Almaden Completes Drilling for Maiden Resource, Hits 18.00 Meters of 6.6 g/t AuEq (6.36 g/t Au, 14.0 g/t Ag) on Northeast Ext...
19 Novembre 2012 - 3:00PM
Marketwired
Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
Amex:AAU)(NYSE MKT:AAU) is pleased to announce final drill results
to be included in the Company's maiden resource estimate. With the
results today 225 holes accounting for 81,971.03 meters of
drilling, all drilled since the discovery was made in 2010, will
form the basis of the resource estimate. The exploration drilling
program at Ixtaca is on-going. The results 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-12-196 NORTHEAST EXTENSION SECTION 499+30N:
152.41 meters @ 0.46 g/t gold and 12.1 g/t silver (0.7 g/t
gold equivalent)
Including 39.66 meters @ 1.21 g/t gold and 3.8 g/t silver (1.3 g/t gold
equivalent)
And 10.50 meters @ 3.11 g/t gold and 5.1 g/t silver (3.2 g/t gold
equivalent)
And 4.40 meters @ 1.87 g/t gold and 119.9 g/t silver (4.3 g/t
gold equivalent)
Hole TU-12-208 NORTHEAST EXTENSION SECTION 499+30N:
81.82 meters @ 0.44 g/t gold and 6.0 g/t silver (0.6 g/t gold
equivalent)
39.40 meters @ 1.45 g/t gold and 113.8 g/t silver (3.7 g/t
gold equivalent)
Including 6.25 meters @ 8.44 g/t gold and 624.8 g/t silver (20.9 g/t
gold equivalent)
Hole TU-12-211 MAIN IXTACA ZONE SECTION 10+375E:
156.65 meters @ 0.59 g/t gold and 28.6 g/t silver (1.2 g/t
gold equivalent)
Including 13.80 meters @ 0.97 g/t gold and 82.9 g/t silver (2.6 g/t
gold equivalent)
Hole TU-12-212 IXTACA NORTH ZONE SECTION 10+525E:
15.00 meters @ 0.59 g/t gold and 40.8 g/t silver (1.4 g/t
gold equivalent)
17.05 meters @ 2.27 g/t gold and 30.7 g/t silver (2.9 g/t
gold equivalent)
Hole TU-12-214 IXTACA NORTH ZONE SECTION 10+925E:
13.40 meters @ 0.45 g/t gold and 215.2 g/t silver (4.8 g/t
gold equivalent)
Including 2.50 meters @ 0.90 g/t gold and 901.9 g/t silver (18.9 g/t
gold equivalent)
11.70 meters @ 0.20 g/t gold and 119.0 g/t silver (2.6 g/t
gold equivalent)
Hole TU-12-217 IXTACA NORTH ZONE SECTION 10+525E:
14.10 meters @ 1.27 g/t gold and 87.1 g/t silver (3.0 g/t
gold equivalent)
5.80 meters @ 1.08 g/t gold and 108.9 g/t silver (3.3 g/t
gold equivalent)
Hole TU-12-219 IXTACA NORTH ZONE SECTION 10+950E:
18.80 meters @ 2.27 g/t gold and 4.4 g/t silver (2.4 g/t gold
equivalent)
Hole TU-12-221 NORTHEAST EXTENSION SECTION 500+00N:
41.60 meters @ 0.68 g/t gold and 3.6 g/t silver (0.8 g/t gold
equivalent)
97.75 meters @ 1.49 g/t gold and 10.1 g/t silver (1.7 g/t
gold equivalent)
Including 18.00 meters @ 6.36 g/t gold and 14.0 g/t silver (6.6 g/t
gold equivalent)
And 10.75 meters @ 8.22 g/t gold and 13.8 g/t silver (8.5 g/t
gold equivalent)
----------------------------------------------------------------------------
From To Interval Au Ag AuEq AgEq
Hole # (m) (m) (m) (g/t) (g/t) (g/t) (g/t) SECTION
----------------------------------------------------------------------------
TU-12-184 90.00 104.00 14.00 0.43 6.2 0.5 27 10925E
----------------------------------------------------------------------------
TU-12-196 21.34 173.75 152.41 0.46 12.1 0.7 35 49930N
--------------------------------------------------------------------
including 21.34 61.00 39.66 1.21 3.8 1.3 64
--------------------------------------------------------------------
including 25.00 35.50 10.50 3.11 5.1 3.2 160
--------------------------------------------------------------------
including 135.00 139.40 4.40 1.87 119.9 4.3 213
--------------------------------------------------------------------
TU-12-196 185.00 189.80 4.80 0.27 32.4 0.9 46
--------------------------------------------------------------------
TU-12-196 205.00 240.00 35.00 1.58 11.5 1.8 91
--------------------------------------------------------------------
including 216.35 217.35 1.00 49.15 123.5 51.6 2581
--------------------------------------------------------------------
TU-12-196 354.25 358.25 4.00 0.35 8.4 0.5 26
----------------------------------------------------------------------------
