Almaden Announces Ixtaca Gold-Silver Deposit PEA Update Showing Significant Capital Savings And a Ramp-Up Alternative Case
Almaden Minerals Ltd. is pleased to report positive results from an updated National Instrument 43-101 compliant Preliminary Economic Assessment on its 100% owned Ixtaca Gold-Silver deposit, Mexico. The maiden PEA (reported in a Company news release on April 14th, 2014) and the PEA update have been prepared by Moose Mountain Technical Services and Knight Piésold Ltd. The conclusions and recommendations of the maiden PEA were that the Ixtaca deposit may be economically viable and the Company should proceed to a Pre-Feasibility study. Since that time work has commenced towards a PFS. The PEA Update (30,000 tonnes per day base case scenario) significantly reduces initial capital. Initial capital is further reduced with an alternative “ramp-up” case that starts with a smaller 7,000 tonnes per day mill and ramps up to 30,000 tonnes per day by Year 6. The PEA Update uses: