Docoh
Loading...

Thu. 16 Sep 2021, 6:47am ETBenzinga
In: News, Commodities, Markets

Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (TSX:AUMN) is pleased to announce additional assay results from 20 recently completed diamond drill holes and to announce it has commenced a reverse circulation drill program focusing on resource definition at its Rodeo gold-silver mine located in Durango State, Mexico.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210916005176/en/

Figure 1: Diamond drill-hole locations, Rodeo Project (Graphic: Business Wire)

The reverse circulation program is being conducted by Major Drilling and will consist of 35 drill holes totaling approximately 2,500 meters. The program is designed to expand on the high-grade resource currently being mined and to drill several exploration targets located adjacent to the open pit. The reverse circulation drilling is expected to be completed in September.

The Company has reported assay results from an additional 20 holes, totaling 1,253 meters, from the ongoing diamond drilling program that is exploring for the continuation of Au-Ag mineralization to the north of the current mining area. Drilling has intersected several wide zones of disseminated gold mineralization and has identified several additional high-grade zones that appear to be hosted in a series of silicified structures running parallel to the high-grade gold zones currently being mined. Highlights of the new assay results include:

RDO_21_028

  • 78.7m grading 1.06 g/t Au and 10.1 g/t Ag
  • Including 13.9m grading 2.88 g/t Au and 4.3 g/t Ag

RDO_021_022

  • 70.0m grading 0.56 g/t Au and 6.0 g/t Ag
  • Including 14.2m grading 1.07 g/t Au and 14.8 g/t Ag

RDO_021_018

  • 64.4m grading 0.85 g/t Au and 8.6 g/t Ag

RDO_021_011A

  • 26.0m grading 0.82 g/t Au and 6.5 g/t Ag

Significant results are summarized in the table below, with complete results available on the Company website. [link]

Hole ID

From

To

Interval

Au (g/t)

Ag (g/t)

RDO_021_011

Hole lost before reaching target depth

RDO_021_011A

21.3

47.3

26.0

0.82

6.5

including

21.3

26.9

5.6

1.71

6.4

including

46.8

47.3

0.6

5.65

77.9

RDO_021_012

24.0

40.8

16.8

0.74

7.1

including

35.8

40.8

5.1

1.43

16.6

RDO_021_013

27.2

27.7

0.5

1.04

6.2

RDO_021_014

Hole lost before reaching target depth

RDO_021_014B

No Significant Results

RDO_021_015

59.2

59.7

0.5

1.15

1.5

RDO_021_016

29.2

30.8

1.6

1.00

3.1

RDO_021_017

24.5

53.6

29.1

0.58

6.0

including

43.7

45.8

2.2

1.04

10.2

including

51.1

53.6

2.6

1.97

26.1

RDO_021_018

0.0

64.4

64.4

0.85

8.6

including

0.0

4.5

4.5

2.39

1.9

including

0.0

1.6

1.6

5.81

2.1

including

34.3

53.9

19.6

1.07

14.4

including

45.6

52.6

7.0

1.51

21.3

RDO_021_019

23.5

24.9

1.4

1.16

16.3

RDO_021_019

43.2

44.6

1.4

1.14

27.4

RDO_021_020

3.0

49.9

47.0

0.58

2.9

Including

3.0

8.3

5.3

1.22

3.2

Including

35.9

42.1

6.2

1.21

3.8

RDO_021_021

9.7

37.2

27.5

0.64

2.2

Including

10.2

13.8

3.7

2.79

3.1

RDO_021_022

0.0

70.0

70.0

0.56

6.0

Including

0.0

10.2

10.2

1.00

3.2

Including

55.8

70.0

14.2

1.07

14.8

RDO_021_023

No Significant Results

RDO_021_024

1.5

33.1

31.6

0.39

1.2

Including

1.5

11.2

9.7

0.62

1.5

RDO_021_025

No Significant Results

RDO_021_026

No Significant Results

RDO_021_027

18.9

19.9

1.0

2.66

9.6

RDO_021_028

0.0

78.7

78.7

1.06

10.1

Including

0.0

13.9

13.9

2.88

4.3

RDO_021_029

9.4

44.0

34.6

0.73

4.5

Including

23.0

34.0

11.0

1.25

7.3

Note: Intervals in the table represent drilled length. It is expected that true thickness is approximately 80% of drilled length because drill holes were oriented approximately perpendicular to the gold mineralization that dips at about 25 degrees to the northeast. Estimated true widths range from 70% to 90% of drilled widths depending on dip of the vein and inclination of the hole. Intervals and grades have been rounded to either one or two decimal places.

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, "The diamond drilling continues to intersect gold-rich zones adjacent to and north of the current pit. The mineralized parallel structures east and west of the pit will be tested further with the reverse circulation drilling. We expect to complete the drill program in September and should have all results in hand early in Q4. I anticipate that increases to the mineral inventory will be incorporated into the mine plan later this year.”