Almaden Minerals Ltd. owns 100% of the Tuligtic project in Puebla State, Mexico. Tuligtic covers the Ixtaca Gold-Silver Deposit, which was discovered by Almaden in 2010.
The Ixtaca Deposit currently hosts an N.I. 43-101 compliant Measured and Indicated resource of approximately 93 million tonnes grading 0.55 g/t Au and 32 g/t Ag, for a total of 1.65M ounces of gold and 96.7M ounces of silver. Metallurgical recoveries for both gold and silver are forecast to be in the range of 90%.
In April 2016, Almaden filed an amended Preliminary Economic Assessment (PEA) of the Ixtaca deposit, which estimates an economically robust project generating an after-tax IRR of 30% using US$1150/oz gold and US$16/oz silver prices. The project would produce a total of 724,000 ounces of gold and 49 million ounces of silver over a 13 year mine life. Read more about the Ixtaca Deposit here +
This PEA demonstrates that Ixtaca is one of Mexico’s premier precious metals deposits. Our focus is now on advancing project engineering in a careful and deliberate manner and concurrently optimizing project design. In addition, significant exploration potential remains at Ixtaca and we intend to turn our focus to this aspect of the project as market conditions allow.
With two generations of experience, Almaden’s dedicated management and exploration team has over 50 years of entrepreneurship and a proven record of discovery. Team discoveries include the Santa Fe Gold Deposit, the Apex Germanium-Gallium Deposit, the Nevada Scheelite Extension, the Trinidad Gold Mine, the Caballo Blanco Deposit, and the Ixtaca Deposit
Almaden believes that successful exploration should make a positive social difference. By educating and employing local people and financing projects that are important to them, Almaden is committed to improving the quality of life in the communities we work with and within. Read more about our communities partnerships +