Business
Almaden Minerals Announces Opening of Local Community Water Reservoir
VANCOUVER, British Columbia, March 09, 2020 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) is pleased to a
About this update from Almaden Minerals Ltd.
[{"type":"text","content":" VANCOUVER, British Columbia, March 09, 2020 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE American) is pleased to announce that it has partnered with a local community group focused on irrigation development, and together with them coordinated with the Federal Government water authority (“CONAGUA”), to co-fund a new water reservoir in Zacatepec, a community located nearby the proposed Ixtaca mine development area. This reservoir is one of the projects identified which could bring immediate benefits to the local area even prior to Ixtaca development, and together with our partners we have now completed the first stage. Next steps will involve adding new pipelines, tanks, and other structures to enhance the irrigation potential in support of local agricultural production. Zacatepec is located within the social area of influence of the Ixtaca project, and has a population of approximately 240 people. On February 27th, 2020, Zacatepec hosted the opening ceremony for the reservoir with the Company, municipal representatives of CONAGUA, the local association of the “Irrigation Group of Small Producers A.C.” of the community of Zacatepec, and other community members. After the blessing of the water reservoir, the ceremony was finished with a meal in thanks for completion of the first stage of the project. A representative of the “Irrigation Group of Small Producers A.C.” observed that this reservoir \"will not only help to boost our current harvests, but also ensure that fewer people will have to leave the community due to lack of employment\". Almaden has been supporting local initiatives for many years, and is pleased to do so particularly when it can be as impactful as enhancing access to fresh water and expanding local irrigation capacity. As the Ixtaca project advances we look forward to additional projects we can support in partnership with local communities and authorities which enhance and diversify economic development opportunities in the region of the Ixtaca project. Almaden’s long-standing consultation with communities local to the Ixtaca project, which was formalized in 2017 under the highly structured social engagement mechanism known in Mexico by its acronym, “EVIS” (Trámite Evaluación de Impacto Social), has given the Company a deep appreciation for the immediate needs of lo...