Almaden Drilling Hits 25.7 Meters of 3.4 g/t AuEq (0.86 g/t

Almaden Drilling Hits 25.7 Meters of 3.4 g/t AuEq (0.86 g/t Au, 127.8
g/t Ag) on Northeast Extension, Hits on Ixtaca North Zone and Expands
Main Ixtaca Zone to Northeast 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/22/12 -- Almaden
Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE MKT:AAU) is
pleased to announce further results from the on-going exploration
drill program at the Company's 100% owned Tuligtic project, Mexico
with holes TU-12-176, 181, 186, 188 to 195, 197 to, 200, 203, 205,
206, 209 and 216. The holes were drilled as part of Almaden's
on-going four drill exploration program which has been designed to
enable the calculation of a preliminary resource estimate. The
intersections reported today demonstrate the continuity of the known
mineralisation as well as the presence of high grades locally.
Highlights from the holes released today include the following
intercepts (a more complete list of intercepts is shown in the table
below): 


 
Hole TU-12-181                        IXTACA NORTH ZONE SECTION 10+850N:    
102.70 meters @ 0.32 g/t gold and 60.3 g/t silver (1.5 g/t gold equivalent) 
Including                             11.40 meters @ 0.24 g/t gold and 402.7
                                      g/t silver (8.3 g/t gold equivalent)  
And                                   3.55 meters @ 0.54 g/t gold and 928.4 
                                      g/t silver (19.1 g/t gold equivalent) 
                                                                            
Hole TU-12-186                        NORTHEAST EXTENSION SECTION 498+35N:  
65.91 meters @ 0.49 g/t gold and 12.8 g/t silver (0.7 g/t gold equivalent)  
                                                                            
Hole TU-12-190                        NORTHEAST EXTENSION SECTION 500+50N:  
42.15 meters @ 1.06 g/t gold and 47.4 g/t silver (2.0 g/t gold equivalent)  
Including                             7.00 meters @ 1.34 g/t gold and 72.0  
                                      g/t silver (2.8 g/t gold equivalent)  
And                                   11.80 meters @ 1.67 g/t gold and 71.7 
                                      g/t silver (3.1 g/t gold equivalent)  
                                                                            
Hole TU-12-191                        NORTHEAST EXTENSION SECTION 498+35N:  
86.76 meters @ 0.31 g/t gold and 22.6 g/t silver (0.8 g/t gold equivalent)  
                                                                            
Hole TU-12-194                        NORTHEAST EXTENSION SECTION 500+50N:  
58.80 meters @ 1.04 g/t gold and 19.4 g/t silver (1.4 g/t gold equivalent)  
                                                                            
Hole TU-12-198                        IXTACA NORTH ZONE SECTION 10+200E:    
35.85 meters @ 0.73 g/t gold and 2.2 g/t silver (0.8 g/t gold equivalent)   
                                                                            
Hole TU-12-199                        NORTHEAST EXTENSION SECTION 500+50N:  
79.80 meters @ 0.84 g/t gold and 20.6 g/t silver (1.3 g/t gold equivalent)  
                                                                            
Hole TU-12-205                        NORTHEAST EXTENSION SECTION 500+50N:  
51.00 meters @ 0.51 g/t gold and 6.0 g/t silver (0.6 g/t gold equivalent)   
Including                             4.50 meters @ 3.41 g/t gold and 6.1   
                                      g/t silver (3.5 g/t gold equivalent)  
39.00 meters @ 0.61 g/t gold and 88.8 g/t silver (2.4 g/t gold equivalent)  
Including                             25.70 meters @ 0.86 g/t gold and 127.8
                                      g/t silver (3.4 g/t gold equivalent)  
7.00 meters @ 0.19 g/t gold and 207.2 g/t silver (4.3 g/t gold equivalent)  
                                                                            
Hole TU-12-216                        MAIN IXTACA ZONE SECTION 10+950 E:    
90.50 meters @ 0.61 g/t gold and 2.4 g/t silver (0.7 g/t gold equivalent)   
Including                             7.0 meters @ 1.54 g/t gold and 3.4 g/t
                                      silver (1.6 g/t gold equivalent)      
                                                                            
                                                                            
                                                                            
