Almaden Hits 60.50 Meters of 2.9 g/t AuEq (2.21 g/t Au, 35.8 g/t Ag) Outside Resource Shell on Main Ixtaca Zone
24 Gennaio 2013 - 3:00PM
Marketwired
Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
MKT:AAU) is pleased to announce the remaining results from the 2012
drill program on the Ixtaca Zone of the Company's 100% owned
Tuligtic project, Mexico. Drilling confirmed the high-grade
intersections previously announced on section 11+000E (see Almaden
news release of November 26th, 2012) with a new intersection on
this section of 60.50 meters of 2.21 g/t gold and 35.8 g/t silver
(2.9 g/t gold equivalent). Mineralisation was also traced 50 meters
further to the east with intersections on section 11+050E including
100.84 meters of 0.67 g/t gold and 7.5 g/t silver (0.8 g/t gold
equivalent). Further drilling is planned to both expand known
mineralisation and to define the new high grade zone seen on
section 11+000E, the extent and orientation of which are not
presently understood.
J.D. Poliquin, Chairman of Almaden commented, "This new drilling
further shows the continued expansion of the overall Ixtaca vein
system as well as its potential for high grades. We are excited to
be finalising our maiden resource estimation, however, these new
results from outside the resource area show that the resource has
potential to grow significantly beyond its current edges. 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 targeted to
expand the resource will shortly resume."
Highlights from the holes released today include the following
intercepts (a more complete list of intercepts is shown in the
table below):
Hole TU-12-229 NORTHEAST EXTENSION, SECTION 49+775 N (AZIMUTH 070, DIP -40)
35.50 meters @ 0.78 g/t gold and 6.5 g/t silver (0.9 g/t gold equivalent)
Including 13.00 meters @ 1.40 g/t gold and 11.0 g/t silver (1.6 g/t gold
equivalent)
Hole TU-12-231 MAIN IXTACA ZONE, SECTION 10+950 E (AZIMTH 150, DIP -85)
27.00 meters @ 0.52 g/t gold and 2.2 g/t silver (0.6 g/t gold equivalent)
Hole TU-12-234 MAIN IXTACA ZONE, SECTION 11+050 E (AZIMUTH 150, DIP -70)
44.70 meters @ 0.65 g/t gold and 4.1 g/t silver (0.7 g/t gold equivalent)
Hole TU-12-237 MAIN IXTACA ZONE, SECTION 11+050 E (AZIMUTH 150, DIP -40)
100.84 meters @ 0.67 g/t gold and 7.5 g/t silver (0.8 g/t gold equivalent)
Hole TU-12-238 MAIN IXTACA ZONE, SECTION 11+000 E (AZIMUTH 330, DIP -40)
120.50 meters @ 1.31 g/t gold and 19.0 g/t silver (1.7 g/t gold equivalent)
Including 60.50 meters @ 2.21 g/t gold and 35.8 g/t silver (2.9 g/t gold
equivalent)
Includes 4.50 meters @ 5.56 g/t gold and 121.0 g/t silver (8.0 g/t gold
equivalent)
And 5.50 meters @ 6.78 g/t gold and 198.8 g/t silver (10.8 g/t gold
equivalent)
Hole TU-12-246 NORTHEAST EXTENSION, SECTION 49+775 N (AZIMUTH 070, DIP -80)
51.51 meters @ 0.45 g/t gold and 11.9 g/t silver (0.7 g/t gold equivalent)
8.90 meters @ 0.43 g/t gold and 99.6 g/t silver (2.4 g/t gold equivalent)
5.50 meters @ 0.79 g/t gold and 112.1 g/t silver (3.0 g/t gold equivalent)
Inter-
From To val Au Ag AuEq AgEq
Hole # (m) (m) (m) (g/t) (g/t) (g/t) (g/t) SECTION
---------------------------------------------------------------------------
TU-12-223 88.00 107.00 19.00 0.15 3.8 0.2 11 50150N
------------------------------------------------------------------
TU-12-223 252.00 263.40 11.40 0.13 30.5 0.7 37
------------------------------------------------------------------
TU-12-223 299.40 370.60 71.20 0.10 8.3 0.3 14
---------------------------------------------------------------------------
TU-12-226 29.00 81.05 52.05 0.44 4.3 0.5 26 49925N
------------------------------------------------------------------
TU-12-226 243.00 250.00 7.00 0.04 21.9 0.5 24
------------------------------------------------------------------
TU-12-226 463.50 519.50 56.00 0.17 11.1 0.4 20
------------------------------------------------------------------
including 470.00 475.00 5.00 0.20 30.9 0.8 41
------------------------------------------------------------------
including 499.25 503.75 4.50 0.59 14.4 0.9 44
---------------------------------------------------------------------------
TU-12-228 97.50 103.00 5.50 0.13 7.8 0.3 14 50150N
------------------------------------------------------------------
TU-12-228 283.10 292.00 8.90 0.16 35.2 0.9 43
------------------------------------------------------------------
including 283.10 286.00 2.90 0.29 59.2 1.5 74
