New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 13, 2012
16:50 EDTAAUAlmaden Minerals discovers new area of mineralisation at Tuligtic property
Almaden Minerals is pleased to announce the discovery of a new area of mineralisation on Almaden's 100% owned Tuligtic property, Mexico called the Tano zone. Five holes were drilled to test an area of where anomalous gold was detected in soil samples taken previously by the company. One of the holes intersected significant mineralisation including 2.00 meters of 1.76 g/t gold. The Tano zone is one of several gold in soil anomalies on the greater than 14,000 hectare Tuligtic project that are located outside of the Ixtaca Zone. J.D. Poliquin, Chairman of Almaden, commented, "This new discovery shows that the greater than 14,000 hectare Tuligtic project has potential to host significant mineralisation well beyond the Ixtaca Zone discovery area. The results are preliminary in nature but follow-up drilling is planned on the Tano zone as well as the other areas of anomalous gold in soil on the project. On the Ixtaca Zone itself, we are excited to be working towards our maiden resource estimation, however, these new results from outside the resource area show that the resource has potential to grow significantly beyond its current edges. 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 continue to expand the resource beyond the boundaries set for the maiden resource."
News For AAU From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 21, 2015
16:34 EDTAAUAlmaden Minerals announces 'significant' silver mineralization in Ixtaca
Almaden Minerals announced additional results from Almaden's ongoing 2015 Ixtaca Zone exploration and development program at the company's 100% owned Tuligtic project, Mexico. The mineral resources incorporated into the PEA mine plan were comprised of 29% measured, 55% indicated and 16% inferred. The results reported Thursday are from hole TU-15-453, which intersected multiple zones of greater than 100 g/t silver, including two beneath the current PEA pit: 6.30 meters of 0.55 g/t Au and 119.6 g/t silver and 12.00 meters of 0.62 g/t gold and 104.3 g/t silver. Infill drilling is complete and the company's 2015 program is focused on engineering and environmental studies towards the completion of a pre feasibility study. Geotechnical drilling is currently being conducted on the property and additional sample material is being collected for the ongoing metallurgical testing program.
May 15, 2015
12:57 EDTAAUAlmaden Minerals enters into arrangement to spin out assets
Almaden Minerals announces that, further to its news releases dated October 21, 2014, December 15, 2014 and March 2, 2015, the company has filed its Notice of Annual General and Special Meeting of Shareholders and the related Management Information Circular which describes, amongst other things, the proposed spin-out of Almaden's early stage exploration projects, royalty interests and certain other assets, into a new public company to be called Almadex Minerals Limited.Under the terms of the proposed spin-out, Almaden's current shareholders will receive, through a statutory plan of arrangement, for each existing share of Almaden held as at the closing date of the Plan of Arrangement, one "new" share of Almaden and 0.6 of a share of Almadex. Almadex will hold the following key assets: a 100% interest in the El Cobre Project in Mexico; a portfolio of 21 other exploration projects; a 2% NSR royalty on the Tuligtic Property in Mexico, which hosts the company's Ixtaca discovery; a portfolio of 21 additional NSR royalties on exploration projects in Mexico, Canada and United States identified through Almaden's past prospect generator activities; equity holdings in several publicly-listed companies; 1,597 ounces of gold bullion; and approximately $3M in cash. The Tuligtic property will remain in Almaden. Pursuant to the Plan of Arrangement, holders of outstanding Almaden warrants will receive, in exchange for each Warrant, one Almaden replacement warrant and 0.6 Almadex warrants, with the exercise prices of the Almaden replacement warrants and the Almadex warrants to be set on a basis established by the proportional market value of the two companies after completion of the Arrangement, as more fully described in the Circular. Holders of Almaden options will be treated in the same manner.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use