Almaden Minerals Ltd. announces that the independent NI 43-101 Pre-Feasibility Study of the Ixtaca Gold-Silver Project located in Puebla State, Mexico, has been filed on SEDAR. A summary of findings from the PFS was announced in Almaden’s press release issued April 3rd, 2017. The full report, prepared by Moose Mountain Technical Services, can be viewed under the Company’s profile on www.sedar.com.
Mexico’s tax authority SAT and Grupo Mexico declined to comment. Fresnillo said it fully complied with its tax and royalty obligations while Penoles cited a letter from Mexico’s mining chamber rejecting allegations its members avoided taxes and questioned government calculations.
David Coburn, CEO of Gainey Capital, commented, I am excited to add Mark Bailey to our Advisory Board, his experience within Mexico as well as his relationships within the investment community will be a major asset for Gainey Capital as we move the company forward and continue exploration on the El Colomo project.
Brian Robertson, Chairman and CEO, commented: “We are excited about the expansion of the El Dorado / Juan Bran zone on strike as well as the number of high-grade intersections. The Cinco Senores zone, which is the site of extensive historical mining, is located approximately 670 metres to the west of the El Dorado / Juan Bran zone. The objective of the drilling program, which included infill/extension and step-out drilling, is to advance the Las Minas project to an initial mineral resource estimate, planned for Q2. The resource estimate will focus on the El Dorado / Juan Bran and Santa Cruz zones, two of six known mineralized zones at the property. The extension of the El Dorado / Juan Bran zone on strike to the west plus the previous drill results and sampling at the Cinco Senores zone – see news releases February 2, 2011 and August 8, 2011 and May 15, 2017 – is indicative of the extent of the mineralization at Las Minas.”
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