Golden Minerals Company
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GOLDEN MINERALS COMPANY
350 Indiana Street – Suite 800 – Golden, Colorado 80401 – Telephone (303) 839-5060 – Fax (303) 839-5907
GOLDEN MINERALS CUTS 5.0 METERS OF 431 g/t SILVER AT SANTA MARIA
GOLDEN, CO, October 25, 2017 (GLOBE NEWSWIRE) ‐‐ Golden Minerals Company (“Golden Minerals”,
“Golden” or “the Company”) (NYSE American and TSX: AUMN) has released results of high‐grade silver
intercepts from the first six holes of a drilling program conducted at its Santa Maria property located in
Santa Barbara, Chihuahua State, Mexico.
Warren Rehn, President and CEO of Golden Minerals, comments, “The results from Santa Maria show the
continuation of the mineralized veins and provide initial support for our goal of doubling the size of the
existing resource. Santa Maria appears to be an excellent opportunity for Golden to establish near‐term
new silver production in the Parral area at a very low capital cost. We are executing our exploration
programs efficiently while retaining a healthy cash balance and without the need for additional financing.”
Golden Minerals began an expansion drilling program in September 2017 at its Santa Maria gold and silver
property located west of Parral in Chihuahua State, Mexico. The Company recently expanded the claim
package adding 77 hectares and more than doubling the strike distance coverage on the Santa Maria vein
to about one kilometer total. The current drill program was initiated by the Company with the goal of
expanding the existing resource to improve the overall economics reported in the Preliminary Economic
Assessment (“PEA”) published in March 2017. To date the Company has received assays for six holes, with
results for an additional six holes expected before year‐end. To date nine holes are complete, and one is
in progress for 1,900 meters drilled. At least another two holes will be drilled in this program. Highlights
include hole SM17‐03 that returned an intercept of 431 grams per tonne silver over 5.0 meters, hole
SM17‐08 with an intercept of 310 grams per tonne silver and 0.77 grams per tonne gold over 6.9 meters,
and hole SM17‐01 which returned an intercept of 604 grams per tonne silver and 0.84 grams per tonne
gold over 2.5 meters. Results are summarized in the table below. Full results will also be available on the
Company’s website.
Hole No. From
(meters)
To
(meters)
Drill
Width
(meters)
True
Width
(meters)
Ag (g/t) Au (g/t) Pb (%) Zn (%)
SM17‐01 49.2 51.7 2.50 1.06 604 0.84 0.19 0.13
SM17‐02 225.7 226.5 0.80 0.40 255 0.77 1.56 1.49
SM17‐03 216.2 221.2 5.00 2.50 431 0.29 0.49 0.99
SM17‐04 60.7 65.7 5.00 2.50 217 0.49 0.56 0.23
SM17‐05 194.1 194.9 0.70 0.40 164 0.40 0.61 3.76
SM17‐08 141.6 148.5 6.90 2.36 310 0.77 0.40 0.91
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GOLDEN MINERALS COMPANY
350 Indiana Street – Suite 800 – Golden, Colorado 80401 – Telephone (303) 839-5060 – Fax (303) 839-5907
Note: Drill hole results have been composited from multiple adjacent samples; individual assay intervals
will be reported on the Golden Minerals website. Reported intercepts from holes 1, 4, and 8 are
characterized by oxidized vein material.
The results from these recent vein intercepts are similar in grade to our previous results and the average
resource grade. The holes reported here potentially extend the strike dimension of the vein resource by
110 meters to the east. The remaining drill holes with results pending test an additional 250 meters of the
eastward strike direction of the vein system.
Other Updates
The Company also reports that it has acquired the right to purchase claims covering the Yoquivo District,
Ocampo Municipality, Chihuahua through an option agreement. The Yoquivo District is a past‐producing,
bonanza‐grade epithermal vein gold and silver district located 35 kilometers southeast of the Ocampo
Mining District. Golden has the right to purchase six claims totaling 1,906 hectares for payments of
(US)$0.48 million over four years plus outstanding claim taxes. No cash payments are due until the second
anniversary of the agreement. The owner retains a two percent Net Smelter Return royalty capped at $2.0
million.
Drilling at the Mogotes project near Velardena (Durango, Mexico) is ongoing, with five holes totaling about
1,500 meters completed to date and at least two additional holes planned. Assay results are pending.
The Company also continues to advance its Salta, Argentina‐based El Quevar project through a resource
re‐modeling project, now in its third month. Results are expected to be reported at year end 2017 or
shortly thereafter.
Review by Qualified Person and Quality Control
The technical contents of this press release have been reviewed by Warren M. Rehn, M.Sc., a Qualified
Person for the purposes of Canadian National Instrument 43‐101. Mr. Rehn has over 33 years of mineral
exploration experience and is a QP member of the Society for Mining Metallurgy and Exploration.
To ensure reliable sample results, Golden Minerals uses a quality assurance/quality control program that
monitors the chain‐of‐custody of samples and includes the insertion of blanks, duplicates and reference
standards in each batch of samples. Core is photographed and sawn in half with one half retained in a
secured facility for verification purposes. Sample preparation (crushing and pulverizing) is performed at
an independent ISO 9001:2001 certified laboratory in Chihuahua or Zacatecas, Mexico. Prepared samples
are direct‐shipped to an ISO 9001:2001 certified laboratory in Canada.
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GOLDEN MINERALS COMPANY
350 Indiana Street – Suite 800 – Golden, Colorado 80401 – Telephone (303) 839-5060 – Fax (303) 839-5907
About Golden Minerals
Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused
on acquiring and advancing mining properties in Mexico with emphasis on areas near its Velardena
processing plants.
Forward‐Looking Statements
This press release contains forward‐looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended,
and applicable Canadian securities legislation, including statements relating to expectations regarding
future drilling plans at, anticipated future resource estimates, and potential capital costs for development
of Santa Maria; future drilling activities at the Mogotes project; and future results from the re‐modeling
project at El Quevar. These statements are subject to risks and uncertainties, including changes in
interpretations of geological, geostatistical, metallurgical, mining or processing information and
interpretations of the information resulting from future exploration, analysis or mining and processing
experience, new information from drilling programs or other exploration or analysis, unexpected
variations in mineral grades, types and metallurgy, fluctuations in silver and gold metal prices, increases
in costs and declines in general economic conditions, and changes in political conditions, in tax, royalty,
environmental and other laws in Mexico or Argentina, and financial market conditions. Golden Minerals
assumes no obligation to update this information. Additional risks relating to Golden Minerals may be
found in the periodic and current reports filed with the Securities and Exchange Commission by Golden
Minerals, including the Company’s Annual Report on Form 10‐K for the year ended December 31, 2016.
For additional information please visit http://www.goldenminerals.com/ or contact:
Golden Minerals Company
Karen Winkler
Director of Investor Relations
(303) 839‐5060
SOURCE: Golden Minerals Company