Golden Minerals (TSX:AUMN) Reports New Veins and Results From Yoquivo Project

Golden Minerals (TSX:AUMN) has announced new results from the first nine holes in the third drill program being conducted at its Yoquivo gold-silver project in northwest Chihuahua state, Mexico. The 2022 drill program began back in May 2022 and a total of 17 holes of 4,033 metres have been drilled to-date. This is following up on high-grade intercepts reported during Golden Minerals’ 2021 drill activity, and to drill several new holes to explore other vein systems on the property. 

Golden Minerals

Warren Rehn, President and Chief Executive Officer of Golden Minerals commented in a press release: “This most recent drilling has focused on testing the Pertenencia vein system to extend the known mineralized strike length into previously untested areas. The Pertenencia vein has continued to return strong gold-silver grades, and the vein remains open to depth and to the north. The discovery of multiple, previously unknown, high-grade gold-silver structures, particularly the Camila vein, demonstrates that there is also significant potential at Yoquivo to discover additional high-grade structures on the property. The current drill program is expected to allow us to report an initial gold-silver resource on the property later this year.”

Highlights from the drill results are as follows: 

  • 2.2m @ 10.21 g/t Au and 138.8 g/t Ag
  • 0.4m @ 30.80 g/t Au and 5260.0 g/t Ag
  • 4.2m @ 0.16 g/t Au and 229.2 g/t Ag
  • 80.1m @ 0.89 g/t Au and 64.5 g/t Ag
  • 1.7m @ 0.13 g/t Au, 354.6 g/t Ag

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

Hole ID From (m) To (m) Interval (m) True Width (m) Au g/t Ag g/t Target
YQ_022_001 No Significant results
YQ_022_002 49.3 50.3 1.0 0.8 1.82 297.0 Tajitos Vein
YQ_022_003 71.9 73.2 1.3 1.1 1.03 219.8 Tajitos Vein
YQ_022_004 154.9 155.2 0.3 0.3 0.59 131.0 Pertenencia Vein
YQ_022_004 163.4 163.7 0.3 0.2 0.91 112.0 Pertenencia Vein
YQ_022_005 9.0 10.3 1.3 1.1 0.09 214.0 SF Vein
YQ_022_005 232.5 233.3 0.8   0.69 180.3 SF_FW Vein # 1
YQ_022_006 6.6 10.8 4.2 3.7 0.16 229.2 SF Vein
YQ_022_006 199.0 200.3 1.3   0.55 189.0 SF_FW Vein # 1
YQ_022_007 69.1 70.8 1.7   2.09 10.0 New Vein
including 70.6 70.8 0.2   16.90 57.2 New Vein
YQ_022_008 47.2 47.9 0.8 0.6 0.20 128.0 San Francisco HW # 1
YQ_022_008 141.5 141.9 0.4 0.3 30.80 5260.0 San Francisco HW # 2
YQ_022_008 153.2 157.3 4.1 3.3 0.44 103.1 San Francisco HW # 3
YQ_022_009 128.7 130.4 1.7 1.4 0.13 354.6 Pertenencia Vein
including 128.7 129.0 0.3 0.2 0.51 1735.0 Pertenencia Vein
YQ_022_009 225.9 306.0 80.1   0.89 64.5 Vein Stockwork Zone
including 231.9 237.4 5.5 4.7 0.67 130.7 Pert FW Vein
including 281.3 290.7 9.5 8.2 3.93 120.0 Camila Vein
which also includes 284.6 286.8 2.2 2.0 10.21 138.8 Camila Vein

Drill hole collar location table:

Hole ID Easting Northing Elevation (m) Azimuth Inclination Length (m)
YQ_022_001 791250 3104845 1996 260 -45 180
YQ_022_002 791250 3104845 1996 232 -45 180
YQ_022_003 791300 3104848 2001 265 -46 261
YQ_022_004 791350 3104825 2007 259 -45 265
YQ_022_005 790538 3105230 2214 278 -46 261
YQ_022_006 790537 3105231 2214 318 -45 175
YQ_022_007 790641 3105023 2116 53 -44 162
YQ_022_008 790681 3105026 2122 118 -45 306
YQ_022_009 791422 3105230 2115 296 -46 143

Coordinates are in WGS84 datum, zone 12N

Source: Golden Minerals

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I cover the mining industry and the best mining stocks around the world. I write about industry news, individual companies, projects, management, and profiles on industry leaders.

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