Almaden reports expansion of Mexico’s silver-gold-lead-zinc project
Almaden President/CEO Morgan Poliquin reports positively on the Tuligtic gold-silver project in Puebla State, Mexico. After the discovery of the gold-silver vein system in August of 2010, continued investigation shows a completely different orientation. Multiple zones and broad areas of calcite-quartz veining contained portions of high grade gold and silver mineralization. The corporate goal for 2012 is to produce a resource on the three zones already known and start preliminary drilling on some of the other areas of surface results. An initial resource estimate is expected in 2012 by the 4Q, but may not reflect the entire scope of the potential. Almaden plans to continue exploratory drilling with the four drills it owns since there is no history of mining or exploration in the zone and it is also covered with a thin skin of volcanic ash.
President/CEO Morgan Poliquin tells ResourceClips.com, “We’ve been exploring here for almost two years. We announced the discovery of this gold-silver vein system in August 2010. It’s an area where these veins don’t outcrop, and there is no history of mining or any past exploration. So we we’re starting from zero in terms of information. The area is covered with a thin skin of volcanic ash that’s barren, so you can’t see the mineralization, and we’re feeling our way around.”