 47.95 meters @ 1.57 g/t gold and 43.5 g/t silver (2.4 g/t gold
equivalent)
And 15.65 meters @ 3.04 g/t gold and 52.4 g/t silver (4.1 g/t gold
equivalent)
Hole TU-12-154 MAIN IXTACA ZONE, SECTION 10+250:
59.30 meters @ 0.78 g/t gold and 15.2 g/t silver (1.1 g/t gold equivalent)
Including 10.25 meters @ 1.16 g/t gold and 47.4 g/t silver (2.1 g/t gold
equivalent)
Hole TU-12-155 NORTHEAST EXTENSION ZONE, SECTION 50+000N:
44.01 meters @ 1.04 g/t gold and 95.8 g/t silver (3.0 g/t gold equivalent)
Including 10.50 meters @ 2.65 g/t gold and 244.9 g/t silver (7.5 g/t
gold equivalent)
Including 2.5 meters @ 8.49 g/t gold and 683.6 g/t silver (22.2 g/t gold
equivalent)
Hole TU-12-156 MAIN IXTACA ZONE, SECTION 10+250:
21.73 meters @ 1.56 g/t gold and 11.7 g/t silver (1.8 g/t gold equivalent)
Hole TU-12-158 IXTACA NORTH ZONE, SECTION 48+750N:
49.19 meters @ 0.86 g/t gold and 11.1 g/t silver (1.1 g/t gold equivalent)
Including 4.50 meters @ 5.52 gold and 10.4 g/t silver (5.7 g/t gold
equivalent)
J.D. Poliquin, Chairman of Almaden commented, "We are very
pleased with these new results which continue to confirm and extend
the Ixtaca zone to be a strong 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. The new results reported today from the
Northeast Extension Zone show that we are only beginning to
understand this exciting project as we now have a new orientation
of veining hosting high grades to explore and develop. Drilling to
date on the Ixtaca vein system shows good continuity of
mineralisation in both horizontal and vertical dimensions." The
Company currently has four drills operating on the Tuligtic
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).
To view the Plan Map, Sections and Table, please visit:
http://media3.marketwire.com/docs/amm709_Maps.pdf.
----------------------------------------------------------------------------
From To Interval Au Ag AuEq AgEq
Hole # (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
----------------------------------------------------------------------------
TU-12-135 88.25 123.25 35.00 0.20 25.3 0.7 35
----------------------------------------------------------------------------
including 111.50 114.50 3.00 0.68 61.1 1.9 95
----------------------------------------------------------------------------
including 120.25 123.25 3.00 0.64 85.6 2.3 117
----------------------------------------------------------------------------
TU-12-135 146.65 162.50 15.85 0.79 78.6 2.4 118
----------------------------------------------------------------------------
including 146.65 149.05 2.40 1.07 74.9 2.6 128
----------------------------------------------------------------------------
including 154.15 155.15 1.00 5.64 596.0 17.6 878
----------------------------------------------------------------------------
TU-12-135 190.50 294.85 104.35 0.85 28.5 1.4 71
----------------------------------------------------------------------------
including 239.40 287.35 47.95 1.57 43.5 2.4 122
----------------------------------------------------------------------------
including 242.70 244.20 1.50 3.88 276.7 9.4 471
----------------------------------------------------------------------------
including 263.20 278.85 15.65 3.04 52.4 4.1 205
----------------------------------------------------------------------------
including 253.90 287.35 33.45 1.97 43.6 2.8 142
----------------------------------------------------------------------------
TU-12-135 335.00 371.85 36.85 0.34 6.8 0.5 24
----------------------------------------------------------------------------
including 349.50 354.23 4.73 1.32 24.1 1.8 90
----------------------------------------------------------------------------
TU-12-151 54.00 74.00 20.00 0.15 6.8 0.3 14
----------------------------------------------------------------------------
including 67.00 68.00 1.00 0.75 43.3 1.6 81
----------------------------------------------------------------------------
TU-12-151 97.00 117.00 20.00 0.20 7.1 0.3 17
----------------------------------------------------------------------------
TU-12-151 114.00 117.00 3.00 0.33 13.2 0.6 30
----------------------------------------------------------------------------
TU-12-151 126.25 131.50 5.25 0.28 2.2 0.3 16
----------------------------------------------------------------------------
TU-12-152 44.20 73.60 29.40 0.38 4.5 0.5 24
----------------------------------------------------------------------------
including 61.90 62.90 1.00 4.08 8.7 4.3 213
----------------------------------------------------------------------------
TU-12-152 132.75 137.65 4.90 0.29 7.4 0.4 22
----------------------------------------------------------------------------
TU-12-152 143.15 148.70 5.55 0.21 7.4 0.4 18
