Day: January 26, 2017

Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, “The mill grade resource of about 50,000 gold equivalent ounces has the potential to provide us with more than two years of feed for our Velardeña oxide plant. This could be an important replacement to the Company’s current cash flow from the mill starting in 2019 after the Hecla lease expires, assuming positive economic results from our ongoing studies of the Rodeo deposit.”

Thomas Atkins, President and CEO of Mammoth commented on the results from this program stating: “We’re pleased with the results from the PIMA-XRD survey. These results provide us with improved recognition of areas within the larger 15 square kilometer area of precious metal mineralization that would appear to be nearer more intense hydrothermal activity. The model for a High Sulphidation precious metal system, as is believed to exist at Tenoriba, suggests that the nearer the source of hydrothermal activity, the nearer one is to identifying the sources of the precious metal mineralization on the property. The results of this program combined with additional indications hydrothermal activity such as hydrothermal breccias, intense silicification and vuggy silica, associated with favourable geochemistry and precious metal mineralization, reinforces and helps better define the most likely source of the mineralization on the property….