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Almaden Discovers New High Grade Area Outside Resource Shell, Hits 134.20 Meters of 4.1 g/t AuEq (3.76 g/t Au, 18.1 g/t Ag) on Main Ixtaca Zone
Published : November 26, 2012
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2012) - Almaden Minerals Ltd. ("Almaden" or "the Company") (News - Market indicators)(NYSE Amex:AAU)(NYSE MKT:AAU) is pleased to announce the discovery of a new volcanic hosted high-grade area along the trend of the Main Ixtaca Zone with holes TU-12-222, 224, 225 and 227, all drilled from the same pad. These holes were drilled on section 11+000E, outside of the resource shell, and located 50 meters northeast of the closest holes that will be part of Almaden's maiden resource report. For the first time in the Ixtaca drill program visible gold has been identified in a high grade sample from hole TU-12-224.

J.D. Poliquin, Chairman of Almaden commented, "This new exciting high-grade discovery shows the continued expansion of the overall Ixtaca vein system and its potential for exceptional grades. We are excited to be working towards our maiden resource estimation, however, these new results from outside the resource area show that the resource has potential to grow significantly beyond its current edges. Since the discovery in 2010 of the Main Ixtaca Zone we have found the parallel Ixtaca North Zone, the perpendicular Northeast Extension (Chemalaco) Zone and widespread mineralisation in the volcanic units. All of these zones remain open and drilling is on-going to continue to expand the resource beyond the boundaries set for the maiden resource."

Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):

Hole TU-12-222 MAIN IXTACA ZONE, SECTION 11+000 E (AZIMUTH 150, DIP -70) 
117.00 meters @ 2.50 g/t gold and 30.7 g/t silver (3.1 g/t gold equivalent)  
Including 75.00 meters @ 3.64 g/t gold and 45.1 g/t silver (4.5 g/t gold equivalent)
  Includes 11.10 meters @ 5.50 g/t gold and 60.1 g/t silver (6.7 g/t gold equivalent)
  And 17.50 meters @ 8.74 g/t gold and 110.2 g/t silver (10.9 g/t gold equivalent)
  Includes 1.10 meters @ 117.50 g/t gold and 229.0 g/t silver (122.1 g/t gold equivalent)
     
Hole TU-12-224 MAIN IXTACA ZONE, SECTION 11+000 E (AZIMTH 150, DIP -40) 
134.20 meters @ 3.76 g/t gold and 18.1 g/t silver (4.1 g/t gold equivalent)  
Including 10.40 meters @ 26.75 g/t gold and 50.4 g/t silver (27.8 g/t gold equivalent) 
  Includes 0.50 meters @ 470.00 g/t gold and 224.0 g/t silver (474.5 g/t gold equivalent) 
And 6.50 meters @ 4.52 g/t gold and 50.0 g/t silver (5.5 g/t gold equivalent) 
And 19.50 meters @ 4.32 g/t gold and 15.7 g/t silver (4.6 g/t gold equivalent) 
     
Hole TU-12-225 MAIN IXTACA ZONE, SECTION 11+000 E (AZIMUTH 330, DIP -70)
94.50 meters @ 0.47 g/t gold and 4.8 g/t silver (0.6 g/t gold equivalent)
Including 6.00 meters @ 0.83 g/t gold and 6.6 g/t silver (1.0 g/t gold equivalent) 
And 6.00 meters @ 1.11 g/t gold and 3.9 g/t silver (1.2 g/t gold equivalent) 
And 6.60 meters @ 1.10 g/t gold and 4.9 g/t silver (1.2 g/t gold equivalent) 
     
Hole TU-12-227 MAIN IXTACA ZONE, SECTION 11+000 E (AZIMUTH 330, DIP -40)
126.50 meters @ 0.42 g/t gold and 26.3 g/t silver (1.0 g/t gold equivalent)
Including 15.50 meters @ 0.54 g/t gold and 142.7 g/t silver (3.4 g/t gold equivalent) 
8.70 meters @ 0.10 g/t gold and 111.4 g/t silver (2.3 g/t gold equivalent)
Including 2.83 meters @ 0.14 g/t gold and 312.3 g/t silver (6.4 g/t gold equivalent)
   
