Markets

Almaden Minerals Down 2% After Mexico Update

Almaden Minerals Ltd. (AMM.TO) reported to its shareholders the results contained in a news release of Goldgroup Mining Inc. (GGA.TO), in which Goldgroup announced that additional diamond drill holes at the company's Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts, extending the La Paila oxide gold zone to the southwest.

Almaden's 30% interest in the project is carried until a bankable feasibility study has been completed by Goldgroup. In the August 11, 2011 release Goldgroup also reported that drilling at Caballo Blanco remains ongoing to define and to expand the eastern, southern and southwestern flanks of the La Paila gold zone as the zone currently remains open in these directions.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More