Almaden Drilling Hits 25.7 Meters of 3.4 g/t AuEq (0.86 g/t Au, 127.8 g/t Ag) on Northeast Extension, Hits on Ixtaca North Zo...
22 Ottobre 2012 - 10:30PM
Marketwired
Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
MKT:AAU) is pleased to announce further results from the on-going
exploration drill program at the Company's 100% owned Tuligtic
project, Mexico with holes TU-12-176, 181, 186, 188 to 195, 197 to,
200, 203, 205, 206, 209 and 216. The holes were drilled as part of
Almaden's on-going four drill exploration program which has been
designed to enable the calculation of a preliminary resource
estimate. The intersections reported today demonstrate the
continuity of the known mineralisation as well as the presence of
high grades locally. Highlights from the holes released today
include the following intercepts (a more complete list of
intercepts is shown in the table below):
Hole TU-12-181 IXTACA NORTH ZONE SECTION 10+850N:
102.70 meters @ 0.32 g/t gold and 60.3 g/t silver (1.5 g/t gold equivalent)
Including 11.40 meters @ 0.24 g/t gold and 402.7
g/t silver (8.3 g/t gold equivalent)
And 3.55 meters @ 0.54 g/t gold and 928.4
g/t silver (19.1 g/t gold equivalent)
Hole TU-12-186 NORTHEAST EXTENSION SECTION 498+35N:
65.91 meters @ 0.49 g/t gold and 12.8 g/t silver (0.7 g/t gold equivalent)
Hole TU-12-190 NORTHEAST EXTENSION SECTION 500+50N:
42.15 meters @ 1.06 g/t gold and 47.4 g/t silver (2.0 g/t gold equivalent)
Including 7.00 meters @ 1.34 g/t gold and 72.0
g/t silver (2.8 g/t gold equivalent)
And 11.80 meters @ 1.67 g/t gold and 71.7
g/t silver (3.1 g/t gold equivalent)
Hole TU-12-191 NORTHEAST EXTENSION SECTION 498+35N:
86.76 meters @ 0.31 g/t gold and 22.6 g/t silver (0.8 g/t gold equivalent)
Hole TU-12-194 NORTHEAST EXTENSION SECTION 500+50N:
58.80 meters @ 1.04 g/t gold and 19.4 g/t silver (1.4 g/t gold equivalent)
Hole TU-12-198 IXTACA NORTH ZONE SECTION 10+200E:
35.85 meters @ 0.73 g/t gold and 2.2 g/t silver (0.8 g/t gold equivalent)
Hole TU-12-199 NORTHEAST EXTENSION SECTION 500+50N:
79.80 meters @ 0.84 g/t gold and 20.6 g/t silver (1.3 g/t gold equivalent)
Hole TU-12-205 NORTHEAST EXTENSION SECTION 500+50N:
51.00 meters @ 0.51 g/t gold and 6.0 g/t silver (0.6 g/t gold equivalent)
Including 4.50 meters @ 3.41 g/t gold and 6.1
g/t silver (3.5 g/t gold equivalent)
39.00 meters @ 0.61 g/t gold and 88.8 g/t silver (2.4 g/t gold equivalent)
Including 25.70 meters @ 0.86 g/t gold and 127.8
g/t silver (3.4 g/t gold equivalent)
7.00 meters @ 0.19 g/t gold and 207.2 g/t silver (4.3 g/t gold equivalent)
Hole TU-12-216 MAIN IXTACA ZONE SECTION 10+950 E:
90.50 meters @ 0.61 g/t gold and 2.4 g/t silver (0.7 g/t gold equivalent)
Including 7.0 meters @ 1.54 g/t gold and 3.4 g/t
silver (1.6 g/t gold equivalent)
----------------------------------------------------------------------------
Interval Au Ag AuEq AgEq
Hole # From (m) To (m) (m) (g/t) (g/t) (g/t) (g/t) SECTION
----------------------------------------------------------------------------
TU-12-176 124.45 126.90 2.45 0.33 1.5 0.4 18 TU-12-176
----------------------------------------------------------------------------
TU-12-181 64.40 167.10 102.70 0.32 60.3 1.5 76 10+850E
------------------------------------------------------------------
including 134.60 164.10 29.50 0.14 183.4 3.8 190
------------------------------------------------------------------
including 152.20 163.60 11.40 0.24 402.7 8.3 415
------------------------------------------------------------------
including 152.20 155.75 3.55 0.54 928.4 19.1 955
------------------------------------------------------------------
TU-12-181 175.95 192.10 16.15 0.05 38.9 0.8 41
------------------------------------------------------------------
TU-12-181 207.10 224.94 17.84 0.30 47.2 1.2 62
------------------------------------------------------------------
including 220.30 224.94 4.64 0.85 131.3 3.5 174
----------------------------------------------------------------------------
TU-12-186 18.29 84.20 65.91 0.49 12.8 0.7 37 498+35N
------------------------------------------------------------------
including 24.00 37.70 13.70 0.83 36.5 1.6 78
