Welcome to our dedicated page for Almaden Minerals Ltd. news (Ticker: AAU), a resource for investors and traders seeking the latest updates and insights on Almaden Minerals Ltd. stock.
Almaden Minerals Ltd. (TSX: AMM; OTCQB: AAUAF) is a Canadian-based exploration stage company primarily focused on the acquisition, exploration, and development of mineral properties in Canada and Mexico. The company’s flagship asset is the Ixtaca Project, located in Puebla State, Mexico, which covers approximately 7,200 hectares. Almaden holds a 100% interest in this project, which is primarily targeted for its gold, silver, and copper deposits.
The Ixtaca Gold-Silver Deposit, discovered by Almaden in 2010, hosts proven and probable reserves containing 1.38 million ounces of gold and 85.1 million ounces of silver. A detailed feasibility study is available under the company’s profile on SEDAR and on Almaden’s website. The company is committed to sustainable development and actively engages with local communities to ensure positive social and economic impacts.
Recently, Almaden has faced legal challenges concerning its mineral title applications. The Mexican Supreme Court of Justice has mandated that Mexican authorities conduct consultations with indigenous communities before granting mineral titles. Despite these challenges, Almaden continues to work closely with the Mexican government and local stakeholders to progress the Ixtaca Project. Additionally, Almaden has submitted a Request for Consultations under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to resolve investment disputes with Mexico.
Almaden is headquartered in Vancouver, Canada, and maintains an active presence in Mexico through its subsidiary, Minera Gorrión. The company is also listed on the Toronto Stock Exchange and the OTCQB Marketplace in the United States.
Almaden Minerals Ltd. (NYSE American: AAU) has announced initial results from its drilling program in the Southeast Alteration Zone of the Ixtaca property in Mexico. The second hole, TU-21-552, was drilled to 785.77 m, revealing a highly altered volcanic unit and some intervals of elevated gold values. This area, located approximately one kilometer from the Ixtaca deposit, could indicate a large epithermal alteration zone. Ongoing exploration aims to discover new vein systems, following previous findings of promising pathfinder elements in the region.
Almaden Minerals Ltd. (NYSE American: AAU) has resumed drilling at its Ixtaca project in Mexico after enforcing strict Covid-19 protocols. Despite past cases of Covid-19 within its local staff, including one unfortunate death, the company has been proactive in safety measures, including employee education and community support through health supplies. The Ixtaca project holds significant mineral reserves, with proven and probable reserves of 1.38 million ounces of gold and 85.1 million ounces of silver. The company continues to collaborate with local health authorities to enhance community resilience against the pandemic.
Almaden Minerals Ltd. (AAU) announces a temporary pause in drilling activities at the Ixtaca project due to a rise in COVID-19 cases in Ixtacamaxtitlán. Although no team members have tested positive, local staff have been affected and are in quarantine. The company is coordinating with health authorities to provide assistance. One hole has been drilled in the Southeast Alteration Zone, reaching 785 meters, with core samples sent for assay. Results will be shared upon receipt and evaluation.
Almaden Minerals Ltd. (NYSE American: AAU) has announced the initiation of drilling at its Ixtaca property in Puebla State, Mexico. The phased drilling will focus on the Southeast Alteration Zone (SE Alteration Zone), located approximately 1 km from the Ixtaca deposit. Mapping and geophysical studies have identified significant alteration minerals in this area, suggesting the potential for a deeper epithermal system. Almaden's Ixtaca deposit boasts reserves of 1.38 million ounces of gold and 85.1 million ounces of silver. The company emphasizes strict adherence to COVID-19 protocols during the drilling process.
Almaden Minerals Ltd. (TSX: AMM; NYSE American: AAU) announced the unexpected passing of Mr. William J. Worrall, Q.C., a valued director and corporate counsel. Worrall had been with the company since 2013 and was recognized for his sage advice and significant contributions. Duane Poliquin, Chairman, expressed deep sorrow over the loss, highlighting Worrall's importance to the board. Almaden extends condolences to his family during this difficult time. The company operates the Ixtaca project in Mexico, which contains substantial gold and silver reserves.
Almaden Minerals Ltd. (AAU) held its Annual General Meeting (AGM) on June 29, 2021, where all shareholder proposals were approved. A total of 55,414,056 shares, representing 40.38% of eligible votes, were cast. Key outcomes included the election of directors, with Duane Poliquin receiving 98.08% of votes in favor. Notably, Ria Fitzgerald joins the Board, bringing 20 years of experience in equity capital markets and mining. Davidson & Company LLP was appointed as auditors for the upcoming year. Final voting results will be filed on SEDAR and EDGAR.
Almaden Minerals Ltd. (NYSE American: AAU) has completed a surface induced polarisation geophysical program at the Ixtaca deposit in Mexico. The survey aims to identify drill targets in the Southeast Alteration zone and Ixtaca Deeps. Preliminary results are being processed to pinpoint more defined targets for future diamond drilling. Notably, the SE Alteration zone shows promising epithermal alteration minerals. Almaden's Ixtaca project holds a proven reserve of 1.38 million ounces of gold and 85.1 million ounces of silver, indicating substantial mineral potential.
Almaden Minerals Ltd. (AAU) has commenced a surface induced polarization geophysical program at the Ixtaca deposit in Mexico. This program aims to pinpoint drill targets beneath the Southeast Alteration zone and at Ixtaca Deeps. The geophysical survey is expected to identify potential veining zones similar to those in the original deposit. Previously collected samples in the SE zone showed promising pathfinder elements, indicating the area's potential for an underlying epithermal system. Almaden anticipates sharing results and drilling plans with shareholders soon.
Almaden Minerals Ltd. has announced a significant legal development in Mexico regarding its mineral claims. The Collegiate Court of Mexico has referred the appeals concerning the constitutionality of mineral title laws to the Supreme Court of Justice of Mexico (SCJN) for a decision expected within four to eight months. This follows a previous ruling affirming the constitutionality of Mexico's mining laws. Almaden remains optimistic and plans to continue permitting and exploration efforts while awaiting the SCJN's decision.
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