Almaden Provides Update on Field Activities at the Ixtaca Property
- 1 -
NEWS RELEASE
October 5, 2021
Trading Symbols:
TSX: AMM; NYSE American: AAU
www.almadenminerals.com
Almaden Provides Update on Field Activities at the Ixtaca Property
Vancouver, B.C. Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX : AMM ; NYSE
American: AAU) reports that it has resumed drilling activities at Ixtaca and takes this opportunity to
report further on recent Covid-19 cases and the Company’s related protocols.
Since the onset of the Covid -19 pandemic, all fieldwork at Ixtaca has been conducted in compliance
with the directives of the Mexican Institute for Social Security (“IMSS”). In addition to numerous sanitary
measures, the Company has established a Covid Committee that meets weekly to assess the Covid -
19 situation, ensure commitment to Company protocols, and discuss opportunities for improvement in
the protocols. As part of this process, the Company arranged for a five-hour online Covid-19 education
training program for each employee, resulting in an IMSS certificate for each employee.
As reported on September 3, 2021, the Company’s Covid-19 protocols detected several Covid-19 cases
amongst members of the Company’s local staff. These people were immediately quarantined and
supported by the Company, and one individual was hospitalised. The Company regrets to report that
despite all best efforts this individual has subsequently passed away. Almaden sends its deepest
condolences to his family and friends. A ll other employees who initially tested positive for th e disease
are recovering satisfactorily, and soon will be returning to work.
Almaden has worked to facilitate efforts by employees to attend the national vaccination program and
get vaccinated on the day allocated by these authorities. The Company continues to seek opportunities
to work with local health authorities in order to help make local communities as resilient as possible in
the face of this disease. Last year the Company provided local authorities with 4,000 bottles of alcohol
gels and 10,000 masks. More recently, Almaden donated oxygen tanks, an oxygen concentrator and
other medical supplies to the local authorities.
About Almaden
Almaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico, subje ct 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 titl ed “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, P. Eng
- 2 -
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 applicab le 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, the
ability of the Company to work with local health authorities 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 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: the number of COVID-19 cases in the municipality of Ixtacamaxtitlán and within the
Company’s local st aff; stability and predictability in Mexico’s health, safety, 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; pr ices 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 serv ices (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 s upport in t he
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: access to healthcare and
rates of COVID -19 vaccination in Mexico; political risk in Mexico; crime and violence in Mexico; corruption; environmental risks, including
environmental matters under Mexican laws and regulations; imp act 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 litigatio n; 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 agraria n 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 Informati on 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 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/