6-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2020

Commission File Number: 001-32702

Almaden Minerals Ltd. (Translation of registrant's name into English)

Suite 210 - 1333 Johnston Street, Vancouver V6H 3R9 (Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F [ X ]      Form 40-F [   ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

**Note:**Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

**Note:**Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No X

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

EXHIBIT INDEX

EdgarFiling

EXHIBIT 99.1

Almaden Outlines Deep Exploration Target Beneath Ixtaca Zone

VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) -- Almaden Minerals Ltd. (“Almaden”or “the Company”; TSX : AMM ; NYSE American : AAU ) is pleased to announce additional results of its ongoing review of exploration targets which lie outside the currently defined reserve envelope of the Ixtaca deposit (See Figure 1, Exploration Targets).

The Main Ixtaca Zone of the Ixtaca deposit is hosted by limestone where the veins form a wide zone of veining referred to as a vein swarm. This vein swarm in limestone has been the primary focus of the Company’s exploration efforts to date and the Feasibility Study level technical examination of the Ixtaca deposit (see “About the Ixtaca Deposit”, below).

Adjacent to the Main Ixtaca Zone, shaley carbonate rocks host the more discrete focussed gold-silver vein related mineralisation of the Northeast Extension Zone, which also has higher associated zinc and lead values. Based on structural interpretation, the Main Ixtaca Zone gold-silver vein swarm could be the upper part of a vein system which transitions at depth to structurally controlled silver-lead-zinc dominated mineralisation where the Northeast Extension Zone would project down dip underneath the Main Ixtaca Zone (see Figure 2, Longitudinal Section of Main Ixtaca Zone and Cross Section of Northeast Extension Zone). This potential for metal zonation from upper gold-silver to deep silver-lead-zinc mineralisation is supported by geologic interpretation, geologic models for epithermal precious metal deposits and observations made in other epithermal vein deposits in Mexico.

Drilling to depth beneath the Ixtaca Main Zone will be a priority in a future drilling program currently being planned by the Company.

About the Ixtaca Deposit

Since discovery with the first drill hole, exploration work at Ixtaca has been almost entirely focused on the discovery area, and this work has led to the silver and gold reserve which underpins the feasibility study (“FS”), results of which were announced in December, 2018^1^.

The highlights of the FS, using base case prices of US$1275/oz gold and US$17/oz silver unless noted otherwise, include the following (all US dollars):

• Average annual production of 7.06 million ounces silver and 108,500 ounces gold (15.2 million silver equivalent ounces, or 203,000 gold equivalent ounces)^2^ over the first 6 years;
• After-tax IRR of 42% and after-tax payback period of 1.9 years;
• After-tax NPV of US$310 million at a 5% discount rate;
• After-tax IRR of 57% at the highest upper case price deck of US$1425/oz Au and US$20/oz Ag;
• After-tax NPV (5%) of US$466 million at the highest upper case price deck of US$1425/oz Au and US$20/oz Ag;
• Initial Capital of US$174 million;
• Average annual production of 6.14 million ounces silver and 90,800 ounces gold (12.9 million silver equivalent ounces, or 173,000 gold equivalent ounces) over an 11 year mine life;
• All-in Sustaining Costs (“AISC”), including operating costs, sustaining capital, expansion capital, private and public royalties, refining and transport, of US$11.30 per silver equivalent ounce, or US$850 per gold equivalent ounce;
• Elimination of tailings dam by using filtered tailings, which reduces the project footprint and water usage. Construction of a water reservoir providing a permanent and consistent long-term supply of water for residents.

^1^ For more details please refer to Almaden’s Technical Report, entitled “Ixtaca Gold-Silver Project Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Study”, which was updated on SEDAR on October 3, 2019. ^2^ Equivalent calculations use a ratio of 75:1 for silver : gold (based on $1275/oz-Au and $17/oz-Ag)

While it awaits the outcome of its permitting application and related processes (see press releases of February 27, 2020 and September 9, 2020), the Company is proceeding with exploration at this large property with a focus on some previously identified high potential targets which lie outside of the current reserve as defined in the FS.

