Almaden Minerals Ltd.(TSX:AMM, AMEX:AAU, NYSE:AAU) announced final drill results from their maiden resource estimate at Ixtaca.
As quoted in the press release:
Hole TU-12-196 NORTHEAST EXTENSION SECTION 499+30N: 152.41 meters @ 0.46 g/t gold and 12.1 g/t silver (0.7 g/t gold equivalent), including 39.66 meters @ 1.21 g/t gold and 3.8 g/t silver (1.3 g/t gold equivalent);10.50 meters @ 3.11 g/t gold and 5.1 g/t silver (3.2 g/t gold equivalent); 4.40 meters @ 1.87 g/t gold and 119.9 g/t silver (4.3 g/t gold equivalent).
Chairman of Almaden, J.D. Poliquin, said:
These new results show the continued expansion of the overall Ixtaca vein system. We are excited to be working towards our maiden resource. Since the discovery in 2010 of the Main Ixtaca Zone we have found the parallel Ixtaca North Zone, the perpendicular Northeast Extension (Chemalaco) Zone and widespread mineralisation in the volcanic units. All of these zones remain open and drilling is on-going to expand the resource beyond the boundaries set for the maiden resource, a snapshot of drilling results to date.
Silver Demand Forecast And Silver Stocks To Buy
Click here to discover what the experts see coming in 2016 and beyond with our INN Insider's Report (value of $49) for FREE. Limited time offer. No credit card required.