------------------------------------------------------------------
TU-12-228 303.10 362.00 58.90 0.34 19.4 0.7 37
------------------------------------------------------------------
including 323.00 331.50 8.50 0.90 19.2 1.3 65
------------------------------------------------------------------
including 353.50 354.50 1.00 2.36 213.1 6.6 331
------------------------------------------------------------------
TU-12-228 370.00 376.10 6.10 0.06 16.2 0.4 19
---------------------------------------------------------------------------
TU-12-229 37.00 72.50 35.50 0.78 6.5 0.9 46 49775N
------------------------------------------------------------------
including 43.00 56.00 13.00 1.40 11.0 1.6 81
------------------------------------------------------------------
including 68.50 72.50 4.00 1.31 4.5 1.4 70
------------------------------------------------------------------
TU-12-229 257.00 263.20 6.20 0.09 11.9 0.3 17
------------------------------------------------------------------
TU-12-229 325.00 330.30 5.30 0.29 4.7 0.4 19
------------------------------------------------------------------
TU-12-229 359.10 365.70 6.60 0.06 43.4 0.9 46
---------------------------------------------------------------------------
TU-12-230 114.00 127.70 13.70 0.11 9.2 0.3 15 50150N
------------------------------------------------------------------
TU-12-230 365.00 375.00 10.00 0.02 37.0 0.8 38
------------------------------------------------------------------
including 366.00 367.00 1.00 0.01 207.1 4.2 208
------------------------------------------------------------------
including 370.80 372.00 1.20 0.08 82.6 1.7 87
---------------------------------------------------------------------------
TU-12-231 28.00 35.00 7.00 0.29 3.1 0.4 18 10950E
------------------------------------------------------------------
TU-12-231 92.50 119.50 27.00 0.52 2.2 0.6 28
------------------------------------------------------------------
including 112.50 117.50 5.00 0.93 2.3 1.0 49
------------------------------------------------------------------
TU-12-231 176.00 180.00 4.00 0.15 7.5 0.3 15
---------------------------------------------------------------------------
TU-12-232 42.67 54.70 12.03 0.65 8.2 0.8 40 49775N
------------------------------------------------------------------
TU-12-232 69.70 88.35 18.65 0.28 8.6 0.4 22
------------------------------------------------------------------
including 71.70 73.70 2.00 0.78 29.3 1.4 68
------------------------------------------------------------------
TU-12-232 298.80 305.90 7.10 0.06 12.6 0.3 16
---------------------------------------------------------------------------
TU-12-233 84.00 92.00 8.00 0.29 1.2 0.3 16 10950E
---------------------------------------------------------------------------
TU-12-234 28.30 73.00 44.70 0.65 4.1 0.7 37 11050E
------------------------------------------------------------------
including 65.40 71.00 5.60 1.00 6.7 1.1 57
---------------------------------------------------------------------------
TU-12-235 61.50 64.50 3.00 0.17 1.8 0.2 11 50225N
------------------------------------------------------------------
TU-12-235 268.00 302.50 34.50 0.08 15.6 0.4 20
------------------------------------------------------------------
including 280.00 283.50 3.50 0.15 47.8 1.1 55
------------------------------------------------------------------
TU-12-235 309.00 314.00 5.00 0.29 13.5 0.6 28
------------------------------------------------------------------
TU-12-235 336.50 353.00 16.50 0.08 14.6 0.4 18
------------------------------------------------------------------
including 339.95 341.50 1.55 0.14 49.9 1.1 57
---------------------------------------------------------------------------
TU-12-236 113.00 141.00 28.00 0.56 1.7 0.6 30 11000E
------------------------------------------------------------------
TU-12-236 147.00 150.00 3.00 0.70 4.9 0.8 40
---------------------------------------------------------------------------
TU-12-237 49.16 150.00 100.84 0.67 7.5 0.8 41 11050E
------------------------------------------------------------------
including 57.25 63.25 6.00 1.74 8.5 1.9 96
------------------------------------------------------------------
including 81.50 86.50 5.00 1.23 3.7 1.3 65
------------------------------------------------------------------
including 114.50 120.50 6.00 1.19 10.0 1.4 70
------------------------------------------------------------------
including 130.00 142.00 12.00 0.97 23.5 1.4 72