TU-12-201 21.34 94.00 72.66 0.34 17.4 0.7 34 49930N
--------------------------------------------------------------------
including 21.34 24.50 3.16 1.58 6.6 1.7 85
--------------------------------------------------------------------
including 86.00 91.75 5.75 0.16 169.9 3.6 178
--------------------------------------------------------------------
including 86.00 87.25 1.25 0.24 618.4 12.6 630
--------------------------------------------------------------------
TU-12-201 143.00 155.70 12.70 0.14 39.7 0.9 47
--------------------------------------------------------------------
TU-12-201 198.10 203.05 4.95 0.11 9.6 0.3 15
--------------------------------------------------------------------
TU-12-201 209.80 245.85 36.05 0.27 15.1 0.6 29
--------------------------------------------------------------------
including 209.80 212.30 2.50 2.65 134.9 5.4 268
----------------------------------------------------------------------------
TU-12-202 26.50 66.50 40.00 0.35 1.4 0.4 19 10375E
--------------------------------------------------------------------
including 26.50 38.00 11.50 0.78 0.5 0.8 39
--------------------------------------------------------------------
TU-12-202 137.10 172.50 35.40 0.62 12.3 0.9 43
--------------------------------------------------------------------
including 139.10 145.10 6.00 2.57 35.4 3.3 164
--------------------------------------------------------------------
TU-12-202 249.30 260.80 11.50 0.10 16.7 0.4 22
----------------------------------------------------------------------------
TU-12-204 27.43 61.00 33.57 0.40 2.0 0.4 22 49930N
--------------------------------------------------------------------
TU-12-204 95.00 102.60 7.60 0.17 16.5 0.5 25
--------------------------------------------------------------------
TU-12-204 184.70 191.70 7.00 0.07 34.6 0.8 38
--------------------------------------------------------------------
TU-12-204 258.35 270.80 12.45 0.13 9.7 0.3 16
--------------------------------------------------------------------
TU-12-204 368.90 418.80 49.90 0.24 7.9 0.4 20
--------------------------------------------------------------------
including 368.90 375.70 6.80 0.57 14.9 0.9 43
--------------------------------------------------------------------
TU-12-204 423.80 428.30 4.50 0.26 4.4 0.4 18
----------------------------------------------------------------------------
TU-12-207 135.20 161.10 25.90 0.27 11.3 0.5 25 10375E
--------------------------------------------------------------------
TU-12-207 171.10 181.00 9.90 0.14 26.4 0.7 33
--------------------------------------------------------------------
TU-12-207 210.00 211.70 1.70 1.70 216.7 6.0 302
----------------------------------------------------------------------------
TU-12-208 24.38 106.20 81.82 0.44 6.0 0.6 28 49930N
--------------------------------------------------------------------
including 24.38 36.10 11.72 1.04 7.8 1.2 60
--------------------------------------------------------------------
TU-12-208 120.60 160.00 39.40 1.45 113.8 3.7 186
--------------------------------------------------------------------
including 128.60 134.85 6.25 8.44 624.8 20.9 1047
--------------------------------------------------------------------
including 128.60 131.10 2.50 19.75 1203.8 43.8 2192
--------------------------------------------------------------------
TU-12-208 172.00 233.80 61.80 0.24 11.8 0.5 24
--------------------------------------------------------------------
including 229.50 232.00 2.50 2.07 30.8 2.7 134
----------------------------------------------------------------------------
TU-12-210 51.82 109.80 57.98 0.28 5.1 0.4 19 10925E
--------------------------------------------------------------------
TU-12-210 120.00 148.00 28.00 0.15 54.3 1.2 62
--------------------------------------------------------------------
including 122.00 134.00 12.00 0.22 114.7 2.5 126
--------------------------------------------------------------------
TU-12-210 155.50 166.50 11.00 0.07 34.4 0.8 38
--------------------------------------------------------------------
