Almaden Announces Pathfinder Elements Validate SE Alteration Zone Potential for Epithermal Veining
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NEWS RELEASE
November 25th, 2020
Trading Symbols:
TSX: AMM; NYSE American: AAU
www.almadenminerals.com
Almaden Announces Pathfinder Elements Validate SE Alteration Zone Potential
for Epithermal Veining
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX : AMM ; NYSE
American: AAU) is pleased to report the results of initial surface sampling of the veins discovered in
the Southeast (“SE”) Alteration Zone of the Ixtaca Project.
As announced on November 18th, the Company discovered several areas of veining cropping out within
the SE Alteration Zone of the Ixtaca Project while mapping promising clay alteration in the area.
Seventeen samples of the veining were collected and submitted for analysis to ALS Global in Zacatecas,
Mexico. All but one sample returned below detection gold and silver, with the exception returning a
value of 62 ppb gold. However, even though the outcro ps are leached and weathered, many of the
samples also returned elevated values for epithermal pathfinder elements which are commonly found
in the higher parts of epithermal alteration zones.
Morgan J. Poliquin, President and CEO of Almaden, stated “The presence of pathfinder elements in
these samples is very encouraging as it corroborates our view that the SE Alteration Zone could
represent the higher levels of a potential underlying epithermal system. It is quite typical that the higher
parts of these systems contain negligible precious metals values. We look forward to continued mapping,
and eventually drilling, in this area”.
About the SE Alteration Zone
The Ixtaca deposit occurs in both the overlying volcanic rocks and the older underlying carbonate
sedimentary rocks. The bulk of the gold and silver bearing epithermal veins comprising the Ixtaca
deposit are hosted by the underlying sedimentary rocks , while the overlying volcanic unit is typically
mineralized at its base and clay altered above. This alteration appears to extend to the southeast of the
Ixtaca deposit area where a topographic high exposes a section of the overlying volcanic rocks with
significant clay alteration in an area measuring about 1.5 kilometre (km) east-west by 1 km north-south,
which is referred to as the SE Alteration Zone, which is centred approximately 1km south east of the
Ixtaca deposit.
The SE Alteration Zone comprises white argillic (clay-altered) volcanics and, most interestingly, clusters
of anomalies identified from a hyperspectral survey that include the spectral signatures of important
epithermal alteration minerals such as kaolinite, alunite and buddingtonite. The Company believes that
there is significant potential for the discovery of a new zone of epithermal mineralization in the
sedimentary rocks beneath the SE Alteration Zone and possibly at other similar anomalies in the area.
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Any mineralization found within the SE Alteration Zone would represent a new discovery as this area
lies well outside of the current Ixtaca deposit resource area, which was the focus of a Feasibility Study
(results of which were announced by the Company in December, 2018), and 2019 environmental permit
application. A report titled “Ixtaca Gold-Silver Project, Puebla State, Mexico NI 43-101 Technical Report
on the Feasibility Study”, which was prepared in accordance with NI 43 -101, is available under the
Company’s profile on SEDAR and on the Company’s website.
Exploration Opportunities
The Ixtaca deposit is one of several exploration targets on the Company’s mineral claims, which cover
an area of high-level epithermal clay alteration. The project area is partially covered by volcanic ash
deposits which mask underlying alteration, potential vein zones and associated soil responses. In areas
devoid of this covering ash soil sampling has defined several distinct zones of elevated gold and silver
values and trace elements typically associated with epithermal vein systems. The Ixtaca zone is one of
the largest areas of gold/silver soil response but it is also one of the areas with the least ash cover on
the project.
Management believes that the other altered and geochemically anomalous areas could represent
additional zones of underlying quartz-carbonate epithermal veining like the Ixtaca zone. The potential
quantity and grade of these exploration targets is conceptual in nature. There has been insufficient
exploration and/or study to define these exploration targets as a Mineral Resource. It is uncertain if
additional exploration will result in these exploration targets being delineated as a Mineral Resource.
