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Almaden Minerals Ltd.
Summary
| Project: | Tuligtic | |
|---|---|---|
| Deposit: | Ixtaca | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 8/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 23-8-2017: Almaden Minerals Ltd. announces an Exploration/Drilling Update report for its Ixtaca deposit at the Tuligtic project. Drilling results incl. 64.3m @ 0.79g/t Au from 74.4m. Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE A | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Norm Dircks (Internal) | |
| ABSTRACT: | Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) is pleased to announce new assay results from Almaden’s ongoing exploration and development program at the Company’s Tuligtic project, Mexico. Results reported today are from drill hole TU-17-504 drilled on section 10+650 East. This hole intersected significant mineralisation in an upper portion of the PFS pit which was modelled as waste material in the Company’s Pre-Feasibility study (74.5 meters grading 0.66 g/t Au and 45.1 g/t Ag). Hole TU-17- 504 also further demonstrated the potential for high grade veins within the Ixtaca North Zone (see plan and section maps attached). Highlights include the following intercepts. The mineralisation reported today confirms the importance of the emerging Ixtaca North Zone, and demonstrates the potential to convert what is currently classified as waste to ore-grade material through continued drilling in the area of the Ixtaca North zone. The Ixtaca deposit 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 Main 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. J.D. Poliquin, chairman of Almaden stated, “While we have established Ixtaca as a prominent new discovery of gold and silver reserves, we are clearly only at the beginning of the discovery cycle at this project. Ongoing drilling in areas within and proximal to the PFS pit will provide very useful input into the continuing work to deliver a feasibility study early next year, and will begin the process of testing new targets on the Tuligtic claim.” | |
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