Exploration And Development Results At Tuligtic Project

 

VANCOUVER, BC - Almaden Minerals Ltd. reported further assay results from Almaden's ongoing exploration and development program at the Tuligtic project, Mexico. Results from drill holes TU-16-467, 468 and 469, all drilled on section 10+625 East have been received. Hole TU-16-465 intersected what is likely a new zone of high grade veining within the Amended PEA pit, while all three holes intersected significant mineralization and veining immediately outside of the Amended PEA pit. The holes were all drilled from the same pad and intersected the previously defined subvertical Ixtaca North vein zone as well as the new zones of veining. 

The mineralization reported confirms the presence of additional important zones of veining immediately adjacent to the Ixtaca Zone and points to the exploration potential of the project in general. The Ixtaca Zone 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 Ixtaca Zone, however results clearly show the potential for additional mineralization, not only proximal to the deposit, but more broadly project wide beneath the high level clay alteration.

Currently, geotechnical drilling relating to ongoing pre-feasibility work is nearing completion while exploration drilling is ongoing and further exploration results will be reported once received. 

J.D. Poliquin, Chairman, said, “Results once again show the presence of the high grade veins on the Tuligtic project. While we are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and are currently busy with engineering work and studies towards producing a PFS, we are also conducting exploration drilling to test for additional resource potential."