MERRITT, British Columbia The former Siwash gold mine, where owner ALMADEN MINERALS drilled 6,570 metres in September and October 2003, is yielding high-grade intersections. Preliminary assays are grading anywhere from 11.06 g/t Au over 0.5 metre to 28.25 g/t Au over 1.0 metre, 78.56 g/t Au over 0.5 metre, and as much as 219.96 g/t Au over 0.5 metre.
The high-grade Siwash mine produced 51,700 oz of gold in the 1990s. According to estimates made in 2000, Almaden believes the project hosts resources of 87,700 oz and reserves of 1.4 million oz. A new resource estimate incorporating drill results from the 2002 and 2003 program is being prepared.
Four vein systems have been identified and drilled in the Siwash area. The B system with a strike length of 900 metres has been tested down-dip to 320 metres. The WD zone with a strike length of 650 metres has been tested to 370 metres down-dip. The GCW zone with a strike length of 300 metres has been tested to 130 metres down-dip. And the Bullion Creek (BC) zone has been tested with two holes to a depth of 75 metres. Details are available at www.almadenminerals.com.