Almaden Outlines Ixtaca Project Plans for 2021
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NEWS RELEASE
February 3rd, 2021
Trading Symbols:
TSX: AMM; NYSE American: AAU
www.almadenminerals.com
Almaden Outlines Ixtaca Project Plans for 2021
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX : AMM ; NYSE
American: AAU ) is pleased to provide shareholders with an update regarding its intentions for
advancing the Ixtaca project during 2021.
As previously disclosed, Almaden was informed late last year that the Company’s initial environmental
impact assessment (“MIA”) in respect of the Ixtaca project did not receive approval from the Mexican
federal permitting authority, Secretaría de Medio Ambiente y Recursos Naturales (“SEMARNAT”).
Since that time , the Company has reviewed SEMARNAT’s reasons for not approving the MIA, and
engaged in conversations with a range of project and industry stakeholders in Mexico. Almaden remains
convinced that the Ixtaca project can be a showcase for modern, responsible mineral development in
Mexico. The Company intends to work towards submitting a revised MIA which incorporates additional
data presently available to the Company as well as data to be gathered in further field studies.
Morgan Poliquin, President and CEO, commented : "We believe the Ixtaca project has many natural
advantages which allow it to make a significant net positive contribution to the local and regional area,
and to define new ground in the realm of sustainable mining . Our intention moving forward is to seek
opportunities to allow for robust dialogue on the nature of these potential contributions, and to submit a
new MIA which clearly reflects the current priorities in Mexico. In the meantime, we also plan to continue
to advance high priority exploration targets identified at the property.”
Morgan Poliquin continued, “We are grateful for the in put of the people in the local communities who
support the project and who are remaining patient with the permitting process. Our ongoing permitting
and regional work will continue to view their input as a core driver of both project design as well as
programs to optimise the potential for shared value”.
About Almaden
Almaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico, subject to a 2.0%
NSR royalty held by Alm adex Minerals Ltd. The Ixtaca deposit hosts a proven and probable 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 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 . The Ixtaca Gold-
Silver Deposit was discovered by Almaden in 2010.
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On Behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin
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 t han statements of historical fact, are forward -looking statements or information. Forward -looking
statements or information in this news releas e relate to, among other things: SEMARNAT’s notification stating that the Company’s MIA in
respect of the Ixtaca project has not received approval; the reasons for SEMARNAT’s decision; and alternatives available to the Company in
respect of SEMARNAT’s decision.
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 the Ixtaca Project’s environmental impact and both Almaden’s and
SEMARNAT’s positions on the MIA and any new MIA which is submitted. While these views are considered reasonable by the Company, they
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 a ssumptions include: stability and predictability in Mexico’s
environmental, mineral tenure, mining 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 rate s remaining as
estimated; availability of funds; capital, decommissioning and reclamation estimates; mineral reserve and resource estimates; prices for energy
inputs, labour, 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 operations; community support in the Ixtaca Project; and the ability 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: politic al risk in Mexico;
crime and violence in Mexico; corruption; environmental risks, including environmental matters under Mexican laws and regulat ions; impact
of environmental impact assessment requirements on the Company’s planned exploration and developmen t activities on the Ixtaca Project;
certainty of mineral title and the outcome of litigation; community relations; governmental regulations and the ability to ob tain 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 agrarian laws and regulations and changes in the application of standards pursu ant to existing
laws and regulations which may increase costs of do ing business and restrict operations; as well as those factors discussed the section
entitled "Risk Factors" in Almaden'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 to release publicly any revi sions 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/