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VANCOUVER, British Columbia, June 14, 2021 (GLOBE NEWSWIRE) — Almaden Minerals Ltd. (“Almaden” or “the Firm”; TSX: AMM; NYSE American: AAU) is happy to announce that it has accomplished a floor induced polarisation geophysical (IP) program on the Ixtaca deposit, Mexico (see Determine 1, Ixtaca Alteration Map).
The work was designed to assist outline drill targets beneath the realm of hydrothermal alteration referred to as the Southeast Alteration (SE) zone and at depth beneath the Ixtaca deposit (“Ixtaca Deeps”). The info from this survey are at present being processed and mixed with geologic, geochemical and geophysical knowledge collected up to now. It’s hoped that these outcomes, will establish extra discrete drill targets for a future diamond drill program to check for potential blind zones of veining beneath the SE alteration zone. The invention drill gap within the authentic Ixtaca deposit space, which is usually lined by overlying clay alteration much like that within the SE alteration zone, was deliberate partially primarily based on excessive resistivity and chargeability outcomes obtained in an earlier IP geophysical survey.
The Firm seems ahead to updating shareholders additional as soon as drilling plans are outlined.
Background to the SE Alteration Zone
The SE Alteration Zone includes white argillic (clay-altered) volcanics and, most apparently, clusters of anomalies recognized from a hyperspectral survey that embody the spectral signatures of necessary epithermal alteration minerals comparable to kaolinite, alunite and buddingtonite. The SE Alteration Zone lies nicely exterior of the present Ixtaca deposit useful resource space.
In November, 2020, the Firm introduced the invention of a number of areas of veining cropping out throughout the SE Alteration Zone, and seventeen samples of the veining have been collected and submitted for evaluation to ALS World in Zacatecas, Mexico. All however one pattern returned under detection gold and silver, with the exception returning a worth of 62 ppb gold. Nevertheless, despite the fact that the outcrops are leached and weathered, lots of the samples additionally returned elevated values for epithermal pathfinder components that are generally discovered within the greater elements of epithermal alteration zones. The presence of pathfinder components in these samples may be very encouraging because it corroborates the Firm view that the SE Alteration Zone may characterize the upper ranges of a possible underlying epithermal system. It’s fairly typical that the upper elements of those programs comprise negligible valuable metals values.
Background to the Ixtaca Deeps Goal
The Major Ixtaca Zone of the Ixtaca deposit is hosted by limestone the place the veins type a large zone of veining known as a vein swarm. This vein swarm in limestone has been the first focus of the Firm’s exploration efforts to this point and the Feasibility Examine degree technical examination of the Ixtaca deposit (for additional info, see “Ixtaca Gold-Silver Undertaking, Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Examine”, which was ready in accordance with NI 43-101, and is out there below the Firm’s profile on SEDAR and on the Firm’s web site).
Adjoining to the Major Ixtaca Zone, shaley carbonate rocks host the extra discrete focussed gold-silver vein associated mineralisation of the Northeast Extension Zone, which additionally has greater related zinc and lead values. Based mostly on structural interpretation, the Major Ixtaca Zone gold-silver vein swarm may very well be the higher a part of a vein system which transitions at depth to structurally managed silver-lead-zinc dominated mineralisation the place the Northeast Extension Zone would challenge down dip beneath the Major Ixtaca Zone (see Determine 2, Longitudinal Part of Major Ixtaca Zone and Cross Part of Northeast Extension Zone). This potential for metallic zonation from higher gold-silver to deep silver-lead-zinc mineralisation is supported by geologic interpretation, geologic fashions for epithermal valuable metallic deposits and observations made in different epithermal vein deposits in Mexico.
Norm Dircks, P.Geo., is a Certified Individual as outlined by Nationwide Instrument 43-101 (“NI 43-101”) and has reviewed and authorized the scientific and technical contents of this information launch.
