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Stock Market & Financial Investment News

News Breaks
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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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.

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