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Golden Minerals Announces 2019 Drilling Program Final Results

Mining News - Published on Tue, 17 Sep 2019

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Golden Minerals Company announced 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 Yaxtche deposit. Four drill holes cut silver intercepts with grades of 500 to over 600 grams per tonne silver over widths of 1 to 4 meters. 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 2.1 m interval grading 340 g/t Ag, in Yaxtche 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 Yaxtche deposit. Drilling at the Argentina prospect located approximately one kilometer east of Yaxtche has also returned silver values in one drill hole, with 2m of 358 gram per tonne Ag. These results coincide with previous drilling in the area and are considered encouraging for the area to host mineralization of potential economic significance.

The Yaxtche 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 Yaxtche 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 Yaxtche 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 Yaxtche deposit area within the property’s expansive 57,000-hectare boundaries.

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Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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