   
Hole # From
(m)
To
(m)
Interval
(m)
Au
(g/t)
Ag
(g/t)
AuEq
(g/t)
AgEq
(g/t)
SECTION
TU-12-222 32.00 149.00 117.00 2.50 30.7 3.1 156 11000E
including 64.00 139.00 75.00 3.64 45.1 4.5 227
including 84.50 95.60 11.10 5.50 60.1 6.7 335
including 121.50 139.00 17.50 8.74 110.2 10.9 547
including 123.50 124.60 1.10 117.50 229.0 122.1 6104
TU-12-224 62.80 197.00 134.20 3.76 18.1 4.1 206 11000E
including 103.00 113.40 10.40 26.75 50.4 27.8 1388
including 106.50 107.00 0.50 470.00 224.0 474.5 23724
including 129.00 135.50 6.50 4.52 50.0 5.5 276
including 153.50 173.00 19.50 4.32 15.7 4.6 232
TU-12-225 31.00 125.50 94.50 0.47 4.8 0.6 28 11000E
including 41.00 47.00 6.00 0.83 6.6 1.0 48
including 82.50 88.50 6.00 1.11 3.9 1.2 60
including 114.30 120.90 6.60 1.10 4.9 1.2 60
TU-12-227 42.00 168.50 126.50 0.42 26.3 1.0 48 11000E
including 127.00 142.50 15.50 0.54 142.7 3.4 170
TU-12-227 179.45 188.15 8.70 0.10 111.4 2.3 116
including 185.32 188.15 2.83 0.14 312.3 6.4 320

The Company currently has three drills operating on the Tuligtic project. Almaden plans to continue drilling operations throughout 2012. Below is a plan map and section which will be posted to the Company's website (www.almadenminerals.com).

To view the plan map and section associated with this release, please visit the following link: http://media3.marketwire.com/docs/aau1126fig1.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 thought 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 Northeast Extension Zone however overall the zone is currently interpreted to be dipping shallowly to the west and striking roughly north-south.

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 (cash, gold inventory and equity investments totalling approximately $35.6 MM as of July 4, 2012) 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.

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.

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.

Almaden Minerals Ltd.
Morgan J. Poliquin, Ph.D., P.Eng.
President, CEO and Director
604.689.7644
604.689.7645 (FAX)
info@almadenminerals.com
www.almadenminerals.com
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Almaden Minerals Ltd.

