BRITISH COLUMBIA – Vancouver’s ALMADEN MINERALS has unearthed a new belt of epithermal gold mineralization near the small town of Merritt. The company has staked four areas of clay-carbonate alteration and quartz veining, representative of low-sulphidation epithermal gold-silver vein systems. These are the first hardrock claims staked in the area, despite its being the site of placer gold rushes in the mid-19th to early 20th centuries.
Almaden has optioned two of the claim groups. CONSOLIDATED SPIRE VENTURES can earn a 60% interest in the Prospect Valley claims, where grab samples assayed up to 43.3 g/t Au. Work at Prospect Valley has outlined an anomaly measuring over 3,000 metres by 200 to 400 metres. The Skoonka Creek project is optioned to STRONGBOW EXPLORATION, which can acquire a 60% interest. The first drill program at Skoonka Creek returned 18.4 g/t Au over 12.8 metres. Strongbow traced gold mineralization over a strike length of 350 metres.
Almaden retains a 100% interest in the Merit and Nicoamen River projects, which it is working. The company has acquired three additional claim blocks for further evaluation in 2006.
Contact Almaden at 604-689-7644 or info@AlmadenMinerals.com.