Almaden Hits 33.78 Meters of 4.4 G/T AuEq at Ixtaca, Mexico

Marketwired

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 9, 2013) - Almaden Minerals Ltd. ("Almaden" or "the Company") (AMM.TO)(NYSE MKT:AAU) is pleased to announce the results from Almaden's ongoing 2013 Ixtaca Zone drill program at the Company's 100% owned Tuligtic project, Mexico. The 2013 drill program to date has been focussed on expanding the known resource immediately along strike to known mineralisation, adjacent to the current resource shell and within what is considered a potential pit shell. Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):

Hole TU-13-287 CHEMALACO ZONE
25.50 meters @ 0.66 g/t gold and 102.3 g/t silver (2.7 g/t gold equivalent)
Including 2.08 meters @ 4.35 g/t gold and 975.0 g/t silver (23.9 g/t gold equivalent)
Hole TU-13-289 CHEMALACO ZONE
19.00 meters @ 0.22 g/t gold and 48.4 g/t silver (1.2 g/t gold equivalent)
Including 7.30 meters @ 0.40 g/t gold and 82.8 g/t silver (2.1 g/t gold equivalent)
Hole TU-13-291 CHEMALACO ZONE
53.52 meters @ 0.56 g/t gold and 82.3 g/t silver (2.2 g/t gold equivalent)
Including 6.10 meters @ 0.86 g/t gold and 313.5 g/t silver (7.1 g/t gold equivalent)
Hole TU-13-294 CHEMALACO ZONE
90.75 meters @ 0.35 g/t gold and 31.1 g/t silver (1.0 g/t gold equivalent)
Including 24.36 meters @ 0.67 g/t gold and 71.9 g/t silver (2.1 g/t gold equivalent)
Hole TU-13-295 CHEMALACO ZONE
98.00 meters @ 0.24 g/t gold and 41.4 g/t silver (1.1 g/t gold equivalent)
Including 22.65 meters @ 0.44 g/t gold and 103.2 g/t silver (2.5 g/t gold equivalent)
33.78 meters @ 0.23 g/t gold and 208.4 g/t silver (4.4 g/t gold equivalent)
Hole TU-13-307 CHEMALACO ZONE
126.18 meters @ 0.33 g/t gold and 35.3 g/t silver (1.0 g/t gold equivalent)
Including 13.50 meters @ 0.86 g/t gold and 92.4 g/t silver (2.7 g/t gold equivalent)

Below is a plan map and relevant sections which will be posted to the Company's website (www.almadenminerals.com). To view accompanying map, visit the following link: http://media3.marketwire.com/docs/Ixtaca_NRMaps_Sept2013.pdf

About the Ixtaca Property

The 100% owned Ixtaca zone is a blind discovery made by the Company in 2010. The Main Ixtaca and Ixtaca North Zones of veining are interpreted to have a north-easterly trend. Holes to date suggest that the Main Ixtaca and Ixtaca North Zones are sub vertical with local variations. This interpretation suggests that true widths range from approximately 35% of intersected widths for a -70 degree hole to 94% of intersected widths for a -20 degree hole. The drilling completed to date has traced mineralisation over 1,000 meters along this northeast trend. Based upon observations at surface and of core as drilling progresses, there seems to be a variety of veinlet orientations within the Chemalaco Zone however overall the zone is currently interpreted to be dipping to the west and striking roughly north-south.