----------------------------------------------------------------------------
                              Interval     Au     Ag   AuEq   AgEq          
Hole #       From (m)  To (m)      (m)  (g/t)  (g/t)  (g/t)  (g/t)   SECTION
----------------------------------------------------------------------------
TU-12-176      124.45  126.90     2.45   0.33    1.5    0.4     18 TU-12-176
----------------------------------------------------------------------------
TU-12-181       64.40  167.10   102.70   0.32   60.3    1.5     76   10+850E
------------------------------------------------------------------          
including      134.60  164.10    29.50   0.14  183.4    3.8    190          
------------------------------------------------------------------          
including      152.20  163.60    11.40   0.24  402.7    8.3    415          
------------------------------------------------------------------          
including      152.20  155.75     3.55   0.54  928.4   19.1    955          
------------------------------------------------------------------          
TU-12-181      175.95  192.10    16.15   0.05   38.9    0.8     41          
------------------------------------------------------------------          
TU-12-181      207.10  224.94    17.84   0.30   47.2    1.2     62          
------------------------------------------------------------------          
including      220.30  224.94     4.64   0.85  131.3    3.5    174          
----------------------------------------------------------------------------
TU-12-186       18.29   84.20    65.91   0.49   12.8    0.7     37   498+35N
------------------------------------------------------------------          
including       24.00   37.70    13.70   0.83   36.5    1.6     78          
------------------------------------------------------------------          
including       61.20   67.20     6.00   0.82    4.9    0.9     46          
----------------------------------------------------------------------------
TU-12-188       90.22  109.00    18.78   0.22    0.2    0.2     11   10+100E
------------------------------------------------------------------          
TU-12-188      139.00  158.50    19.50   0.32    3.1    0.4     19          
------------------------------------------------------------------          
TU-12-188      264.80  267.30     2.50   0.24    8.2    0.4     20          
----------------------------------------------------------------------------
TU-12-189      144.00  148.35     4.35   0.60    0.0    0.6     30 TU-12-189
----------------------------------------------------------------------------
TU-12-190       85.00   89.00     4.00   0.25    0.5    0.3     13   500+50N
------------------------------------------------------------------          
TU-12-190      100.00  112.00    12.00   0.17    1.9    0.2     11          
------------------------------------------------------------------          
TU-12-190      259.00  272.90    13.90   0.17   12.3    0.4     21          
------------------------------------------------------------------          
TU-12-190      278.85  321.00    42.15   1.06   47.4    2.0    101       
   
