Almaden Minerals Ltd.

Almaden Minerals Ltd.

March 04, 2005 13:16 ET

Almaden Minerals Ltd.: Drilling Intersects High-Grade Gold at the Elk Project, B.C.


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ALMADEN MINERALS LTD.

TSX SYMBOL: AMM

MARCH 4, 2005 - 13:16 ET

Almaden Minerals Ltd.: Drilling Intersects High-Grade
Gold at the Elk Project, B.C.

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 4, 2005) - Almaden
Minerals Ltd. (TSX:AMM)

In 2004 a diamond drill program was completed at the company's wholly
owned Elk Gold Deposit. The program consisted of 10,265 meters of NQ
drilling in 44 holes. The Elk Gold deposit is located roughly two
kilometres (km) south of Highway 97 and 45 km southeast of Merrit in the
Okanagan area of Southern British Columbia. The mine is known for its
very high gold grades and in the 1990's; 51,750 ounces of gold were
produced from 18,400 tons of quartz vein ore extracted from the B vein
system in open pit and underground operations. A resource estimate
carried out by Giroux Consultants in May 2004 based on data up to and
including the 2003 drill program reported global resources as shown
below.



Measured and Indicated Resource
-----------------------------------------------------------------
Gold Cut Gold Contained
Area off Grade Tonnes Grade (g/t) Ounces Gold
-----------------------------------------------------------------
B Flat Vein 7 g/t 19,100 26.70 16,400
B Steep Vein 7 g/t 39,700 54.50 69,600
B East Vein 7 g/t 2,800 19.43 1,700
WD Vein 7 g/t 42,600 29.82 40,800
1.0 cut off 1.0 g/t 564,100 4.361 79,100
-----------------------------------------------------------------
Total 668,300 9.66 207,600
-----------------------------------------------------------------


Inferred Resource
-----------------------------------------------------------------
Gold Cut Gold Contained
Area off Grade Tonnes Grade (g/t) Ounces Gold
-----------------------------------------------------------------
B Flat Vein 7 g/t 500 7.74 100
B Steep Vein 7 g/t 53,300 19.93 34,200
B East Vein 7 g/t 25,800 14.98 12,400
WD Vein 7 g/t 98,700 14.69 46,600
1.0 cut off 1.0 g/t 1,138,900 3.126 114,500
-----------------------------------------------------------------
Total 1,317,200 4.91 207,800
-----------------------------------------------------------------


Four mesothermal vein systems have been drilled in the Siwash area the
B, WD, Bullion Creek and GCW Vein Zones. The resource only incorporates
results from the B and WD vein zones where the vast majority of work has
been carried out over the history of exploration at the Elk Deposit. The
B zone with a strike length of 900m, was tested in the 2004 program to
400 meters down dip. Seven holes were drilled into the B zone to test a
southwest shoot to depth and to fill in between existing 50 meter
intercepts below the existing mine workings. Two holes drilled in 2004
(SND04400 and SND04403) are the deepest holes drilled to date on the B
vein system. Both holes returned significant gold values (see table
below), confirming continuity in the vertical dimension. The WD zone
with a strike length of 710m has been tested to 450m down dip. The
program extended the known perimeter of the WD zone 150 metres to the
east and 100 meters downdip in 50 meter step-outs. The parallel GCW and
Bullion Creek vein zones are relatively recent discoveries and have only
been pierced by 16 and 6 drill holes respectively. The GCW zone with a
strike length of 300m has been tested to 130m down dip and the Bullion
Creek (BC) zone has been tested to a depth of 75 meters.

All completed holes intersected the projected zones. Two holes were
abandoned due to poor ground conditions. Geological interpretation and
re-assaying has been completed and a summary of composited drill results
greater than 10 g/t-meters Au is listed below. True widths are
calculated to a minimum width of 0.5 meters based on core to vein angles
and weighted according to width and specific gravity.



Hole Depth Depth Interval True Specific
Number From (m) To (m) (m) Width (m) Gravity
--------------------------------------------------------------------
SND04391 55.23 55.74 0.51 0.50 2.77
--------------------------------------------------------------------
SND04390 55.05 55.65 0.60 0.60 2.73
--------------------------------------------------------------------
SND04390 55.15 68.39 13.24 13.15 2.70
--------------------------------------------------------------------
SND04390 43.00 68.39 25.39 24.01 2.70
--------------------------------------------------------------------
SND04400 297.29 297.80 0.51 0.50 2.99
--------------------------------------------------------------------
SND04403 337.80 338.34 0.54 0.50 2.79
--------------------------------------------------------------------
SND04408 192.00 192.58 0.58 0.50 2.71
--------------------------------------------------------------------
SND04374 50.10 53.61 3.51 3.42 2.72
--------------------------------------------------------------------
SND04375 14.87 36.40 21.53 20.43 2.70
--------------------------------------------------------------------
SND04390 67.39 68.41 1.02 1.00 2.70
--------------------------------------------------------------------
SND04369 160.55 161.20 0.65 0.50 2.74
--------------------------------------------------------------------
SND04406 202.23 203.42 1.19 0.50 2.70
--------------------------------------------------------------------
SND04384 155.70 156.88 1.18 1.00 2.78
--------------------------------------------------------------------
SND04386 198.50 199.21 0.71 0.50 2.67
--------------------------------------------------------------------
SND04367 214.63 222.74 8.11 5.79 2.71
--------------------------------------------------------------------
SND04367 214.59 215.34 0.75 0.60 2.72
--------------------------------------------------------------------
SND04368 157.76 158.32 0.56 0.50 2.74
--------------------------------------------------------------------
SND04372 233.00 235.60 2.60 2.22 2.86
--------------------------------------------------------------------
SND04407 179.37 179.90 0.53 0.50 2.78
--------------------------------------------------------------------
SND04366 176.05 193.20 17.15 11.27 2.70
--------------------------------------------------------------------
SND04367 222.00 222.74 0.74 0.50 2.75
--------------------------------------------------------------------
SND04367 217.33 222.83 5.50 4.60 2.71
--------------------------------------------------------------------


