Almaden Minerals Ltd. (AMM.TO) is down nearly 5% at $3.59 after announcing results from holes TU-11-21 through 26 and TU-11-28 drilled on the Ixtaca zone and hole CA-11-01 the first hole drilled on the Caleva Zone which is located about 250 meters north from the Ixtaca zone, of its 100% owned Tuligtic property.
J.D. Poliquin, Chairman of Almaden, said in a statement: “Drilling to date on the Ixtaca zone shows good continuity of mineralisation in both horizontal and vertical dimensions. We are very pleased with these new results which further expand the known strike and vertical extent of the Ixtaca zone of veining. We now have three drills on site, two of which are currently drilling the Ixtaca zone. The third drill will be used to test several additional targets located outside of the Ixtaca zone and thought to have the potential to host separate zones of veining.” The company said it anticipates drilling operations will continue throughout 2011.
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