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.

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

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