Drilling Begins At The El Quevar Silver Project

GOLDEN, CO - Golden Minerals Company has begun a drilling program at its 100%-controlled El Quevar silver project located in Salta Province, Argentina. The Company began drilling in late February, 2019. The program is expected to include approximately 3,000 meters of drilling in roughly 15 holes. Drilling is anticipated to conclude in late May or June 2019, and initial assay results are expected beginning in one to two months’ time.

The goal of the drilling program is to begin expanding the size of El Quevar’s defined resource. Golden Minerals has previously identified numerous prospective targets that lie outside the current Mineral Resource area but are within El Quevar’s expansive 57,000-hectare boundaries. The currently-defined resource includes over 45 million ounces of Indicated silver resources at an average grade of 482 grams per tonne silver, and covers only the Yaxtche deposit area.  

Warren M. Rehn, President and Chief Executive Officer, said, “We believe there is an excellent opportunity to further expand the project’s size and economic significance through additional exploration. We look forward to receiving the program’s first assays within the next couple of months.”

The company’s address is 350 Indiana Street, Golden, CO 80401, (303) 839-5060, www.goldenminerals.com.