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Golden Minerals Company ("Golden Minerals," "Golden" or the "Company") (TSX:AUMN) is pleased to announce assay results from 31 holes of a diamond drilling ("DD") program recently completed at its Sarita Este property in Salta Province, Argentina.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221215005285/en/
Sarita Este Au-Ag Results, December 2022 (Graphic: Business Wire)
The Company has now received the remaining assay results for 12 DD holes completed in June and all assays from 19 DD holes drilled recently, totaling 1,825 meters ("m"). This third phase drill program followed up on the positive results obtained at the ‘Sico' epithermal target drilled in 2021 and 2022 as part of an option agreement with Cascadero Copper Corp. ("CCD"). Drill results for 2021 were reported on January 19, 2022 [Link], and partial drill results for the second phase DD holes were reported on August 3, 2022 [Link]. The recent DD campaign was completed in early October 2022. Highlights from the latest 31 DD holes drilled in the Sico epithermal targets include:
The recent results confirm the mineralization at Sico is concentrated on the eastern flank of the prospect, and the drilling to date has intercepted a mineralized footprint of approximately 300m x 120m with potential to expand in multiple directions. Current observations suggest the mineralization trend is heading northeast and west-southwest of the discovery section (SE21008 & SE22011). The Company has planned a follow up drilling campaign to test the trend of the mineralization, to follow up on the open trends, and to increase the size of the mineralized zone as well as to test targets to the north. Recent trenching to the north of the Sico prospect has uncovered quartz-hematite veins which appear mineralized and which have been sampled and sent for analysis.
Mineralization at Sico is hosted in near-surface iron-oxide bearing veins, veinlets and fractures within Tertiary volcanic rocks. Recently completed testing for cyanide extractability of gold shows excellent recoveries averaging 89%. The prospect lies approximately 3km southwest of the Taca Taca copper porphyry deposit (owned by First Quantum Minerals) and 55km directly north of the currently producing Lindero gold mine (owned by Fortuna Silver). The mineralization at the Sarita Este prospect extends south onto the Desierto I & II concessions (2,498 hectares) where Golden is a controlling shareholder with an agreement in place to form a JV with Cascadero Copper.