About Almaden
Almaden Minerals Ltd. owns 100% of the Ixtaca challenge in Puebla State, Mexico, topic to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca deposit hosts a confirmed and possible reserve containing 1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tonnes grading 0.59 g/t Au and 36.3 g/t Ag). A report titled “Ixtaca Gold-Silver Undertaking, Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Examine”, which was ready in accordance with NI 43-101, is out there below the Firm’s profile on SEDAR and on the Firm’s web site. The Ixtaca Gold-Silver Deposit was found by Almaden in 2010.
On Behalf of the Board of Administrators,
“J. Duane Poliquin”
J. Duane Poliquin
Chairman
Almaden Minerals Ltd.
Protected Harbor Assertion
Sure of the statements and knowledge on this information launch represent “forward-looking statements” throughout the that means of the US Non-public Securities Litigation Reform Act of 1995 and “forward-looking info” throughout the that means of relevant Canadian provincial securities legal guidelines. All statements, aside from statements of historic reality, are forward-looking statements or info. Ahead-looking statements or info on this information launch relate to, amongst different issues: the chance of any discovery of benefit on the SE Alteration Zone or Ixtaca Deeps, and the chance of success of the geophysical program and its contribution to drilling plans.
These forward-looking statements and knowledge replicate the Firm’s present views with respect to future occasions and are essentially primarily based upon a variety of assumptions, together with assumptions in respect of Almaden’s monetary place, that, whereas thought-about affordable by the Firm, are inherently topic to important authorized, regulatory, enterprise, operational and financial uncertainties and contingencies, and such uncertainty typically will increase with longer-term forecasts and outlook. These assumptions embody: stability and predictability in Mexico’s mineral tenure, mining, environmental and agrarian legal guidelines and laws, in addition to their software and judicial choices thereon; continued respect for the rule of regulation in Mexico; costs for gold, silver and base metals remaining as estimated; forex alternate charges remaining as estimated; availability of funds; capital, decommissioning and reclamation estimates; mineral reserve and useful resource estimates; costs for power inputs, labour, supplies, provides and companies (together with transportation); no labour-related disruptions; all vital permits, licenses and regulatory approvals being obtained in a well timed method; the power to safe and keep title and possession to properties and the floor rights vital for operations; group help within the Ixtaca Undertaking; and the power to adjust to environmental, well being and security legal guidelines. The foregoing checklist of assumptions isn’t exhaustive.
The Firm cautions the reader that forward-looking statements and knowledge contain identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes and developments to vary materially from these expressed or implied by such forward-looking statements or info contained on this information launch. Such dangers and different elements embody, amongst others, dangers associated to: political threat in Mexico; crime and violence in Mexico; corruption; environmental dangers, together with environmental issues below Mexican legal guidelines and laws; impression of environmental impression evaluation necessities on the Firm’s deliberate exploration and improvement actions on the Ixtaca Undertaking; certainty of mineral title and the end result of litigation; group relations; governmental laws and the power to acquire vital licences and permits; dangers associated to mineral properties being topic to prior unregistered agreements, transfers or claims and different defects in title; modifications in mining, environmental or agrarian legal guidelines and laws and modifications within the software of requirements pursuant to present legal guidelines and laws which can enhance prices of doing enterprise and limit operations; in addition to these elements mentioned the part entitled “Danger Elements” in Almaden’s Annual Data Kind and Almaden’s newest Kind 20-F on file with the US Securities and Alternate Fee in Washington, D.C. Though the Firm has tried to establish necessary elements that would have an effect on the Firm and will trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements or info, there could also be different elements that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. There could be no assurance that our forward-looking statements or info will show to be correct. Accordingly, readers shouldn’t place undue reliance on forward-looking statements or info. Besides as required by regulation, the Firm doesn’t assume any obligation to launch publicly any revisions to on forward-looking statements or info contained on this information launch to replicate occasions or circumstances after the date hereof or to replicate the incidence of unanticipated occasions.
Contact Data:
Almaden Minerals Ltd.
Tel. 604.689.7644
Electronic mail: information@almadenminerals.com
https://www.almadenminerals.com/
Photographs accompanying this announcement can be found at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/bb3e71ce-d4a7-4825-bf33-5c7b8feb824a
https://www.globenewswire.com/NewsRoom/AttachmentNg/3bab910f-d54e-4d5f-83d7-407491a25831
