Almaden Gives Replace on Prospect Drilling at Ixtaca

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VANCOUVER, British Columbia, Oct. 07, 2021 (GLOBE NEWSWIRE) — Almaden Minerals Ltd. (“Almaden” or “the Firm”; TSX: AMM; NYSE American: AAU) is happy to report preliminary outcomes from the primary gap drilled in 2021 within the Southeast Alteration Zone (“SE Alteration Zone”) of the Ixtaca property in Puebla State, Mexico. Drilling at Ixtaca has been deliberate to take a phased strategy and can initially deal with targets established on the SE Alteration Zone which is situated roughly one kilometre from the Ixtaca deposit space (See Determine 1).

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After the primary gap was deserted in altered volcanic at 75.59m depth, the second gap of this system, TU-21-552 was drilled to a depth of 785.77 m. This gap encountered a extremely altered volcanic unit overlying basement shaley carbonate sedimentary rocks, the transition to which is marked by a basal conglomerate breccia. This geologic succession can be seen within the Ixtaca deposit space. Anomalous pathfinder components in addition to some quick intervals of elevated gold values had been returned from the extremely altered volcanic rocks. Instantly beneath the volcanic unit a number of dykes had been intersected crossing the shale. These dykes are altered, veined and pyritised and are interpreted to be just like the altered dykes seen within the Ixtaca deposit space. Extremely altered and pyritised dykes had been additionally intersected close to the tip of the opening. Gap TU-21-552 is interpreted to have lower the higher reaches of a giant excessive stage epithermal alteration zone. Additional drilling is deliberate and ongoing elsewhere within the SE alteration as exploration continues for brand spanking new as but undiscovered vein programs. An interpreted part for gap TU-21-552 is offered within the information launch together with a plan exhibiting the SE Alteration Zone and drillhole places. Extra extra detailed sampling is being deliberate on as but unsampled intervals from gap TU-21-552.

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In regards to the SE Alteration Zone
Work over the previous a number of months on the SE Alteration Zone has included geophysics and geological mapping. As reported within the Fall of 2020, this space measures about 1.5 kilometres (km) east-west by 1 km north-south and is centred roughly 1 km southeast of the Ixtaca deposit.

The SE Alteration Zone contains argillic (clay-altered) volcanics together with clusters of anomalies recognized from a hyperspectral survey that embrace the spectral signatures of necessary epithermal alteration minerals equivalent to kaolinite, alunite and buddingtonite.

In November, 2020, the Firm introduced the invention of a number of areas of veining cropping out inside the SE Alteration Zone, and seventeen samples of the veining had been collected and submitted for evaluation to ALS World in Zacatecas, Mexico. All however one pattern returned beneath detection gold and silver, with the exception returning a price of 62 ppb gold. Nonetheless, though the outcrops are leached and weathered, lots of the samples additionally returned elevated values of epithermal pathfinder components that are generally discovered within the larger components of epithermal alteration zones. The presence of pathfinder components in these samples may be very encouraging because it corroborates the Firm view that the SE Alteration Zone might characterize the upper ranges of a possible underlying epithermal system. It’s fairly typical that the upper components of those programs comprise negligible valuable metals values.

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The SE Alteration Zone lies exterior of the present Ixtaca deposit useful resource space, which was the main focus of a Feasibility Research (outcomes of which had been introduced by the Firm in December, 2018). A report titled “Ixtaca Gold-Silver Venture, Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Research”, which was ready in accordance with NI 43-101, is offered beneath the Firm’s profile on SEDAR and on the Firm’s web site.

J. Duane Poliquin, Chairman of Almaden, said, “This primary gap has confirmed the big scale of the alteration within the SE Alteration and offered concentrating on for follow-up work which was the target. The unique Ixtaca discovery was made by way of intelligent geologic meeting of printed data and on-the-ground remark of area knowledge. This has resulted within the discovery of an financial gold-silver deposit as outlined within the Feasibility Research, with proof (geologic, geochemical, geophysical) for the potential for an analogous deposit, in addition to the potential for deeper valuable/base metallic deposit(s). It is rather thrilling to return to prospect drilling of a few of the blue sky targets which were recognized on this property.”

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All work performed as a part of this program is being performed in strict accordance with COVID-19 security protocols, and employs native individuals wherever doable.

Norm Dircks, P.Geo., is a Certified Individual as outlined by Nationwide Instrument 43-101 (“NI 43-101”) and has reviewed and accredited the technical contents of this information launch.

