Sep. 9, 2010 (TheNewswire.ca) --
Windstorm Resources Inc. (TSX-V: WSR, "Windstorm") is pleased to announce that it has entered into an option agreement with Almaden Minerals (AMEX:AAU) (TSX:AMM) Ltd. (TSX: AMM; AMEX: AAU - "Almaden") on Almaden`s Caldera gold project located in Puebla State, Mexico. The Caldera project is located 10 km from Almaden's new Ixtaca Zone discovery on its Tuligtic property, where the discovery drill hole intersected 302.41 meters averaging 1.01 g/t gold and 48 g/t silver, including 1.67 meters averaging 60.66 g/t gold and 2112 g/t silver1. The Caldera property also has similarities to Almaden's Caballo Blanco property, located 150 km to the east and under option to Goldgroup Mining Inc. (TSX:GGA) (OOTC:GGAZF) ("Goldgroup"). Goldgroup has announced a 43-101 compliant resource of 34.3 million tonnes averaging 0.60 g/t Au, containing 656,000 oz Au2.
"This agreement with Almaden marks an important milestone for Windstorm," stated Dr. David Terry, Director. "The Caldera project's proximity to Almaden's significant new Ixtaca Zone discovery and geological similarities to Caballo Blanco significantly enhances the Company's discovery potential."
The road accessible Caldera project was discovered by Almaden in 2007 and lies at the eastern end of the Trans Mexican Volcanic Belt. The property covers an 8km by 2km zone of intense acid sulphate alteration, including zones of massive to vuggy silica, quartz-alunite and kaolinite, that appears to represent the very top levels of a well-preserved high sulphidation epithermal precious metal system. Rock samples taken to date in areas of acid sulphate alteration have returned values ranging from below detection to 40 ppb gold with elevated arsenic and mercury values. Work to date by Almaden has included geological and alteration mapping, soil and rock sampling and an induced polarization geophysical survey. High priority target areas are characterized by a combination of intense alteration, anomalous precious metal and pathfinder element geochemistry and high resistivity. Drill permits are already in place. Windstorm plans to complete a comprehensive data review followed by a Phase I drilling program.
Windstorm has the right to earn up to a 60% interest in the Caldera project by issuing 1,000,000 shares to Almaden and completing $5,000,000 in exploration work over six years. Of the work requirement, $150,000 is a firm commitment to be spent in the first year of the agreement. This agreement is subject to TSX Venture Exchange approval.
The technical information contained in this release has been reviewed by Gerald Carlson, Ph.D., P.Eng., a Qualified Person as defined by National Instrument 43-101.
About Windstorm Resources Inc.:
Windstorm Resources Inc. is a new company focused on precious metals exploration in North America, led by an industry-renowned management team with technical expertise and market experience. Management will continue to evaluate quality drill-ready prospects aiming to build an attractive portfolio of gold and silver projects offering multiple opportunities for discovery success. Windstorm is a member of the Grosso Group, a management company specializing in resource exploration for over 17 years.
About Grosso Group Management Ltd.:
Grosso Group is a management group founded in 1993 and is recognized as a leading pioneer of mineral exploration in Argentina and Peru. The Group operates with the objective of creating investor value through the growth of its affiliated companies which include: Golden Arrow Resources (TSXV: GRG), Golden Alliance Resources (TSXV: GLL), Blue Sky Uranium (OOTC:BKUCF) (TSXV: BSK), Windstorm Resources (TSXV: WSR) and Panthera Exploration (OTCBB:PNXLF) (TSXV: PNX). For more information, please visit our website at: www.grossogroup.com
ON BEHALF OF THE BOARD
"David Terry"
__________________________
David Terry, Ph.D., P.Geo., Director
1Almaden Minerals Ltd. - Press Release dated August 9, 2010
2Goldgroup Mining Inc. - see www.goldgroupmining.com
For further information, please contact:
Corporate Communications at 604-687-1828 or 1-800-901-0058
info@windstormresources.com
www.windstormresources.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. Cautionary Note to US Investors: This news release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
2010
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