------------------------------------------------------------------          
including      293.50  300.50     7.00   1.34   72.0    2.8    139          
------------------------------------------------------------------          
including      306.00  317.80    11.80   1.67   71.7    3.1    155          
------------------------------------------------------------------          
including      310.00  314.00     4.00   2.45  116.4    4.8    239          
------------------------------------------------------------------          
TU-12-190      377.90  386.00     8.10   0.24    2.8    0.3     15          
----------------------------------------------------------------------------
TU-12-191       15.24  102.00    86.76   0.31   22.6    0.8     38   498+35N
------------------------------------------------------------------          
including       70.40   84.40    14.00   0.16   48.5    1.1     56          
------------------------------------------------------------------          
including       93.90   97.00     3.10   0.25  117.0    2.6    129          
----------------------------------------------------------------------------
TU-12-192      141.50  145.00     3.50   0.32    0.9    0.3     17   10+100E
------------------------------------------------------------------          
TU-12-192      237.60  240.60     3.00   0.80    1.5    0.8     42          
----------------------------------------------------------------------------
TU-12-193       67.00   96.00    29.00   0.53    3.4    0.6     30   10+250E
------------------------------------------------------------------          
TU-12-193      107.50  112.50     5.00   0.22    3.1    0.3     14          
----------------------------------------------------------------------------
TU-12-194       83.50   87.50     4.00   0.46    2.8    0.5     26   500+50N
------------------------------------------------------------------          
TU-12-194      112.60  124.00    11.40   0.22    4.4    0.3     16          
------------------------------------------------------------------          
TU-12-194      272.50  279.50     7.00   0.15   40.9    1.0     49          
------------------------------------------------------------------          
TU-12-194      294.50  300.00     5.50   0.14   81.1    1.8     88          
------------------------------------------------------------------          
TU-12-194      313.00  371.80    58.80   1.04   19.4    1.4     71          
------------------------------------------------------------------          
including      317.60  347.00    29.40   1.63   23.9    2.1    106          
----------------------------------------------------------------------------
TU-12-195       51.25   58.30     7.05   0.22    2.1    0.3     13   10+250E
------------------------------------------------------------------          
TU-12-195      181.00  186.50     5.50   0.23    2.0    0.3     14          
----------------------------------------------------------------------------
TU-12-197      173.00  177.00     4.00   0.52    0.7    0.5     27   10+250E
----------------------------------------------------------------------------
TU-12-198       57.00   92.85    35.85   0.73    2.2    0.8     39   10+200E
------------------------------------------------------------------          
including       68.50   90.00    21.50   1.04    2.9    1.1     55          
------------------------------------------------------------------          
TU-12-198      112.00  117.00     5.00   0.21    8.3    0.4     19          
------------------------------------------------------------------          
TU-12-198      171.50  180.30     8.80   0.12   12.0    0.4     18          
----------------------------------------------------------------------------
TU-12-199       66.00   70.00     4.00   0.26    2.4    0.3     15   500+50N
------------------------------------------------------------------          
TU-12-199       91.00   93.80     2.80   0.19    3.0    0.3     13          
------------------------------------------------------------------          
TU-12-199      344.20  424.00    79.80   0.84   20.6    1.3     63          
------------------------------------------------------------------          
including      365.70  385.70    20.00   1.19   25.6    1.7     85          
------------------------------------------------------------------          
including      396.50  402.50     6.00   1.43   16.0    1.8     88          
------------------------------------------------------------------          
including      408.30  423.40    15.10   1.48   37.6    2.2    112          
------------------------------------------------------------------          
including      414.30  416.10     1.80   4.90  175.5    8.4    421          
----------------------------------------------------------------------------
TU-12-200       29.00   33.00     4.00   0.27    1.0    0.3     15   10+200E
------------------------------------------------------------------          
TU-12-200       41.00   48.16     7.16   0.37    2.6    0.4     21          
------------------------------------------------------------------          
TU-12-200       54.75   65.60    10.85   0.24    4.1    0.3     16          
------------------------------------------------------------------          
TU-12-200      100.00  103.00     3.00   0.24    1.0    0.3     13          
----------------------------------------------------------------------------
TU-12-203       48.00   49.70     1.70   0.24    1.5    0.3     14   10+200E
----------------------------------------------------------------------------
TU-12-205       81.00  132.00    51.00   0.51    6.0    0.6     32   500+50N
------------------------------------------------------------------          
including      101.50  106.00     4.50   3.41    6.1    3.5    177          
------------------------------------------------------------------          
TU-12-205      254.50  293.50    39.00   0.61   88.8    2.4    119          
------------------------------------------------------------------          
including      255.50  281.20    25.70   0.86  127.8    3.4    171          
------------------------------------------------------------------          
including      256.00  272.40    16.40   1.08  164.8    4.4    219          
------------------------------------------------------------------          
including      256.00  265.00     9.00   1.57  244.5    6.5    323          
------------------------------------------------------------------          
TU-12-205      312.00  319.00     7.00   0.19  207.2    4.3    217          
----------------------------------------------------------------------------
TU-12-206      175.00  191.00    16.00   0.57   80.4    2.2    109   10+475E
----------------------------------------------------------------------------
TU-12-209      143.00  145.00     2.00   0.10   10.8    0.3     16   10+475E
------------------------------------------------------------------          
TU-12-209      152.00  154.20     2.20   0.08    8.3    0.2     12          
------------------------------------------------------------------          
TU-12-209      168.50  174.40     5.90   0.17    9.2    0.4     18          
----------------------------------------------------------------------------
TU-12-216       14.63   33.00    18.37   0.33    1.9    0.4     19   10+950E
---------------------------
---------------------------------------          
TU-12-216       62.50  153.00    90.50   0.61    2.4    0.7     33          
------------------------------------------------------------------          
including       79.50   86.50     7.00   1.54    3.4    1.6     80          
------------------------------------------------------------------          
including       97.00  100.50     3.50   1.02    2.7    1.1     54          
------------------------------------------------------------------          
TU-12-216      203.10  216.60    13.50   0.34   19.9    0.7     37          
----------------------------------------------------------------------------

