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Golden Minerals Co.
Summary
| Project: | Rodeo | |
|---|---|---|
| Deposit: | Rodeo | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 9/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-9-2016: Golden Minerals Co. announces an Exploration/Drilling Update report for its Rodeo deposit at the Rodeo project. Drilling results incl. 100.5m @ 0.63g/t Au, 20g/t Ag from 11.8m. GOLDEN, CO ‐ /PRNEWSWIRE/ ‐ September 1, 2016 – Golden Minerals Comp | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Warren M. Rehn (Not stated) | |
| ABSTRACT: | GOLDEN, CO ‐ /PRNEWSWIRE/ ‐ September 1, 2016 – Golden Minerals Company (“Golden Minerals”, the “Company” or “we”) (NYSE MKT: AUMN and TSX: AUM) is pleased to provide initial results from an ongoing drilling program at the Rodeo property in Durango State, Mexico. The partial results from our first round of drilling at Rodeo show a gold and silver bearing epithermal vein and breccia system with encouraging gold and silver values over an approximate 50 to 70 meter true width. The system is exposed at the top of a northwesterly striking ridge and dipssteeply to the northeast. This could provide the possibility of open pit mining if we discover a deposit with sufficient tonnage of an appropriate grade and other characteristics to justify mining. In June 2016, the Company began a 2,000‐meter core drilling program at the Rodeo 1,900‐hectare gold project located approximately 80 kilometers west of the Company’s Velardena Properties. Results are available from the first five holes of the 12‐hole program. The drill holesreported are spaced about 25 meters apart along 100 meters of the crest of the mineralized ridge. The drill holes are angle holes oriented at minus 55 degrees to the southwest and cut the vein and breccia system at an angle of approximately 50 degrees. Previous work hasshown the mineralized system to be exposed at surface over about one kilometer of strike length. | |
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