Hole # From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
AuEq
(g/t)
AgEq
(g/t)
SECTION
TU-13-287 106.00 131.00 25.00 0.11 15.2 0.4 21 50050N
including 122.00 125.00 3.00 0.30 50.3 1.3 65
TU-13-287 156.50 182.00 25.50 0.66 102.3 2.7 135
including 168.00 170.08 2.08 4.35 975.0 23.9 1193
TU-13-289 134.00 153.00 19.00 0.22 48.4 1.2 59 50050N
including 144.50 151.80 7.30 0.40 82.8 2.1 103
TU-13-289 160.00 188.00 28.00 0.21 10.8 0.4 22
TU-13-290 73.00 79.00 6.00 0.22 0.0 0.2 11 10350E
TU-13-291 46.45 99.97 53.52 0.56 82.3 2.2 110 50150N
including 54.25 60.35 6.10 0.86 313.5 7.1 357
TU-13-291 151.00 167.00 16.00 0.13 18.9 0.5 25
TU-13-292 271.00 275.00 4.00 0.05 11.8 0.3 15
TU-13-292 303.50 305.50 2.00 0.12 54.9 1.2 61
TU-13-292 337.50 340.50 3.00 0.04 12.9 0.3 15
TU-13-293 75.59 87.78 12.19 0.36 7.6 0.5 26 50150N
TU-13-294 56.00 146.75 90.75 0.35 31.1 1.0 49 50150N
including 100.00 124.36 24.36 0.67 71.9 2.1 105
TU-13-295 63.40 76.00 12.60 0.16 18.0 0.5 26 50150N
TU-13-295 101.00 111.00 10.00 0.20 4.0 0.3 14
TU-13-295 143.00 241.00 98.00 0.24 41.4 1.1 53
including 168.70 171.20 2.50 0.94 121.8 3.4 169
including 193.00 196.50 3.50 0.48 152.0 3.5 176
including 212.00 234.65 22.65 0.44 103.2 2.5 125
including 225.05 232.30 7.25 0.64 183.4 4.3 215
TU-13-295 257.00 290.78 33.78 0.23 208.4 4.4 220
including 277.00 279.80 2.80 0.62 2291.1 46.4 2322
TU-13-296 62.70 200.56 137.86 0.43 21.4 0.9 43 50150N
including 81.69 118.20 36.51 0.83 31.3 1.5 73
including 136.00 148.74 12.74 0.56 55.6 1.7 84
TU-13-298 117.00 127.00 10.00 0.05 8.6 0.2 11 50150N
TU-13-298 145.00 157.00 12.00 0.09 30.8 0.7 35
including 151.00 153.00 2.00 0.13 148.1 3.1 155
TU-13-298 179.00 183.00 4.00 0.05 11.3 0.3 14
TU-13-298 193.00 218.00 25.00 0.29 9.5 0.5 24
including 211.00 212.50 1.50 1.06 19.7 1.5 73
TU-13-299 45.11 51.00 5.89 0.29 12.1 0.5 26 50200N
TU-13-299 87.00 90.00 3.00 0.19 6.5 0.3 16
TU-13-299 100.00 124.00 24.00 0.33 19.5 0.7 36
including 111.50 113.00 1.50 0.25 52.1 1.3 65
TU-13-302 66.45 170.08 103.63 0.29 14.4 0.6 29 50200N
including 103.00 125.00 22.00 0.83 35.9 1.5 78
TU-13-304 78.54 96.93 18.39 0.47 34.7 1.2 58 50200N
TU-13-305 20.73 29.00 8.27 0.15 5.9 0.3 13 50200N
TU-13-305 43.66 51.06 7.40 0.41 8.7 0.6 29
TU-13-307 57.50 238.00 180.50 0.31 20.1 0.7 36 50200N
including 60.50 75.50 15.00 0.53 34.1 1.2 61
including 143.50 152.70 9.20 0.48 27.3 1.0 51
including 164.00 166.00 2.00 0.41 186.7 4.1 207
including 227.50 237.00 9.50 0.60 54.2 1.7 84
TU-13-307 247.50 253.70 6.20 0.27 10.3 0.5 24
TU-13-307 272.50 398.68 126.18 0.33 35.3 1.0 52
including 272.50 273.50 1.00 1.38 370.5 8.8 439
including 296.50 310.00 13.50 0.86 92.4 2.7 135
including 304.50 310.00 5.50 1.56 171.9 5.0 250
including 317.50 321.00 3.50 0.28 83.9 2.0 98
including 330.00 342.60 12.60 0.45 62.5 1.7 85
including 358.00 370.00 12.00 0.38 45.2 1.3 64

Mr. Norm Dircks, P.Geo., a qualified person ("QP") under the meaning of NI 43-101, is the QP and project manager of Almaden's Ixtaca program and reviewed the technical information in this news release. The analyses reported were carried out at ALS Chemex Laboratories of North Vancouver using industry standard analytical techniques. For gold, samples are first analysed by fire assay and atomic absorption spectroscopy ("AAS"). Samples that return values greater than 10 g/t gold using this technique are then re-analysed by fire assay but with a gravimetric finish. Silver is first analysed by Inductively Coupled Plasma - Atomic Emission Spectroscopy ("ICP-AES"). Samples that return values greater than 100 g/t silver by ICP-AES are then re analysed by HF-HNO3-HCLO4 digestion with HCL leach and ICP-AES finish. Of these samples those that return silver values greater than 1,500 g/t are further analysed by fire assay with a gravimetric finish.

Blanks, field duplicates and certified standards were inserted into the sample stream as part of Almaden's quality assurance and control program which complies with National Instrument 43-101 requirements. Gold equivalent ("AuEq" or "Gold Eq.") and silver equivalent ("AgEq" or "Silver Eq.") values were calculated using silver to gold ratios of 50 to 1. The ratio of 50 to 1 was used for the sake of consistency with past news releases. Intervals that returned assays below detection were assigned zero values. Metallurgical recoveries and net smelter returns are assumed to be 100% for these calculations.

About Almaden

Almaden is a well-financed mineral exploration company working in North America. The company has assembled mineral exploration projects, including the Ixtaca Zone and the Tuligtic project, through its grass roots exploration efforts. While the properties are largely at early stages of development they represent exciting opportunities for the discovery of significant gold, silver and copper deposits as evidenced at Ixtaca. Almaden's business model is to find and acquire mineral properties and develop them by seeking option agreements with others who can acquire an interest in a project by making payments and exploration expenditures. Through this means the company has been able to expose its shareholders to discovery and capital gain without the funding and consequent share dilution that would be required if the company were to have developed these projects without a partner. The company intends to expand this business model, described by some as prospect generation, by more aggressively exploring several of its projects including the Ixtaca Zone.

On Behalf of the Board of Directors

Morgan J. Poliquin, Ph.D., P.Eng., President, CEO and Director

Almaden Minerals Ltd.

Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT 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:
Almaden Minerals Ltd.
604-689-7644
604-689-7645
www.almadenminerals.com

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