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Almaden Minerals Ltd.
Summary
| Project: | Tuligtic | |
|---|---|---|
| Deposit: | Ixtaca | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 4/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 3-4-2017: Almaden Minerals Ltd. announces a Pre-Feasibility Study report for its Ixtaca deposit at the Tuligtic project. Initial Ore Reserve, updated mineral resource and Pre-feasibility study results. This Technical Report on the Preliminary Feasibility | |
| Resources: | (Reserve, P+P): 65.1Mt @ 0.62g/t Au, 37.7g/t Ag for 1.292Moz Au, 78.8Moz Ag contained at project | |
| CP/QP: | [Resources]: Gary Giroux (Giroux Consultants Ltd.) | |
| ABSTRACT: | This Technical Report on the Preliminary Feasibility Study (“PFS”) of the Ixtaca Gold-Silver Project (the “Project”) has been prepared for Almaden Minerals Ltd. (“Almaden” or “the Company”) by Moose Mountain Technical Services (“MMTS”) in conjunction with APEX Geoscience Ltd., Giroux Consultants Ltd, (“GCL”) and Knight Piésold Ltd. (“KP”). The Ixtaca Project is 100% owned by Almaden, subject to a 2% NSR owned by Almadex Minerals Limited (“Almadex”), and encompasses the Ixtaca Zone Deposit (Ixtaca GoldSilver Deposit) that includes the Ixtaca Main, North, and Chemalaco Zones of the Tuligtic Property. The Ixtaca deposit is well suited for a potential mining operation. A PFS level 14-year mine plan has robust economics and it is recommended that the Project proceed to Feasibility level. A detailed budget and plan for a Feasibility Study has been recommended with the additional work plans included for geotechnical, geomechanical, hydrological, metallurgical testing, mine planning optimization and permit advancement. A significant opportunity to produce byproducts from the limestone waste and tailings is described in Section 26 and should be investigated in the next phase of study. | |
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