EXPLORATION STAGE
CODE : AMM.TO
ISIN : CA0202831073
CUSIP : 020283107
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Annual reports of Almaden Minerals Ltd.
2007 Annual Report
Financings of Almaden Minerals Ltd.
2/24/2011Announces Closing of Private Placement
Nominations of Almaden Minerals Ltd.
6/13/2011Appoints Chief Financial Officer & New Director
Project news of Almaden Minerals Ltd.
1/22/2014further results from Almaden's tuligtic Project
1/22/2014further results from Almaden's tuligtic Project
1/16/2014Results of Almaden infill drilling on main zone
12/16/2013Results from Almaden's infill drilling on main zone
12/12/2013further results from Almaden's tuligtic Project
11/28/2013Almaden infill drilling results on Main and Northern zones
11/19/2013Almaden infill drilling on Main Zone
11/14/2013Results of Almaden infill drilling on Chemalaco Zone
11/14/2013Almaden intersects 35.00 meters of 0.87 G/T AU, 12.8 G/T AG ...
9/17/2013(Ixtaca)Expands High-Grade Volcanic Zone to East, Hits 82.00 Meters ...
9/10/2013Almaden reporting 33.78 meters of 4.4 G/T AUEQ at Ixtaca
9/9/2013(Ixtaca)Hits 33.78 Meters of 4.4 G/T AuEq at Ixtaca, Mexico
7/25/2013(Ixtaca)Hits 21.50 Meters of 2.2 g/t AuEq at Ixtaca, Mexico
2/7/2013Almaden resumes drilling at ixtaca
2/7/2013(Ixtaca)Resumes Drilling at Ixtaca, Adopts Advance Notice Policy
1/31/2013ALMADEN ANNOUNCES MAIDEN RESOURCE ESTIMATE
1/31/2013(Ixtaca)Announces Maiden Resource Estimate and Results of Preliminar...
1/24/2013(Ixtaca)Hits 60.50 Meters of 2.9 g/t AuEq (2.21 g/t Au, 35.8 g/t Ag)...
11/26/2012ALMADEN DISCOVERS NEW HIGH GRADE AREA
8/30/2012(Ixtaca)Expands Ixtaca North Zone, Cuts 15.80 Meters 4.5 g/t AuEq (0...
8/7/2012(Ixtaca)Hits 188.70 Meters 3.3 g/t AuEq (1.32 g/t Au and 97.8 g/t Ag...
6/25/2012(Ixtaca)Hits 25.00 Meters of 4.22 g/t Gold and 15.41 g/t Silver (4.5...
6/4/2012(Ixtaca)Hits 8.75 Meters of 4.09 g/t Gold and 228.8 g/t Silver (8.7 ...
5/8/2012Almaden hits 29.45 meters of 3.21 g/t gold and 136.3 g/t sil...
5/8/2012Almaden hits 29.45 meters of 3.21 g/t gold and 136.3 g/t sil...
5/8/2012Almaden hits 29.45 meters of 3.21 g/t gold and 136.3 g/t sil...
5/7/2012Almaden Hits 29.45 Meters of 3.21 g/t Gold and 136.3 g/t Sil...
5/7/2012(Ixtaca)Hits 29.45 Meters of 3.21 g/t Gold and 136.3 g/t Silver (5.9...
4/4/2012Terraco Announces Deployment of Third Core Rig to the Almade...
3/28/2012Terraco Announces 2012 Drilling Underway with Two Core Rigs ...
3/26/2012(Tuligtic)Hits 17.00 Meters of 3.74 g/t Gold and 67.4 g/t Silver (5.1 ...
3/6/2012(Ixtaca)Hits 7.73 Meters of 3.93 g/t Gold and 249.5 g/t Silver (9.0 ...
1/23/2012(Ixtaca)Hits 163.45 m of 1.27 g/t Au and 61.6 g/t Ag (2.5 g/t Aueq) ...
12/22/2011Exploration update from Almaden
12/16/2011Almaden hits 28.96 m of 2.44 G/T AU and 103.1 G/T AG on main...
12/15/2011(Ixtaca)Hits 28.96 m of 2.44 g/t Au and 103.1 g/t Ag (4.5 g/t AuEq) ...
11/22/2011(Ixtaca)Hits 21.95 m of 2.75 g/t Au and 210.1 g/t Ag (7.0 g/t AuEq) ...
11/15/2011(Willow)Options Willow Cu-Au Porphyry Project, Nevada
11/8/2011Almaden Continues to Hit at Ixtaca North and Intersects 10.0...
11/8/2011(Ixtaca)ALMADEN HITS 10.00 M OF 3.05 G/T AU AND 198.8 G/T AG (7.0 G/...
10/13/2011(Ixtaca)Expands Ixtaca Zone to Southwest and Ixtaca North Zone, Inte...
9/26/2011(Caballo Blanco)Acquires 100% Interest in El Cobre Project, Sells Caballo Bl...
8/11/2011(Caballo Blanco)Drilling Intersects 0.71 g/t Gold Over 84.77 Meters at Almad...
8/2/2011(Ixtaca)Cuts 25.46 m of 2.28 g/t Au and 134.5 g/t Ag (5.0 g/t Au Eq....
7/7/2011(Ixtaca)Step Out Drilling Extends Ixtaca Zone 80 M to Southwest and ...