------------------------------------------------------------------
including 61.20 67.20 6.00 0.82 4.9 0.9 46
----------------------------------------------------------------------------
TU-12-188 90.22 109.00 18.78 0.22 0.2 0.2 11 10+100E
------------------------------------------------------------------
TU-12-188 139.00 158.50 19.50 0.32 3.1 0.4 19
------------------------------------------------------------------
TU-12-188 264.80 267.30 2.50 0.24 8.2 0.4 20
----------------------------------------------------------------------------
TU-12-189 144.00 148.35 4.35 0.60 0.0 0.6 30 TU-12-189
----------------------------------------------------------------------------
TU-12-190 85.00 89.00 4.00 0.25 0.5 0.3 13 500+50N
------------------------------------------------------------------
TU-12-190 100.00 112.00 12.00 0.17 1.9 0.2 11
------------------------------------------------------------------
TU-12-190 259.00 272.90 13.90 0.17 12.3 0.4 21
------------------------------------------------------------------
TU-12-190 278.85 321.00 42.15 1.06 47.4 2.0 101
------------------------------------------------------------------
including 293.50 300.50 7.00 1.34 72.0 2.8 139
------------------------------------------------------------------
including 306.00 317.80 11.80 1.67 71.7 3.1 155
------------------------------------------------------------------
including 310.00 314.00 4.00 2.45 116.4 4.8 239
------------------------------------------------------------------
TU-12-190 377.90 386.00 8.10 0.24 2.8 0.3 15
----------------------------------------------------------------------------
TU-12-191 15.24 102.00 86.76 0.31 22.6 0.8 38 498+35N
------------------------------------------------------------------
including 70.40 84.40 14.00 0.16 48.5 1.1 56
------------------------------------------------------------------
including 93.90 97.00 3.10 0.25 117.0 2.6 129
----------------------------------------------------------------------------
TU-12-192 141.50 145.00 3.50 0.32 0.9 0.3 17 10+100E
------------------------------------------------------------------
TU-12-192 237.60 240.60 3.00 0.80 1.5 0.8 42
----------------------------------------------------------------------------
TU-12-193 67.00 96.00 29.00 0.53 3.4 0.6 30 10+250E
------------------------------------------------------------------
TU-12-193 107.50 112.50 5.00 0.22 3.1 0.3 14
----------------------------------------------------------------------------
TU-12-194 83.50 87.50 4.00 0.46 2.8 0.5 26 500+50N
------------------------------------------------------------------
TU-12-194 112.60 124.00 11.40 0.22 4.4 0.3 16
------------------------------------------------------------------
TU-12-194 272.50 279.50 7.00 0.15 40.9 1.0 49
------------------------------------------------------------------
TU-12-194 294.50 300.00 5.50 0.14 81.1 1.8 88
------------------------------------------------------------------
TU-12-194 313.00 371.80 58.80 1.04 19.4 1.4 71
------------------------------------------------------------------
including 317.60 347.00 29.40 1.63 23.9 2.1 106
----------------------------------------------------------------------------
TU-12-195 51.25 58.30 7.05 0.22 2.1 0.3 13 10+250E
------------------------------------------------------------------
TU-12-195 181.00 186.50 5.50 0.23 2.0 0.3 14
----------------------------------------------------------------------------
TU-12-197 173.00 177.00 4.00 0.52 0.7 0.5 27 10+250E
----------------------------------------------------------------------------
TU-12-198 57.00 92.85 35.85 0.73 2.2 0.8 39 10+200E
------------------------------------------------------------------
including 68.50 90.00 21.50 1.04 2.9 1.1 55
------------------------------------------------------------------
TU-12-198 112.00 117.00 5.00 0.21 8.3 0.4 19
------------------------------------------------------------------
TU-12-198 171.50 180.30 8.80 0.12 12.0 0.4 18
----------------------------------------------------------------------------
TU-12-199 66.00 70.00 4.00 0.26 2.4 0.3 15 500+50N
------------------------------------------------------------------
TU-12-199 91.00 93.80 2.80 0.19 3.0 0.3 13
