Almaden Provides Ixtaca Project Exploration Update
NEWS RELEASE
June 14, 2021
Trading Symbols:
TSX: AMM; NYSE American: AAU
www.almadenminerals.com
Almaden Provides Ixtaca Project Exploration Update
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU)
is pleased to announce that it has completed a surface induced polarisation geophysical (IP) program at the Ixtaca
deposit, Mexico (see Figure 1, Ixtaca Alteration Map).
The work was designed to help define drill targets beneath the area of hydrothermal alteration called the Southeast
Alteration (SE) zone and at depth beneath the Ixtaca deposit (“Ixtaca Deeps”). The data from this survey are
currently being processed and combined with geologic, geochemical and geophysical data collected in the past.
It is hoped that these results, will identify more discrete drill targets for a future diamond drill program to test for
potential blind zones of veining beneath the SE alteration zone. The discovery drill hole in the original Ixtaca
deposit area, which is mostly covered by overlying clay alteration similar to that in the SE alteration zone, was
planned in part based on high resistivity and chargeability results obtained in an earlier IP geophysical survey.
The Company looks forward to updating shareholders further once drilling plans are defined.
Background to the SE Alteration Zone
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 SE Alteration Zone lies well outside of the
current Ixtaca deposit resource area.
In November, 2020, the Company announced the discovery of several areas of veining cropping out within the
SE Alteration Zone, and 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 outcrops 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. The presence of pathfinder elements in these samples is very encouraging as it
corroborates the Company 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.
Background to the Ixtaca Deeps Target
The Main Ixtaca Zone of the Ixtaca deposit is hosted by limestone where the veins form a wide zone of veining
referred to as a vein swarm. This vein swarm in limestone has been the primary focus of the Company’s
exploration efforts to date and the Feasibility Study level technical examination of the Ixtaca deposit (for further
information, see “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, and is available under the Company’s profile on
SEDAR and on the Company’s website).
Adjacent to the Main Ixtaca Zone, shaley carbonate rocks host the more discrete focussed gold-silver vein related
mineralisation of the Northeast Extension Zone, which also has higher associated zinc and lead values. Based on
structural interpretation, the Main Ixtaca Zone gold-silver vein swarm could be the upper part of a vein system
which transitions at depth to structurally controlled silver-lead-zinc dominated mineralisation where the Northeast
Extension Zone would project down dip underneath the Main Ixtaca Zone (see Figure 2, Longitudinal Section of
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Main Ixtaca Zone and Cross Section of Northeast Extension Zone). This potential for metal zonation from upper
gold-silver to deep silver-lead-zinc mineralisation is supported by geologic interpretation, geologic models for
epithermal precious metal deposits and observations made in other epithermal vein deposits in Mexico.
Norm Dircks, P.Geo., is a Qualified Person as defined by National Instrument 43-101 ("NI 43-101") and has
reviewed and approved the 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 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.
On Behalf of the Board of Directors,
“J. Duane Poliquin”
J. Duane Poliquin
Chairman
Almaden Minerals Ltd.
Safe Harbor Statement
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
likelihood of any discovery of merit at the SE Alteration Zone or Ixtaca Deeps, and the likelihood of success of the geophysical
program and its contribution to drilling plans.
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 Almaden’s financial position, 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: 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; 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: political 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 agrarian 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 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 revisions to on forward-looking
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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/
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