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News Release: September 11th, 2005
Exploration Update on Activities
at the SKOONKA CREEK (SAM) Gold Property, B.C.
Almaden is pleased to announce the following
update of exploration results from the company's wholly owned
Skoonka Creek (SAM) property which is located 10 km northeast
of Lytton in southern British Columbia. The following results
are part of an exploration program that is being carried out
by partner Strongbow Exploration Inc. ("Strongbow")
who have optioned the Skoonka Creek property under terms whereby
Strongbow can earn up to a 60% interest in the 10,765 hectare
(26,598 acres) property by making share payments to Almaden and
incurring exploration expenditures of $C4 Million. These results
have already been released by Strongbow on September 6, 2005.
A series of hand dug trenches have been completed
over the JJ showing where two parallel quartz veins uncovered
by a single trench in 2004 returned an average grade of 22.8
g/t gold over an estimated true width of 2.0 m. The new trenching
has exposed the northeast striking JJ mineralized system over
a total length of approximately 45 m. Initial results have been
received from three new trenches that bracket the 2004 JJ trench,
representing an exposed strike length of approximately 21 m.
Each trench is oriented perpendicular to strike and ranges from
3.9 m to 7.3 m in length. Of 29 bulk channel samples collected
to date, 28 have returned greater than 100 ppb gold, including
20 samples greater than 1 g/t gold and 10 samples in excess of
12 g/t gold. Best averaged results are as follows (from southwest
to northeast):
|
Trench
|
Apparent Width (m)
|
Gold (g/t)
|
|
2005-T3
|
3.4
|
19.3
|
|
2004-JJ
|
3.0
|
22.8
|
|
2005-T2
|
1.4
|
13.9
|
|
2005-T1
|
7.3
|
1.16
|
Including
|
2.3
|
2.08
|
Additional trenching has recently been completed
approximately 25 m along strike to the northeast of trench 2005-T1,
in the vicinity of eight float and outcrop grab samples that
have returned from 0.34 to 6.97 g/t gold. Results from this new
trenching are pending, however this work has exposed a series
of narrow quartz veins up to 0.5 m in apparent thickness within
a 1.5 m wide mineralized zone, effectively extending the strike
length of the JJ showing to 45 m. The JJ vein system is hosted
within clay altered andesites and is estimated to have a moderate,
60 to 70 degree southeasterly dip. A detailed soil grid has also
been completed over the JJ showing, with 195 samples collected
at 25 m stations along 50 m spaced lines. Results from the survey
define a gold soil anomaly covering a 150 m by 150 m area within
the central part of the grid, including several individual station
points returning in excess of 1,000 ppb gold. The JJ showing
is located along the southeastern edge of the soil anomaly and
the size and shape of the anomaly suggests that additional parallel
mineralized zones may be present across strike to the northwest.
A second soil grid of similar size has also
been completed over the DD (Discovery) showing where previous
work identified a low grade quartz breccia vein returning a weighted
average gold value of 0.38 g/t over a width of 4.2 m. Initial
results of the soil survey indicate a gold soil anomaly over
a 200 m northeast trending zone coincident with the DD showing.
Prospecting and mapping in the area has identified outcrop and
float boulders of additional quartz breccia and veining both
within and outside of the detailed soil grid. Results from most
of these rock samples remain outstanding however some are noted
to contain excellent examples of epithermal textures with multiple
generations of silica flooding.
Strongbow further reports that infill soil
sampling is presently underway on both the JJ and DD grids to
more accurately constrain the extent of the gold soil anomalies
and that ground geophysical surveys are also planned in anticipation
of a mid to late September drill program.
The property hosts two gold bearing epithermal
vein showings and a number of untested gold soil anomalies. The
showings were discovered by Almaden over the preceding two years
and represent part of a new, previously unexplored epithermal
gold district located in a mature mining region that has excellent
infrastructure. The northern part of the property hosts two gold
bearing epithermal vein showings located approximately three
kilometres apart. The high grade JJ showing consists of two closely
spaced veins separated by approximately 0.5 metres of altered
volcanic wall rocks. Large channel samples collected by Almaden
in 2004 from a hand dug trench exposure have returned from 12.8
g/t gold to 53.4 g/t gold from vein material and 4.5 g/t to 9.2
g/t gold from altered wall rock.
Almaden is pleased with the progress that
Strongbow is making on the outlining the mineralization on the
Skoonka Creek property. Work reported in this news release was
conducted under the supervision of David Gale, P.Geo. (BC), a
qualified person under NI 43-101. Almaden currently has 15 active
joint venture projects including 10 in which a partner is earning
an interest in an Almaden property through spending, and two
regional exploration joint ventures, one with BHP Billiton World
Exploration Inc. ("BHPB") to explore for copper-gold
deposits in Mexico and one with Japan Oil, Gas and Metals National
Corporation ("JOGMEC") to explore for base metal deposits
in Mexico.
ON BEHALF OF THE BOARD
OF DIRECTORS
Morgan Poliquin
The Toronto Stock Exchange
has not reviewed nor accepted responsibility for the adequacy
or accuracy of the contents of this news release which has been
prepared by management. Statements contained in this news release
that are not historical facts are forward looking statements
as that term is defined in the private securities litigation
reform act of 1995. Such forward -looking statements are subject
to risks and uncertainties which could cause actual results to
differ materially from estimated results. Such risks and uncertainties
are detailed in the Company's filing with the Securities and
Exchange Commission. |