Southern British Columbia Gold Belt


Overview of the Area

In a regional exploration program for gold in an area west of the Elk Gold Mine in southern British Columbia, Almaden Minerals (Almadex's predecessor) detected several areas of elevated gold values in samples taken of stream sediment. After follow-up prospecting in these areas, Almaden identified and staked seven areas of clay-carbonate alteration and quartz veining, all representative of low-sulphidation epithermal gold-silver vein systems.

These properties outline an exciting gold belt totalling an area of 42,570 hectares, roughly 426 square kilometres.

Several of these projects have subsequently been optioned or sold.  Almadex maintains ownership of those listed below.


Merit

The 100% Almadex-owned Merit Project covers an area of epithermal gold-silver veining and is about 1,700 hectares in size. The property is easily accessed by road, 30 km west from the city of Merritt. Previous work includes surface sampling, mapping, geophysics and drilling. Future plans include further drilling of untested targets.

Nicoamen River

This 100% Almadex-owned projects covers roughly 2,600 hectares prospective for epithermal gold silver mineralization. Previous work includes surface sampling, mapping and geophysics. Future plans include further drilling of defined targets.

Ponderosa

The Ponderosa property is 100% owned by Almadex and was acquired by staking in late 2005. The claim group covers 6950 hectares. The property is located 25 km southwest of Merritt, B.C. and has good road access. Previous work includes surface sampling, mapping, geophysics and drilling. Future plans include further drilling of untested targets.