About Almaden
Almaden Minerals Ltd. owns 100% of the Ixtaca mission in Puebla State, Mexico, topic to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca deposit hosts a confirmed and possible reserve containing 1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tonnes grading 0.59 g/t Au and 36.3 g/t Ag). A report titled “Ixtaca Gold-Silver Venture, Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Research”, which was ready in accordance with NI 43-101, is offered beneath the Firm’s profile on SEDAR and on the Firm’s web site. The Ixtaca Gold-Silver Deposit was found by Almaden in 2010.

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On Behalf of the Board of Administrators,

“J. Duane Poliquin”        
J. Duane Poliquin, P. Eng
Chairman
Almaden Minerals Ltd.

Ahead Wanting Statements

Sure of the statements and knowledge on this information launch represent “forward-looking statements” inside the that means of america Personal Securities Litigation Reform Act of 1995 and “forward-looking data” inside the that means of relevant Canadian provincial securities legal guidelines. All statements, apart from statements of historic reality, are forward-looking statements or data. Ahead-looking statements or data on this information launch relate to, amongst different issues: the end result or nature of any exploration applications at Ixtaca, and the power of the Firm to adjust to COVID-19 associated well being protocols.

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These forward-looking statements and knowledge replicate the Firm’s present views with respect to future occasions and are essentially based mostly upon a variety of assumptions, together with assumptions in respect of each Almaden’s and the relevant Mexican Authorities’ authorized positions, that, whereas thought of cheap by the Firm, are inherently topic to vital authorized, regulatory, enterprise, operational and financial uncertainties and contingencies, and such uncertainty usually will increase with longer-term forecasts and outlook. These assumptions embrace: stability and predictability in Mexico’s mineral tenure, mining, environmental and agrarian legal guidelines and rules, in addition to their software and judicial choices thereon; continued respect for the rule of legislation in Mexico; costs for gold, silver and base metals remaining as estimated; forex change charges remaining as estimated; availability of funds; capital, decommissioning and reclamation estimates; mineral reserve and useful resource estimates; costs for vitality inputs, labour, supplies, provides and providers (together with transportation); no labour-related disruptions; all essential permits, licenses and regulatory approvals being acquired in a well timed method; the power to safe and keep title and possession to properties and the floor rights essential for operations; group assist within the Ixtaca Venture; and the power to adjust to environmental, well being and security legal guidelines. The foregoing listing of assumptions shouldn’t be exhaustive.

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The Firm cautions the reader that forward-looking statements and knowledge contain recognized and unknown dangers, uncertainties and different components that will trigger precise outcomes and developments to vary materially from these expressed or implied by such forward-looking statements or data contained on this information launch. Such dangers and different components embrace, amongst others, dangers associated to: political danger in Mexico; crime and violence in Mexico; corruption; environmental dangers, together with environmental issues beneath Mexican legal guidelines and rules; impression of environmental impression evaluation necessities on the Firm’s deliberate exploration and improvement actions on the Ixtaca Venture; certainty of mineral title and the end result of litigation; group relations; governmental rules and the power to acquire essential licences and permits; dangers associated to mineral properties being topic to prior unregistered agreements, transfers or claims and different defects in title; modifications in mining, environmental or agrarian legal guidelines and rules and modifications within the software of requirements pursuant to current legal guidelines and rules which can enhance prices of doing enterprise and prohibit operations; in addition to these components mentioned the part entitled “Danger Elements” in Almaden’s Annual Info Kind and Almaden’s newest Kind 20-F on file with america Securities and Change Fee in Washington, D.C. Though the Firm has tried to determine necessary components that might have an effect on the Firm and will trigger precise actions, occasions or outcomes to vary materially from these described in forward-looking statements or data, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. There may be no assurance that our forward-looking statements or data will show to be correct. Accordingly, readers mustn’t place undue reliance on forward-looking statements or data. Besides as required by legislation, the Firm doesn’t assume any obligation to launch publicly any revisions to on forward-looking statements or data contained on this information launch to replicate occasions or circumstances after the date hereof or to replicate the prevalence of unanticipated occasions.

Contact Info:

Almaden Minerals Ltd.
Tel. 604.689.7644
Electronic mail: information@almadenminerals.com
http://www.almadenminerals.com/

A photograph accompanying this announcement is offered at https://www.globenewswire.com/NewsRoom/AttachmentNg/7bfa026b-9ad7-4d33-bd2b-914c398c0e37