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Almaden Minerals Down 3.5% After Announcing Ixtaca Zone Drilling Results

Almaden Minerals Ltd. (AMM.TO) announced results from the on-going drilling at the Ixtaca Zone with holes TU-11-43, 44, 46, 47, 48, 49, 50 and 52 and CA-11-04. It said Holes TU-11-47, 48 and 52 were drilled 180 degrees away from the known Ixtaca veining (at a 330 azimuth) and intersected a zone of mineralisation now referred to as Ixtaca North, the orientation of which is currently poorly understood. Hole TU-11-43 represents a 100 meter stepout to the northeast along the Ixtaca trend and intersected veining in the ash and its contact with limestone. "This mineralisation is interpreted to be leakage from a potential vein system below and will be tested with further drilling, however hole TU-11-43 clearly shows that veining continues along strike and remains open to the northeast. Final assays remain pending for holes TU-11-45 and 51."

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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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