Exploration Opportunities

The Ixtaca deposit is one of several exploration targets on the Company’s mineral claims, which cover an area of high-level epithermal clay alteration. The project area is partially covered by volcanic ash deposits which mask underlying alteration, potential vein zones and associated soil responses. In areas devoid of this covering ash soil sampling has defined several distinct zones of elevated gold and silver values and trace elements typically associated with epithermal vein systems. The Ixtaca zone is one of the largest areas of gold/silver soil response but it is also one of the areas with the least ash cover on the project.

Management believes that the other altered and geochemically anomalous areas could represent additional zones of underlying quartz-carbonate epithermal veining like the Ixtaca zone. The potential quantity and grade of these exploration targets is conceptual in nature. There has been insufficient exploration and/or study to define these exploration targets as a Mineral Resource. It is uncertain if additional exploration will result in these exploration targets being delineated as a Mineral Resource.

John A. Thomas, P. Eng., VP Project Development of Almaden, and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed and approved the scientific and technical contents of this news release pertaining to the FS. Morgan J. Poliquin, Ph.D., P. Eng., President and CEO of Almaden, and a Qualified Person as defined by National Instrument 43-101 ("NI 43-101"), has reviewed and approved all other contents of this news release.

About Almaden Almaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico, subject to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca Gold-Silver Deposit was discovered by Almaden in 2010.

On Behalf of the Board of Directors,

“ J. Duane Poliquin”         J. Duane Poliquin, P. Eng Chairman Almaden Minerals Ltd.

Forward Looking Statements

Certain of the statements and information in this news release constitute “forward-looking statements”within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information”within the meaning of applicable Canadian provincial securities laws. All statements, other than statements of historical fact, are forward-lookingstatements or information. Forward-looking statements or information in this news releas e relate to, among other things: theoutcome or nature of any exploration programs at Ixtaca , and the ability of the Company to comply with COVID-19 relatedhealth protocols .

These forward-looking statements and information reflect the Company’s current views with respect to futureevents and are necessarily based upon a number of assumptions, including assumptions in respect of both Almaden’s and the applicableMexican Authorities’ legal positions, that, while considered reasonable by the Company, are inherently subject to significant legal,regulatory, business, operational and economic uncertainties and contingencies, and such uncertainty generally increases with longer-termforecasts and outlook. These assumptions include: stability and predictability in Mexico’s mineral tenure, mining, environmentaland agrarian laws and regulations, as well as their application and judicial decisions thereon; continued respect for the rule of lawin Mexico; prices for gold, silver and base metals remaining as estimated; currency exchange rates remaining as estimated; availabilityof funds; capital, decommissioning and reclamation estimates; mineral reserve and resource estimates; prices for energy inputs, labour,materials, supplies and services (including transportation); no labour-related disruptions; all necessary permits, licenses and regulatoryapprovals being received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rightsnecessary for exploration and operations; community support in the Ixtaca Project , ;and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements and information involve known and unknown risks,uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied bysuch forward-looking statements or information contained in this news release. Such risks and other factors include, among others, risksrelated to: political risk in Mexico; crime and violence in Mexico; corruption; environmental risks, including environmental matters underMexican laws and regulations; impact of environmental impact assessment requirements on the Company’s planned exploration and developmentactivities on the Ixtaca Project; certainty of mineral title and the outcome of litigation; community relations; governmentalregulations and the ability to obtain necessary licences and permits; risks related to mineral properties being subject to prior unregisteredagreements, transfers or claims and other defects in title; changes in mining, environmental or agrarian laws and regulations and changesin the application of standards pursuant to existing laws and regulations which may increase costs of doing business and restrict operations;as well as those factors discussed the section entitled "Risk Factors" in Almaden's Annual Information Form and Almaden's latest Form20-F on file with the United States Securities and Exchange Commission in Washington, D.C. Although the Company has attempted to identifyimportant factors that could affect the Company and may cause actual actions, events or results to differ materially from those describedin forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated,estimated or intended. There can be no assurance that our forward-looking statements or information will prove to be accurate. Accordingly,readers should not place undue reliance on forward-looking statements or information. Except as required by law, the Company does notassume any obligation to release publicly any revisions to on forward-looking statements or information contained in this news releaseto reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact Information:

Almaden Minerals Ltd. Tel. 604.689.7644 Email: info@almadenminerals.com http://www.almadenminerals.com/