- Almaden Minerals (AMM) is resuming exploration around its Ixtaca Project
- Initial work will focus on identifying drill targets through further mapping and additional geophysics
- The company discovered the Ixtaca Gold-Silver Deposit in 2010 and owns 100 per cent interest
- The first drill is set to start working on March 17
- Almaden Minerals opened trading at C$0.90 per share
Almaden Minerals (AMM) is resuming exploration around its Ixtaca Project.
Initial work will focus on identifying drill targets in the area of the Southeast Alteration Zone through further mapping and additional geophysics.
The Southeast Alteration Zone lies well outside of the current Ixtaca deposit resource area.
The area measures about 1.5 kilometres east-west by 1 kilometre north-south, and is centred approximately 1 kilometre southeast of the Ixtaca deposit.
Since discovery with the first drill hole, exploration work at Ixtaca has been almost entirely focused on the discovery area
The company announced the discovery of several areas of veining cropping out within the Southeast Alteration Zone, and seventeen samples of the veining were collected and submitted for analysis.
The presence of pathfinder elements in these samples corroborates the company view that the Southeast Alteration Zone could represent the higher levels of a potential underlying epithermal system.
Almaden Minerals owns 100 per cent of the Ixtaca project in Puebla State, Mexico, which is subject to a 2.0 per cent Net Smelter Royalty (NSR) held by Almadex Minerals Ltd.
Almaden discovered the Ixtaca Gold-Silver Deposit in 2010.
Almaden Minerals opened trading at C$0.90 per share.
