News Release Maybe this will start the stock to begin a move:
ALMADEN RESOURCES CORPORATION
VSE symbol AMH)
1420 - 700 West Georgia Street, Vancouver, B.C. V7Y 1B6
Ph.(604) 689 - 7644 - Fax (604) 689 - 7645
NEWS RELEASE April 4, 1997
Drilling to Commence on Erika
Almaden's wholly owned Mexican subsidiary, Minera Gavil n S.A. de C.V. has
now received environmental permits for a drill program on the Erika gold
project. The 16,000 acre Erika property is 11 Km. by paved road from the
main Mexico City to Acapulco highway about 30 miles from Iguala, Guerrero.
It lies on the same structural trend as Bermejal (reported 2mm oz gold),
Nukay (reported 3.2 mm oz gold) and the Taxco silver lead zinc deposit
which has been in production for over 200 years.
The property covers a large epithermal alteration zone where erosion has
not exposed the level where gold mineralization might be expected. Targets
have been developed using gradient array Induced Polarization and
resistivity surveys, rock and soil geochemical surveys, alteration mapping
and structural studies.
Terry Leach and Associates, noted epithermal experts, conducted alteration
studies for the company. Leach stated "it is therefore interpreted that
Au-Ag mineralization has taken place at depth in the Erika region" and that
the coexistence of a mercury, arsenic, tellurium, antimony geochemical
signature with polyphasal silicification, jasperoid brecciation structure
and alteration "are all indicative of a potentially large mineralized
sediment hosted system at depth in the Erika prospect area".
Diamond drilling will target linear chargeability resistivity anomalies
coincident with geochemical anomalies. The initial program will consist of
at least 7,000 feet of diamond drilling. The drill is expected to be
mobilized to the property about April 14.
On behalf of the Board,
Duane Poliquin, P.Eng.
President |