 
J.D. Poliquin, Chairman of Almaden commented, "These new results show
the continued expansion of the overall Ixtaca vein system. The
potential for growth is shown by Hole TU-12-216 which represents a 70
meter step out to the northeast from previous drilling in the Main
Ixtaca Zone."  
The Company currently has four drills operating on the Tuligtic
project. Almaden plans to continue drilling operations throughout
2012. Below is a plan map, relevant sections and table of significant
intervals which will be posted to the Company's website
(www.almadenminerals.com). 
About the Ixtaca Property 
The 100% owned Ixtaca zone is a blind discovery made by the Company
in 2010. The Main Ixtaca and Ixtaca North Zones of veining are
thought to have a north-easterly trend. Holes to date suggest that
the Main Ixtaca and Ixtaca North Zones are sub vertical with local
variations. This interpretation suggests that true widths range from
approximately 35% of intersected widths for a -70 degree hole to 94%
of intersected widths for a -20 degree hole. The drilling completed
to date has traced mineralisation over 1,000 meters along this
northeast trend. Based upon observations at surface and of core as
drilling progresses, there seems to be a variety of veinlet
orientations within the Northeast Extension Zone however overall the
zone is currently interpreted to be dipping shallowly to the west and
striking roughly north-south. 
Mr. Norm Dircks, P.Geo., a qualified person ("QP") under the meaning
of NI 43-101, is the QP and project manager of Almaden's Ixtaca
program and reviewed the technical information in this news release.
The analyses reported were carried out at ALS Chemex Laboratories of
North Vancouver using industry standard analytical techniques. For
gold, samples are first analysed by fire assay and atomic absorption
spectroscopy ("AAS"). Samples that return values greater than 10 g/t
gold using this technique are then re-analysed by fire assay but with
a gravimetric finish. Silver is first analysed by Inductively Coupled
Plasma - Atomic Emission Spectroscopy ("ICP-AES"). Samples that
return values greater than 100 g/t silver by ICP-AES are then re
analysed by HF-HNO3-HCLO4 digestion with HCL leach and ICP-AES
finish. Of these samples those that return silver values greater than
1,500 g/t are further analysed by fire assay with a gravimetric
finish.  
Blanks, field duplicates and certified standards were inserted into
the sample stream as part of Almaden's quality assurance and control
program which complies with National Instrument 43-101 requirements.
Gold equivalent ("AuEq" or "Gold Eq.") and silver equivalent ("AgEq"
or "Silver Eq.") values were calculated using silver to gold ratios
of 50 to 1. The ratio of 50 to 1 was used for the sake of consistency
with past news releases. Intervals that returned assays below
detection were assigned zero values. Metallurgical recoveries and net
smelter returns are assumed to be 100% for these calculations.  
About Almaden 
Almaden is a well-financed (cash, gold inventory and equity
investments totalling approximately $35.6 MM as of July 4, 2012)
mineral exploration company working in North America. The company has
assembled mineral exploration projects, including the Ixtaca Zone and
the Tuligtic project, through its grass roots exploration efforts.
While the properties are largely at early stages of development they
represent exciting opportunities for the discovery of significant
gold, silver and copper deposits as evidenced at Ixtaca. Almaden's
business model is to find and acquire mineral properties and develop
them by seeking option agreements with others who can acquire an
interest in a project by making payments and exploration
expenditures. Through this means the company has been able to expose
its shareholders to discovery and capital gain without the funding
and consequent share dilution that would be required if the company
were to have developed these projects without a partner. The company
intends to expand this business model, described by some as prospect
generation, by more aggressively exploring several of its projects
including the Ixtaca Zone. 
On Behalf of the Board of Directors 
Morgan J. Poliquin, Ph.D., P.Eng., President, CEO and Director 
Almaden Minerals Ltd. 
Except for the statements of historical fact contained herein,
certain information presented constitutes "forward-looking
statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and Canadian securities
laws. Such forward-looking statements, including but not limited to,
those with respect to potential expansion of mineralization,
potential size of mineralized zone, and size and timing of
exploration and development programs, estimated project capital and
other project costs and the timing of submission and receipt and
availability of regulatory approvals involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievement of Almaden to be materially different from
any future results, performance or achievements expressed or implied
by such forward-looking statements. Such factors include, among
others, risks related to international operations and joint ventures,
the actual results of current exploration activities, conclusions of
economic evaluations, uncertainty in the estimation of mineral
resources, changes in project parameters as plans continue to be
refined, environmental risks and hazards, increased infrastructure
and/or operating costs, labour and employment matters, and government
regulation and permitting requirements as well as those factors
discussed in the section entitled "Risk Factors" in Almaden's Annual
Information form and Almaden's latest Form 20-F on file with the
United States Securities and Exchange Commission in Washington, D.C.
Although Almaden has attempted to identify important factors that
could cause actual results to differ materially, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ
materially from those anticipated in such statements. Almaden
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, other than as required pursuant to
applicable securities laws. Accordingly, readers should not place
undue reliance on forward-looking statements. 
To view the maps associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/amm-1022-maps.pdf. 
Neither the Toronto Stock Exchange (TSX) nor the NYSE MKT have
reviewed or accepted responsibility for the adequacy or accuracy of
the contents of this news release which has been prepared by
management. 
Contacts:
Almaden Minerals Ltd.
604.689.7644
604.689.7645 (FAX)
www.almadenminerals.com
 
 
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