TU-12-210 198.50 200.50 2.00 0.12 79.8 1.7 86
--------------------------------------------------------------------
TU-12-210 215.50 234.85 19.35 0.18 16.6 0.5 26
----------------------------------------------------------------------------
TU-12-211 31.20 187.85 156.65 0.59 28.6 1.2 58 10375E
--------------------------------------------------------------------
including 70.70 84.50 13.80 0.97 82.9 2.6 131
--------------------------------------------------------------------
including 97.80 105.65 7.85 1.07 59.4 2.3 113
--------------------------------------------------------------------
including 129.85 142.40 12.55 1.38 53.3 2.4 122
--------------------------------------------------------------------
including 172.85 183.85 11.00 0.91 56.7 2.0 102
----------------------------------------------------------------------------
TU-12-212 43.60 58.60 15.00 0.59 40.8 1.4 70 10525E
--------------------------------------------------------------------
TU-12-212 67.70 84.75 17.05 2.27 30.7 2.9 144
--------------------------------------------------------------------
including 74.20 76.20 2.00 16.06 97.0 18.0 900
--------------------------------------------------------------------
TU-12-212 95.50 103.30 7.80 0.20 10.9 0.4 21
--------------------------------------------------------------------
TU-12-212 116.20 124.60 8.40 0.31 64.5 1.6 80
----------------------------------------------------------------------------
TU-12-213 5.49 11.00 5.51 0.33 1.3 0.4 18 10950E
--------------------------------------------------------------------
TU-12-213 16.00 26.82 10.82 0.32 1.3 0.3 17
--------------------------------------------------------------------
TU-12-213 50.50 83.50 33.00 0.56 4.3 0.6 32
--------------------------------------------------------------------
including 58.50 77.00 18.50 0.82 5.2 0.9 46
--------------------------------------------------------------------
TU-12-213 111.50 146.20 34.70 0.29 5.7 0.4 20
----------------------------------------------------------------------------
TU-12-214 40.85 106.00 65.15 0.38 2.8 0.4 22 10925E
--------------------------------------------------------------------
TU-12-214 181.10 201.70 20.60 0.13 31.3 0.8 38
--------------------------------------------------------------------
including 193.25 195.50 2.25 0.13 145.5 3.0 152
--------------------------------------------------------------------
TU-12-214 209.50 218.60 9.10 0.09 12.6 0.3 17
--------------------------------------------------------------------
TU-12-214 228.50 307.50 79.00 0.20 70.5 1.6 81
--------------------------------------------------------------------
including 249.00 277.00 28.00 0.33 126.6 2.9 143
--------------------------------------------------------------------
including 261.60 275.00 13.40 0.45 215.2 4.8 238
--------------------------------------------------------------------
including 269.50 272.00 2.50 0.90 901.9 18.9 947
--------------------------------------------------------------------
including 286.50 298.20 11.70 0.20 119.0 2.6 129
--------------------------------------------------------------------
including 293.60 297.60 4.00 0.30 263.0 5.6 278
--------------------------------------------------------------------
including 301.50 305.00 3.50 0.29 74.2 1.8 89
----------------------------------------------------------------------------
TU-12-215 70.30 111.60 41.30 0.54 3.8 0.6 31 50000N
--------------------------------------------------------------------
TU-12-215 153.70 166.50 12.80 0.10 7.5 0.2 12
--------------------------------------------------------------------
TU-12-215 473.50 491.30 17.80 0.69 36.1 1.4 71
--------------------------------------------------------------------
including 476.50 488.30 11.80 0.92 50.3 1.9 96
--------------------------------------------------------------------
TU-12-215 509.45 554.15 44.70 0.26 12.4 0.5 26
----------------------------------------------------------------------------
TU-12-217 43.90 58.00 14.10 1.27 87.1 3.0 151 10525E
--------------------------------------------------------------------
