For thousands of other reports visit RSC's Mineral Intellingence Map
Almaden Minerals Ltd.
Summary
| Project: | Tuligtic | |
|---|---|---|
| Deposit: | Ixtaca | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 10/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 31-10-2017: Almaden Minerals Ltd. announces an Exploration/Drilling Update report for its Ixtaca deposit at the Tuligtic project. Drilling results incl. 184.00m @ 1.25g/t Au, 54.0g/t Ag. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE Am | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Norm Dircks (Internal) | |
| ABSTRACT: | Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) is pleased to announce new assay results from Almaden’s ongoing exploration and development program at the Company’s Tuligtic project, Mexico. One drill rig is focused on step-out exploration drilling outside of the established resource area. A second drill rig is drilling holes for metallurgical samples related to the ongoing Feasibility Study. Where possible holes also serve as resource infill holes, as does the hole reported today, TU-17-513 drilled on section 10+600 East. This infill hole intersected the Main Ixtaca Zone vein swarm. These results provide the opportunity to communicate the high-grade nature of the Ixtaca gold-silver deposit which is largely comprised of zones of abundant high grade epithermal veins with low base metals hosted in barren limestone. Gold and silver in these veins occurs largely as electrum (an alloy of gold and silver) and other leachable sulphides. The boundaries of these vein zones, or swarms, with un-mineralised limestone are well defined both visually and by assay results and are therefore readily modelled for geologic and resource purposes. The many individual veins and veinlets within the vein swarms branch and re-connect, as well as locally change strike and dip, pinch and swell. The wireframe models constructed to define the overall vein zones therefore contain interspersed irregular zones of barren limestone wallrock. This inclusion of limestone dilution in the vein zone wireframes results in average reserve grades of 1.17 g/t AuEq (80.5 g/t AgEq), as reported in the Company’s Pre-Feasibility Study which was filed on SEDAR in May, 2017 (the “PFS”). Nevertheless, the actual occurrence of gold and silver in the limestone hosted Main Ixtaca Zone is in the form of high grade veins and veinlets, not, for example, as widespread low grade disseminated mineralisation. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report