Cabin Lake, Yukon Territory
The Cabin Lake massive sulphide property
is located in the Yukon Territory, 190 kilometres southeast of
Whitehorse. The 19 mineral claims were staked to cover the source area of a precious
and base metal anomalies in stream sediments and soil samples. Exploration activities from 1997 to 2000 included geological mapping, soil geochemical surveying geophysical surveying and limited trenching.
Caribou Creek, Yukon Territory
The Caribou Creek copper,
zinc, and lead property is located in the Yukon Territory 180
kilometers east of Whitehorse. The 48 contiguous copper, lead,
and zinc minerals claims were acquired by staking in 1997 and
1998. They are underlain
by stratigraphy that has been correlated to the Nasina Assemblage
of the Yukon Tanana Terrain which hosts the Volcanogenic massive
sulfide deposits in the Finlayson Lake district, Yukon.
Erika Project, Guerrero State
The Erika Property covers 16,000 acres in Guerrero State, Mexico. The Erika property was originally acquired as a gold prospect by Almaden in 2004, however subsequent work defined a large area of alteration and elevated silver, lead and zinc in soil geochemistry typical of a silver-rich quartz vein system. In 2005, a controlled source audio frequency magnetotellurics geophysical survey was carried out on the property. This work program identified significant resistivity and conductivity anomalies thought to be representative of vein and sulphide replacement mineralization respectively.
Goz Creek Project, Yukon Territory
The Goz Creek property consists of 14 mineral claims located 180 kilometers northeast of Mayo, Yukon. The property covers an area of Lower Cambrian carbonate rocks that host stratabound replacement zinc mineralization. Diamond drilling in the 1970s defined a historic, non NI 43-101 (as defined below) resource of 2.893 million tons averaging 11.25% zinc. The exploration potential to expand the known mineralization is considered favourable. Almaden does not consider the historical estimates as current mineral resources. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. The historical estimate should, therefore, not be relied upon.
Meister Property, Yukon Territory
The Meister zinc-lead-silver
property is located 90 kilometers west of Watson Lake, Yukon
Territory and 14 kilometers northwest of Kilometer 1110 on the
Alaska Highway. A four-wheel drive road originating from the
Alaska Highway provides access to the property. The entire claim
group (7 mineral claims) is underlain by a folded, faulted and metamorphosed sequence
of Lower Cambrian or earlier sedimentary rocks. Mineralization
consisting of mainly zinc-silver-lead bearing oxides appears
to be related to replacement and/or fault zones at or near the
phyllite-carbonate interface. A total of 27 diamond drill holes in the mid 1980s encountered significant silver-lead-zinc values including a drill intersection of 3.79% zinc and 41.8 grams silver per tonne over 29 meters. Further drilling is required in order to define the limits of the mineralization.
Mor Project, Yukon Territory
The MOR Property consists of 52 mineral claims located 180 kilometers west of Watson Lake, Yukon. From 1997 to 2000 exploration activities included prospecting and reconnaissance sampling, grid soil geochemistry and ground based magnetometer and very-low frequency electromagnetic ("VLF-EM") geophysical surveys. This work outlined several discrete VLF-EM conductors with associated magnetic responses, some of which are partially coincident with anomalous multiple-element soil geochemical trends. Grid soil geochemical surveys covered 75% of the property. Results indicated a 2000-meter long by 100 to 200 meter wide area anomalous in copper, lead, zinc and silver.
In 2003-2004, an induced polarization ground geophysics survey was followed by the diamond drilling of two holes. Hole MO04001 intersected significant alteration and mineralization returning 4.9 meters averaging 1.31% zinc, 0.69% copper, 0.15% lead, 39.7 grams silver per tonne and 0.82 gram gold per tonne from 18 meters downhole. The second hole returned 3.75 meters grading 0.76% zinc, 0.17% copper, 0.11% lead, 12.95 grams silver per tonne and 0.17 gram gold per tonne from 23.3 meters downhole. An evaluation of the geophysical data suggests that the two holes did not test the core of a potential volcanogenic massive sulphide system.
Prospector Mountain, Yukon Territory
The Prospector Mountain
gold-silver-copper property consists of 239 mineral claims covering 10,000 acres (4,996 hectares) located 240
kilometers northwest of Whitehorse in the Yukon. The property
was acquired by staking by Almaden. The property lies within the Dawson Range portion of the Tintina Gold Belt and covers an area of hydrothermal alteration and mineralisation indicative of both a porphyry copper-gold and epithermal gold-silver mineralising environment. Copper-gold mineralised and K-silicate altered Cretaceous intrusive rocks outcrop on the project as well as banded quartz veins that have returned high silver and gold values from samples taken in historic work programs.
Previous work resulted in the
discovery of narrow veins of bonanza grade gold and silver along
ridgelines as well as broad zones of lower mineralization in
subsequent trending. The area had also been investigated
for porphyry copper mineralization. A study and reinterpretation
of gold geochemical surveys indicates that a number of gold,
silver and base metal anomalies were never tested. Almaden
feels that the property has potential for bulk tonnage gold and
copper targets akin to those hosted by similar volcanic settings
in the S.W. Pacific.
Tim Project, Yukon Territory
The Tim property consists of 10 mineral claims located 72 kilometers west of Watson Lake, Yukon and 12 kilometers northeast of the Silvertip deposit. The Tim property claims cover an area of anomalous silver-lead-zinc in soil geochemistry that is coincident with an induced polarization geophysical anomaly. Trenching in 1988 uncovered silver, lead, zinc bearing iron and manganese oxides over widths of up to 30 meters and over a strike length of 1 kilometer. Rock-chip sampling done in a trench over this anomaly returned 352.4 grams silver per tonne, 9.12% lead over 4 meters and two grab samples taken from another trench returned assays of 1248.1 g/t silver and 49.5% lead and 978.7 g/t silver and 32% lead respectively.
