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  • Almaden Minerals Ltd. (AAU) 2010 Exploration Program at Wholly Owned Elk Project Underway 0 comments
    Jun 16, 2010 10:22 AM | about stocks: AAU

    Almaden Minerals Ltd. announced yesterday that the 2010 exploration program at the Company’s wholly owned Elk project is now underway. Geologist Robert Alexander, P.Geo. will supervise the 2010 exploration program. He has more than 30 years of experience as an exploration geologist. In fact, a major portion of this experience relates to gold deposits globally with geologic similarities to the Elk deposit.

    The first $C1.5 MM stage of this year’s work program at Elk will include further infill and step-out drilling within the resource area, and a preliminary economic evaluation on the deposit. It will also include exploration of several areas identified on the property where trenching, soil sampling, and drilling have identified significant potential. Overall, Almaden Minerals Ltd. planned 8,000 meters of diamond drilling.

    The Elk Gold Project is 45 kilometers southeast of Merritt in southern British Columbia, Canada. The property has first-rate infrastructure; a four-lane highway crosses at the northern portion of the claim group and major power lines are within 20 kilometers. The property has undergone extensive exploration by soil geochemical surveys, trenching, and diamond drilling from 1987 to the present.

    Several zones of gold bearing mesothermal quartz veins have been found to date. The Siwash North Vein system consisting of several veins including the B WD vein zones has had the most work to date and a 43-101 compliant resource has been developed through drilling.

    J.D. Poliquin, Chairman of Almaden Minerals Ltd. commented, “This year’s exploration program at our Elk has three objectives: to move more resource from inferred to higher confidence categories, expand the resource base and drill test other targets on the property. We also look forward to reporting the results of a Preliminary Economic Assessment of the open pit potential of the current resource shortly.”

    Headquartered in Vancouver, British Columbia, Almaden Minerals Ltd. is an exploration company specializing in the generation of new mineral prospects in the Western half of North America. The Company currently has exploration programs underway in Mexico, Canada, and the United States.

    For more information visit: almadenminerals.com

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    Disclosure: no positions
    Stocks: AAU
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