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.

The post Golden Minerals (TSX:AUMN) Reports New Veins and Results From Yoquivo Project appeared first on MiningFeeds.

Free weekly Newsletter

A weekly breakdown of forecasts and trends

Enter your contact info to get The Financial Gambits VIP Newsletter for FREE.

We hate spam as much as you, if you dont like it just unsubscribe and we will never bother you again