VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 6, 2013) - Almaden Minerals Ltd. ("Almaden" or "the Company") (AMM.TO)(NYSE MKT:AAU) is pleased to announce results from the first two holes of the 2013 drill program on the Company's 100% owned El Cobre copper-gold porphyry project, Mexico. This new drilling was conducted on only one of the four porphyry targets identified over a 12 square kilometre area on the project. These new results continue to show the potential of the El Cobre project to host an economic copper-gold porphyry deposit.
J.D. Poliquin, Chairman of Almaden commented, "This new drilling at El Cobre further highlights the potential of this project to host a porphyry deposit. The project has unparalleled infrastructure that is permissive for a deposit to be developed. At this time we have only tested one of four known targets. Much more work is required to fully understand and explore this exciting copper-gold project. While market conditions require us to focus on our Tuligtic project in the near-term, we are looking forward to advancing El Cobre with the aggressive drill program required to explore this tremendous target."
Highlights from the holes released today include the following intercepts (a more complete list of intercepts is shown in the table below):
| Hole EC-13-004 || El Porvenir Zone |
| 243.00 meters @ 0.25 g/t gold and 0.18% copper |
| || Including || 106.00 meters @ 0.36 g/t gold and 0.23% copper |
| || || Includes 68.00 meters @ 0.47 g/t gold and 0.29% copper |
| || || Includes 32.00 meters @ 0.82 g/t gold and 0.41% copper |
| || And || 101.00 meters @ 0.20 g/t gold and 0.18% copper |
Drillhole EC-13-004 was drilled at a -50 degree dip towards the southwest and the intervals reported above and in the table below represent length down the hole. The Company has yet to collect sufficient data to determine how the downhole drill intervals might relate to the actual true thickness of mineralization. Drillhole EC-13-005 was also drilled to the southwest from the same pad but at a steeper angle (-72) and largely intersected intensely phyllic altered and pyrite mineralised monzonite intrusives with minor copper and gold. Hole EC-13-005 is interpreted to not have gone deep enough to cross the significant copper-gold intersection in the shallower EC-13-004. Due to market conditions the Company has temporarily suspended drilling at El Cobre to focus on the Ixtaca zone of its flagship gold-silver Tuligtic project, also in Mexico. Drilling will recommence after the Company has planned a new program of drilling based on an analysis of the holes reported today.