Golden Minerals Company (NYSE American:AUMN) (TSX: AUMN) is pleased to announce it has received assay results from its recent 3,400-meter, 15-hole drill campaign at the Company’s Yoquivo gold-silver district-scale property in Chihuahua, Mexico.
Highlights include the following:
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “These excellent drill results from Yoquivo highlight its potential to host economic gold-silver mineralization. This recent drilling has identified multiple veins with potentially economic gold-silver grades, including a newly discovered vein without previous historic mining within our district scale property holdings. We plan to follow with a second phase drill program which could start in the next few months.”
Yoquivo covers a large, low-sulfidation epithermal vein system with limited historic production. The Company has identified four separate vein systems in which surface sampling has returned grades up to 4,050 g/t silver and 27.7 g/t gold from surface. See Golden Minerals’ press release dated Oct. 31, 2018 for details: AUMN Identifies High-Grade Gold and Silver Veins at Yoquivo.
Golden Minerals completed the phase one drill program in December 2020 (see related press release here), and drilled 15 holes totalling approximately 3,400 meters exploring the four known vein systems exposed on the property. The exploration program was designed to target the Pertenencia, San Francisco and Esperanza vein systems to better understand the nature and distribution of the gold-silver mineralization. Of substantial interest is the discovery of a new vein parallel to and east of the Pertenencia vein. While the other principal veins have been partially mined from surface to the water table (up to 130 meters) in the case of San Francisco and Pertenencia, and over a much less extensive vertical interval in the case of El Dolar and Esperanza, the new vein is unmined from surface. Summary assay results from the 2020 drill program are shown as follows:
|Hole_ID||From||To||Interval||Au (g/t)||Ag (g/t)||AgEq (g/t)||Target|
|YQ_20_003||165.0||165.6||0.6||Drill-hole intersected old workings|
|YQ_20_004||72.0||74.0||2.0||Drill-hole intersected old workings||Pertenencia|
|YQ_20_008||No Significant Results||San Francisco|
|YQ_20_013||No Significant Results||Dolar|
|YQ_20_014||No Significant Results||San Francisco|
The following map displays the drill program’s drill-hole locations and Yoquivo’s principal veins:
Additional information and images with hole-specific data from the drill campaign may be found by accessing the Company’s website at
Golden holds an option to purchase seven concessions that comprise the Yoquivo property, totalling 1,974.8 hectares located in western Chihuahua State in northern Mexico, for payments totalling $0.75 million over four years and subject to a 2% net smelter return royalty on production capped at $2 million. The claims cover an underexplored epithermal precious metals district that shows similar mineralization to the adjacent Ocampo mining district, and the Company, through systematic exploration, hopes to identify significant high-grade mineralization.
Review by Qualified Person and Quality Control
The technical contents of this press release have been reviewed by Aaron Amoroso, a Qualified Person for the purposes of NI 43-101. Mr. Amoroso has over 13 years of mineral exploration and mining industry experience and is a Qualified Person member of the Mining and Metallurgical Society of America (QP Geology & Ore Reserves, 01548QP).
To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain of custody of samples and includes the insertion of blanks, duplicates, and reference standards in each batch of samples. Core is photographed and sawn in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Chihuahua or Zacatecas, Mexico. Prepared samples are direct shipped to an ISO 9001:2001 certified laboratory in Canada.
About Golden Minerals
Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its Rodeo and Velardeña properties in Mexico and, through partner-funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Argentina, and Nevada.
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We acknowledge the [financial] support of the Government of Canada.