Golden Minerals Company (NYSE-A:AUMN, TSX:AUMN, ETR:7GB) announced a second set of assays from the recently completed, 21-hole drill program at its Yoquivo gold-silver project in Mexico, which included 6.2 metres (m) of 17.2 grams per tonne (g/t) gold and 2,403.5 g/t silver.
The company said the 3,949m drill program was designed to explore the Pertenencia, Esperanza and Dolar vein systems.
“This second set of drill results from Yoquivo continues to show high grades from the Pertenencia vein and the high-grade zone is open to the south,” Golden Minerals CEO Warren Rehn said in a statement.
READ: Golden Minerals pleased with new drill results from Phase 2 program at its Yoquivo gold-silver project in Mexico
“We are also encouraged to see strong gold and silver mineralization from some of the first holes drilled on the Dolar vein system. Results to date clearly indicate the presence of economic grades on several veins in this multi-vein system,” Rehn added.
Golden Minerals noted the drill holes were designed to follow up on the high-grade zones intersected by the company’s 2020 drill program and to explore additional veins to identify new high-grade zones.
It added that it is currently awaiting assay results for the last seven holes.
Golden Minerals is focused on producing gold and silver from its Rodeo mine and advancing its Velardeña properties in Mexico and, through partner funded exploration, its El Quevar silver property in Argentina, and acquiring and advancing selected mining properties in Mexico, Nevada and Argentina.
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