Business
Almaden Hits 43.0 Meters of 2.26 g/t Au, 85.7 g/t Ag Including 12.75 Meters of 6.1 g/t Au and 158.5 g/t Ag in Ixtaca Zone Metallurgical / Infill Drillhole
VANCOUVER, BC--(Marketwired - February 22, 2016) - Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX: AMM) (NYSE MKT: AAU) is pleased to announce partial
About this update from Almaden Minerals Ltd.
[{"type":"text","content":" VANCOUVER, BC--(Marketwired - February 22, 2016) - Almaden Minerals Ltd. (\"Almaden\" or \"the Company\") (TSX: AMM) (NYSE MKT: AAU) is pleased to announce partial assay results from Almaden's Ixtaca Zone exploration and development program at the Company's 100% owned Tuligtic project, Mexico. Drill hole TU-15-457 was drilled into limestone hosted mineralisation in the core of the updated PEA pit, between holes on section 10 + 500, in order to better define the high grade zone and to provide additional metallurgical sample material for the final stages of the Company's ongoing Pre-Feasibility (\"PFS\") metallurgical program. Highlights from hole TU-15-457 released today include the following intercepts: Hole # From (m) To (m) Interval (m) Au (g/t) Ag (g/t) TU-15-457 94.50 108.00 13.50 0.93 79.3 including 94.50 96.00 1.50 4.72 403.0 TU-15-457 119.00 162.00 43.00 2.26 85.7 including 125.30 130.00 4.70 1.70 148.3 including 148.50 161.25 12.75 6.10 158.5 TU-15-457 184.00 196.00 12.00 0.35 27.8 including 184.00 185.70 1.70 0.68 148.5 Recently the Company released a positive Preliminary Economic Assessment (\"PEA\") on the Ixtaca deposit (see news release dated December 9th, 2015). Approximately 97% of the mineral resources incorporated into the updated PEA mine plan were in the Measured and Indicated categories. The Company is currently designing a 2016 exploration drill program to test for additional high grade vein structures immediately adjacent to known mineralisation and the PEA pit. J.D. Poliquin, chairman of Almaden, stated, \"Today's results once again show the continuity of the high grade core of the Ixtaca deposit. We are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico and are currently busy with engineering work and studies towards producing a PFS.\" About the Ixtaca Deposit PFS Program Development related activities are currently underway, incl...