Almaden Hits 111.25 Meters of 2.9 g/t AuEq (1.78 g/t Au, 54.7 g/t Ag) on Main Ixtaca Zone
20 Marzo 2013 - 7:05PM
Marketwired
Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE
MKT:AAU) is pleased to announce the first results from the 2013
drill program on the Ixtaca Zone of the Company's 100% owned
Tuligtic project, Mexico. Drilling continues to show the potential
of the Ixtaca Zone, and the high grade zones within it, to
grow.
J.D. Poliquin, Chairman of Almaden commented, "Our 2013
exploration drilling program is underway. Today's results from this
program further show the potential of the overall Ixtaca vein
system. 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."
Highlights from the holes released today include the following
intercepts (a more complete list of intercepts is shown in the
table below):
Hole TU-13-248 MAIN IXTACA ZONE, (AZIMUTH 070, DIP -40)
97.30 meters @ 0.44 g/t gold and 20.4 g/t silver (0.9 g/t gold equivalent)
Including 38.4 meters @ 0.67 g/t gold and 43.1 g/t silver
(1.5 g/t gold equivalent)
8.80 meters @ 1.37 g/t gold and 58.8 g/t silver (2.5 g/t gold equivalent)
2.30 meters @ 9.45 g/t gold and 85.3 g/t silver (11.2 g/t gold equivalent)
Hole TU-13-251 NORTHEAST EXTENSION (AZIMUTH 070, DIP -80)
5.30 meters @ 0.75 g/t gold and 152.4 g/t silver (3.8 g/t gold equivalent)
Hole TU-13-253 MAIN IXTACA ZONE, SECTION 11+000 E (AZIMUTH 330, DIP -40)
111.25 meters @ 1.78 g/t gold and 54.7 g/t silver (2.9 g/t gold equivalent)
Including 10.40 meters @ 13.53 g/t gold and 141.4 g/t silver
(16.4 g/t gold equivalent)
Includes 0.80 meters @ 167.00 g/t gold and 122.0 g/t silver
(169.4 g/t gold equivalent)
And 18.80 meters @ 1.52 g/t gold and 177.6 g/t silver
(5.1 g/t gold equivalent)
The Company currently has three drills operating at the
Tuligtic. Below is a plan map and relevant sections -
http://media3.marketwire.com/docs/AMM0320.pdf - 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.
--------------------------------------------------------------------------
From To Interval Au Ag AuEq AgEq
Hole # (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
--------------------------------------------------------------------------
TU-13-248 51.50 56.00 4.50 0.24 0.0 0.2 12
--------------------------------------------------------------------------
TU-13-248 77.50 174.80 97.30 0.44 20.4 0.9 43
--------------------------------------------------------------------------
including 91.00 129.40 38.40 0.67 43.1 1.5 76
--------------------------------------------------------------------------
including 95.50 106.07 10.57 0.82 55.8 1.9 97
--------------------------------------------------------------------------
including 109.00 112.50 3.50 1.65 158.3 4.8 241
--------------------------------------------------------------------------
TU-13-248 182.30 186.50 4.20 0.13 17.3 0.5 24
--------------------------------------------------------------------------
TU-13-248 197.90 206.70 8.80 1.37 58.8 2.5 127
--------------------------------------------------------------------------
TU-13-248 264.10 266.40 2.30 9.45 85.3 11.2 558
--------------------------------------------------------------------------
TU-13-248 280.00 289.00 9.00 0.14 13.6 0.4 21
--------------------------------------------------------------------------
TU-13-248 295.70 299.90 4.20 0.12 26.1 0.6 32
--------------------------------------------------------------------------
TU-13-248 394.10 396.70 2.60 0.20 9.0 0.4 19
--------------------------------------------------------------------------
TU-13-248 451.40 454.50 3.10 0.84 47.9 1.8 90
--------------------------------------------------------------------------
TU-13-248 459.00 463.10 4.10 0.53 16.1 0.9 43
--------------------------------------------------------------------------
TU-13-249 76.50 93.50 17.00 0.11 20.0 0.5 25
--------------------------------------------------------------------------
TU-13-249 107.00 136.50 29.50 0.22 26.9 0.8 38
--------------------------------------------------------------------------
including 108.90 114.60 5.70 0.55 84.6 2.2 112
--------------------------------------------------------------------------
including 108.90 110.10 1.20 1.89 110.0 4.1 204
--------------------------------------------------------------------------
TU-13-249 167.50 180.60 13.10 0.23 28.4 0.8 40
--------------------------------------------------------------------------
including 170.35 176.60 6.25 0.27 46.3 1.2 60
--------------------------------------------------------------------------
TU-13-249 207.00 210.00 3.00 0.04 22.4 0.5 24
--------------------------------------------------------------------------
TU-13-251 119.00 126.00 7.00 0.03 23.4 0.5 25
--------------------------------------------------------------------------
TU-13-251 140.15 160.00 19.85 0.28 47.9 1.2 62
--------------------------------------------------------------------------
including 140.65 145.95 5.30 0.75 152.4 3.8 190
--------------------------------------------------------------------------
including 140.65 143.20 2.55 0.70 213.9 5.0 249
--------------------------------------------------------------------------
TU-13-251 226.50 235.00 8.50 0.20 22.1 0.6 32
--------------------------------------------------------------------------
TU-13-253 48.16 159.41 111.25 1.78 54.7 2.9 144
--------------------------------------------------------------------------
including 102.20 112.60 10.40 13.53 141.4 16.4 818
--------------------------------------------------------------------------
including 102.20 106.00 3.80 36.33 287.0 42.1 2103
--------------------------------------------------------------------------
including 102.20 103.00 0.80 167.00 122.0 169.4 8472
--------------------------------------------------------------------------
including 133.00 151.80 18.80 1.52 177.6 5.1 253
--------------------------------------------------------------------------
including 136.00 142.60 6.60 1.52 289.4 7.3 365
--------------------------------------------------------------------------
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 $31 MM as of January 15th,
2013) 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. 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 Ago 2024 a Set 2024
Grafico Azioni Almaden Minerals (TSX:AMM)
Storico
Da Set 2023 a Set 2024