Release of last Monday on the Munro Lake Results-
Almaden Resources Corporation
2020-1055 West Hastings Street, Vancouver, B.C, V6E 2E9
Ph. (604)689-7644 Fax (604)689-7645
News Release November 24, 1996
MUNRO LAKE DRILLING RESULTS
In July and August of 1996, a diamond drill program consisting of 1,780 meters in seven drill holes was carried out on the company's Munro Lake project, near Summerland, B.C., and about fifteen kilometres south of the former Brenda open pit copper molybdenum nine.
The holes were designed to test a large IP chargeability anomaly first discovered in the autumn of 1994 and several other smaller IP anomalies. All seven holes intersected porphyry style K-silicate alteration and copper molybdenum-silver mineralization. Potassic alteration, and significant copper, molybdenum and silver values are all spatially related to the high chargeability anomaly which is elongated in an east-west direction. The holes located the furthest west, M-96-I and M-96-3, intersected the most interesting mineralization. M-96-1 intersected 39.1 metres averaging 10.52 g/t Ag, 0.155% Cu and 0.008% Mo, Hole M-96-3, located 244 metres west of M-96-1, intersected 231,9 metres from the bottom of the casing to the end of the hole averaging 5.54 g/t Ag, 0.047% Cu and 0.020% Mo. Drill hole M-96-5, located 854 metres east of M-96-1, intersected a 24 metre section averaging 9.69 g/t Ag, 0.238% Cu, 0.004% Mo and 0.65% Zn including 12 metres that averaged 19.45 g/t Ag, 0.46% Cu, 0.007% Mo and 1.54 % Zn. Other holes did not contain significant values over important widths. Gold values were erratic and up to 300 ppm over 1 metre intervals.
Geochemically, copper-molybdenum-silver and gold are related spatially to the chiargeability high and the total thickness of their elevated distribution increases to the west. Lead and zinc are highest away from the chargeability anomaly. Gold-silver-bismuth anomalies are believed to be associated with quartz veins peripheral to the chargeability high. One such vein, discovered by Almaden in past work, assayed 0.13 opt Au and 23.8 opt Ag across narrow widths. This type of geochemical zonation is similar to that found in many porphyry copper~molybdenum deposits worldwide.
A diamond drill program is currently being designed to test the chargeability anomaly to the west of the last area drilled. This program will be carried out in the simmer of I 997.
On behalf of the Board
Duane Poliquin, P.Eng.
President
Regards
Tom |
