Almaden Minerals Ltd. is pleased to announce that several areas of possible high-level epithermal veining have been identified cropping out within the Southeast Alteration Zone of the Ixtaca Project. This area is a focus of the Company’s current exploration program as discussed in the Company’s news release of October 27th, 2020. The discovery of veining within several outcrops within the SE Alteration Zone is [...]
Almaden Minerals Ltd. is pleased to announce additional results of its ongoing review of exploration targets which lie outside the currently defined reserve envelope of the Ixtaca deposit . The Main Ixtaca Zone of the Ixtaca deposit is hosted by limestone where the veins form a wide zone of veining referred to as a vein swarm. This vein swarm in limestone has been the primary focus of the Company’s exploration [...]
FinancialNewsMedia.com News Commentary In uncertain economic times, investors tend to put their money in gold. So it's perhaps little surprise that gold prices started to rise at the beginning of the year as the coronavirus started spreading in China and Europe and investors feared a global economic downturn. Gold prices have soared so far this year and many analysts predict gold will top $2,000. Gold usually rises [...]
Almaden Minerals Ltd. is pleased to announce that a field geology exploration program is now underway in the Company’s property surrounding the area of the Ixtaca project. In the past the Company developed a geologic and exploration model for the Ixtaca deposit and region. The Ixtaca deposit occurs in both young volcanic rocks and underlying carbonate sedimentary rocks. The bulk of the known Ixtaca deposit [...]
Almaden Minerals Ltd. is pleased to report on its intention to resume exploration in the area of the Ixtaca project. Since discovery with the first drill hole, exploration work at Ixtaca has been almost entirely focused on the discovery area, and this work has led to the silver and gold reserve which underpins the feasibility study , results of which were announced in December, 20181. The highlights of the FS, using base [...]
Almaden Minerals Ltd. is pleased to report that the second district court in Puebla has issued a decision in respect of the “incident” filed by Almaden's Mexican subsidiary on February 4 of this year. As reported previously by the Company , Almaden's subsidiary filed this "incident" to challenge an October, 2019 decision by Mexico’s environmental authority to suspend its review of the Ixtaca project’s environmental permit [...]
Almaden Minerals Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 3,100,000 units at $0.65 per Unit . Each Unit consisted of one common share of the Company and one non-transferable Common Share purchase warrant . Each Warrant allows the holder to purchase one Common Share at a price of $0.90 until August 6, 2023. The Offering was made by way of a [...]
Almaden Minerals Ltd. is pleased to announce a proposed non-brokered private placement financing of 3,100,000 units, at a price of $0.65 per Unit. Each Unit will consist of one common share of the Company and one non-transferable common share purchase warrant, each whole share purchase warrant entitling the holder to purchase one common share of the Company at a price of $0.90 per share for 3 years following the closing [...]
Almaden Minerals Ltd. is pleased to announce the results of its Annual General Meeting held on June 30, 2020. All of the matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular were approved by the requisite majority of votes cast at the AGM. The details of the voting results for the election of directors are set out below: Nominee Votes For Votes Withheld [...]
Almaden Minerals Ltd. announces that the Mexican federal government has mandated that all non-essential businesses, including mining and exploration, temporarily suspend operations until April 30 due to the COVID-19 virus . As Almaden is pursuing permitting of the Ixtaca project, it has not had an ongoing technical program at the project. Moreover, Almaden has already suspended its activities in order to protect its work [...]
Almaden Minerals Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement with the issuance of 5,509,658 units at $0.37 per Unit. Each Unit consisted of one common share of the Company and one non-transferable Common Share purchase warrant. Each Warrant allows the holder to purchase one Common Share at a price of $0.50 until March 27, 2023. The Offering was made by way of a [...]
Almaden Minerals Ltd. today announced that it has amended its private placement originally announced on March 10, 2020 in order to reflect current market conditions. The amended terms of the offering are as follows: the purchase price of the Units of the Offering has been reduced from $0.41 to $0.37 per Unit. the exercise price of each share purchase Warrant has been reduced from $0.65 to $0.50. The size of the Offering [...]