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Golden Minerals Co.

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Summary

Project:

Rodeo

Deposit:Rodeo
Location:Mexico
Commodities:Gold-Silver
Date:5/27/2020
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:27-5-2020: Golden Minerals Co. announces a PEA report for its Rodeo deposit at the Rodeo project. PEA results incl. post-tax NPV (8%) of US$22.5M. This Preliminary Economic Assessment report on the Rodeo Project has been developed for Golden Miner
Resources:(Resources, Ind.): 0.4Mt @ 3.3g/t Au, 11g/t Ag
CP/QP:[Overall Report]: David Drips (Mineral Resources Engineering)
ABSTRACT:This Preliminary Economic Assessment report on the Rodeo Project has been developed for Golden Minerals Company. The property is currently held by Minera de Cordilleras S.A. de C.V., a wholly owned subsidiary of Golden Minerals Company. This report is dependent on the estimation of mineral resources completed by Tetra Tech for the Rodeo Property in March of 2017. 1.1 LOCATION, PROPERTY DESCRIPTION AND OWNERSHIP The figures enclosed in this report are based on NAD27 (North American Datum of 1983) unless otherwise noted. The Rodeo Project is located 2 km east of the town of Rodeo in Durango State, Mexico, Figure 1-1 (Blanchflower, 2010). Basic amenities are available in the town of Rodeo. Large regional cities with full services are located within driving distance of the project; Torreon is located 189 km to the east, and Durango 157 km to the south. The center of the Rodeo deposit can be located using the following coordinate: latitude 25°9'2.7"N, longitude 105°31,4.2"W (WGS84). (Elson, 2017).

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