------------------------------------------------------------------
TU-12-199 344.20 424.00 79.80 0.84 20.6 1.3 63
------------------------------------------------------------------
including 365.70 385.70 20.00 1.19 25.6 1.7 85
------------------------------------------------------------------
including 396.50 402.50 6.00 1.43 16.0 1.8 88
------------------------------------------------------------------
including 408.30 423.40 15.10 1.48 37.6 2.2 112
------------------------------------------------------------------
including 414.30 416.10 1.80 4.90 175.5 8.4 421
----------------------------------------------------------------------------
TU-12-200 29.00 33.00 4.00 0.27 1.0 0.3 15 10+200E
------------------------------------------------------------------
TU-12-200 41.00 48.16 7.16 0.37 2.6 0.4 21
------------------------------------------------------------------
TU-12-200 54.75 65.60 10.85 0.24 4.1 0.3 16
------------------------------------------------------------------
TU-12-200 100.00 103.00 3.00 0.24 1.0 0.3 13
----------------------------------------------------------------------------
TU-12-203 48.00 49.70 1.70 0.24 1.5 0.3 14 10+200E
----------------------------------------------------------------------------
TU-12-205 81.00 132.00 51.00 0.51 6.0 0.6 32 500+50N
------------------------------------------------------------------
including 101.50 106.00 4.50 3.41 6.1 3.5 177
------------------------------------------------------------------
TU-12-205 254.50 293.50 39.00 0.61 88.8 2.4 119
------------------------------------------------------------------
including 255.50 281.20 25.70 0.86 127.8 3.4 171
------------------------------------------------------------------
including 256.00 272.40 16.40 1.08 164.8 4.4 219
------------------------------------------------------------------
including 256.00 265.00 9.00 1.57 244.5 6.5 323
------------------------------------------------------------------
TU-12-205 312.00 319.00 7.00 0.19 207.2 4.3 217
----------------------------------------------------------------------------
TU-12-206 175.00 191.00 16.00 0.57 80.4 2.2 109 10+475E
----------------------------------------------------------------------------
TU-12-209 143.00 145.00 2.00 0.10 10.8 0.3 16 10+475E
------------------------------------------------------------------
TU-12-209 152.00 154.20 2.20 0.08 8.3 0.2 12
------------------------------------------------------------------
TU-12-209 168.50 174.40 5.90 0.17 9.2 0.4 18
----------------------------------------------------------------------------
TU-12-216 14.63 33.00 18.37 0.33 1.9 0.4 19 10+950E
------------------------------------------------------------------
TU-12-216 62.50 153.00 90.50 0.61 2.4 0.7 33
------------------------------------------------------------------
including 79.50 86.50 7.00 1.54 3.4 1.6 80
------------------------------------------------------------------
including 97.00 100.50 3.50 1.02 2.7 1.1 54
------------------------------------------------------------------
TU-12-216 203.10 216.60 13.50 0.34 19.9 0.7 37
----------------------------------------------------------------------------
J.D. Poliquin, Chairman of Almaden commented, "These new results
show the continued expansion of the overall Ixtaca vein system. The
potential for growth is shown by Hole TU-12-216 which represents a
70 meter step out to the northeast from previous drilling in the
Main Ixtaca Zone."
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).
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 west and striking roughly north-south.
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 the Ixtaca
Zone and the Tuligtic project, 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 associated with this press release, please
visit the following link:
http://media3.marketwire.com/docs/amm-1022-maps.pdf.
Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT 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. 604.689.7644 604.689.7645 (FAX)
www.almadenminerals.com
Grafico Azioni Almaden Minerals (TSX:AMM)
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Da Giu 2024 a Lug 2024
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