Canadian Mining Journal


Almaden reveals new strategy at Ixtaca after mill agreement

VANCOUVER — It’s been a busy 12 months for Almaden Minerals (TSX: AMM; NYSE-MKT: AAU) and it wrapped up 2015 by unveiling a freshly signed option agreement for mill infrastructure that could significantly decrease development costs at its Ixtaca epithermal gold-silver deposit 95 km due north of Puebla City, Mexico.

The company also engineered a spinout vehicle for its portfolio of exploration properties, and locked up a non-brokered private placement that should position it well to advance Ixtaca further toward production next year.

In mid-June Almaden announced the creation of the newly minted Almadex Minerals (TSXV: AMZ; US-OTC: AXDDF), which will hold a 100% interest in the El Cobre copper-gold porphyry target and 21 other exploration assets the company’s father-son team of Duane and Morgan Poliquin have amassed over 35 years of prospecting and deal-making in Mexico.

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