Business
Almaden Files Updated Preliminary Economic Assessment Technical Report for Its Ixtaca Gold-Silver Deposit, Mexico
VANCOUVER, BC--(Marketwired - January 22, 2016) - Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX: AMM) (NYSE MKT: AAU) announces that the independent N
About this update from Almaden Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC--(Marketwired - January 22, 2016) - Almaden Minerals Ltd. (\"Almaden\" or \"the Company\") (TSX: AMM) (NYSE MKT: AAU) announces that the independent NI 43-101 Preliminary Economic Assessment Update Technical Report (the \"PEA\"), for its gold-silver Ixtaca Deposit, Mexico, has been completed and filed on SEDAR. A summary of findings from the PEA were announced in Almaden's press release issued December 9th, 2015. The full report, \"Preliminary Economic Assessment of the Ixtaca Project\", prepared by Moose Mountain Technical Services (\"MMTS\") can be obtained from www.sedar.com. The independent qualified persons responsible for preparing the Ixtaca PEA are Tracey Meintjes, P.Eng. and Jesse Aarsen, P.Eng. of MMTS, Ken Embree, P.Eng. of Knight Piésold Ltd. (\"KP\"), Kris Raffle, P.Geo. of APEX Geoscience Ltd., and Gary Giroux, M.A.Sc., P.Eng. of Giroux Consultants Ltd., all of whom act as independent consultants to the Company, are Qualified Persons as defined by National Instrument 43-101 (\"NI 43-101\") and have reviewed and approved the contents of this news release. It should be noted that this PEA is preliminary in nature as it includes inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the PEA forecast will be realized or that any of the resources will ever be upgraded to reserves. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. Cautionary Note concerning estimates of Measured, Indicated and Inferred Mineral Resources This news release uses terms that comply with reporting standards in Canada and certain estimates are made in accordance with Canadian National Instrument 43-101 (\"NI 43-101\"). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes Canadian standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission (\"SEC\"), and mineral resource information contained herein may not be comparable to similar information disclosed by United States companies. This news release uses the terms \"meas...