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Almaden Minerals Ltd.
Summary
| Project: | Tuligtic | |
|---|---|---|
| Deposit: | Ixtaca | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 12/11/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 11-12-2018: Almaden Minerals Ltd. announces a Feasibility Study report for its Ixtaca deposit at the Tuligtic project. FS results incl. post-tax NPV of US $310M (5%), IRR of 42%, updated resource and reserve. Vancouver, B.C. Almaden Minerals Ltd. (“Almade | |
| Resources: | (Reserve, P+P): 73.1Mt @ 0.59g/t Au, 36.3g/t Ag for 1.387Moz Au, 85.1259Moz Ag contained | |
| CP/QP: | [Resources]: Gary Giroux (Giroux Consultants Ltd.) | |
| ABSTRACT: | Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) is pleased to report positive results of the independent Feasibility Study (the “Study”) prepared in accordance with National Instrument 43-101 (“NI 43-101”) for its 100% owned Ixtaca precious metals deposit, located in Puebla State, Mexico. The Study and resulting mine plan incorporate significant changes from an earlier Pre-Feasibility Study published by the Company (see Almaden news release of April 3rd, 2017) including filtered (dry stack) tailings, ore sorting, increased throughput and an improved mine schedule. Collectively the changes result in a reduced project footprint and improved economics. J. D. Poliquin, Chairman of Almaden stated, "We have advanced Ixtaca from our blind discovery in 2010 to its current position as an outstanding inventory of precious metals in a well-established mining jurisdiction with a very robust economic profile. Significant potential remains to increase resources through continued - 1 - drilling of portions of the Ixtaca project that remain open as well as other targets on this largely unexplored property. In the meantime, we are looking forward to further developing this deposit through permitting and construction to demonstrate our commitment to modern, responsible mining and the potential for Ixtaca to be a strong economic engine for the Company and the region in which it is located." Almaden engaged a team of consultants led by Moose Mountain Technical Services (“MMTS”) to undertake this Study. MMTS was responsible for mining, metallurgy, processing, infrastructure and the economic evaluation, APEX Geoscience Ltd. for exploration and drill data QA/QC, Giroux Consultants for the resources estimation, and SRK Consulting (U.S.), Inc. (“SRK”) for aspects related to geotechnical, tailings and water management. | |
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