Golden Minerals Company (AUMN)

[Jerry70]

$ AUMN. I own several precious metal stocks and especially Gold, Silver, and Lithium type stocks, and why I really like this News here on the 27th and one of the reasons it is moving up IMO. I quit the oil & real estate stocks last year because Lithium and Battery are what is moving well for now because Lithium is SMOKING HOT. $AUMN

$AUMN. Golden Minerals Discovers New Vein and Intersects Excellent Gold and Silver Grades at its Yoquivo Project in Chihuahua, Mexico
7:45 am ET January 27, 2021 (Globe Newswire) Print
Golden Minerals Company (NYSE American and TSX: AUMN) ("Golden Minerals", "Golden" or "the Company") is pleased to announce it has received assay results from its recent 3,400-meter, 15-hole drill campaign at the Company's Yoquivo gold-silver district-scale property in Chihuahua, Mexico.

Highlights include the following:

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, "These excellent drill results from Yoquivo highlight its potential to host economic gold-silver mineralization. This recent drilling has identified multiple veins with potentially economic gold-silver grades, including a newly discovered vein without previous historic mining within our district-scale property holdings. We plan to follow with a second phase drill program which could start in the next few months."

Yoquivo covers a large, low-sulfidation epithermal vein system with limited historic production. The Company has identified four separate vein systems in which surface sampling has returned grades up to 4,050 g/t silver and 27.7 g/t gold from the surface. See Golden Minerals' press release dated Oct. 31, 2018, for details: AUMN Identifies High-Grade Gold and Silver Veins atYoquivo.

Golden Minerals completed the phase one drill program in December 2020 (see the related press release here), and drilled 15 holes totaling approximately 3,400 meters exploring the four known vein systems exposed on the property. The exploration program was designed to target the Pertenencia, San Francisco, and Esperanza vein systems to better understand the nature and distribution of the gold-silver mineralization. Of substantial interest is the discovery of a new vein parallel to and east of the Pertenencia vein. While the other principal veins have been partially mined from surface to the water table (up to 130 meters) in the case of San Francisco and Pertenencia, and over a much less extensive vertical interval in the case of El Dolar and Esperanza, the new vein is unmined from the surface. Summary assay results from the 2020 drill program are shown as follows:

Hole_ID From To Interval Au (g/t) Ag (g/t) AgEq (g/t) Target
YQ_20_001 111.6 115.8 4.2 2.34 190 365 Pertenencia
including 114.4 115.8 1.3 5.69 223 650
YQ_20_002 192.2 194.1 1.9 0.45 150 184 Pertenencia
including 192.3 192.8 0.6 1.14 423 509 Pertenencia
YQ_20_003 165.0 165.6 0.6 Drill-hole intersected old workings
YQ_20_003 169.6 170.0 0.4 2.56 228 420 Pertenencia FW
YQ_20_004 72.0 74.0 2.0 Drill-hole intersected old workings Pertenencia
YQ_20_005 66.1 74.0 7.9 0.27 101 121 Esperanza
including 67.7 70.3 2.6 0.16 149 161
YQ_20_005 71.7 72.1 0.4 1.44 62 170 Esperanza
YQ_20_006 91.9 95.5 3.6 1.77 49 182 Esperanza
including 91.9 92.9 1.0 5.00 118 493 Esperanza
YQ_20_007 92.3 95.0 2.8 1.20 65 155 Esperanza
including 93.2 93.5 0.4 8.76 60 717 Esperanza
YQ_20_008 No Significant Results San Francisco
YQ_20_009 36.5 41.0 4.5 0.42 115 147 New Vein
YQ_20_009 200.3 201.8 2.2 0.76 240 297 Pertenencia
including 200.7 201.3 0.6 1.71 527 655 Pertenencia
YQ_20_010 75.5 77.6 2.1 1.30 30 128 New Vein
YQ_20_010 131.0 136.4 5.4 1.90 135 278 New Vein
including 131.0 131.2 0.2 15.40 1,150 2,305
YQ_20_010 173.7 195.2 21.5 0.50 71 109 Pertenencia
including 187.0 193.0 6.1 0.70 118 171
YQ_20_010 208.8 210.0 1.2 0.44 85 118 Pert_FW
including 209.6 210.0 0.4 0.81 144 205
YQ_20_011 117.8 130.1 12.3 1.30 225 323 New Vein
including 117.8 120.8 3.0 4.20 734 1,049
YQ_20_012 47.3 48.5 1.2 34.00 1,895 4,445 New Vein
including 47.3 47.6 0.3 135.50 7,480 17,643
YQ_20_013 No Significant Results Dolar
YQ_20_014 No Significant Results San Francisco
YQ_20_015 170.0 174.0 4.0 0.74 137 193 Esperanza
including 170.0 170.9 0.9 2.30 39 212
Notes:

-- Estimated true widths range from 65% to 90% of drilled widths depending on dip of the vein and inclination of the hole.

-- AgEq calculations for reported drill results are based on USD $20.00/oz Ag, $1,500/oz Au. The calculations assume 100% metallurgical recovery and are indicative of gross in-situ metal value at the indicated metal prices.

-- Intervals have been simplified to one decimal place.

The following map displays the drill program's drill-hole locations and Yoquivo's principal veins: https://www.globenewswire.com/NewsRoom/AttachmentNg/d6bdd76a-b10d-4d5a-95ea-df8d088880b2

Additional information and images with hole-specific data from the drill campaign may be found by accessing the Company's website at https://www.goldenminerals.com/projects/yoquivo/.

About Yoquivo

Golden holds an option to purchase seven concessions that comprise the Yoquivo property, totaling 1,974.8 hectares located in western Chihuahua State in northern Mexico, for payments totaling $0.75 million over four years and subject to a 2% net smelter return royalty on production capped at $2 million. The claims cover an underexplored epithermal precious metals district that shows similar mineralization to the adjacent Ocampo mining district, and the Company, through systematic exploration, hopes to identify significant high-grade mineralization.

Review by Qualified Person and Quality Control

The technical contents of this press release have been reviewed by Aaron Amoroso, a Qualified Person for the purposes of NI 43-101. Mr. Amoroso has over 13 years of mineral exploration and mining industry experience and is a Qualified Person member of the Mining and Metallurgical Society of America (QP Geology & Ore Reserves, 01548QP).

To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that monitors the chain of custody of samples and includes the insertion of blanks, duplicates, and reference standards in each batch of samples. The core is photographed and sawn in half with one half retained in a secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at an independent ISO 9001:2001 certified laboratory in Chihuahua or Zacatecas, Mexico. Prepared samples are direct shipped to an ISO 9001:2001 certified laboratory in Canada.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its Rodeo and Velardena properties in Mexico and, through partner-funded exploration, its El Quevar silver property in Argentina, as well as acquiring and advancing mining properties in Mexico, Argentina, and Nevada. $AUMN