Almaden Minerals Ltd. (TSX:AMM)(NYSE Amex:AAU) has reported results from an additional 30 holes drilled at the Company's wholly owned Elk gold project in southern BC.
Significant intercepts in holes SND-10-21 to 29, 32, 34 and 40 to 48 are reported in the table below. Only partial data exists for holes SND-10-30 and 34 at this time. Results these holes and SND-10-31 and SND-10-35-39 will be reported in a future news release. The holes were drilled into the resource area where a 43-101 compliant resource has been reported (see Almaden news release of October 6, 2009) as part of a program designed to increase the confidence level of the resource and expand the known mineralisation.
J.D. Poliquin, Chairman of Almaden commented, "These further results from our 2010 program are continued confirmation of both the high grade and bulk tonnage potential of the Elk deposit. We are excited about the resource we have developed at Elk and hope to release the results of a Preliminary Economic Assessment and updated resource estimation later this month."
Brian Alexander, P.Geo., a qualified person under the meaning of National Instrument 43-101, is supervising the 2010 exploration program at the Elk Project and has reviewed the technical information in this news release. The analyses reported were carried out at ALS Chemex Laboratories of North Vancouver using industry standard aqua regia, ICP and fire assay techniques. Blanks, field duplicates and certified standards were inserted into the sample stream as part of Almaden's quality assurance and control program which complies with National Instrument 43-101 requirements. Intervals that returned assays below detection were assigned zero values. Composites were calculated using a cut-off grade of 0.25 g/t gold and with a maximum of 5 meters internal dilution (values below 0.25 g/t). Reported widths are intersection and not true widths.
Source: Almaden Minerals Ltd.