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News Release: October 18th, 2000
Update on the Yago Project
The wholly owned Mexican subsidiaries of Almaden
Resources Corporation and Fairfield Minerals Ltd. have yet to
resolve outstanding differences with the previous drill contractor
at their joint ventured Yago gold-silver property in Nayarit,
Mexico.
The drill is still on the property and the
companies wish to use this equipment with another contractor.
If the issues are resolved shortly drilling will proceed. If
there is further delay, the program will not start until the
new year.
ON BEHALF OF THE BOARD
OF DIRECTORS
Duane 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.
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