Day: December 15, 2016

“The processing of this large industrial scale bulk sample has allowed us to test various reagents, grinding sizes and recovery methods in order to work towards optimizing recoveries of gold, silver, lead and zinc ” states Señor Antonio Berlanga, CEO of the Company, “and although the first shipments of lead and zinc concentrates have produced reasonable cash sales as outlined above, subsequent shipments of lead and zinc concentrates are expected to command even higher sale prices per tonne based upon the assay results obtained in the Andes Mill laboratory as recovery techniques were improved and perfected towards the end of processing the complete 3,500 tonnes industrial scale bulk sample”.

J. Duane Poliquin, Chairman of Almaden commented, “Since the announcement of hole EC-16-10 which discovered high grades beneath previously identified porphyry mineralistion, our drill program has been focused on identifying controls on mineralisation and a vector to a porphyry core. Now a picture is developing from the data received to date. It has been a very eventful year for Almadex and we are now looking forward to carrying out a systematic drill campaign to follow-up these results to the south of the Norte zone and elsewhere on the project in 2017.”

Orex’s President, Gary Cope says, “While the preliminary metallurgical results are not ideal for the Boleras Main Zone, the comparisons between Sandra Escobar geology and that of the neighbouring La Pitarrilla project are encouraging.”