Message #6 From:
NewsBot Date: March 14, 2008 01:41:33 PM
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2008) - Almaden Minerals Ltd. ("Almaden", "the Company") (TSX:AMM)(AME
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 14, 2008) - Almaden
Minerals Ltd. ("Almaden", "the Company") (TSX:AMM)(AMEX:AAU) is pleased
to announce that Lincoln Gold Corp. ("Lincoln")(OTCBB:LGCP) has
commenced a diamond drilling program on Almaden's wholly owned Bufa
gold-silver project located in the historic Guadalupe y Calvo gold
mining district in southwestern Chihuahua State, Mexico. Under the
terms of an option agreement between the companies, Lincoln can earn a
60% interest in the property by spending US$3.5 million over a 4 year
period and issuing 1,550,000 shares. J. Duane Poliquin, chairman and
CEO of Almaden commented, "We are very pleased to have Lincoln drilling
our Bufa project, a gold-silver vein system located in one the great
historic gold mining districts of Mexico, and we look forward to the
results of this program."
Lincoln, in a news release of March 12, 2008 announced that the
first drill arrived on site on February 29th, 2008 and a second drill
may be brought to the site before the end of March. Lincoln also
announced that their exploration program is focusing on the southern
extension of the Rosario vein system which extends onto the La Bufa
property for at least 1600 meters and that they plan to drill a minimum
of 15 angle (-45 degrees) core holes in two-hole "fences" across the
vein system for a total of 6000 meters. Lincoln has informed Almaden
that the holes were planned to reach the 2250 meter level or deeper,
which was historically productive in the adjacent Rosario mine owned by
Gammon Gold Inc. (TSX:GAM)(AMEX:GRS). Lincoln also announced that their
management considers there to be potential for the Rosario vein system
to extend to the north of the Rosario mine onto Almaden's ground where
Lincoln geologists have recently identified and sampled promising
breccia zones.
Morgan J. Poliquin, P.Eng. the president, COO and a director of
the Company, as well as a qualified person under the meaning of
National Instrument 43-101, has reviewed the technical information in
this news release.
About Almaden
Almaden is a mineral exploration and development company with a
track record of making new discoveries in Canada and Mexico. Almaden
currently has an interest in 22 properties that are under active
exploration. Almaden will continue with its successful business model
of identifying new projects through grass roots exploration and
managing risk by forming joint ventures with partner companies which
then carry the cost of exploring and developing our projects. Almaden's
grass roots exploration programs are designed to identify new mineral
exploration projects in mineral terrains geologically permissive for
world-class ore deposits. Almaden is seeking partners with the suitable
business and geological resources to explore and assess the potential
of these projects through drilling.
On Behalf of the Board of Directors
Morgan J. Poliquin, M.Sc., P.Eng., President, COO and Director
Statements contained in this news release that are not
historical facts are forward looking statements as that term is defined
in the private securities litigation reform act of 1995. Such
forward-looking statements are subject to risks and uncertainties which
could cause actual results to differ materially from estimated results.
Such risks and uncertainties are detailed in the Company's filing with
the Securities and Exchange Commission.
FOR FURTHER INFORMATION PLEASE CONTACT:
Almaden Minerals Ltd.
Morgan J. Poliquin, M.Sc., P.Eng.
President, COO and Director
(604) 689-7644
(604) 689-7645 (FAX)
Website: www.almadenminerals.com