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Golden Minerals Finds New Silver Zone and Reports Drill Results From El Quevar 2019 Drill Campaign

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Golden Minerals Finds New Silver Zone and Reports Drill Results From El Quevar 2019 Drill Campaign






Golden Minerals Company (NYSE American:AUMN) (TSX: AUMN) has released final results from the 2019 drilling program conducted at its El Quevar silver property located in Salta Province, Argentina.  3,004 meters were drilled in 19 holes.


A new shallow high-grade zone was partially outlined in the Vince area about two kilometers southwest of the known Yaxtché deposit.  Four drill holes cut silver intercepts with grades of 500 to over 600 grams per tonne (g/t) silver (Ag) over widths of 1 to 4 meters (m).  These results extend a historical drill intercept by about 200 meters northeast along strike. The zone is open to the north. 


Other significant results of the program include a 2.1m interval grading 340 g/t Ag, in Yaxtché East.  This hole represents an approximate 50m step out from previous drilling and demonstrates the potential to add to the mineral resources in the northeast sector of the Yaxtché deposit.  Drilling at the Argentina prospect located approximately one kilometer east of Yaxtché has also returned silver values in one drill hole, with 2m of 358 g/t Ag.  These results coincide with previous drilling in the area (8m of 779 g/t Ag) and are considered encouraging for the area to host mineralization of potential economic significance.


The Yaxtché deposit is an intermediate-sulfidation epithermal silver-gold system within the Quevar volcanic complex.  All holes drilled to date have intercepted highly altered dacitic and volcaniclastic units with mineralization occurring within an envelope of advanced argillic alteration typical of this deposit type.  Outside of the Yaxtché area there are expansive zones of hydrothermal alteration which are considered highly prospective for additional mineralization.


The drilling program commenced in late February 2019 with the goals of extending the strike length of the Yaxtché deposit and testing prospective targets outside of the current Mineral Resource area.  The currently-defined resource includes over 45 million ounces of Indicated silver resources at an average grade of 482 g/t silver1 and covers only the 20-hectare Yaxtché deposit area within the property’s expansive 57,000-hectare boundaries.


Significant intercepts from the 19 completed holes of the 2019 drilling program include:


Vince Area


  • 658 g/t Ag over 1.0m
  • 306 g/t Ag over 4.0m
  • 513 g/t Ag over 1.0m
  • 626 g/t Ag over 3.0m
  • 605 g/t Ag over 1.9m


Argentina Area


  • 565 g/t Ag over 1.0m
  • 341 g/t Ag over 1.9m


Yaxtché East Area


  • 340 g/t Ag over 2.1m
  • 249 g/t Ag over 0.8m
  • 246 g/t Ag over 2.0m
  • 218 g/t Ag over 2.0m
  • 194 g/t Ag over 1.1m
  • 174 g/t Ag over 7.0m
  • 1.0 g/t Gold (Au) over 11.6m


The following table summarizes the results received to date related to the 2019 drilling program:



Significant Intervals – El Quevar Drill Results September 2019
Hole ID Total Depth (m) From (m) To (m) Width (m) Ag (g/t) Au (g/t) Project Area
QVD-389 139.6 No significant intervals Yaxtche East
QVD-390 82.6 No significant intervals Yaxtche East
QVD-391 171.4 92.00 94.00 2.00 246 0.01 Yaxtche East
QVD-391 171.4 101.50 103.50 2.00 120 0.04 Yaxtche East
QVD-391 171.4 141.00 148.30 7.30 174 0.03 Yaxtche East
Incl. 171.4 141.00 143.00 2.00 218 0.05 Yaxtche East
Incl. 171.4 146.20 148.30 2.10 340 0.05 Yaxtche East
Incl. 171.4 147.40 148.30 0.90 465 0.08 Yaxtche East
QVD-392 76.9 21.00 21.80 0.80 249 0.16 Yaxtche East
QVD-393 257.3 No significant intervals Argentina
QVD-394 180.6 146.00 157.60 11.60 71 1.04 Yaxtche East
Incl. 180.6 147.00 148.10 1.10 194 0.92 Yaxtche East
Incl. 180.6 149.30 157.60 8.30 63 1.22 Yaxtche East
QVD-395 104.5 No significant intervals Argentina
QVD-396 150.4 71.00 73.00 2.00 358 0.01 Argentina
Incl. 150.4 72.00 73.00 1.00 565 0.01 Argentina
QVD-396 150.4 77.00 78.00 1.00 279 0.01 Argentina
QVD-396 150.4 79.00 80.90 1.90 341 0.01 Argentina
QVD-397 115.4 No significant intervals Argentina
QVD-398 145.9 No significant intervals Perlita
QVD-399 328.8 No significant intervals Yaxtche West
QVD-400 506.0 No significant intervals Yaxche West
QVD-401 251.0 No significant intervals Carolina
QVD-402 59.0 20.00 34.00 14.00 206 0.01 Vince
Incl. 59.0 20.00 24.00 4.00 306 0.01 Vince
Incl. 59.0 20.00 26.00 6.00 324 0.01 Vince
Incl. 59.0 25.00 26.00 1.00 658 0.01 Vince
QVD-403 55.0 10.75 17.50 6.75 271 0.01 Vince
Incl. 55.0 10.75 11.75 1.00 513 0.01 Vince
QVD-404 79.0 No significant intervals Vince
QVD-405 67.0 42.15 50.20 8.05 299 0.01 Vince
Incl. 67.0 46.00 49.00 3.00 626 0.01 Vince
Incl. 67.0 46.00 50.20 4.20 504 0.01 Vince
QVD-406 111.0 No significant intervals Vince
QVD-407 51.0 14.65 16.50 1.85 605 0.01 Vince


Note: 100 g/t Ag and/or 1.0 g/t Au cutoff grades used.  Some drill hole intervals have been composited from multiple adjacent samples, and in some cases may contain up to one meter of core with less than 100 g/t Ag if the overall interval weighted average is greater than 100 g/t Ag.  Individual assay intervals will be reported on the Golden Minerals website. “Significant Interval” is defined as at least 0.8 meters measured width of at least 100 g/t Ag, or 1.0 g/t Au.  All widths reported as measured.


Plan Map of El Quevar Drill Hole Locations for 2019 Drilling Campaign


Following is a map of El Quevar’s 2019 drill hole locations. This map and additional project information may be viewed on the Company’s website at


To view the map associated with this release, please visit the following link: 


1 Source:  NI 43-101 Technical Report on Updated Mineral Resource Estimate, February 26, 2018.  Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of Amec Foster Wheeler E&C Services Inc., a Wood company.  See for the complete report.


Review by Qualified Person and Quality Control


The technical contents of this press release have been reviewed by Warren M. Rehn, M.Sc., a Qualified Person for the purposes of Canadian National Instrument 43‐101. Mr. Rehn has over 38 years of mineral exploration experience and is a QP member of the Mining and Metallurgical Society of America.


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 Mendoza, Argentina. Prepared samples are direct‐shipped to an ISO 9001:2001 certified laboratory in Peru.


About Golden Minerals


Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its El Quevar silver property in Argentina and on acquiring and advancing mining properties in Mexico and Nevada.


Posted September 12, 2019

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