Drilling Completed On Tuligtic Copper Project

Drilling Completed On Tuligtic Copper Project

VANCOUVER, BC – Almaden Minerals Ltd. and its Mexican subsidiary Minera Gavilan S.A. de C.V. reported results of a 2,973.05 meter seven hole preliminary diamond drilling program now completed at the Tuligtic copper-molybdenum project, Mexico. The Tuligtic project is located twenty-one kilometres north of Puebla State, and covers a large area of alteration and mineralisation including intense sericite-quartz-pyrite alteration and stockwork veining and potassic alteration. The exposed alteration is interpreted to represent a quartz-sericite-pyrite cap to a large porphyry copper-molybdenum system.

Highlights of the drill program include 38 meters of 0.13% copper from 164 to 202 meters and 46 meters of 0.11 copper from 416 to 462 meters in hole DDH-01, 20 meters of 0.17% copper from 94 to 114 meters and 26 meters of 0.14% copper from 316 to 342 meters in hole DDH-02, 58 meters of 0.17% copper from 366 to 424 meters in hole DDH-03 (including 14 meters of 0.27% copper from 410 to 424 meters), 2 meters of 0.63% copper from 18 to 20 meters in hole DDH-04 and 20 meters of 0.11% copper from 276 to 296 meters and 8 meters of 0.13% copper in hole DDH-05. Molybdenum values were anomalous ranging up to 801 ppm (0.08%). Elevated gold values were also encountered including 2 meters of 1.34 g/t from 178-180 meters in hole DDH-01.

Antofagasta Minerals S.A., which funded the exploration program, has terminated its option to earn up to a 75% interest in the 100% Almaden owned Tuligtic property. Almaden wishes to thank Antofagasta for their participation in this first phase exploration drill program. Based upon the results of an ongoing review of the drilling program conducted Almaden will plan further exploration on the Tuligtic project. Almaden considers the results to represent a large new copper porphyry system and remains excited about its potential.

The company’s address is Suite 1103, 750 West Pender St, Vancouver, BC V6C 2T8, fax: 604-689-7645.