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Almaden Minerals Ltd.
Summary
| Project: | Tuligtic | |
|---|---|---|
| Deposit: | Ixtaca | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 9/13/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 13-9-2016: Almaden Minerals Ltd. announces an Exploration/Drilling Update report for its Ixtaca deposit at the Tuligtic project. Drilling results incl. 12.00m @ 2.70g/t Au, 114.8g/t Ag from 205.00m. Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Norm Dircks (Internal) | |
| ABSTRACT: | Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE MKT: AAU) is pleased to announce assay results from Almaden’s ongoing exploration and development program at the Company’s Tuligtic project, Mexico. Results from drill holes TU-16-463, 464 and 465, all drilled on section 10+550 East have been received. These results confirm the presence of a shallow dipping (“SD”) zone of veining adjacent and outside of the January 2016 Amended PEA pit. In addition, hole TU-16-465 intersected what is likely a new zone of high grade veining immediately beneath the Amended PEA pit, while TU-16-463 intersected two new veins located roughly 100 meters north of the previously known vein system. The holes were all drilled from the same pad and intersected the previously defined subvertical Ixtaca North vein zone as well as the new zones of veining (see attached section and plan maps). Highlights from these drillholes include the following intercepts for the Ixtaca North Zone and new zones. The mineralisation reported today confirms the presence of additional important zones of veining immediately adjacent to the Ixtaca Zone and points to the exploration potential of the project in general. The Ixtaca Zone was discovered in 2010 beneath a large area of largely barren clay alteration which has been confirmed subsequently to represent the upper portions of a gold and silver bearing epithermal vein system. Since the discovery Almaden has focussed its efforts on the development of the Ixtaca Zone, however today’s results clearly show the potential for additional mineralisation, not only proximal to the deposit, but more broadly project wide beneath the high level clay alteration. | |
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