Almaden Minerals Ltd. ("Almaden", "the Company") (TSX: AMM)(AMEX: AAU stock)
is pleased to report that it has received additional assay results from
the Cerro la Paila gold target of its Caballo Blanco project in
Veracruz, Mexico from operating partner Canadian Gold Hunter Corp.
("CGH") (TSX: CGH).
Core hole 08CBN-017 intersected 64.01 metres grading 1.02 g/t Au
(grams gold per metric ton) in iron-oxide-cemented, vuggy silica
breccias. The hole was drilled to 227.99 meters; however assays have
only been received for the top 145.69 metres. 08CBN-012 was drilled to
a depth of 227.08 meters, where the hole was abandoned due to a loss of
circulation in cavernous vuggy silica breccias. The bottom 16.77 meters
of the hole, which had very poor core recovery, assayed 3.15 g/t Au,
within an interval that graded 0.99 g/t Au over 61.0 metres.
A number of the holes, including 08CBN-012, 013, 014 and 016, were
lost in mineralized vuggy silica breccias prior to being completed to
their planned depths. Holes 08CBN-014 and 016 were drilled through
significant intervals of unmineralized andesite before encountering
silica breccias with anomalous gold values and then being lost. The
last few samples in each hole had the highest gold grades in the hole.
Significant assay results for 07CBN-012 to 017 are listed in the table
below.