Hole Vein Au Ag Au Ag
Number Zone g/t g/t oz/t oz/t
--------------------------------------------------------------
SND04391 B 74.83 119.25 2.182 3.478
--------------------------------------------------------------
SND04390 B 43.40 90.68 1.266 2.645
--------------------------------------------------------------
SND04390 B 3.11 4.71 0.091 0.137
--------------------------------------------------------------
SND04390 B 1.76 2.58 0.051 0.075
--------------------------------------------------------------
SND04400 B 48.12 27.14 1.403 0.792
--------------------------------------------------------------
SND04403 B 20.26 9.64 0.591 0.281
--------------------------------------------------------------
SND04408 B 22.14 12.64 0.646 0.369
--------------------------------------------------------------
SND04374 Bb 8.51 32.79 0.248 0.956
--------------------------------------------------------------
SND04375 Bb 0.69 0.14 0.020 0.004
--------------------------------------------------------------
SND04390 C 13.73 6.89 0.401 0.201
--------------------------------------------------------------
SND04369 WD 24.75 44.22 0.722 1.290
--------------------------------------------------------------
SND04406 WD 22.81 32.61 0.665 0.951
--------------------------------------------------------------
SND04384 WDa 61.81 99.82 1.803 2.911
--------------------------------------------------------------
SND04386 WDa 21.62 26.05 0.631 0.760
--------------------------------------------------------------
SND04367 WD2 5.97 4.81 0.174 0.140
--------------------------------------------------------------
SND04367 WD2 20.51 14.55 0.598 0.424
--------------------------------------------------------------
SND04368 WD2 31.18 32.93 0.910 0.960
--------------------------------------------------------------
SND04372 WD2 4.80 7.56 0.140 0.220
--------------------------------------------------------------
SND04407 WD2 20.70 53.26 0.604 1.553
--------------------------------------------------------------
SND04366 WD2-3 2.39 1.85 0.070 0.054
--------------------------------------------------------------
SND04367 WD3 31.71 31.30 0.925 0.913
--------------------------------------------------------------
SND04367 WD3 5.94 4.15 0.173 0.121
--------------------------------------------------------------

Note: g/t signifies grams per tonne ; oz/t signifies ounces per ton


As reported previously, in 2001 a possible extension to the B and WD
vein systems was found roughly two km along strike to the east, on the
other side of an area of overburden cover and no outcrop, as part of a
trenching program. Grab samples of the vein material taken at surface
returned averaged analyses of 0.922 oz/ton (31.6 grams/tonne) gold and
3.04 oz/ton silver (104.4 grams/tonne). A 0.5 by 0.5 m panel sample of
the same vein taken in the wall of the trench returned 0.635 oz/ton gold
(21.8 grams/tonne) and 0.96 oz/ton (32.9 grams/tonne) silver. This
discovery was extremely significant as it added about two kilometres of
prospective, unexplored strike length to the high-grade vein system. No
drilling has yet been carried out in this area.

The qualified person and supervisor for the 2004 exploration drill
program is Wojtek Jakubowski, P. Geo. All samples were analyzed at Acme
Analytical Labs in Vancouver using wet geochemical, fire assay and
metallics techniques. Duplicate and blank samples were included in the
sample shipments sent to Acme and confirmed procedural quality. Check
assays were carried out by ALS Chemex Labs in Vancouver.

A 2005 exploration program of drilling and other work is now in the
planning stage.

ON BEHALF OF THE BOARD OF DIRECTORS

J. Duane Poliquin, P. Eng., President

Statements contained in this news release that are not historical facts
are forward looking statements as that term is defined in the private
securities litigation reform act of 1995. Such forward -looking
statements are subject to risks and uncertainties which could cause
actual results to differ materially from estimated results. Such risks
and uncertainties are detailed in the Company's filing with the
Securities and Exchange Commission.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Almaden Minerals Ltd.
    J. Duane Poliquin, P. Eng.
    President
    (604) 689-7644
    (604) 689-7645 (FAX)
    info@almadenminerals.com
    www.almadenminerals.com
    The Toronto Stock Exchange has not reviewed nor accepted responsibility
    for the adequacy or accuracy of the contents of this news release which
    has been prepared by management.