Almaden Minerals (TSX: AMM; NYSE-MKT: AAU) has recently found new volcanic hosted mineralization beside its Ixtaca gold-silver deposit on its 100%-owned Tuligtic project in Puebla state, adding to the prospecting success it has had over the years in eastern Mexico, an area that it recognized in the early nineties as an unexplored terrain with great mineral potential.
Almaden’s CEO Morgan Poliquin, credited for discovering the Ixtaca deposit in 2010, and helping uncover the company’s first eastern Mexico project, Caballo Blanco, says he got the idea to explore this region while completing his master’s degree in geology at the University of Auckland.
Following the gold rush in California and western Nevada, explorers found bigger deposits a century later, to the east in Nevada’s Carlin trend and in Utah, Poliquin says. Given the number of historic deposits in Mexico’s western Sierra Madre mountains and that “nobody looked in the eastern part of the country,” Poliquin thought there might be a similar potential here.
“Geology doesn’t stop at borders and indeed it is similar; there’s potential for things that are unexplored for in the eastern part of the country,” he says.
Read the complete article at NorthernMiner.com/news/almaden