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Almaden Sells Six Portfolio Projects to Tarsis Resources

Almaden Sells Six Portfolio Projects to Tarsis Resources 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/04/13 -- Almaden
Minerals Ltd. (TSX:AMM)(NYSE MKT:AAU) ("Almaden" or "the Company") is
pleased to announce that it has signed a non-binding Letter of Intent
("LOI") with Tarsis Resources Ltd. ("Tarsis") (TSX VENTURE:TCC) to
sell Tarsis a 100% interest, subject to a 2% net smelter returns
("NSR") royalty payable to Almaden, in four gold/silver properties
located in Nayarit and Jalisco States, western Mexico and two gold
properties in eastern Nevada, USA. A formal agreement is being
prepared. This transaction is consistent with Almaden's goal of
creating assets through prospecting and maximizing shareholder
exposure to discovery with minimum risk. The sale also allows
management to focus time and resources on advancing the Company's
Ixtaca gold-silver discovery and its El Cobre copper-gold project. 
J.D. Poliquin, Chairman of Almaden stated, "We are happy to continue
our working relationship with Tarsis. We consider the projects we are
selling to have excellent potential that Tarsis can unlock with its
proven ability to advance early stage projects as well generate new
properties. This deal allows Almaden to maintain its focus in eastern
Mexico and specifically at its Ixtaca gold-silver discovery and El
Cobre copper-gold porphyry project. At the same time Almaden unlocks
value from its large property portfolio as Tarsis carries these six
projects forward." 
The Acquisition  
Under the terms of the LOI, Tarsis will acquire a 100% interest in
the Yago, Gallo de Oro, Mezquites and San Pedro projects, Mexico and
the BP and BJS projects, Nevada. Upon regulatory approval, Tarsis
will pay Almaden four million common shares of Tarsis and grant
Almaden an undivided 2% NSR royalty on any production from the
projects. In addition, areas of influence will be outlined in Nevada
and Mexico, where Almaden where has developed proprietary exploration
concepts. Tarsis will grant Almaden a 2% NSR royalty on any property
acquired by Tarsis within either of the two areas of interest. In
addition Tarsis will issue 200,000 shares to Almaden for each new
property acquired within the area of influence at the time of
acquisition. Tarsis will issue a further 800,000 shares to Almaden
upon the first time disclosure of a mineral resource on each and any
of the new properties. Each of the properties located in Mexico
feature epithermal style gold-silver alteration and mineralization,
and is prospective for both gold and silver deposits. The Nevada
properties are prospective for gold and feature Carlin-style
pathfinder elements and geological settings believed to be supportive
of this model. The technical information contained in this press
release was reviewed by Morgan J. Poliquin, Ph.D., P.Eng., the
President and CEO of Almaden and a Qualified Person as defined by NI
43-101. 
About Almaden  
Almaden is a well-financed (cash, gold inventory and equity
investments totalling approximately $31 MM as of January 15th, 2013)
mineral exploration company working in North America. The company has
assembled mineral exploration projects, including the Ixtaca Zone of
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 its 2010 Ixtaca
discovery. 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. 
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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