Business
Almaden Minerals Drills 25 Meters of 4.08 g/t Gold and 91.7 g/t Silver at Tuligtic Project
VANCOUVER, BC--(Marketwired - October 31, 2017) - Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX: AMM) (NYSE American: AAU) (NYSE MKT: AAU) is pleased
About this update from Almaden Minerals Ltd.
[{"type":"text","content":"VANCOUVER, BC--(Marketwired - October 31, 2017) - Almaden Minerals Ltd. (\"Almaden\" or \"the Company\") (TSX: AMM) (NYSE American: AAU) (NYSE MKT: AAU) is pleased to announce new assay results from Almaden's ongoing exploration and development program at the Company's Tuligtic project, Mexico. One drill rig is focused on step-out exploration drilling outside of the established resource area. A second drill rig is drilling holes for metallurgical samples related to the ongoing Feasibility Study. Where possible holes also serve as resource infill holes, as does the hole reported today, TU-17-513 drilled on section 10+600 East. This infill hole intersected the Main Ixtaca Zone vein swarm. Highlights include the following intercepts: Hole TU-17-513 SECTION 10+600 EAST Az. 150, Dip -55 184.00 meters @ 1.25 g/t Au and 54.0 g/t Ag (2.03 g/t AuEq, or 140.3 g/t AgEq) Including 32.50 meters @ 2.02 g/t Au and 109.2 g/t Ag (3.60 g/t AuEq, or 248.6 g/t AgEq) And 24.15 meters @ 1.58 g/t Au and 102.9 g/t Ag (3.07 g/t AuEq, or 211.9 g/t AgEq) And 25.00 meters @ 4.08 g/t Au and 91.7 g/t Ag (5.41 g/t AuEq, or 373.2 g/t AgEq) 1 Gold equivalent (\"AuEq\") and silver equivalent (\"AgEq\") values are calculated assuming a silver to gold ratio of 69:1. These results provide the opportunity to communicate the high-grade nature of the Ixtaca gold-silver deposit which is largely comprised of zones of abundant high grade epithermal veins with low base metals hosted in barren limestone. Gold and silver in these veins occurs largely as electrum (an alloy of gold and silver) and other leachable sulphides. The boundaries of these vein zones, or swarms, with un-mineralised limestone are well defined both visually and by assay results and are therefore readily modelled for geologic and resource purposes. The many individual veins and veinlets within the vein swarms branch and re-connect, as well as locally change strike and dip, pinch and swell. The wireframe models constructed to define the overall vein zones therefore contain interspersed irregular zones of barren limestone wallrock. This inclusion of limestone dilution in the vein zone wireframes results in average reserve grades of 1.17 g/t AuEq (80.5 g/t AgEq), as reported in ...