Almaden Completes Dismantling of the Rock Creek Mill in Preparation for Shipping to Ixtaca and Provides Feasibility Update
October 04 2018 - 4:05PM
Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE
American: AAU) is pleased to report that dismantling of the Rock
Creek mill was completed in August, and the mill components have
since been cleaned, crated and packed to ensure safe storage near
the port of Nome, Alaska. The Rock Creek mill is now fully owned by
Almaden and ready for anticipated shipping to Mexico in 2019. This
work has been completed by Dynamic Engineering Services Ltd.
(Dynamic) on time and on budget. Dynamic are specialists in
dismantling, moving and reassembling large industrial sites
including mills. Photos and a video of the 2018 work program in
Nome will be posted to Almaden’s website.
The Ixtaca deposit feasibility study (“FS”; see
Almaden news release of March 21, 2018 for details) is nearly
complete and is anticipated in 2018. The FS will incorporate the
positive results of ore sorting tests that were reported earlier
(see Almaden news release of July 16, 2018) as well as several
other opportunities that were identified in the FS work program. As
reported previously, Almaden is also in the final stage of
preparing an Environmental Impact Assessment (Manifiesto de Impacto
Ambiental or “MIA”) for Ixtaca, and is incorporating the most
recent updates contained in the FS, into the MIA. Almaden expects
to submit the MIA this year.
Tracey Meintjes, P.Eng., a
qualified person (“QP”) under the
meaning of NI 43-101, and Principal of Moose
Mountain Technical Services, reviewed the technical information in
this news release.
About Almaden:
Almaden Minerals Ltd. owns 100% of the Ixtaca
project in Puebla State, Mexico, subject to a 2.0% NSR royalty held
by Almadex Minerals Ltd. The Ixtaca Gold-Silver Deposit was
discovered by Almaden in 2010.
On Behalf of the Board of Directors
“Morgan Poliquin”
Morgan J. Poliquin, Ph.D., P.Eng.President, CEO and
DirectorAlmaden Minerals Ltd.
Neither the Toronto Stock Exchange (TSX) nor the
NYSE American have reviewed or accepted responsibility for the
adequacy or accuracy of the contents of this news release which has
been prepared by management. Except for the statements of
historical fact contained herein, certain information presented
constitutes "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
Canadian securities laws. Such forward-looking statements,
including but not limited to, those with respect to potential
expansion of mineralization, potential size of mineralized zone,
and size and timing of exploration and development programs,
estimated project capital and other project costs and the timing of
submission and receipt and availability of regulatory approvals
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievement of
Almaden to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others,
risks related to international operations and joint ventures, the
actual results of current exploration activities, conclusions of
economic evaluations, uncertainty in the estimation of mineral
resources, changes in project parameters as plans continue to be
refined, environmental risks and hazards, increased infrastructure
and/or operating costs, labour and employment matters, and
government regulation and permitting requirements as well as those
factors discussed in the section entitled "Risk Factors" in
Almaden's Annual Information form and Almaden's latest Form 20-F on
file with the United States Securities and Exchange Commission in
Washington, D.C. Although Almaden has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in
such statements. Almaden disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, other than
as required pursuant to applicable securities laws. Accordingly,
readers should not place undue reliance on forward-looking
statements.
Contact Information:
Almaden Minerals Ltd.Tel. 604.689.7644Email:
info@almadenminerals.comhttp://www.almadenminerals.com/