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Almaden Minerals Ltd.
Summary
| Project: | Tuligtic | |
|---|---|---|
| Deposit: | Ixtaca | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 5/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 31-5-2018: Almaden Minerals Ltd. announces an Exploration/Drilling Update report for its Ixtaca deposit at the Tuligtic project. Drilling results incl. 89.50m @ 0.83g/t Au, 2.3g/t Ag from 154.0m. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM | |
| 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 further assay results from Almaden’s ongoing exploration and development program at the Company’s Ixtaca gold-silver project, Mexico. Today’s results are from the Tano Zone which is located about 1.2 kilometres south west, along strike from the Main Ixtaca Zone and the 2017 Pre-Feasibility Study (“PFS”) pit. The orientations of the new vein zones intersected in the holes reported today are not well understood and true widths cannot be calculated at this time. The Tano zone covers an area of exposed volcanic and breccia hosted alteration and elevated gold in soil samples. Previous drilling in this area identified veining and mineralisation. Further interpretation of these past results led to the drilling of the holes released today which now confirm significant mineralisation in this part of the property. There is no drilling between the holes announced today and the PFS pit area, along the 060 Azimuth trend of the Main Ixtaca Zone, and this gap is considered highly prospective. Highlights of today’s results include the following intercepts J.D. Poliquin, chairman of Almaden stated, “These further results demonstrate the potential for an important new mineralised zone well outside of the PFS pit and resource area. These results also show the potential for further discoveries within the project area and for the Ixtaca mine plan to grow with continued exploration. Ongoing drilling will continue to seek more such zones even as the engineering work and the Feasibility Study progress.” About the Ixtaca Deposit Feasibility Program The Company has selected independent engineers Moose Mountain Technical Services (“MMTS”) and SRK Consulting to lead the feasibility study. Various feasibility-related programs are currently underway, including | |
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