Almaden Minerals Ltd. (AMM.TO), which lost more than 4% yesterday, announced results from the 2011 drilling program on the company’s 100% owned Tuligtic project, Mexico, with holes TU-11-69, 75, 77 to 80, 82 To 87 and 89 to 92.
It said: “Final analyses have not yet been received for holes TU-11-81, 88 and 93 to 95. Hole TU-11-92 was drilled to the south of the Main Ixtaca Zone and intersected 5.57 meters of 1.05 g/t gold and 2.9 g/t silver to the end of the hole (the hole was lost). This intersection is interpreted to represent a new zone on the project (now called the Ixtaca South Zone).”
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