Golden Minerals Begins Drilling At Rodeo Gold Project

GOLDEN, CO - Golden Minerals Company has commenced drilling at its Rodeo gold and silver property in Durango, Mexico. The Company plans to drill approximately 20 holes to better define the high-grade core of the Rodeo deposit. The upcoming drill program will expand on the historic drilling campaigns that successfully tested multiple gold-quartz veins and breccias of the Rodeo low sulfidation vein system with encouraging results.

The objectives of the drilling program are to provide greater detail on the gold mineralization at Rodeo and to provide sample material for metallurgical and geotechnical testing, an important step towards the future development of the Rodeo project outlined in the recent Preliminary Economic Assessment filed in May.

Warren Rehn, President and Chief Executive Officer said, "The proximity of the Rodeo project to our existing processing facilities at Velardena presents an excellent opportunity to generate significant revenue from Rodeo starting in early 2021. We are optimistic that the drilling will improve our confidence in the deposit and enable us to continue to move towards development."

Rodeo is an open pit gold project within a 1,900-hectare claim located in the State of Durango, Mexico, approximately 80 kilometers west of the Company's Velardena Properties and processing mills. Golden acquired the Rodeo property subject to a royalty interest due to La Cuesta International in the second quarter 2015, prior to which exploration by other companies identified a gold-bearing system exposed at the surface. Golden conducted a 2,080-meter core drilling program in 2016 and outlined a mineable open pit with a high-grade resource base.