The potential quantity and grade of these exploration targets has not been used in this Study.
Andrew J. Turner, B.Sc., P.Geol. of APEX Geoscience Ltd., and a Qualified Person as defined by
National Instrument 43 -101 ("NI 43 -101"), has reviewed and approved the scientific and technical
contents of this news release which relate to the outcropping veins in the SE Alteration Zone . Morgan
J. Poliquin, Ph.D., P. Eng., President and CEO of Almaden, and a Qualified Person as defined by
National Instrument 43-101 ("NI 43-101"), has reviewed and approved all other scientific and technical
contents of this news release.
About Almaden
Almaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico, subject to a 2.0%
NSR royalty held by Almadex Minerals Ltd. The Ixtaca Gold-Silver Deposit was discovered by Almaden
in 2010.
On Behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin, P. Eng
Chairman
Almaden Minerals Ltd.
Forward Looking Statements
Certain of the statements and information in this news release constitute “forward-looking statements” within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and “forward -looking information” within the meaning of applicable Canadian provincial
securities laws. All statements, other than statements of historical fact, are forward -looking statements or information . Forward -looking
statements or information in this news release relate to, among other things: the outcome or nature of any exploration programs at Ixtaca, and
the ability of the Company to comply with COVID-19 related health protocols.
These forward-looking statements and information reflect the Company’s current views with respect to future events and are necessarily based
upon a number of assumptions, including assumptions in respect of both Almaden’s and the applicable Mexican Authorities’ lega l positions,
that, while considered reasonable by the Company, are inherently subject to significant legal, regulatory, business, operational and economic
uncertainties and contingencies, and such uncertainty generally increases with longer-term forecasts and outlook. These assumptions include:
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stability and predictability in Mexico’s mineral tenure, mining, environmental and agrarian laws and regulations, as well as their application
and judicial decisions thereon; continued respect for the rule of law in Mexico; prices for gold, silver and base metals remaining as estimated;
currency exchange rates remaining as estimated; availability of funds; capital, decommissioning and reclamation estimates; mi neral reserve
and resource estimates; prices for energy inputs, la bour, materials, supplies and services (including transportation); no labour -related
disruptions; all necessary permits, licenses and regulatory approvals being received in a timely manner; the ability to secure and maintain title
and ownership to properties and the surface rights necessary for exploration and operations; community support in the Ixtaca Project, and the
ability of the Company to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.
The Company cautions the reader that forward-looking statements and information involve known and unknown risks, uncertainties and other
factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements
or information contained in this news release. Such risks and other factors include, among others, risks related to: politi cal risk in Mexico;
crime and violence in Mexico; corruption; environmental risks, including environmental matters under Mexican laws and regulations; impact
of environmental impact assessment requirements on the Company’s planned exploration and development activities on the Ixtaca Project;
certainty of mineral title and the outcome of litigation; community relations; governmental regulations and the ability to obtain necessary
licences and permits; risks related to mineral properties being subject to prior unregistered agreements, transfers or claims and other defects
in title; changes in mining, environmental or agra rian laws and regulations and changes in the application of standards pursuant to existing
laws and regulations which may increase costs of doing business and restrict operations; as well as those factors discussed t he section
entitled "Risk Factors" in Al maden's Annual Information Form and Almaden's latest Form 20 -F on file with the United States Securities and
Exchange Commission in Washington, D.C. Although the Company has attempted to identify important factors that could affect the Company
and may cause actual actions, events or results to differ materially from those described in forward -looking statements or information, there
may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that our
forward-looking statements or information will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking
statements or information. Except as required by law, the Company does not assume any obligation t o release publicly any revisions to on
forward-looking statements or information contained in this news release to reflect events or circumstances after the date hereof or to reflect
the occurrence of unanticipated events.
Contact Information:
Almaden Minerals Ltd.
Tel. 604.689.7644
Email: [email protected]
http://www.almadenminerals.com/