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Golden Minerals Co.

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Summary

Project:

El Quevar

Deposit:Yaxtche
Location:Argentina
Commodities:Silver
Date:2/28/2018
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:28-2-2018: Golden Minerals Co. announces a Resource Estimation report for its Yaxtche deposit at the El Quevar project. New Mineral Resource at El Quevar's, Yaxtche Deposit. Amec Foster Wheeler E&I Services, Inc., a Wood company (Wood) has prepared a tech
Resources:(Resource): 2.93Mt @ 482g/t Ag for 45.3Moz Ag (Ind.), 0.31Mt @ 417g/t Ag for 4.1Moz Ag (Inf.)
CP/QP:[Resources]: Gordon Seibel (Amec Foster Wheeler Plc)
ABSTRACT:Amec Foster Wheeler E&I Services, Inc., a Wood company (Wood) has prepared a technical report (the Report) for Golden Minerals Company (Golden Minerals) on the El Quevar Project (the Project) located in the Salta Province of Argentina. The El Quevar Project is located in northwestern Argentina, approximately 300 km northwest of the provincial capital of Salta, within the San Antonio de los Cobres municipality, Salta Province. The Project is accessed from Salta by following National Road 51 (NR51) to the turnoff to Provincial Road 27 (PR27) for approximately 226 km. From Salta to San Antonio de los Cobres, NR51 consists of either a paved or well-maintained gravel surface. Beyond San Antonio de los Cobres, NR51 is a well-maintained gravel road to the junction with PR27. From the intersection, the El Quevar Project is accessed by driving south for approximately 30 km to the junction with the access road and then east, with the camp currently located approximately 10 km from the junction. Driving time from Salta to the Project camp is four to five hours. The climate is characteristic of high mountain environments. The weather is extremely dry and ranges from polar conditions on the higher mountain peaks to arid steppe environments at the valley floors. It is expected that any future underground mining operations will be conducted year-round. Exploration activities can be temporarily curtailed by rainfall or snow especially during winter months.

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