Almaden Minerals Ltd. is an exploration company specializing in the generation of new mineral prospects in the Western half of North America. They particularly focus on gold, copper, and silver. Headquartered in Vancouver, British Columbia, Almaden Minerals Ltd. has more than 40 properties in their portfolio with over ten of them currently joint ventured.
Almaden’s business model is to develop properties and seek option agreements with others who can acquire an interest in the projects through making exploration expenditures. The company currently holds an undivided 100 percent interest in 24 gold projects in Mexico, Canada, and the United States. This includes the Elk gold deposit in British Columbia where the company has defined a 43-101 compliant resource. They recently completed surface work programs on their new Realito, Caldera, and Carretera projects in Mexico. In addition, work will begin soon on their Lajas project in Mexico.
Almaden Minerals developed an effective and efficient system for identifying potential high-grade mineral deposits. This system includes satellite image analysis, rock, stream, and soil sampling, geological mapping and analysis, geophysical surveys and induced polarization, as well as surface trenching. Drilling occurs upon identification of a target.
Almaden seeks out a joint-venture partnership after preliminary assessment of a project’s potential. Their partners fund further exploration to earn an interest in the project. Joint venturing their ideas and maintaining a large portfolio of properties allows Almaden to significantly reduce the risk and cost of exploration.