including 49.20 49.70 0.50 34.20 2050.0 75.2 3760
--------------------------------------------------------------------
TU-12-217 64.00 112.10 48.10 0.08 9.5 0.3 14
--------------------------------------------------------------------
including 105.70 107.30 1.60 0.84 43.3 1.7 85
--------------------------------------------------------------------
TU-12-217 132.70 161.65 28.95 0.37 33.7 1.0 52
--------------------------------------------------------------------
including 142.00 147.80 5.80 1.08 108.9 3.3 163
----------------------------------------------------------------------------
TU-12-218 39.01 91.00 51.99 0.57 3.5 0.6 32 10925E
--------------------------------------------------------------------
including 69.00 80.00 11.00 0.96 2.4 1.0 50
----------------------------------------------------------------------------
TU-12-219 48.16 105.90 57.74 0.41 8.8 0.6 29 10950E
--------------------------------------------------------------------
including 97.20 104.00 6.80 0.62 32.7 1.3 64
--------------------------------------------------------------------
TU-12-219 127.90 146.70 18.80 2.27 4.4 2.4 118
--------------------------------------------------------------------
including 135.25 135.75 0.50 78.40 14.4 78.7 3934
----------------------------------------------------------------------------
TU-12-220 6.10 13.50 7.40 0.21 2.2 0.3 13 10950E
--------------------------------------------------------------------
TU-12-220 56.00 108.00 52.00 0.52 7.1 0.7 33
--------------------------------------------------------------------
including 79.00 89.00 10.00 0.95 7.8 1.1 55
--------------------------------------------------------------------
TU-12-220 117.00 252.60 135.60 0.16 38.1 0.9 46
--------------------------------------------------------------------
including 183.50 187.60 4.10 0.18 110.8 2.4 120
--------------------------------------------------------------------
including 201.25 248.00 46.75 0.22 67.0 1.6 78
--------------------------------------------------------------------
including 204.75 207.75 3.00 0.48 151.8 3.5 176
--------------------------------------------------------------------
TU-12-220 264.57 276.76 12.19 0.16 26.2 0.7 34
----------------------------------------------------------------------------
TU-12-221 71.70 113.30 41.60 0.68 3.6 0.8 38 50000N
--------------------------------------------------------------------
including 73.20 78.10 4.90 2.62 5.2 2.7 136
--------------------------------------------------------------------
TU-12-221 409.50 507.25 97.75 1.49 10.1 1.7 85
--------------------------------------------------------------------
including 451.50 469.50 18.00 6.36 14.0 6.6 332
--------------------------------------------------------------------
including 451.50 453.50 2.00 7.01 25.7 7.5 376
--------------------------------------------------------------------
including 458.75 469.50 10.75 8.22 13.8 8.5 425
--------------------------------------------------------------------
TU-12-221 520.25 523.75 3.50 0.16 10.6 0.4 18
----------------------------------------------------------------------------
J.D. Poliquin, Chairman of Almaden commented, "These new results
show the continued expansion of the overall Ixtaca vein system. We
are excited to be working towards our maiden resource. Since the
discovery in 2010 of the Main Ixtaca Zone we have found the
parallel Ixtaca North Zone, the perpendicular Northeast Extension
(Chemalaco) Zone and widespread mineralisation in the volcanic
units. All of these zones remain open and drilling is on-going to
expand the resource beyond the boundaries set for the maiden
resource, a snapshot of drilling results to date."
The Company currently has three 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/SectionPR.pdf.
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.
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)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Almaden Minerals (TSX:AMM)
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