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Golden Minerals Co.
Summary
| Project: | Rodeo | |
|---|---|---|
| Deposit: | Rodeo | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/26/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 26-1-2017: Golden Minerals Co. announces a Resource Estimation report for its Rodeo deposit at the Rodeo project. Initial resource estimate for project - base case and alternative case scenarios. This report has been prepared for the Golden Minerals Compa | |
| Resources: | ||
| CP/QP: | [Resources]: Geoffrey Elson (Tetra Tech/Coffey Mining Ltd.) | |
| ABSTRACT: | This report has been prepared for the Golden Minerals Company (Golden Minerals) for the Rodeo project held by Minera de Cordilleras S.A. de R.L. de C.V. (Minera Cordilleras) a wholly-owned subsidiary of Golden Minerals. This report has been prepared for the purposes of detailing exploration and drilling data collected by Minera Cordilleras as well as the results of an independent estimation of mineral resources completed by Tetra Tech for the Rodeo property. Resources have been estimated for the Rodeo deposit using a block model rotated to fit the deposit strike. Sub-blocking was used within the single high-grade domain only. Au and Ag grades have been estimated using Ordinary Kriging on parent blocks independently within and also outside of wireframe constrained domains. Reporting of estimated blocks has been constrained by a base case pit optimization using costs unique to mining followed by road trucking and processing at Golden Mineral’s Velardeña cyanidation plant (Plant #2). An alternative standalone case using indicative heap leach processing costs is also shown to represent on site heap leach processing option. Although the mineral resources are pit constrained using reasonable cost assumptions, detailed costing and economic evaluations have not been performed. The pit optimizations include resources that do not have demonstrated economic value and include inferred resources that are too speculative for definition of reserves. | |
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