Business
Almaden Minerals Drills 10.50 Meters of 3.54 g/t Gold and 306.9 g/t Silver at Tuligtic Project
VANCOUVER, BC--(Marketwired - August 23, 2017) - Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX: AMM) (NYSE American: AAU) is pleased to announce new a
About this update from Almaden Minerals Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - August 23, 2017) - 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. Results reported today are from drill hole TU-17-504 drilled on section 10+650 East. This hole intersected significant mineralisation in an upper portion of the PFS pit which was modelled as waste material in the Company's Pre-Feasibility study (74.5 meters grading 0.66 g/t Au and 45.1 g/t Ag). Hole TU-17-504 also further demonstrated the potential for high grade veins within the Ixtaca North Zone (see plan and section maps attached). Highlights include the following intercepts: Hole TU-17-504 SECTION 10+650 EAST Az. 150, Dip -65 74.50 meters @ 0.66 g/t Au and 45.1 g/t Ag Ixtaca North Zone Including 19.00 meters @ 1.19 g/t Au and 121.2 g/t Ag Ixtaca North Zone And 3.75 meters @ 1.23 g/t Au and 95.5 g/t Ag Ixtaca North Zone 64.30 meters @ 0.79 g/t Au and 74.4 g/t Ag Ixtaca North Zone Including 3.45 meters @ 1.58 g/t Au and 97.4 g/t Ag Ixtaca North Zone And 10.50 meters @ 3.54 g/t Au and 306.9 g/t Ag Ixtaca North Zone 46.85 meters @ 0.49 g/t Au and 68.6 g/t Ag Ixtaca North Zone Including 0.70 meters @ 22.30 g/t Au and 2600.0 g/t Ag Ixtaca North Zone The mineralisation reported today confirms the importance of the emerging Ixtaca North Zone, and demonstrates the potential to convert what is currently classified as waste to ore-grade material through continued drilling in the area of the Ixtaca North zone. The Ixtaca deposit was discovered in 2010 beneath a large area of largely barren clay alteration which has been confirmed subsequently to represent the upper portions of a gold and silver bearing epithermal vein system. Since the discovery Almaden has focussed its efforts on the development of the Main Ixtaca Zone, however, today's results clearly show the potential for additional mineralisation, not only proximal to the deposit, but more broadly project wide beneath the high level clay alteration. Figure 1. Ixtaca Drill Plan Map Figure 2. Section 10650E Looking 60 degrees J.D. Poliquin, chairman of Almaden stated, \"While we have established Ixtaca as a prominent new di...