This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Almaden Continues To Hit At Ixtaca North And Intersects 10.00 M Of 3.05 G/T Au And 198.8 G/T Ag (7.0 G/T AuEq) On Main Ixtaca Zone, Adds Fourth Drill To Program

In first section of release under heading "Hole TU-11-65 MAIN IXTACA ZONE", second line changed to read "77.0 g/t silver (2.5 g/t gold equivalent)" (originally “134.4 g/t silver (4.35 g/t gold equivalent)”).

The corrected release reads:

ALMADEN CONTINUES TO HIT AT IXTACA NORTH AND INTERSECTS 10.00 M OF 3.05 G/T AU AND 198.8 G/T AG (7.0 G/T AUEQ) ON MAIN IXTACA ZONE, ADDS FOURTH DRILL TO PROGRAM

Almaden Minerals Ltd. (“Almaden” or “the Company”; AMM: TSX; AAU: NYSE AMEX) is pleased to announce results from the on-going drilling at the Ixtaca Zone with holes TU-11-56, 60, 61, 62 and 65. Holes TU-11-56, 60 and 61 were drilled 180 degrees away from the known Ixtaca veining (at a 330 azimuth) and intersected the zone of mineralisation now referred to as Ixtaca North. The orientation of the Ixtaca North zone remains poorly understood. Hole TU-11-65 was drilled into the main Ixtaca Zone. This hole started in ash and only intersected a portion of the Ixtaca Zone. Final assays remain pending for holes TU-11-59, 63 and 64.

Highlights from the current group of assays include the following intercepts:

    Hole TU-11-56 IXTACA NORTH ZONE:
34.06 meters @ 1.63 g/t gold and 56.2 g/t silver (2.8 g/t gold equivalent)

Including: 5.25 meters @ 5.26 g/t gold and 77.7 g/t silver (6.8 g/t gold equivalent)

24.85 meters @ 0.75 g/t gold and 163.4 g/t silver (4.0 g/t gold equivalent)
Including 1.26 meters @ 2.45 g/t gold and 853.5 g/t silver (19.5 g/t gold equivalent)
 
Hole TU-11-60 IXTACA NORTH ZONE:
18.00 meters @ 0.42 g/t gold and 32.3 g/t silver (1.1 g/t gold equivalent)
Including 1.48 meters @ 2.56 g/t gold and 223.3 g/t silver (7.0 g/t gold equivalent)
 
Hole TU-11-61 IXTACA NORTH ZONE:
34.76 meters @ 0.27 g/t gold and 18.8 g/t silver (0.6 g/t gold equivalent)
Including 14.40 meters @ 0.44 g/t gold and 26.4 g/t silver (1.0 g/t gold equivalent)
3.15 meters @ 0.89 g/t gold and 67.9 g/t silver (2.3 g/t gold equivalent)
 
Hole TU-11-65 MAIN IXTACA ZONE:
100.80 meters @ 0.58 g/t gold and 46.2 g/t silver (1.5 g/t gold equivalent)

Including 48.78 meters @ 0.95 g/t gold and 77.0 g/t silver (2.5 g/t gold equivalent) and 10.00 meters @ 3.05 g/t gold and 198.8 g/t silver (7.0 g/t gold equivalent)

J.D. Poliquin, Chairman of Almaden commented, “These new holes continue to show that the Ixtaca zone is a robust and wide system of veining. The veining of the Ixtaca North zone indicates that the overall Ixtaca vein system is wider than previously known. Overall, drilling to date on the Ixtaca zone also shows good continuity of mineralisation in both horizontal and vertical dimensions. We are very pleased with these new results which further expand the known extent of the Ixtaca zone. We now have four drills on site.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,010.68 -115.44 -0.64%
S&P 500 2,107.39 -13.40 -0.63%
NASDAQ 5,070.0260 -27.95 -0.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs