Update on Company activities:
April 25th, 1997
To our interested shareholders and market players:
Just an update following the attendence at the Investment In Mining
Conference that was held last Thursday and Friday in Toronto, Canada. The
show was well attended both by attendees and the numerous mining companies.
Almaden put out a news announcement a week or so ago that drilling had
commenced on the Erika property in Mexico. The drilling will continue for a
couple of weeks as they will drill about 10 holes on this program. During
this drill period, Cabello Blanco, near Vera Cruz, will commence some
trenching and surface work. The time frame for drilling on this property
will be mid-May and going into June. During the drilling on the Cabello
Blanco, drill results should be forthcoming from the Erika property.
With last week's announcement of the aquisition of the Yago property, a
74,000 acre claim block, drill permits will be applied for to have a drill
program in this area following the drilling on Caballo Blanco. By the way,
in the news announcement on the Yago property, it was mentioned that the
project pit has the potential for a multimillion ounce gold deposit,
mineable by open pit methods.
So looking at the broad picture over the coming months, Erika will be
drilled April and early May. Followed by drilling on Caballo Blanco
in May and June. Followed by drilling on Yago in July. AND then to the
Munro Lake property in Canada where drilling was started last August and
will be resumed this summer. Also, La Trinidad is continuing to be being
mined by Eldorado.
Yes, there are a number of projects which will keep the company active
right through the year. Almaden is presently a junior producer with a
number of exploration projects that have significant potential to be gold
deposits.
For further information, call 604-689-7644 or view web site at
almaden.bc.ca
Regards
Tom |
