UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No.__________________________)
ALMADEN MINERALS LTD.
_______________________________________________________
(Name of Issuer)
Common Shares
_______________________________________________________
(Title of Class of Securities)
020283107
_______________________________________________________
(CUSIP Number)
Duane Poliquin, 1103-750 W Pender St., Vancouver, B.C., Canada V6C 2T8
_______________________________________________________
(Name, Address and Telephone Number of Person
Authorized to Receive Communications)
November 2, 2010
________________________________________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [ ]
CUSIP Number: 020283107
1.
Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only).
James Duane Poliquin
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
3.
SEC Use Only ___________________________________________________________
4.
Source of Funds (See Instructions)
PF
5.
Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ]
6.
Citizenship or Place of Organization
Canadian
| Number of | 7. | Sole Voting Power - 3,114,537 |
| Shares | ||
| Beneficially | 8. | Shared Voting Power - 69,300 |
| Owned by Each | ||
| 9. | Sole Dispositive Power - 3,114,537 | |
| Person With | ||
| 10. | Shared Dispositive Power - 69,300 |
11.
Aggregate Amount Beneficially Owned by Each Reporting Person - 3,183,837
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
13.
Percent of Class Represented by Amount in Row (11) - 5.8%
14.
Type of Reporting Person (See Instructions)
IN
CUSIP Number: 020283107
Item 1.
Security and Issuer
Common shares of Almaden Minerals Ltd. located at 750 West Pender, Suite 1103, Vancouver, B.C., Canada V6C 2T8
Item 2.
Identity and Background
(a)
James Duane Poliquin
(b)
750 West Pender, Suite 1103, Vancouver, B.C. Canada V6C 2T8
(c)
Self-employed professional geological engineer, Chairman and Director of Almaden Minerals Ltd.
(d)
No
(e)
No
(f)
Canadian citizen
Item 3.
Source and Amount of Funds or Other Consideration
Personal funds
Item 4.
Purpose of the Transaction
Transactions in the normal course of business. Stock options granted as incentive to increase performance.
Item 5.
Interest in Securities of the Issuer
(a)
3,183,837 (5.8%) including incentive options to acquire 1,010,000 shares
(b)
sole power to vote and direct the vote and dispose or direct the disposition of 3,114,537 shares, shared power to vote or direct the vote and dispose or direct the disposition of 69,300 shares with:
Judy Poliquin
1987 Acadia Road, Vancouver, B.C. V6T 1R4
Homemaker
No convictions in criminal proceedings
Not part to a civil proceeding of a judicial or administrative body of competent jurisdiction
Canadian citizen
(c)
11/14/08 acquired 10,000 units @ Cdn. $0.70 per unit privately consisting of 1 share and 1 share purchase warrant exercisable at Cdn. $1.00 per share
12/29/08 granted 100,000 incentive options exercisable at Cdn. $0.68 per share
12/29/08 gifted 20,000 shares @ Cdn. $0 in private transaction
02/18/09 sold 102,000 shares @ Cdn. $1.11 per share in the public market
11/14/09 expired 10,000 warrants exercisable at Cdn. $1.00 per share
12/14/09 expired 236,000 incentive options exercisable @ Cdn. $1.67 per share
01/04/10 granted 220,000 incentive options exercisable at Cdn. $1.14 per share
05/31/10 acquired 1,000 shares @ Cdn. $1.01 per share in the public market
05/31/10 acquired 1,800 shares @ Cdn. $1.02 per share in the public market
05/31/10 acquired 3,000 shares @ Cdn. $1.03 per share in the public market
05/31/10 acquired 2,000 shares @ Cdn. $1.04 per share in the public market
06/17/10 expired 240,000 incentive options exercisable @ Cdn. $1.79 per share
06/21/10 granted 240,000 incentive options exercisable at Cdn. $1.00 per share
06/29/10 acquired 20,000 shares @ Cdn. $1.20 per share in private transaction
08/26/10 exercised 100,000 incentive options into 100,000 shares @ Cdn. $0.68 per share
08/27/10 sold 10,000 shares @ Cdn. $1.00 per share in private transaction
08/27/10 granted 100,000 incentive options exercisable at Cdn. $2.22 per share
11/02/10 gifted 20,000 shares @ Cdn. $0 in private transaction
Item 6.
Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
N/A
Item 7.
Material to be Filed as Exhibits
N/A
CUSIP Number: 020283107
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
November 22, 2010
DATED: __________________________
___________
/s/Duane Poliquin
SIGNATURE: ______________________________________
Duane Poliquin, Chairman
NAME/TITLE: ___________________________________