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April 1, 2014
09:12 EDTAAUAlmaden Minerals provides exploration update for Ixtaca Zone
Almaden Minerals reported on the on-going exploration activities at the company's 100% owned Tuligtic project and Ixtaca Zone. A Preliminary Economic Assessment, or PEA, is currently being prepared by the independent engineering consultant groups Knight Piesold and Moose Mountain Technical Services. On the project, the company has commenced drilling operations. Currently one drill is working on a geo-mechanical data gathering program required for potential future studies. Geotechnical holes are also planned as part of this engineering focussed drill program. A second drill has been working on a small infill drilling program which is about to finish. For the remainder of 2014, Almaden plans to focus drilling on high-priority gold-silver exploration targets located near the Ixtaca deposit. These targets, defined by epithermal alteration, surface anomalous geochemistry and geophysics, are considered by the company to represent unique opportunities for discovery adjacent to the Ixtaca deposit, a blind drilling discovery made by Almaden in 2010. Other work currently underway includes environmental baseline studies and more advanced metallurgical test work.
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