---------------------------------------------------------------------------
TU-12-238 126.00 246.50 120.50 1.31 19.0 1.7 85 11000E
------------------------------------------------------------------
including 173.50 234.00 60.50 2.21 35.8 2.9 146
------------------------------------------------------------------
including 202.00 206.50 4.50 5.56 121.0 8.0 399
------------------------------------------------------------------
including 215.00 217.00 2.00 4.30 90.9 6.1 306
------------------------------------------------------------------
including 222.50 228.00 5.50 6.78 198.8 10.8 538
---------------------------------------------------------------------------
TU-12-239 30.48 54.25 23.77 0.50 6.2 0.6 31 11050E
------------------------------------------------------------------
TU-12-239 88.40 100.40 12.00 0.08 7.9 0.2 12
---------------------------------------------------------------------------
TU-12-241 30.48 67.05 36.57 0.46 4.9 0.6 28 11050E
------------------------------------------------------------------
including 44.00 51.21 7.21 0.98 11.5 1.2 60
------------------------------------------------------------------
TU-12-241 73.60 98.85 25.25 0.26 1.0 0.3 14
------------------------------------------------------------------
TU-12-241 107.85 127.41 19.56 0.30 8.9 0.5 24
------------------------------------------------------------------
TU-12-241 140.40 162.60 22.20 0.15 21.4 0.6 29
------------------------------------------------------------------
TU-12-241 185.50 200.65 15.15 0.11 39.5 0.9 45
------------------------------------------------------------------
including 189.00 189.60 0.60 0.50 356.0 7.6 381
------------------------------------------------------------------
including 199.15 199.65 0.50 0.94 415.0 9.2 462
---------------------------------------------------------------------------
TU-12-242 62.30 73.00 10.70 1.28 1.0 1.3 65 11000E
------------------------------------------------------------------
including 63.30 67.00 3.70 2.34 2.8 2.4 120
---------------------------------------------------------------------------
TU-12-243 104.00 128.00 24.00 0.14 11.0 0.4 18 49775N
------------------------------------------------------------------
including 134.00 138.00 4.00 0.29 17.1 0.6 32
---------------------------------------------------------------------------
TU-12-244 83.00 85.00 2.00 0.28 1.4 0.3 15 50225N
------------------------------------------------------------------
TU-12-244 335.50 344.00 8.50 0.03 45.5 0.9 47
------------------------------------------------------------------
including 337.72 341.00 3.28 0.04 84.3 1.7 86
---------------------------------------------------------------------------
TU-12-245 29.50 38.00 8.50 0.25 4.1 0.3 17 10950E
------------------------------------------------------------------
TU-12-245 102.00 156.00 54.00 0.27 2.6 0.3 16
------------------------------------------------------------------
TU-12-245 177.00 183.00 6.00 0.28 3.1 0.3 17
---------------------------------------------------------------------------
TU-12-246 12.19 63.70 51.51 0.45 11.9 0.7 34 49775N
------------------------------------------------------------------
including 12.19 19.50 7.31 1.03 20.1 1.4 72
------------------------------------------------------------------
TU-12-246 97.40 106.30 8.90 0.43 99.6 2.4 121
------------------------------------------------------------------
including 97.40 98.00 0.60 4.47 988.0 24.2 1212
------------------------------------------------------------------
TU-12-246 208.50 214.00 5.50 0.79 112.1 3.0 152
------------------------------------------------------------------
including 211.00 213.00 2.00 1.72 225.0 6.2 311
---------------------------------------------------------------------------
TU-12-247 38.00 48.00 10.00 0.27 1.6 0.3 15 10950E
------------------------------------------------------------------
TU-12-247 62.00 70.00 8.00 0.18 2.6 0.2 12
------------------------------------------------------------------
TU-12-247 119.00 148.74 29.74 1.16 3.0 1.2 61
---------------------------------------------------------------------------
The Company has mobilised crews back to the Tuligtic project and
plans to resume drilling operations shortly. Below is a plan map
and relevant sections 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.
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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