6/28/2011(Caballo Blanco)Drilling Intersects 0.96 g/t Gold Over 50.00 Meters at Almad...
5/25/2011(Caballo Blanco)Drilling Intersects 0.88 g/t Gold Over 100.10 Meters At Alma...
4/6/2011(Ixtaca)Surface Work Identifies New Gold-Silver Targets Near Ixtaca
3/31/2011(Tuligtic)Further Almaden Step-Out Drilling Expands Ixtaca Gold-Silver...
3/22/2011(Tuligtic)Step-Out Drilling Expands Ixtaca Zone and Intersects More Hi...
2/17/2011(Caldera)Drilling Underway at Almaden's Caldera Project, Mexico
2/16/2011(Elk (siwash))Enters Agreement to Sell Its Elk Gold Deposit, BC
1/18/2011(Ixtaca)Intersects 43.96 m of 3.1 g/t Au, 62.3 g/t Ag in Hole TU-10-...
12/21/2010(Tuligtic)Completes 2010 Ixtaca Program, Announces 2011 Plans
12/1/2010(Caballo Blanco)Goldgroup Announces First Caballo Blanco Drill Results
10/22/2010(Caballo Blanco)Goldgroup drilling underway on Caballo Blanco
1/7/2010(Yago)High Grade Surface Gold Zone Expanded
12/2/2008Tarsis drilling results
9/27/2007(Mor)results of a successful drill program
Corporate news of Almaden Minerals Ltd.
10/28/2013Almaden infill drilling confirms high grade at Chemalaco Zon...
10/28/2013Infill Drilling Confirms High-Grade Chemalaco Zone, Hits 30....
10/21/2013Almaden infill drilling confirms high-grade
10/21/2013(Ixtaca)Infill Drilling Confirms High-Grade Ixtaca North Zone, Hits ...
10/1/2013Almaden infill drilling confirms high-grade Chemalaco Zone
9/30/2013Infill Drilling Confirms High-Grade Chemalaco Zone, Hits 41....
9/24/2013Almaden infill drilling confirms high-grade northern main zo...
9/23/2013Infill Drilling Confirms High-Grade Northern Main Zone, Hits...
9/18/2013Almaden expands high-grade volcanic zone easterly on the Ixt...
7/17/2013Announces Closing of $5.47 Million Non-Brokered Private Plac...
5/10/2013(Ixtaca)finds new parallel vein zone at ixtaca
5/6/2013Hits 106.00 Meters of 0.36 g/t Gold and 0.23% Copper on the ...
4/2/2013Files Form 20-F Documentation
3/15/2013Almaden files 43-101 Technical Report for the Ixtaca Zone, T...
3/15/2013(Tuligtic)Files 43-101 Technical Report for the Tuligtic Project, Mexi...
3/4/2013Sells Six Portfolio Projects to Tarsis Resources
2/21/2013Drilling Underway at Almaden's El Cobre Copper-Gold Project,...
12/13/2012(Ixtaca)Discovers New Area of Mineralisation at Tuligtic, Mexico 2.4...
11/26/2012Discovers New High Grade Area Outside Resource Shell, Hits 1...
11/19/2012Completes Drilling for Maiden Resource, Hits 18.00 Meters of...
10/22/2012Drilling Hits 25.7 Meters of 3.4 g/t AuEq (0.86 g/t Au, 127....
9/6/2012Steps Out 100 Meters on Northeast Extension, Cuts 99.80 Mete...
8/30/2012Almaden expands Ixtaca North Zone
8/8/2012Almaden hits 188.70m of 3.3g/t AuEq (1.32g/t Au & 97.8g/t Ag...
7/9/2012Almaden Hits 44.01m of 1g/t gold on Northeast Extension
7/9/2012Hits 44.01 Meters of 1.04 g/t Gold and 95.8 g/t Silver (3.0 ...
6/26/2012(Ixtaca)Almaden Minerals hits 25m of 4.22g/t Au on Ixtaca Zone
12/21/2011Provides Exploration Update
12/16/2011Mid-Day Breaking News From Almaden Minerals and Trimel Pharm...
11/30/2011Mid-Day Breaking News From Laurion, Almaden, Mineral Mountai...
11/29/2011Titan 24 Deep Earth Imaging Underway at Almaden's El Cobre C...
11/23/2011Mid-Day Breaking News From Remstar, Almaden, Foundation, and...
8/17/2011Almaden results from ixtaca zone
8/16/2011Almaden expands width of Ixtaca zone
4/27/2011Explains "Emphasis of Matter" in Auditors Report
4/19/2011Announces the Adoption of Shareholder Rights Plan
4/12/2011Files Form 20-F Documentation
2/2/2011Reports Objectives, Work Plan and Budget for 2011
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