----------------------------------------------------------------------------
TU-12-152 154.84 187.00 32.16 0.25 30.2 0.9 43
----------------------------------------------------------------------------
including 154.84 172.30 17.46 0.38 50.8 1.4 70
----------------------------------------------------------------------------
TU-12-152 247.00 249.00 2.00 0.23 28.2 0.8 40
----------------------------------------------------------------------------
TU-12-153 266.30 273.80 7.50 0.39 16.1 0.7 35
----------------------------------------------------------------------------
TU-12-154 94.93 154.23 59.30 0.78 15.2 1.1 54
----------------------------------------------------------------------------
including 128.50 135.25 6.75 1.52 19.2 1.9 95
----------------------------------------------------------------------------
including 138.75 149.00 10.25 1.16 47.4 2.1 105
----------------------------------------------------------------------------
TU-12-155 51.82 106.07 54.25 0.24 7.2 0.4 19
----------------------------------------------------------------------------
TU-12-155 194.00 212.00 18.00 0.19 21.5 0.6 31
----------------------------------------------------------------------------
including 199.80 204.50 4.70 0.32 34.5 1.0 51
----------------------------------------------------------------------------
TU-12-155 227.99 272.00 44.01 1.04 95.8 3.0 148
----------------------------------------------------------------------------
including 229.80 240.30 10.50 2.65 244.9 7.5 377
----------------------------------------------------------------------------
including 230.80 233.30 2.50 8.49 683.6 22.2 1108
----------------------------------------------------------------------------
including 235.80 239.30 3.50 1.23 178.4 4.8 240
----------------------------------------------------------------------------
including 242.30 248.00 5.70 0.55 65.6 1.9 93
----------------------------------------------------------------------------
including 253.00 258.50 5.50 1.81 108.1 4.0 199
----------------------------------------------------------------------------
TU-12-155 334.80 337.70 2.90 0.88 89.6 2.7 134
----------------------------------------------------------------------------
TU-12-156 109.12 130.85 21.73 1.56 11.7 1.8 90
----------------------------------------------------------------------------
TU-12-157 64.50 77.00 12.50 0.29 0.5 0.3 15
----------------------------------------------------------------------------
TU-12-157 109.30 173.00 63.70 0.30 8.5 0.5 23
----------------------------------------------------------------------------
including 145.00 153.25 8.25 0.79 18.0 1.2 58
----------------------------------------------------------------------------
TU-12-158 49.50 79.20 29.70 0.18 6.5 0.3 16
----------------------------------------------------------------------------
TU-12-158 83.20 84.20 1.00 4.90 116.6 7.2 361
----------------------------------------------------------------------------
TU-12-158 96.50 145.69 49.19 0.86 11.1 1.1 54
----------------------------------------------------------------------------
including 125.75 130.35 4.60 0.53 44.0 1.4 71
----------------------------------------------------------------------------
including 134.00 138.50 4.50 5.52 10.4 5.7 286
----------------------------------------------------------------------------
including 136.00 138.50 2.50 9.40 8.6 9.6 478
----------------------------------------------------------------------------
About the Ixtaca Property
The 100% owned Ixtaca zone is a blind discovery made by the
Company in 2010. The Main Ixtaca and Ixtaca North Zones of veining
are thought to have a north-easterly trend. Holes to date suggest
that the Main Ixtaca and Ixtaca North Zones are sub vertical with
local variations. This interpretation suggests that true widths
range from approximately 35% of intersected widths for a -70 degree
hole to 94% of intersected widths for a -20 degree hole. 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 Northeast Extension Zone
however overall the zone is currently interpreted to be dipping
shallowly to the north and striking at 060 Azimuth. Until this
interpretation is confirmed true widths for the Northeast Extension
intersections cannot be calculated with confidence at this
time.
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 $35.6 MM as of July 4, 2012)
mineral exploration company working in North America. The company
has assembled mineral exploration projects, including Ixtaca,
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.
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
Grafico Azioni Almaden Minerals (TSX:AMM)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Almaden Minerals (TSX:AMM)
Storico
Da Lug 2023 a Lug 2024
